sustainable development a cornerstone of business strategy to achieve sustainable and profitable growth.
We adopted principle of materiality and prioritized key issues after collective deliberation by management and key stakeholders. These issues include;
Our sustainable development strategy draws on our proven technology and risk management framework and evolves from the materiality analysis that we have been performing over the years.
The focus areas under our sustainability development strategy include the following:
• Energy Security,
• Health & Safety,
• Corporate Governance and Transparency,
• Product Responsibility,
• Climate Change and Waste Management.
As a company involved in the energy and materials value chain, we are committed to responsible use of
energy.
Our systems and processes ensure optimum energy usage by continuous monitoring of all forms of
energy and increasing the efficiency of operations.
Our Endeavour in exploration & production of oil & gas is to ensure energy availability for India,
minimize dependence on imported crude oil and reduce exposure to vagaries of crude oil prices.
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Natural gas - a low-carbon, low polluting green fuel that will flow from our fields will create value and be
beneficial to a large section of our society. We are building transformational initiatives to promote use of
alternative energy.
Energy Security
We firmly believe that growth through innovation will give us a big competitive advantage and will be a key Differentiator.
Our goal is to make RIL one of the most innovative companies in the world and to achieve
Breakthrough growth in revenues and profits by creating and implementing sustainable solutions.
We are developing an innovative ecosystem that builds on organizational systems and processes, talent
management, open innovation and world class R&D facilities.
Health and Safety
Safety overrides all production targets – this vision drives us to continuously look for ways to achieve zero
accident at workplace.
Our vision is to develop a dedicated pool of safety professionals and lead in safety performance across our operations by focusing on process safety and behavioral safety.
Environment
Protecting the environment and preserving natural resources is a high priority area.
We set targets for key environment-related performance indicators such as material intensity,
GHG emissions, air quality, water consumption, effluent discharge, waste generation and disposal, and
Conservation of bio-diversity.
For us, product responsibility is to offer efficient and reliable product and services with minimum
Environmental impact throughout the life cycle of the product from the cradle to the grave. Our product and services are designed, manufactured and delivered with principle consideration of customer safety.
Product Responsibility
Social welfare and community development is at the core of our Corporate Social Responsibility (CSR)
philosophy.
Our strategy is to have close and continuous interaction with the people and communities
Around our manufacturing divisions to bring qualitative changes and support the underprivileged.
We contribute in the area of health, education, infrastructure development (drinking water, improving
village infrastructure, construction of schools etc.), relief and assistance in the event of a natural disaster.
Social Institution Building
Made significant investments in E&P of O&G to secure energy supplies
Implemented systems to monitor and measure sustainability performance
Introduced sustainability awareness programmes in the intranet
Formed the Reliance Innovation Council
Sustainability report assured by an independent assurance provider
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