Business Responsibility Guidelines for Coke based Cupola Foundries for Ajmer Zila Laghu Udyog Sangh (AZLUS) National Voluntary Guidelines- An Introduction Emphasis on BR Lays down basic requirements of businesses to function responsibly
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Presentation Transcript
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Business Responsibility Guidelines for Coke based Cupola Foundries for Ajmer Zila Laghu Udyog Sangh (AZLUS)<br>
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National Voluntary Guidelines- An Introduction Emphasis on BR
Lays down basic requirements of businesses to function responsibly
“Responsible Business” conduct refers to the commitment of businesses to operating in an economically, socially and environmentally sustainable manner
A guidance document for businesses of all size, ownership, sector, and geography
Take into account the realities of Indian business and society<br>
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Structure: 9 Principles, 48 core elements<br>
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Why we need guidelines for Foundry sector<br>
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Methodology for formulating the Guidelines In-depth desk research to understand the key issues faced in this sector
Analysis of reports* based on studies conducted by FMC were also analysed
Preliminary report on ‘Environmental, Social and Governance Issues in the Foundry Industry’ was prepared *Diagnostic Study of Cast Iron Foundry Cluster Jaipur and Ajmer Block Cutter Casting Cluster, Foundation for MSME Clusters, 2012; A Study on Indian Foundry Sector, MSME Foundation, 2009 etc CUTS team met with members of AZLUS in Ajmer to discuss the preliminary report
The team also got an understanding about AZLUS and its member’s approach/perspective towards Business Responsibility (BR) issues CUTS team visited few foundries during the Ajmer visit to get an understanding of the ground realities
These included a mix of large and small foundries<br>
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Principle 1: Businesses should conduct and govern themselves with Ethics, Transparency and Accountability Core Elements<br>
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Principle 2: Businesses should provide goods and services that are safe and contribute to sustainability throughout their life cycle Core Elements<br>
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Principle 2: Businesses should provide goods and services that are safe and contribute to sustainability throughout their life cycle (cont…) Core Elements<br>
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Principle 3: Businesses should promote the well-being of all employees Core Elements<br>
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Principle 4: Businesses should respect the interests of, and be responsive towards all stakeholders, especially those who are disadvantaged, vulnerable and marginalised Core Elements<br>
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Principle 5: Businesses should respect and promote human rights Core Elements<br>
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Principle 6: Business should respect, protect, and make efforts to restore the environment Core Elements<br>
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Principle 7: Businesses, when engaged in influencing public and regulatory policy, should do so in a responsible manner Core Elements<br>
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Principle 8: Businesses should support inclusive growth and equitable development Core Elements<br>
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Principle 9: Businesses should engage with and provide value to their customers and consumers in a responsible manner Core Elements<br>
