Message of Continued Support to Global Compact
In today’s unpredictable and ever-changing environment, one company alone cannot solve the sustainability challenges that we are facing. Hence, we have to evolve existing partnerships and build new ones to help create a more resilient future for our business and the planet. We also understand that the sustainability challenges are complex and multi-dimensional, and as a responsible corporate citizen, we will continue to do our part with unflinching commitment such that the world remains a safe haven for our future generations. To help contextualize one of the most visible outcomes of sustainability challenges, one has to look at the global migration report of 2018 presented by the United Nations. Current estimates show that there are 244 million international migrants globally (3.3% of the world’s population). While the vast majority of people in the world continue to live in the country in which they were born, more people are migrating to other countries, especially those within their region. Many others are migrating to high-income countries that are further afield. Global displacement is at a record high, with the number of internally displaced at over 40 million and the number of refugees more than 22 million.
Work is the major reason that people migrate internationally, and migrant workers constitute a large majority of the world’s international migrants. The migrant workforce contributes significantly to the local economy and also to the home country. As per World Bank’s global remittance report of 2018, India will retain its position as the world's top recipient of remittances this year with its diaspora sending a whopping USD 80 billion back home. India is followed by China (USD 67 billion), Mexico and the Philippines (USD 34 billion each) and Egypt (USD 26 billion), according to the global lender. Sustainability linked global trends are changing our planet and are having a measurable impact on the topline and bottomline of the business. Sustainability challenges like resource scarcity, migration, demographic shifts and climate change are redefining our societies, public policies, regulatory frameworks, business environments and investment outcomes. Such challenges create new opportunities and risks that companies must address to remain relevant. Companies that anticipate and manage present and future economic, environmental and social opportunities and risks by focusing on quality, innovation and productivity will emerge as leaders and are more likely to create a long-term stakeholder value.
Our Communication of Progress (COP) report for the year 2018-19 is a summary of our efforts and achievements in furthering our sustainability objectives which are seamlessly integrated with our overall business goals. We focused on our triple bottomline and took forward various activities as part of the Start-up Fund, CSR and HSE initiatives. Through Balmer Lawrie Start-up fund, we supported Kanpur Flowercycling Pvt. Ltd., a company that converts discarded flowers into innovative products like incense, natural soap and other bio-degradable products, with Rs. 1.2 crore and RCHobbytech Solutions Pvt. Ltd., a company providing unmanned surveillance solutions, with Rs. 1.5 crore. As a member company of the Ministry of Petroleum and Natural Gas (MOPNG), Govt. of India, we contributed Rs 225 Lakh for the Skill Development Institutes (SDIs) at Ahmedabad, Rae Bareilly, Guwahati, Bhubaneswar, Kochi and Vsakhapatnam. As part of the Swachh Bharat Abhiyan, besides the construction of 330 toilets in the states of West Bengal, Assam, Andhra Pradesh, Chhattisgarh, Haryana, Rajasthan and Maharashtra, Balmer Lawrie has initiated a capacity building project on health and hygiene at Silvassa and has sponsored the beautification of three ghats along the river Hooghly in Kolkata. Balmer Lawrie achieved Zero LTI [Lost Time Injury] for the last two consecutive financial years that is from 1st April 2017 till 31st March 2019 and Manali, Chennai (manufacturing units) was awarded a 4-star rating for commitment to EHS Practices in the CII-SR EHS Excellence Awards for the year 2018 given away by Confederation of Indian Industry. We will continue to focus on our sustainability roadmap and create long-term value for all our stakeholders.
Chairman & Managing Director