Atul Ltd 2017-18

69 02. Principles related to BR as per National Voluntary Guidelines The National Voluntary Guidelines on Economic, Environmental and Social responsibilities of Businesses released by the Ministry of Corporate Affairs has adopted 9 Principles related to BRR. These are as follows: P1 Ethics, transparency and accountability Businesses will conduct and govern themselves with ethics, transparency and accountability. P2 Product lifecycle sustainability Businesses will provide goods and services that are safe and contribute to sustainability throughout their lifecycle. P3 Well-being of the employees Businesses will promote the well-being of all employees. P4 Engagement with the Stakeholders Businesses will respect the interests of and be responsive towards all the Stakeholders, especially those who are disadvantaged, marginalised and vulnerable. P5 Human rights Businesses will respect and promote human rights. P6 Environment Businesses will respect, protect and make efforts to restore the environment. P7 Policy advocacy Businesses, when engaged in influencing public and regulatory policy, will do so in a responsible manner. P8 Equitable development Businesses will support inclusive growth and equitable development. P9 Value to the customers Businesses will engage with and provide value to their customers and consumers in a responsible manner. a. Details of the compliance (Y: yes, N: no) No. Questions P1 P2 P3 P4 P5 P6 P7 P8 P9 01. Does the Company have policies for the 9 Principles of BR? Y Y Y Y Y Y Y Y Y 02. Have the policies been formulated in consultation with the relevant Stakeholders? Y Y Y Y Y Y Y Y Y 03. Do the policies conform to any national | international standards? Y Y Y Y Y Y Y Y Y The Company has developed policies for its significant operations in conformance with the international standards (such as ISO 9000, ISO 14000, OHSAS 18000), UNGC guidelines and ILO Principles. 04. Have the policies been approved by the Board? If so, has it been signed by the owner | MD | CEO | appropriate Board of Director? Y Y Y Y Y Y Y Y Y All the policies have been approved by the Board and have been signed by a Whole-time Director (WtD). 05. Does the Company have a specified Committee of the Board | Directors | Officials to oversee the implementation of the policies? Y Y Y Y Y Y Y Y Y The Company has appointed a WtD to oversee implementation of the policies. 06. What is the URL to view the policies online? The policies are not yet made available online. 07. Have the policies been formally communicated to all relevant internal and external Stakeholders? Y Y Y Y Y Y Y Y Y The policies have been communicated to many relevant internal and external Stakeholders. 08. Does the Company have an in-house structure to implement the policies? Y Y Y Y Y Y Y Y Y 09. Does the Company have a grievance redressal mechanism to address grievances of the Stakeholders (related to the policies)? Y Y Y Y Y Y Y Y Y 10. Has the Company carried out independent audit | evaluation of the working of the policies by an internal or external agency? Y Y Y Y Y Y Y Y Y