ESG
Introduction
As a responsible corporate, we understand the organization’s responsibility towards
environment
and
society. As we embark on our ESG journey, we believe it is our responsibility to take
holistic
actions in making Finolex a more resilient, sustainable, and nurturing organization. We
strive
to
build long-lasting relationships with our internal and external stakeholders through
continuous
engagement to understand their perspectives, needs, and expectations and integrate their
responses
into our decision-making.
As we stand on the brink of our 42nd year in the industry, we have embarked on our ESG
journey
to
grow holistically as an organization and create value for all our stakeholders. We took
our
first
step in this direction in FY 2021-22 by gaining the ‘Responsible Care’ accreditation
from
the
Indian
Chemical Council. Through this, we strive to drive continuous improvement in safe
chemicals
management and achieve excellence in environmental, health, safety, and security
performance. It
is
our constant endeavour to deliver products and services of the highest quality to our
customers
while ensuring minimal harm to the environment and society. At Finolex, we remain
committed
to
creating a better today and growing with changing times to create a stronger tomorrow.
Awards & Achievements
2023 - 24
Prestigious Brand
of Asia Awards
Prestigious Brand
of Asia Awards
2022
Mr. Prakash Chhabria wins Entrepreneur of The Year 2022 Award, at IBEF
Mr. Prakash Chhabria wins Entrepreneur of The Year 2022 Award, at IBEF
2022
Economic Times Rotary CSR Award for Distinguished Service to Society
Economic Times Rotary CSR Award for Distinguished Service to Society
2022
IndiaCSR Best Innovative CSR Practices in Education
IndiaCSR Best Innovative CSR Practices in Education
2022
Responsible Care Certification - Indian Chemical Council
Responsible Care Certification - Indian Chemical Council
2021
World CSR Day Award February 2021
World CSR Day Award February 2021
2021
Yuva Unstoppable 2021 Changemaker Award (COVID19 Efforts)
Yuva Unstoppable 2021 Changemaker Award (COVID19 Efforts)
2020
CSR Times Award (Silver) - COVID 19 Efforts
CSR Times Award (Silver) - COVID 19 Efforts
2020
Best Boiler User Award by Government of Maharashtra
Best Boiler User Award by Government of Maharashtra
2019
Corporate Tycoons (Excellence CSR Award) 2019 - MMF & FIL
Corporate Tycoons (Excellence CSR Award) 2019 - MMF & FIL
2019
ET NOW Rotary CSR Awards - MMF and FIL
ET NOW Rotary CSR Awards - MMF and FIL
2018
Corporate Tycoons (Business Excellence Award in CSR Category) - MMF and FIL
Corporate Tycoons (Business Excellence Award in CSR Category) - MMF and FIL
2016
Bluedart Global CSR Excellence and Leadership Awards
Bluedart Global CSR Excellence and Leadership Awards
2015
Rated "Very Good Safety System" by NSC-India
Rated "Very Good Safety System" by NSC-India
2015
"Best Safety Practices Award“ by Directorate of Industrial Safety aand Health & NSC
"Best Safety Practices Award“ by Directorate of Industrial Safety aand Health & NSC
2014
Green Manufacturing Excellence Award - Frost & Sullivan
Green Manufacturing Excellence Award - Frost & Sullivan
2013
Supply Chain Enterprise Icon of the Year
Supply Chain Enterprise Icon of the Year
2009
National Energy Conservation Award - Ministry of Power - 2009
National Energy Conservation Award - Ministry of Power - 2009
2008
MEDA first prize for Energy Conservation
MEDA first prize for Energy Conservation
2004
Green Tech Environmental Gold Award 2003-04
Green Tech Environmental Gold Award 2003-04
2003
Prashansa Patra -by NSC India
Prashansa Patra -by NSC India
2002
Industrial Safety Award by NSC Maha Chapter
Industrial Safety Award by NSC Maha Chapter
2001
National Safety Council (NSC)- Maharashtra Chapter awarded
National Safety Council (NSC)- Maharashtra Chapter awarded
2000
Lowest Accident Frequency Rate Award
Lowest Accident Frequency Rate Award
1999
Dr. R. J. Rathi Award for Environmental Pollution Control
Dr. R. J. Rathi Award for Environmental Pollution Control
Our ESG Commitments
(*increase plantation from present 62,000 to 100,000 nos)
A legacy that endures
For us at Finolex, sustainability is not something new. It has been our very essence over the years. Anything we do, has to be done well. Our every action takes into account the larger picture, right now, and into the future. Like the farmers we work for have taught us, the seeds of big ideas we plant today, will only bear fruit in the future. And we have the patience and the will to wait. Whether it is our products, processes, profits, plants, or our parivaar – our family of employees, farmers, dealers, homeowners, plumbers, and the communities we work with – or the environment, our every step keeps them all in mind. We invest in them, in their future, and in our collective future. For us, sustainability is not lip-service. Instead it is nurturing a legacy that endures.
Our Key Focus Areas
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Tax PolicyView
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Anti Bribery and Anti Corruption PolicyView
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Anti Money Laundering PolicyView
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Anti-Trust And Fair Competition PolicyView
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Code of Conduct for Directors and Senior Management and Code of Independent DirectorsView
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Employee Code Of ConductView
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Environmental, Social And Governance (ESG) Policy StatementView
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Equal Opportunity Policy StatementView
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Human Rights PolicyView
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No-Deforestation PolicyView
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Policy on Inclusive and Equitable DevelopmentView
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Policy on Stakeholders Engagement and InclusivenessView
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Safety, Health And Environment PolicyView
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Supplier Code Of ConductView
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Whistle Blower PolicyView
Towards the future
We have many more miles to go, and we don't intend to sleep. There are still parched farmlands we yearn to irrigate, still cities we wish to course through, many industries still left to fuel and many millions of lives filled with potential that lie in wait for us to nurture. We also have a planet that needs to be healed and tended to, respected and nourished.
Over these last 40 years, we feel we are just getting started, and the hardest work still lies ahead of us, and that is what fills us with purpose and excitement for the future. The legacy we have built so far has brought together a large, thriving family. It is a legacy that unites. It is a legacy that makes the future bright and filled with possibilities.
Impact
of Homes
Environment