Environment, social and governance
ESG - WHY, WHAT AND HOW
Environment, social and governance (ESG) compliance is the new-age, sustainability-based company's strategy or a set of standards endowed with relevance for a company's operations. Today, ESG is gaining gravitas in various companies’ production & operation mechanisms because majority of global & national investors are now keen on socially conscious screening for potential investments.
Environmental, Social and Governance or ESG together form the three pillars of sustainable investing. Investors today are becoming conscious about the environmental and social repercussions of their actions. A company’s internal workings, its relationship with its stakeholders and ultimately, its impact on the environment and the economy are all intricately linked with one another. Thus, for ensuring their investments make a positive change, sustainability conscious investors strive to ensure the organizations they invest in are accountable stewards of the environment, are good corporate citizens, lookout for their stakeholders and are led by responsible and credible managers. The growth of the ESG ecosystem is essential in today’s world as the world is in dire need for environmentally & socially charged, utterly conscious business approaches.
ENVIRONMENT
The ‘E’ in ESG stands for Environment and it entails the environmentally charged aspirations & operations of a company. It considers how a company fits into the purview of a 'steward of nature'. Environmental issues may include:
- Carbon emissions
- Air and water pollution
- Deforestation
- Green energy initiatives
- Waste management
- Water usage
- Life Cycle Assessments of Products
SOCIAL
Brij Designs enables & expresses transparency with its entire workforce, partners & external stakeholders. We have constantly worked towards the betterment of our employees & partners, we invest time & funds in making the experience of our employees satisfactory and fair in all respects. We have been engaged with various NGOs and environment initiatives like Plantation Drives to do our bit for the environment.
The ‘S’ in ESG stands for social and it covers the social performance of a company which includes its relationship and adherence to the material needs of its stakeholders. The impact a company has on the community that it serves along with the treatment of its employees are the two key factors in this segment.
- Employee gender and diversity.
- Personal data security.
- Customer satisfaction.
- Company sexual harassment policies.
- Human rights at home and abroad.
- Fair labor practices
- Overtime & Salaries on time
- EPF, PF and Gratuity
SOCIAL INFO GRAPH
SOCIAL INFO GRAPH: | 2020-21 | 2021-22 | 2022-23 (plnd) |
No Child Labour | 100% | 100% | 100% |
No Forced Labour | 100% | 100% | 100% |
Fair Wages And No Discrimination | 100% | 100% | 100% |
Overtime Policy And On Time | 100% | 100% | 100% |
Management System, Transparency And Traceability | 50% | 78% | 90% |
Health And Safety | 75% | 88% | 95% |
Discipline And Good Practices | 100% | 100% | 100% |
Freedom Of Association And Grievance | 100% | 100% | 100% |
GOVERNANCE
Brij Designs ensures and advocates complete transparency in all legal & regulatory compliances. Regular updates in accordance to international norms & policies are conducted & employee policies are drafted based on national standards, additionally we provide health benets to our workforce with immediate and effective grievance redressal protocols.
The ‘G’ in ESG stands for Governance and it pertains to the decision and policy making prowess of an organization’s leadership. Its purpose is to ensure that a company holds itself accountable to its actions and conducts business in a way which is transparent as well as ethical. It also necessitates that the company’s decisions are made by a diverse group of people with appropriate oversight.
Governance issues may include:
- Business ethics
- Legal Compliances
- Conflict of Interests
- Company Policies
- Employee Remuneration
- Human Rights Impacts
Brij Design’s ESG Journey
Brij Designs takes pride in its energy conscious approach and we are always on the lookout for opportunities that may expand our ESG horizons. Our constant strive for incorporating sustainability within our operations has gradually transformed us into an ESG conscious company which plans to create a positive impact not only for our people but for our planet as well. If you want to know more about our ESG journey so far, you can download our ESG report, which provides a complete snapshot of our sustainability profile till now.
