Aditya Birla Capital’s (ABC) Sustainability Vision

Chairman’s 2017 Sustainability Vision

“By 2017, Aditya Birla Group endeavours to become the leading Indian conglomerate for sustainable business practices across its global operations, balancing its economic growth with environmental and societal interests.”
- KM Birla

CEO's Commitment to Sustainability

In line with the Chairman's vision, ABC is committed to operate in a manner that is long term and sustainable not only from an economic standpoint but also from an environmental and social perspective. Balancing the country's rapid growth needs with sustainable development is a unique challenge and we aim to address these issues in a manner tailored to the Indian context.
– Ajay Srinivasan

Chief Compliance & Risk Officer’s Statement

Sustainability at Aditya Birla Capital is part of the group risk function on the premise that Environmental & Social factors are material to the financial sector from a Risk perspective. Having embarked on this journey in 2015, we are still learning the ropes in terms of incorporating sustainability factors in our lending and investment decisions. The challenges are enormous since Sustainable Finance as a subject is still a relatively untrodden path in India and benefits are slow to materialize. Having said that, we have undertaken various internal and external sustainability efforts (as mentioned in the following sections) and aim to steadily fulfill our Chairman’s vision to be a sustainability leader in our sector.
– A. Dhananjaya

Chief Sustainability Officer’s Statement

The Group Sustainability Cell has the goal of supporting and facilitating the achievement of the Chairman’s Sustainability Vision. Our priority is to follow the three steps of the ABC Sustainability model to help us adjust our performance to meet the ever tightening demands of a sustainable planet and society.

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The first step “Responsible Stewardship” focusses on how we manage today and our goal is to building a framework of policies, technical and management standards aligned to international standards as defined by the IFC, OECD, UNGC ISO and OSHAS. By introducing these standards into our systems we will manage our operations in the most responsible manner.

The second step defined by the model is to understand the external changes that will inevitably impact our companies in the future and this step of the model is called “Stakeholder Engagement". Our goal is to build strong relationships with our stakeholders and key technical experts on climate change, water and waste management, developments in human rights legislation, safety standards, health impacts and the like. By doing so we expect to learn what are the trends that will most likely affect our businesses in the future and how they are likely to change.

The third step we will take is, "Future Proofing”, here we will embed sustainability trends into our strategic business plans to minimise the risks and find new opportunities that will be presented by the requirements of a sustainable planet and society by 2030 and 2050 and make our businesses sustainable.

All our business leaders are involved in the challenge to meet the Group’s vision and a lot of progress has already been made. Each business has created a road map to 2017 by which time we hope to be able to demonstrate that we have reached international standards of performance and have a robust plan for 2030 and beyond.
– Tony Henshaw

 

Corporate Social Responsibility

For us at Aditya Birla Capital, reaching out to under served communities is part of our DNA. We believe in the trusteeship concept. This entails transcending business interests and grappling with the “quality of life” challenges that under served communities face, and working towards making a meaningful difference to them.

Our vision is - “To actively contribute to the social and economic development of the communities in which we operate. In so doing build a better, sustainable way of life for the weaker and marginalized sections of society and raise the country’s human development index”- Mrs. Rajashree Birla, Chairperson, Aditya Birla Centre for Community Initiatives and Rural Development.

All projects are identified in consultation with the community in participatory manner, literally sitting with them and gauging their basic needs. We recourse to the participatory rural appraisal mapping process. Subsequently, based on a consensus and in discussion with the village panchayats, and other stakeholders, projects are prioritized.

Arising from this our focus areas that have emerged are Education, Health care, Sustainable livelihood, Infrastructure development, and espousing social causes. All of our community projects/programmes are carried out under the aegis of The Aditya Birla Centre for Community Initiatives and Rural Development. Our activities are in line with Schedule VII of the companies Act, 2013.