best value chem pvt ltd sustainability report 2020-21
TRANSCRIPT
INDEXContents
3. Key Achievements – FY 20
4. About Us
5. CEO’s Insight
6-8. Our Sustainability Approach, Goals & Targets
9. Business Performance, Awards & Accolades
10-15. Business Ethics and Supplier Engagement
16. Product Safety & Stewardship
16-28. Environmental Performance
29. Sustainable Sourcing
30. Inclusion , Diversity & Our People
31-34. Health , Safety & Employee Development
35-36. Social Initiatives
Responsible
SourcingResponsible
Manufacturing
Sustainable
Product
Valued
Partnership
Social
Responsibility
202 _ BVCPL SUSTAINABILITY REPORT 2020-21
Responsible Sourcing
Responsible Manufacturing
Sustainable Product
Valued Partnership
Social Responsibility
Key Achievements in FY20
Achieved Lost time injury
Frequency rate(LTIFR)
Zero(0).
Zero Lost Time Severity
Frequency Rate(ZLTSFR).
Installed Dry Vacuum
Pump to reduce 262
KL/Month water
intake
Zero(0) water Load
to 9500 MT of
DCPD ester product
stream
Achieved B rating in
water criteria under
2020 CDP
Assessment
5.81% of the raw materials we
purchased worldwide were from
renewable resources
8.7 % rise in Procurement
of Renewable Raw
material
63 % Reduction in waste generation
in Salicylate product stream by
adopting Green Chemistry Principle.
4.66 % reduction in Scope 2
Emission.
3
This is done by replacing
organo- metallic green catalyst.
Installed Multiple LEL meter to
detect any potential process
emissions.
276Employee
136Hours of Training
61.71 Lakhs of CSR Expenditure.
03 _ BVCPL SUSTAINABILITY REPORT 2020-21
Responsible Sourcing
Responsible Manufacturing
Sustainable Product
Valued Partnership
Social Responsibility
INTRODUCTION
About BVCPL
We are pleased to support the Global Reporting Initiative (GRI) as a comprehensive, internationally–recognized framework for
reporting on economic, environmental and social (EES) performance. The BVCPL Sustainability report is intended to
provide our stakeholders with information on our EES management approach, progress against our sustainability goals,
commentary from our Chief Executive Officer on our sustainability performance, and a discussion of our sustainability
strategy.
Best Value Chem Private Limited is one of the leading manufacturers of fragrance
and flavor ingredients in INDIA. Its commitment to customer satisfaction, by
delivering quality products and services has helped it to become one of the leading
manufacturers in INDIA. Responding creatively and competitively with our
products in anticipation of our customers' aspirations is our unique aspect.
BVCPL is a privately held company incorporated in the state of Gujarat, Vadodara
in 1996, Best Value Chem (P) Limited is engaged in manufacturing of Aroma
Chemicals. Increased volumes and widened product range called for bigger and
sophisticated production facility & therefore in 2000, a new plant was
commissioned at Karakhadi – 50 Kms from Vadodara, Gujarat. BVCPL's
increasing business lead to another operational plant at Moxi – 30 Kms from
Vadodara, a higher capacity plant to take care of the international clients. Today
export Market covers around 80% of total BVCPL's sales.
About Report
This Report provides information on our economic, environmental and
social performance for 2020-21. This is our First Sustainability Report
which covers our Sustainability Progress Highlights, CDP climate and water
submissions, and other documents to assist interested stakeholders.
This Sustainability report is produced primarily in accordance with the GRI
Standards framework at the “Core” level.
We have covered GRI Standards which is relevant to the kind of business
we are dealing with and it is reflected in Contents Index at the Initial Pages.
External assurance was not obtained for this report. However, BVCPL does
verified all the Environment , Energy, Health and greenhouse gas emission
information.
In addition, BVCPL has policies and internal practices to enhance and
provide assurance about the accuracy of the report. For instance, internal
and second-party audits are conducted on many of BVCPL key activities
including safety, health, and environmental performance, financial
accounting and compliance with the BVCPL Code of Conduct.
404 _ BVCPL SUSTAINABILITY REPORT 2020-21
Sustainability is no longer just an environmental obligation for corporations. Today, it is a business imperative and needs to be hard-wired into corporate strategy. Profitability intertwined with sustainability, in the long run, positively benefits the people and the planet by enhancing livelihood opportunities to the communities as well as by safeguarding the environment.
In this Context, I am pleased to share BVCPL’s Sustainability Report, The endeavor is to deploy the best available technologies and benchmark them against global best practices to enhance long-term value creation. Across businesses, BVCPL has taken proactive steps in developing a framework for sustainability, based on the expectations of external and internal stakeholders as well as at some extent, the United Nations Sustainable Development Goals (UN SDGs).
Getting more from less is the driving force behind many of our sustainable innovations. We deploy emergent technologies to minimize our carbon footprint and waste generation, along with installing variable frequency drive to reduce energy consumption, retrofitting, redesigning processes and installing energy-efficient equipment. We continue to improve water-use efficiency in our operations, while affecting cultural change in conserving and reusing water.
People play a crucial role in sustaining our competitive edge and achieving long-term success. We aim to attract and develop a workforce that is as diverse as our customers and communities. What sets us apart, though, is our culture of safety– encapsulated in our common goal of ensuring nobody gets hurt at work. We have collaborated with ERM to strengthen the Safety Management System in our businesses. OHSAS 18001/ISO 45001 is the foundation of our occupational health and safety programmes at our sites and has resulted in continued improvements in our safety performance.
We remain committed as ever to delivering enhanced value for our stakeholders. We encourage you to go through our Sustainability Report and share your valuable feedback. Together, we can take our sustainability journey to new heights.
C E O ’ S I N S I G H T
Setting Sustainability
Benchmarks Higher Every Year
Shaju C.O
Chief Executive Officer,
Best Value Chem Pvt Ltd
We have committed
New Innovations and
Continue to embed
Safety & Sustainability
in our Organisational
Culture.05 _ BVCPL SUSTAINABILITY REPORT 2020-21
Responsible Sourcing
Responsible Manufacturing
Trust lies at the heart of the value we deliver to our
customers and the society. Our responsibility to
maintain the highest levels of operational excellence,
professional integrity and best-in-class quality
strengthens our position as a global market leader,
and also helps us evolve as market conditions
change. ustainable Product
Social Responsibility
Approach to Sustainability
Building in GreaterAccountabilityBVCPL has a long-standing commitment to safety and sustainability. We are continousely
monitoring our sustainable goals and today we continue to report strong progress on our
footprint reduction targets. In 2020, we broadened our vision of sustainability to include goals
focused on bringing products to market that help our customers and others in our value chains
be more sustainable.
Pillars of Our Sustainability FrameworkThe four pillars of our sustainability framework provide a broad outline of our contributions
towards a sustainable future.
Professional ExcellanceKey Focus Area• Fair business practices
• Responsible sourcing and manufacturing
• Product quality, safety and zero harm
• Green chemistry
• Customer satisfaction Product
Empowering PeopleWe empower our employees to succeed in a safe,
diverse and inclusive workplace that treats everyone
fairly and with respect. We also seek to employ and
develop local talent and offer our employees
flexibility, mobility and opportunity within the BVC.
ustainable Product
Key Focus Area• Learning and development
• Employee health and safety
• Diversity and inclusion
Supporting EnvironmentWe are committed to achieving sustainable growth while
minimizing the impact of our operations on the
environment. We follow a carbon neutrality strategy, seek
to use resources efficiently and work to deliver value for
the society. We also recognise our role in supporting our
customers to improve their environmental performance.
ustainable Product
Key Focus Area• GHG Emissions
• Energy Efficiency
• Water Footprint
• Waste Management
606 _ BVCPL SUSTAINABILITY REPORT 2020-21
Responsible Sourcing
Responsible Manufacturing
Sustainable Product
Valued Partnership
Social Responsibility
Supporting UN SDGs
Our Company level targets are aimed at prioritizing our efforts on the most
important areas for delivering long-term value. They are complemented by
business-specific metrics, monitoring and reporting to track results across key
areas such as safety, energy efficiency and resource efficiency.
Sustainability RoadmapBusiness is increasingly seen as having a key role to play in responding to society’s global
challenges. The UN SDGs have become the platform for stakeholders to work together to
develop solutions on a global stage. Like many companies, we are on a journey to embed
the SDGs into our business planning and activities, with a focus on those SDGs that most
closely align to the areas where we have the greatest influence and impact.
Goals & TargetsSustainable development to us means constantly reorienting our activities and reshaping our
product portfolio in such a way that it makes a positive contribution to our society.
7
To maintain Lost time
injury Frequency
rate(LTIFR) Zero(0).
To Make Manufacturing
Operation Zero Liquid
Discharge(ZLD) by 2025
Reduce GHG Emission
by 25 % (Over the base
year of 2020)
Increased used of
Renewable Feedstock
To increase the %
renewable
procurement to 10 %
by 2025
100 % of our Facilities
to participate in
community engagement
100 % of our employees
to receive code of ethics
training
07 _ BVCPL SUSTAINABILITY REPORT 2020-21
Responsible Sourcing
Responsible Manufacturing
Sustainable Product
Valued Partnership
Social Responsibility
Supporting Sustainable
Development Goal
The UN Sustainable Development Goals (SDGs) provide a powerful
framework for bringing focus and resources to the greatest challenges
facing the world today on issues such as economic empowerment,
human rights, health, and the natural environment. BVCPL is actively
engaging with many different stakeholders on the SDGs where it can
provide strategic insight and collaboration.
Although we value all SDGs, we focus on those that are most
relevant to our business and fundamentals. As a business-to-business
company, we are part of vast production cycles and strive to help our
customers achieve their goals and satisfy consumers’ demand for
more sustainable products. In principle, we support all 17 SDGs, yet
have still identified the areas especially relevant to us. We can make a
considerable contribution to value in these areas.
The figure at right highlights how the BVCPL Sustainability Goals —
comprised of Innovation, Security, and carbon footprint — align with
and support attainment of the SDGs.
We at BVCPL are making hard efforts to contribute to those 12
Sustainable Goals at our personal as well as professional life which
impact directly / indirectly on the environment, Health and Safety of
the surrounding and communities.
808 _ BVCPL SUSTAINABILITY REPORT 2020-21
Responsible Sourcing
Responsible Manufacturing
Sustainable Product
Valued Partnership
Social Responsibility
Awards and Accolades
Economic performance of our Flavour & Fragrance Ingredient
business was strong with a total of ₹ 477 Crores of Sales Turnover
with the record growth of 23.89 % , On other Side Total Sales Volume
achieved in FY 20 was 18,676 MT which led to the 36.24 % growth
in volume compared to previous Year. Additionally, large
procurements made by us for our regular business as well as for
ongoing capex projects has a huge cascading impact – creating jobs
and business opportunities for entire socioeconomic spectrum. In
2020-21 , We have spent around 3.53 Crore to improve Environment,
Health and Safety Performance.
Cherishing RecognitionsBusiness Performance
Highlights 2020-21
In order to establish the efficient and effective system in place, BVCPL has acquired
various certifications over the period of time in last one decades. These Certifications
include Quality Management System, Environmental management System , Occupational
Health and Management System. To have efficient control over the Flavour Grade
products, put in place the system like HACCP. GMP, FSSAI compliance and Kosher
certifications. All the Products BVCPL are dealing with exporting into EU are Registered
under REACH. Best Value Chem Pvt Ltd go to great lengths to protect and maintain our
own intellectual property (IP). In order to do this, in 2019,we have applied for our First
Patent Application under Controller General of Patent—India
9
₹ 477 Cr Sales Turnover – FY 2020-21
₹ 4.07 Cr Total Spending to Improve
EHS Performance
18,676 MTSales Volume
23.89 %Growth in Turnover 09 _ BVCPL SUSTAINABILITY REPORT 2020-21
Based on the principles of credibility, accuracy, transparency
and value addition, we make sure to have transparent
engagement with all our stakeholders, while also placing high
importance on our “Code of conduct” and business integrity.
Our Human Resource team are responsible for regular
reviews to ensure compliance with the Code of conduct and
further focusing on addressing any conflicts of interest. This
code lays down important corporate values that shapes
BVCPL’s value systems and business practices. Besides, we
have also designed a separate code of conduct for our
employees and business employees.
With robust and effective code of conduct in place, it has
become imperative for all of us to monitor its effectiveness
and address all grievances effectively through a “Whistle
blower” Policy. This gives BVCPL a privilege to raise their
concerns about improper or unethical behaviour or violation of
company’s code of conduct being followed in the organisation.
For this purpose, HR Head is acted as a Whistle-blower Officer
who is responsible of receiving and documenting any
complaints under this policy.
BVCPL has prepared , put in place and communicated
“Business Ethics Policy” to all the employees and relevant
stockholders in supply chain.
Business with Ethics & Integrity
Responsible Business with Ethics and integrity are two important values that underpin our business. These are integral to our vision to be among the world’s most trusted and successful companies.
1010 _ BVCPL SUSTAINABILITY REPORT 2020-21
Responsible Sourcing
Responsible Manufacturing
Sustainable Product
Valued Partnership
Social Responsibility
Stockholder Engagement
Nurturing Relationships Built On TrustA consistently inclusive, collaborative and responsive approach over the years has
resulted in enduring stakeholder relationships that continue to mature. These are
fuelling decision-making that is increasingly more attuned to the priorities of the
various stakeholder communities. Ultimately, this is what drives our success by
creating an atmosphere of trust.
We are committed to constructive
dialogue and engagement with our key
stakeholders. We believe that open,
ongoing and systemic communication is
key to building successful relationships
with our stakeholders. This also helps us
identify their material issues and foresee
emerging risks, opportunities and
challenges. In doing so, we follow
processes that integrate the
sustainability mindset in our efforts to
recognise, prioritise and manage
stakeholder expectations.
Our range of internal and external
stakeholders is diverse. We engage with
them through a variety of mechanisms,
including direct dialogue, surveys,
engagement at professional and industry
forums, and sharing of information
through various means and channels.
The frequency and nature of this
engagement are designed to proactively
enable reliable and transparent flow of
information on key issues.
Stockholder Group
Key Areas of Interest Methods of Engagement
Frequency of Engagement
Outcomes
Customers &
Value Chain
Partner
- Customer relations and contracts
- Quality and delivery
- Health and safety
- Sustainable products
- Product innovations
- Grievance redressal
- Proactive communication
- After-sales support
- Timely project delivery
- Anti-corruption and ethics
Customer satisfaction surveys
- In-person meetings/letters
- Social media
- Company and corporate
websites
- Product information on
packaging
- Customer relationship
development
- Customer conferences
Ongoing Maintaining
continuous strong
relationships with our
customers, ensuring
we listen to their
needs and deliver
sustainable and
innovative products
and solutions
Suppliers - Quality and delivery
- Health and safety
- Contract performance
- Local impacts
- Human rights
- Long-term association
- Creating a win-win situation
Supplier surveys
- Contractual meetings
- Tender quotations
- Information requests
Ongoing Maximizing
opportunities for us
and our suppliers
throughout our value
chain, ensuring
sustainability is
integrated into our
procurements
Employees - Business performance
- Health and safety
- Learning and development
- Employee relationships
- Career growth
- Work-life balance
- Human and labour rights
- Team meetings
- Employee satisfaction survey
- Annual performance reviews
- Forums
- One-to-one meetings
- Portal/intranet
Ongoing Improving
engagement and
communication with
employees.
Government
and
Regulators
- Compliance and taxes
- Timely responses to queries
- Potential local impact
- Health and safety
- Environment and climate
- Corporate governance
- Briefings and direct meetings
- Multi-stakeholder forums
- Industry associations
Continuous Basis Continued
improvement in
our sustainability
performance and
compliance standards
in line with
regulations relevant
to our activities
Local
Communities
- Community issues
- Potential local impact
- Sustainability
- One-to-one meetings
- Site tours
- Participation in local events
- Corporate Social
Responsibility (CSR)
Ongoing Creating strong
partnerships with
local communities,
offering opportunities
to engage with
employees and
supporting our supply
chain11
11 _ BVCPL SUSTAINABILITY REPORT 2020-21
Responsible Sourcing
Responsible Manufacturing
Sustainable Product
Valued Partnership
Social Responsibility
1212 _ BVCPL SUSTAINABILITY REPORT 2020-21
Ethics and Human Rights care are centric to our belief system.
We recognize our responsibility in respecting human rights and
treating people with dignity and respect. We protect the rights of
our team members by putting in place policies, procedures and
control mechanisms across our operations, developing efficient
and effective ethics management frameworks. As an
organization, we are strongly against child labour, forced labour
and compulsory labour of any kind; we have developed a
stringent set of policies and frameworks to enable the
identification and elimination of any such possible threats, thus
empowering us to build an ethical business.
BU
SIN
ES
S E
TH
ICS
& H
UM
AN
RIG
HT
S
Human Rights Policy:
We accord ethics and human rights as a high priority. Keeping this in mind, we have put in place
interventions to prevent child labour through thorough screening and scrutiny during hiring processes.
We have trained our security personnel to observe all individuals working within our facilities-both
employees and contract workers, to identify cases of child labour. Any identified cases are
immediately reported. All our employment contracts for workers and employees are based on
voluntary agreements.
Building a resilient business and strengthening ethical business practices, we ensure that our contracts
with business partners, vendors and other stakeholders have human rights clauses. We regularly
communicate on our ethics and human rights policies to our stakeholders through various
communication channels. All our team members are trained on the aspects of human rights.
Our Employee code of conduct guides team members in exhibiting ethical and acceptable behavior as
required by BVCPL.
In 2019-20, there have been no complaints on child labour, forced labour,
compulsory labour, sexual harassment or unethical behaviour of any
types.
Our policies strategized to protect human rights and build ethical systems
include:
Policy on Sexual Harassment:
In our venture to create a workplace where employees can work without
the fear of sexual harassment, we have developed a gender neutral policy
centered on prevention of sexual harassment. The policy titled as
“Vaisakha Guidelines” includes the provisions of “Policy on Sexual
Harassment of Women at the Workplace Act, 2013”. All our employees
go through compulsory training on prevention of sexual harassment. We
have a dedicated Complaints Committee to monitor and address
grievances of sexual nature.
Whistleblower Policy:
Our whistle-blower policy provides a transparent, two-way platform for employees to communicate their concerns or grievances regarding unacceptable, improper or unethical
practices within BVCPL. Through this policy, employees are given the freedom to communicate their concerns without informing their immediate supervisors. Our Whistleblowing
officer is responsible for monitoring, receiving and recording complaints that are part of this policy,
1313 _ BVCPL SUSTAINABILITY REPORT 2020-21
ETHICAL SUPPLY CHAIN
We work closely with all business within our supply chain to
conduct adequate due diligence checks to ensure their
standards meet and match our high ethical requirements.As
part of our commitment to ethical and sustainable business, we
developed the BVCPL Social Accountability ‘Policy.
They require compliance with national laws and International
Labour Organization (ILO) conventions and recommendations,
these requirements are communicated with all supplier along
with Purchase Order for each order placed, Below are the
Criteria conveyed to suppliers.
Supply chain sustainability is a crucial aspect to our business at BVCPL. While we develop responsible and
conscious business practises, we encourage our suppliers to conduct their business in a sustainable and of our
sustainability agenda, thus maximising impact. We hold our suppliers accountable for maintaining maximum
upstream sustainability standards. To ensure collective and holistic sustainable growth across the value chain, we
have developed strong relationships with our suppliers to collectively reach our sustainable supply chain goals.
We set stringent regulations to ensure supplier sustainability while signing contracts.
We have strategized supply chain policies for all of our RM and sustainable sourcing policy to guide us in
reaching our supply chain sustainability targets.
• Child labor
• Forced labor
• Health and safety
• Freedom of association and collective
bargaining
• Discipline
• Discrimination
• Working hours
• Wages
BVCPL requires all supplier to Demonstrate positive practices to mitigate and eliminate the risks posed by
modern slavery, forced labour and other forms of exploitation, Demonstrate rigorous health & safety standards
in line with Indian legislation (and any other countries as may be applicable), Demonstrate responsible
environmental performance in line with Indian legislation and regulatory standards, Not to discriminate on any
basis in accordance with the provisions of the Equality Act 2010 and any other related legislation, Permit
worker’s freedom of association and collective bargaining ,To adhere to all requirements regarding the
National Minimum and Living Wage (and other benchmark wage guidance, where applicable)
Principles of cooperation :- In order to ensure success, it is our policy to work with our suppliers on
the basis of Work collaboratively with our suppliers in pursuit of these standards, Ensure that our
relationship with suppliers is fair and honest, Welcome, rather than penalise, suppliers who recognise
deficiencies in their practices, and strive to implement effective remedial action and work towards
improving conditions and standards ,Focus attention on parts of our supply chain where the risk of
not meeting standards is highest, Assess suppliers to ensure they meet the requirements of our ethical
standards via due diligence checks and auditing
1414 _ BVCPL SUSTAINABILITY REPORT 2020-21
Responsible Sourcing and Supplier AssessmentAt BVCPL we have championed Social and Environmental
responsibility by developing strategies and policies aligning
with the Company’s sustainable vision. Including this in our
supply chain agenda, we have formulated procurement
guidelines that require us to audit new suppliers based on
Environment, health , safety , Ethics parameters before
bringing them on board. We have developed one of the
important policies to vouch for sustainable procurement -
“Sustainable Procurement Policy” .These policies highlight
our expectations on critical sustainability performance
parameters such as health and safety, human rights,
integrity, and environmental sustainability to name a few.
The policies have been created in accordance with
international benchmarks and best practices
Sustainable Procurement Policy:
To align with our sustainability commitment, we have
developed a Sustainable Procurement Policy ,which is an
extension of our values; applicable to all our suppliers.
We expect our suppliers to operate in accordance with
the principles as outlined in this Policy , while adhering
to all applicable laws and regulations.
In the policy, we go beyond legal compliance
requirements by drawing upon internationally recognised
standards in order to identify and define best practices
from across the globe. The policy outlines our
expectations with regards to ethics, business integrity,
human rights, health & safety, environment, the local
community, quality of product & operations, human
rights aspects like collective bargaining, child labour,
forced labour and other parameters. We periodically
review our procurement policy for improvement and to
ensure that it continues to help us move towards our
vision.
Supplier Assessment Methodology:
We have been striving hard to bring about robust policies
in place to assess our suppliers based on sustainability
criteria. In line with the key policies, we have designed
an extensive questionnaire with all our suppliers to help
us assess their sustainability. The questionnaire evaluates
the supplier based on four different parameters such as
Degree of compliance to ethics and legal requirements,
Supplier’s management maturity, Supplier’s level of
Environment, Health and Safety Performance.
Key Results of the Supplier Survey:
According to Our established Procedure , Online
Assessment in terms of Environment, Health, Safety,
Ethics , Labour Law, Human Rights aspects carried out
Once in every 03 Years. In 2019-20 We have Performed
Assessment of all the supplier.. Further to that, In FY20,
we have carried out Virtual Audit of 02 supplier to check
their compliance level. We are working closely with our
suppliers to better their performance.
Responsible Sourcing
Our raw material sourcing policy adheres to the highest
environment, social and safety standards. We assess and
monitor the performance of key suppliers on
sustainability to ensure compliance with local
regulations in chemicals procurement and follow
stringent safety practices during transportation. Our
contractors are required to follow the national labour
laws and a strict ‘No Child Labour’ policy. It is
mandatory for the contractors to receive training on
safety and health. Our Supplier Code of Conduct gives
guidance to all the suppliers on key requirements
related to sustainability.
Initiatives
• Developed alternate Renewable Solvents as an
replacement of synthetic petro base Solvent. THF is
now Completely replaced with M-THF in Grignard
Process.
• Engaging with BASF to increase the supply of
Renewable Lorol – a key raw material for producing
Hexyl Esters. Increased volume of renewable
hexanol by 10%.
Safety in Logistic:
The transportation of chemicals is done in
safe and GPS-enabled vehicles designed to
carry such chemicals. The drivers are
trained for hazard management in case of
any accidents. TREM (Transport
Emergency) cards are used for
transportation.
We have taken membership of Nicer-globe to have better control
over transportation of hazardous chemicals. An emergency
response system is established to take care of any unforeseen
incidents. Training is provided to the warehouse staff handling
and storing these materials. The safety documents such as
Material Safety Data Sheets (MSDS), the risk assessment,
compatibility study etc., are ensured before the material is
purchased at site. 15
15 _ BVCPL SUSTAINABILITY REPORT 2020-21
Product Safety and Stewardship
Our policy on Product Stewardship clearly states that our
products are to be produced, used and managed until the
end of their lives in a socially and environmentally
responsible manner to support the SDGs and our
commercial goals to position in sustainable markets. We
have a written Product Stewardship Policy and Quality
Policy circulated among all our employees. We conduct
regular monitoring and evaluation exercises, to assess
our customer needs, product knowledge sharing sessions
and to communicate extensively with our customers.
Based on our customer feedback and external surveys
and BVCPL standards, we have a design and
development process methodology to develop new
products. We also have robust procedures in place for
customer complaint handling and internal customer
satisfaction survey.
At BVCPL, since our products are exported and
marketed in the EU, there is a requirement for
adherence with REACH - a European Union regulation
concerning the Registration, Evaluation, Authorisation
and Restriction of Chemicals (REACH). Adherence
requirements include registration with the ECHA -
European Chemical Agency, providing ‘safe use’
documentation and disclosures to customers for certain
products etc. As of now, a total of Twenty One
substances are registered under REACH and we took a
Lead role and acted as Lead Registrant for one of the
Product Hydratropic Alcohol. Few More REACH
Registration are also under progress.
Product Stewardship:
Our product stewardship agenda includes leadership and
strategy; education, awareness and communication programs,
product responsibility management, reduction in toxic
substance in products and processes, extended producer
responsibility, sustainable design and engagement of
voluntary codes and standards for reducing environmental
impact.
To further strengthen our responsible business agenda, we have
acquired ISO 14001: 2015 and ISO 9001:2005 and ISO
45001:2018Currently, we have completed the external training
session on EMS and OHSAS and are further on our way to
integrate all three systems as “Integrated Management Systems”
(IMS).
Product innovation and responsible business practises are prudent to our operations at BVCPL. To develop and nurture a sustainable business, we constantly focus on innovation, excellence and quality in all the products that we deliver. We work relentlessly in conducting business in a responsible, ethical and innovative manner, inculcating sustainability into our thought processes every step of the way. As a responsible business, the safety of all stakeholders using our products is of extreme importance to us. Keeping this in mind, we conduct our business in a safe and sustainable manner for the larger benefit of the society. We are an active member of Indian Chemical Council and a signatory of Responsible Care. Our Commitment to Sustainability is Awarded with permission to use the Responsible Care Logo by the Indian Chemical Council. BVCPL is one of the Only 54th Indian Companies granted the use of the Responsible Care Logo which is given to industry leaders who contribute well towards sustainability pillars of Environment, Health, Safety, security , product stewardship and CSR.
Customer Prioritization and Sustainable business:
Customers and our employees are key stakeholders to our business. To better our performance, we continually seek the inputs of these two stakeholder groups through evaluations and surveys based on various aspects. Through channels such as employee satisfaction surveys, customer surveys, feedback surveys and market research, we regularly monitor our performance. We include feedback from key stakeholders into our business decisions and into our R&D efforts, thus helping us create a robust business with a quality product portfolio. We are the active member of IFRA(International Flavour & Fragrance and Signatories of IFRA-IOFI Sustainability Charter.
16
16 _ BVCPL SUSTAINABILITY REPORT 2020-21
ENVIRONMENTAL PERFORMANCE
We aim to conserve and reduce 10
percent of energy usage through re-
engineering, process improvements and
project efficiency.
Reduction in Energy Consumption
We envision to achieve a status of reduced
carbon emissions through effective
sustainable approach throughout the
operational activities
Carbon Neutrality
Having induced environmental sustainability as
an integral part of our business operations, we
continue to find and apply measures that can
reduce and optimise resource utilisation and
reduce emissions. As a part of BVCPL long
term goal to build a cleaner and greener planet,
we have invested in environmental
sustainability, making it a key aspect in our
manufacturing processes. We focus relentlessly
on improving productivity, energy efficiency
and maximising sustainability at our
manufacturing facilities through usage of state
of the art technologies and processes. Our
technologies and processes help us continually
monitor and analyse our environmental
footprints in various locations. Resource
efficiency and environmental impact reduction
is at the core of our sustainability strategy, all
our green targets being focused on these two
aspects.
In our efforts to invest in process efficiency and
energy management, we have invested good
amount in helping us in reaching our
environmental sustainability targets. We have
worked relentlessly to increase our renewable
energy. We pride ourselves in being compliant
with all local, regional and national level
regulations in matters of environmental
sustainability.
Our management approach to the environment
is focused on three areas: reducing the impact
of our footprint, embedding safety, health, and
environmental considerations into our
business, and providing credible information
about our environmental performance to our
stakeholders
We aim to attain a water positive
status using the concepts of
reducing, reusing and recycling
.
Water Positivity
We aim to develop robust waste
management techniques to reduce the
amount of waste entering landfills
Reduction in Waste to Landfill Zero Harm and Zero Impact to the
Environment remains our main focus from the
leadership to the shop floor, businesses and
functions, supply chains and logistics
providers.
We intend to use treated water across municipal
corporations for our process. We aspire to be water
neutral/positive through water harvesting, and ZLD
technologies, and also strive to lower our carbon
emissions significantly by increasing our
dependence on renewable energy. We are working
towards ZLD in our operations. We are committed
to achieving sustainable growth while minimizing
the impact of our operations on the environment.
We follow a carbon neutrality strategy, seek to use
resources efficiently and work to deliver value for
the society.
1717 _ BVCPL SUSTAINABILITY REPORT 2020-21
WATER AND ENERGYWater is a primal part of our operations at BVCPL; one
of our key material aspects. We primarily use water for
domestic purposes and for industrial processes such as
manufacturing, cooling, heating, cleaning etc. We are
committed to contributing to sustainable use of water
within our facilities. Our water management agenda
focuses on efficient and effective usage of water
resources at both process level, as well as domestic level.
The main source of water used in BVCPL is from the
Ground water supply .We continually monitor, review
and analyze water consumption across our operations to
understand consumption patterns. Monitoring also helps
us identify focus points, to further develop our water
management framework.
At BVCPL , we fully understand the energy intensiveness of the chemical sector, thus making
it a key material aspect to our business. All our processes are aligned to improve energy
efficiency; helping us in our vision to mitigate climate change. Our energy goals are focused
on three key parameters- use of innovative technologies, conservation of energy and
development of efficient projects. Through our Green goals, we envision to reduce more than
7 % percent of our energy consumption by the year 2020. Our key projects to manage energy
consumption include interventions to reduce the usage of renewable Fuel such as Biomass
Briquettes. Energy Efficiency being one of the key aspects of our sustainability agenda, we
have strategized various measures to reduce specific energy consumption, thus helping us
meet our green goals and targets.
In 2020-21, a total of 336.8 KWH of energy was consumed considering both the Facilities
which was 4.68 % lesser than last year consumption of 352.59 KWH. Reduction of 4.68 mt
was considered based on the production volumes
FY 19 FY 20 FY 19 FY 20 FY 19 FY 20
Energy Use Water Use Fuel Use
352
336
1.632.28 0.446
0.452
KW
H /
MT
of
Pro
duct
ion
KL
/ M
T o
f P
roduct
ion
MT
/ M
T o
f P
roduct
ion
In 2020-21, we consumed a total of 38,768 KL against production of 16,947 MT of production
which was 22.84 percent higher than the 2019-20 with the consumed water 20,523 MT against
the production of 12,589 MT of production. .
1818 _ BVCPL SUSTAINABILITY REPORT 2020-21
SUCCESS STORIES - EMISSION REDUCTION
The bio-mass boiler project, the go-green initiative, which substitutes fossil fuel with
agro-based waste, was installed during recent expansions to reduce the carbon footprint.
At BVCPL , Biomass Briquettes widely used for all the Application like steam generation
in boilers, heating purpose and drying process to replace existing conventional fuel like
coal, wood & costly liquid fuel like FO, Diesel, LDO, Kerosene etc. Use of Eco-Friendly
Briquettes fuel to save non-conventional fuels has shown very promising results.
Bio coal briquette made from peanut waste and a forth coming fuel of the world. It’s a
high excellence asset , inexpensive, ecological & progressive environmental friendly
sustainable fuel.
Biomass Briquette Boiler
1919 _ BVCPL SUSTAINABILITY REPORT 2020-21
CDP formerly the Carbon Disclosure Project. is an international, non-profit organisation providing the only global system for companies and cities to measure,
disclose, manage and share vital environmental information. Through CDP we demonstrate BVCPL’s commitment to action relating to carbon emissions reduction,
both in theory and in practice.
We aim to communicate our strategic direction, motivation, goals, development and progress relating to sustainability with our stakeholders in a transparent way. As
part of our CDP Climate Change and water submission, we report annually on greenhouse gas emissions, energy use and the risks and opportunities associated with
climate change. Since we began participating in CDP Climate Change in 2017, we have disclosed our greenhouse gas emissions and water criteria every year, in
addition to our reduction strategy and performance for both the investor and supply chain surveys.
In 2020, we have scored a C for Climate Change Performance and B for the Water Criteria which is better performance compared to Industry Average and one level
higher than what we have achieved in 2019 Assessment.
The CDP Score Report allows BVCPL to benchmark and compare our progress towards environmental stewardship against
peers, in order to continuously improve our climate change governance and stewardship
Sustainability RatingC
lim
ate
Ch
ang
e
Wat
er
2020 _ BVCPL SUSTAINABILITY REPORT 2020-21
WASTE
FY 19 FY 20
Waste to Landfill
0.02
0.019
MT / MT of Production
MT / MT of Production
FY 19 FY 20
Waste to Fuel
0.086
0.093
In the Chemical Industry, waste management is an extremely prudent aspect. At
BVCPL, we have developed a robust waste management framework to meet with
the sustainability challenges of the chemical industry. Waste Reduction is a key
aspect of our climate change mitigation agenda; all our material use and
manufacturing processes are conducted in a conscious manner to yield minimal
waste. Following the concepts of Reduce, Reuse and Recycle, we go beyond
compliance in ensuring effective waste management. The waste generated from
our facilities is well within the permissible limits required by local, regional and
national norms.
Our waste management strategy includes collection, segregation, management and
disposal. We have an in-house effluent treatment plant (ETP) to treat wastewater
generated at our facilities. The biological and chemical sludge generated from the
ETP disposed off in Landfilling.
Identified and recognized the waste stream of the product which have good
calorific value with less carbon emission. This grade of waste stream is disposed
to cement industries where it is utilized as fuel in cement kiln after co-processing
at government authorized co-processor
In 2020-21, a total of 1580.34 MT of waste was sent for co-processing
considering both the Facilities which was 45.35 % higher than last years value of
1087.24 MT.
Likewise, a total of 324.26 MT of waste was sent for land filling Considering
both the Facilities which was 28.06 % higher than last years value of 253.2 MT.
.
21 _ BVCPL SUSTAINABILITY REPORT 2020-21
SUCCESS STORIES
Co-processing of Waste
We have introduced a new metric for this current strategy period, which is the
percentage of our total waste volume (tonnes) that is used to generate off-site
energy. We Are making significant progress in our efforts to convert waste to
energy.
In order to achieve this , we have Identified and recognized the waste stream of
the product which have good calorific value with less carbon emission.
This grade of waste stream is sold out to cement industries where it is utilized
as fuel in cement kiln after co-processing at government authorized co-
processor.
During the FY 2020-21 1580.34 MT of our waste volume (tonnes) was used
for off-site energy generation which is more than double the FY 2019-20 figure
of 1087.24 mt
1580.34 MT -Total Qty of Waste
converted to Energy.
WASTE TO ENERGY REUSE OF PROCESS BY-PRODUCT
Recognition of Useful By-Product
Recognized the key composition in Aqueous waste from one of our product
Undecavertol and separated out from the process stream through adequate
washing and separation technique.
Product is produce through Grignard reaction which generate enormous amount
of inorganic salt which was the considered as unused by-product. This salt was
identified as Magnesium Chloride and having good consumption in chemical
industries. Salt is sold out to authorise end user generating the revenue out of it.
This Salts was once generated and disposed of as wastes. Markets were found,
and supplier agreement were put in place for the sale of these salts. In 2020-21,
Total 2539 MT of By Product (Waste) was identified as useful feedstock for
other industry and sold by complying the quality norms. This was 1811 MT in
2019-20 which indicates 40 % improvement .
2539
MTWaste is converted into reusable
Feedstock.
2222 _ BVCPL SUSTAINABILITY REPORT 2020-21
SUCCESS STORIES
Recycle of Process Waste
PROCESS WASTE RECYCLE RECYCLING WASTE WATER
We continue to intensify our efforts to identify our waste -recycling
opportunities. In two of our Fragrance Ingredients (Salicylic Acid Esters) called
Amyl Salicylate and Hexyl Salicylate reaction process , identified the water
waste streamline process which is recycled back to the process. Considering
both the product together , Around 482 KL/ Year of Wastewater continuously
recycled back into the process.
Recognized the key composition in Aqueous waste from Melonal and separated
out the water and salt through distillation technique. Water is recycled back to
the process and salt is sold to Authorized end user. By this way 885 KL/Year
water is distilled out recovered and recycled back into the process.
In 2020-21 , Putting all the above implementation together, around 1367
KL/Year wastewater stream recycled back to the respective reaction
996 KL
1492 KL
18
-19
19
-20
20
-21
1367 KL
Tota
l V
olu
me
of
Pro
cess
Wa
ter
Rec
ycl
ed
Company is using Treated wastewater in ETP for Chemical Preparation and
washing of Contaminated Drums.
RO reject water is used in few of the process like Undecavertol , Melonal
Etc.
0.00 KL
127.00 KL
18
-19
19
-20
140 .40 KL
20
-21
0.00 KL
2544.14 KL
18
-19
19
-20
2610.30 KL
20
-21
Tota
l V
olu
me
of
Wa
stew
ate
r R
ecy
cled
2323 _ BVCPL SUSTAINABILITY REPORT 2020-21
Dry Vacuum Pump /
Close Loop Vacuum
System
Intervention :-
➢ Earlier, we were using Water + Steam jet
Ejector, where we were consuming 45
Kgs/hr/system of steam. We have introduced
the Dry Vacuum Pump instead of
conventional Vacuum system, which is run
by Electric Power.
Impact :-
➢ There is steam saving 400Kgs/hr i. e 9600
Kg/day Steam which makes Briquet saving
of 64 MT/month.
➢ It lead to the total reduction in carbon
emission of 80,600 Kgs per month.
➢ Also, there is no steam in process, so we do
not have to withdraw water for generation of
Steam and hence there lesser water drawing
from Ground which makes water saving by
262 KL/Month.
SUCCESS STORIES EMISSION REDUCTION
2424 _ BVCPL SUSTAINABILITY REPORT 2020-21
EFFLUENT
5246 KL
5431 KL
3.51 %
19
-20
20
-21
Effluent Management is an integral aspect of our sustainable waste management
strategy. Aligned with our vision to build a water positive enterprise, we work
relentlessly to minimise effluents and maximise recycling and reusing activities
within our facilities.
We continually monitor, review and manage our effluent performance to find gaps
in the system. To manage effluents generated from our facilities, we have put in
place an effluent treatment plant. Our effluent management strategy has helped us
reduce impact on water resources near our operational areas.
We have an in-house effluent treatment plant (ETP) to treat wastewater generated
at our facilities. The biological and chemical sludge generated from the ETP is
then disposed off in Landfilling.
Combine Capacity of ETP plant of both the Manufacturing Facility is 6300
KL/Year which include 4500 KL / Y for Unit I and 1800 KL/Y for another Unit.
In 2020-21, we have treated 5431 KL of Effluent and discharged into common
Effluent Treatment Facility which was 3.51 % higher than the previous year
treated effluent qty of 5246 KL.
In order to recycle the domestic water, we have installed STP (Sewage Treatment
Plant) at our manufacturing facility. It includes biological processes to remove
pollutants. Its aim to produce an environmentally safe water, called effluent, and a
solid waste, called sludge or biosolids, suitable for disposal or reuse
Water from the admin buildings, toilets, baths, showers, canteens, sinks and
collected first in Collection tank and treated well in STP plant.
Treated water from the STP Recycled back and reused in the toilets blocks and
gardening purpose. This led to the reduction in water consumption of 1800 KL in
2020-21.
2525 _ BVCPL SUSTAINABILITY REPORT 2020-21
At BVCPL , we recognise the importance of emission management in the chemical industry, making it a key material aspect to our business . We are the
signatories to “Responsible Care” and thereby making our commitment public. We have also reported fully for the third time our carbon emissions via the
Carbon Discloser Project.
Over the past five years, we have better understood the difficulty in achieving year on- year energy reductions and Scope 1 and 2 CO2 emissions savings. Our
best opportunities for further improvements are through increased efficiency and fuel use changes, and we will focus on these areas in the coming years. We will
also install new technology to identify potential savings and explore new technologies to achieve our goals.
Our sustainability vision and our continual efforts have helped us reduce a considerable amount of emissions. To manage our carbon impact and achieve
our emission reduction goals, we have strategized a plethora of measures including interventions such as replacing fossil fuel with biomass in boilers,
utilisation of pitch in boilers to enable the reuse of organic waste as fuel and many more.
In 2017, we started to report our CO2 emissions for both scope 1(direct energy) and Scope 2(Indirect energy) from purchased electricity), Additionally ,
during 2017 , we started a project to screen our significant Scope 3 emissions( broad scope of upstream and downstream emissions).
During 2020, our CO2 emissions (Scope 1 & 2) in Tonnes per tonne of production increased 1.44 % for Scope 1 and decreased 4.66 % for Scope 2
compared to the prior year .
EMISSION – Scope 1 & 2
2626 _ BVCPL SUSTAINABILITY REPORT 2020-21
EMISSION – Scope 3
Understanding our Scope 3 Green House gas Emissions (GHGs)
Scope 3 GHS emissions are much broader than Scope 1 and 2 and can include anything from employee travel to “upstream” emissions, embodied in the products we
purchase and process, and : downstream” emissions, which are associated with transporting and disposing of the products we sell.
Since 2017, we have initiated reporting Scope 3 emissions alongwith Scope a and 2 under CDP. Assessment of Scope 3 emissions done based on the GHG Protocol and
then disclosed in CDP plateform.To understand our critical Scope 3 emissions, we calculated annual emissions
(from 1st April 2019 to 30th March 2020) from a range of upstream Scope 3
Activities, including:
•Downstream Transportation and distribution (Sold Product)
•Upstream Transportation and distribution (Purchased Goods)
•Business Travel
•Employee Commuting
The downstream Scope 3 activities such as waste generated within operations,
were excluded from the assessment (for reason of practicality and resources)
but may be included in future evaluations.
Our total Scope 3 emissions for the period FY20-21 were calculated at
27,59,066 tonnes of CO2, which is as usual greater than our Scope 1 and 2
emissions combined( for the same period) .Emissions from the Downstream
Transportation and Distribution accounted for approximately 72.57% of total
Scope 3 Emissions whereas emissions from Upstream transportation
contributing 27.42 %.Contribution of the Emissions from the Business Travel
and Employee Commuting is very minor which was 0.00001 % and 0.0018%
respectively. A summary of the main Scope 3 emissions in shown on left side .Scope 3 GHG Emissions27
27 _ BVCPL SUSTAINABILITY REPORT 2020-21
SUCCESS STORIES SUSTAINABLE PROCESS
REDUCE-
Water in Process
• To eliminate the water load to specific product stream ,Adopted the Green Chemistry Principles and Established the green method for DCPD esters which makes it Zero Water process.
• More than 9500 MT of DCPD esters producing without using single Kgs of water.
Water Load to 9500 MT Product0%
Green Chemistry
At BVCPL, we apply green chemistry principles to all of our chemical
transformations. The use of Green Chemistry principles is an essential
part of our process-development activities. We have placed particular
focus on principle of Green chemistry , covering catalysis . As a means of
achieving lower energy requirements, reduced waste and other benefits,
this principle is particularly important because it touches on several other
principles of green chemistry.
We continue to invest in areas such as catalytic chemistry organo—
inorgano and metalo or in combination to devise cleaner processes. To
better manage our overall environmental impacts, we have established
couple of environment friendly , recyclable green catalyst for some of
our salicylates group products.
A tangible benefit achieved last year which allowed us to reduce the
waste by 0.06 tonnes/ tonnes to 0.022 tonnes / tonnes of production of
salicylates which end up with the waste reduction of 63 % from this
product stream.
Similar efforts to reduce the water in product process is triggered and
Targeted to reduce the water load at least by 20 % compared to current
water load.
New Product under development are also designed in such a way that
water load to the product is minimised and subsequently process waste
water is reduce.
2828 _ BVCPL SUSTAINABILITY REPORT 2020-21
SUCCESS STORIES SUSTAINABLE SOURCING
We use approximately 03 different sustainably-produced raw materials each year to produce our renewable products at our manufacturing premises. Proportions of individual raw materials in selected product portfolio vary from year to year, depending on their availability, price, and specific market requirements. These three renewable raw material consist of Iso Amyl Alcohol , C-6 Alcohol and Methyl THF.
The 2-methyl tetrahydrofuran made from renewable agricultural by-products from corn cob waste by converting the available pentoses by acid hydrolysis which makes 2-Methyl THF a renewable one. Iso Amyl alcohol we use originated from the Fossil Oil / Molasses and the source of Palm oil / Coconut oil makes C-6 Alcohol a perfect renewable raw material.
In FY 2020-21, around 5.81% of the raw materials we purchased worldwide were from renewable resources which includes 1058 tonnes of C-6 , 55.42 tonnes of Methyl THF and 389 tonnes of Iso Amyl Alcohol.
Renewable Raw Material
2929 _ BVCPL SUSTAINABILITY REPORT 2020-21
INCLUSION , DIVERSITY AND OUR PEOPLEWith the nature of employment evolving and employees embracing remote working – accelerated by the COVID-19 pandemic — it is important to know how to best manage and engage an
increasingly distributed workforce.Other developments, such as an abundance of data and the need to embrace greater inclusion and diversity, are also reshaping the workforce. Companies are
responding to these trends by investing in the development of employee skills, implementing internal policies, and working to attract and retain a more diverse workforce.
The mine of the future requires increasingly
advanced skills and training, and leading
companies recognize that a high-
performing, innovative, diverse and
inclusive workforce is linked to business
value. At Teck, we know that supporting a
diverse, safe and engaged workforce is
foundational to our business. Although we
faced increasingly challenging market
conditions due to the COVID-19 pandemic,
we remained focused on operating safely
and responsibly maintaining employment
and economic activity to the extent possible
during this time. As such, there have been
no redundancies of any BVC employees as
a result of COVID-19.
At BVCPL, we are cognizant of the
importance of developing a diverse and
inclusive workforce. Diversity is one of
the core components of our people
philosophy. We have institutionalized
diversity and inclusion into our
employment processes- meritocracy,
fairness and ethics being the pillars of our
people management strategy. We believe
that workplace diversity is a vital
component in building an enabling and
empowering workplace.
Keeping this in mind, we do not
discriminate our current or prospective
employees on the basis of nationality, race,
caste, gender, gender identity/expression,
physical ability, religion, colour, sexual
orientation, disability, age or marital status
. In our agenda to foster an inspiring
workplace, we provide equal opportunities
to all team members. We continually put in
place several initiatives to further
strengthen our diversity and inclusion
framework.
Employment is a key material aspect to our
business operations; our robust employment
framework helps us in creating and
nurturing, inspiring workplace with
expertise from various fields. We continually
attract, develop and retain the best talent in
the industry. We strive to uphold the
BVCPL’s 20 year legacy by developing a
company built on a foundation of trust,
integrity and respect for others.
Our employment agenda provides ambitious,
unparalleled growth plans and career
opportunities for our talent. Through career
opportunities, benefits & rewards and our
training & development programs, we
develop a workforce comprising of
passionate and rounded individuals. We
encourage our team members to perform to
their full potential by creating an enabling
workspace for them.
Nurturing Culture
Developing an empowering work
culture letting our talent grow as we
grow.
Tough love
We encourage our team members
to challenge themselves,
recognising high potential
employees.
Whole self
We support our team members in
developing their whole self, thus
creating passionate and rounded
individuals with diverse interests.276Employee
Strength
257 19
3030 _ BVCPL SUSTAINABILITY REPORT 2020-21
LEARNING AND DEVELOPMENT
We are committed to providing our employees
with opportunities, experience and training to
grow their knowledge, skills and capabilities
and realise their full potential. Individual
aspirations are catalysed by encouraging
employees to work with their line managers to
devise personal development plans, in
alignment with BVCPL’s objectives.
Our training initiatives enable our people to
develop personal skills, think strategically,
support managers in team development, assist
those in charge of key operations, and improve
procedures and processes. Training needs are
rigorously identified and delivered through
internal and external workshops as well as
online modules. This is included in the
Company’s training calendar and helps us
systematically improve the quality of our
workforce.
Core Managerial Skills Programme
The Core Managerial Skills programme is designed
exclusively for department heads. The programme
intends to make department heads more effective in
their existing roles by offering the requisite managerial
skill sets and perspectives.
We are conscious of the importance of training and development in improving
skillsets of our team members. Efficient training helps employees grow,
eliminates inefficiency and increases productivity. Our approach to training and
development focuses on combined growth, catering to organizational
requirements as well as individual developmental needs of our team. Our
comprehensive training and development programs are charted based on industry
requirements and role based requirements.
Working on a business philosophy entailing the 70-20-10 principle, we believe
that:
70 percent learning happens on the job
20 percent learning happens through acquired feedback, coaching & mentoring,
10 percent learning, happens through training, executive programs and online
learning programs.
Learning and Development programs are overlooked by supervisors who play a
pivotal role in laying out the training calendar and facilitating the training
programs. Our training agenda includes capability building, competency
building and skill building trainings. Through structured career discussions and
individual development plans, we have developed a robust training framework,
catering to end to end training requirements. The training programs we
conducted this year:
• Training on Environment Issues
• Safety Induction
• Fire Safety Training
• Chemical Hazards and Safe Handling
• EHS and Safety induction
• Behavior safety
• Fire fighting and emergency control
• First aid
• IMS awareness
• Mock drill
• On the job process training
FY 19
4.20
FY 19 FY 20
0.25
0.37
Average Number of
Employees Attending
Training / Day
Average Hours of
Training / Day
12.3
FY 20
31 _ BVCPL SUSTAINABILITY REPORT 2020-21
HEALTH AND SAFETYWe believe the best way to ‘improve our safety’ is to create and nurture a work environment
where everyone is trusted, valued, has a voice, contributes and supports to achieve safety
excellence. Everyone shares information, experience, resources, knowledge, time and effort;
participates in problem solving; and is responsible and empowered to do their work.
Our safety policy, safety
principles and integrated safety
management system work
towards achieving a common
goal of ‘Zero Harm’.
We conduct regular performance
reviews, test procedures and raise
awareness through open
communications as part of our
commitment to further improve
our health and safety
management.
All our employees are provided
safety training as part of the
induction programme. The safety
training
also covers our contractual
workforce. We devise our safety
agenda on an ongoing basis to
inculcate a culture of safety
across the organisation. The
health and well-being of our
people directly impacts our
business success. We encourage
our employees to prioritise health
and avoid stress. We have
instituted a robust safety
governance system. The highest
governance body in the
organisation is the OH&S Board,
chaired by the Managing
Director, which reviews
our safety performance and
provides guidance on a regular
basis. Also, there are apex
committees headed by the CEO.
The apex committees are
supported by sub-committees,
chaired by respective functional
heads and/or senior department
heads.
Sub-Committee Roles of Sub-Committee
Safety Leadership & Culture
• Develop a working action plan.
• Develop, implement and continually improve
safety observation and engagement process.
• Identify opportunities for integration of safety
management system
Critical Risk
Management
• Establish and implementation control over action
group of working at height, Electrical & LOTO,
Cranes & Lifting, Vehicle& Driving
Process Safety Management
• Review of Process Safety Incidents
• HAZOP for Critical P&IDs
• Process Hazard Analysis (PHA) Studies
• Risk Governance for High Risk Scenarios
• Process Safety Information (PSI) Implementation
Training &
Competency
• Conduct training need identification
• Source internal trainers to impart knowledge
to future trainers
• Address all gaps discovered in training need
• identification processes
Operational Control and Discipline
• Develop, review, implement and communicate
safety standards, rules and procedures
• Identify areas where standards and procedures
need to be evolved and inform the Board-level
sub-committee
• Implement audit protocols for all standards at
each line function
Contractor Safety Management
• Ensure safety capability building
• Conduct Contractor Field Safety Audits (CFSAs)
• All contractors go through mandatory
Qualification scanning, safety induction.
• Creating Safety Awareness amongst all contractor
The Safety Governance Structure
has resulted in an increased
involvement, ownership and buy-in
from sub-committee members and
an understanding that safety is
everyone’s responsibility, with the
line function at the forefront of the
safety management system.
3232 _ BVCPL SUSTAINABILITY REPORT 2020-21
EMPLOYEE PARTICIPATION AND ENGANGEMENT
At BVCPL, we recognize the crucial role our talent pool plays in our success. We provide training and career advancement opportunities, reward fairly and encourage direct feedback to senior
management in a supportive and meritocratic work environment that emphasizes employee well-being and promotes a healthy work-life balance.
Employees are one of our key stakeholder groups.
Happy, healthy and engaged employees are crucial
to our sustainability objectives. Our employee
engagement survey serves as a catalyst and enables
them to voice opinions and provide feedback to the
management. This allows managers to undertake
any actions to improve the performance of their
teams. Every employee undergoes regular, formal
performance and career development reviews, and
we encourage managers to have frequent informal
developmental conversations with their team
members.
Committed to championing business growth as well
as growth of our team members, we have developed
a workplace embracing two way communication
channels to increase transparency and fair
communication. At BVCPL, employee engagement
is conducted continually through the use of various
channels, both online and offline.
Our communication platforms with employees
include various mediums- open houses with senior
leaders, town halls, employee engagement surveys,
HR connect sessions and many more, Safety
Committee meetings, Mock drills, Training sessions,
etc.., Our employee engagement measures have
helped us encourage and retain our talent,
decreasing turnover to a great extent. Engagement
activities also motivate employees to better their
performance.
At BVCPL , we continue to foster, develop and nurture
a high performance culture by recognising,
compensating, and rewarding individuals for their
performance and contributions through performance and
career development reviews. We have developed a
system enabling us to monitor performance of
individuals, to determine development areas and
training requirements. During Performance reviews,
strengths and development areas of key personnel are
systematically identified and individual development
plans drawn up. The continuous training of employees
within the framework of the internal talent management
process ensures well-functioning succession planning
for important positions within the company. 100 percent
of BVCPL Employees undergo regular performance
reviews.
SNAP & EFFECTIVE ENGANGEMENT
PROGRAM
Under the Safety Transformation journey under the
guidance of ERM, we have recently launched
SNAP(Scan, Notice, Analyze, Prioritize) & Effective
Engagement program. This program has provided a very
good platform for recognizing unsafe situation and act by
the concept of SNAP and subsequently making effective
engagement with respective process owner who involved
in unsafe conditions or act. The person who got engaged
initially make sure to engage with another for safety
improvement and by this way whole cycle of safety
engagement is established which create safety culture
more powerful and effective.
3333 _ BVCPL SUSTAINABILITY REPORT 2020-21
The Company provides a conducive work environment for employees to realize their potential and contribute to its growth. The strong commitment of employees enables the Company to overcome
challenging business and economic situations and emerge stronger.The Company strongly believes and nurtures the culture of innovation, performance, collaboration, transparency and openness.
Rewarding Human Capital
At BVCPL, we understand the important role employee benefits play in helping us reach
our organizational goals. We foster a culture of excellence within the organization by
offering an excellent benefits package to our team members. With a firm belief in
recognizing individual capabilities, our rewards program includes aspects such as
competitive pay packages, benefit programs as well as perks. Our benefits agenda is a
major part of our people management strategy, advantageous to both our business growth,
as well as the growth of our team members. The agenda helps us in increasing employee
retention and reducing turnover rates, also improving the quality of work provided by our
team. Our benefits package comprises of the following components
Medical Benefit Scheme:
The scheme covers all BVCPL Employee , in case of any medical emergencies.
Group Term Insurance:
The scheme covers all our Head of the Department of organization..
Maternity Scheme:
To provide full support to our women team members, we offer maternity benefits (6 month
leave) comprising our multiple “return to work” options including provision of flexible
work timings, work from home options and part time options for 6 months post the leave.
Paternity Scheme:
Our parental leave covers paternity leave; we provide leave for two working days for male
team members, that can be availed in two instalments up to 2 months after the birth of the
child.
EHS Safety Recognition Award:
This award recognizes the outstanding performance of employee towards fostering and
promoting Environment, Health and Safety issues in the workplace.
Employee welfare of Best Value Chem Private Limited includes monitoring of working
conditions, creation of industrial harmony through infrastructure for health, industrial
relations and insurance against disease, accident.
•We Provide better physical and mental health to workers and thus promote a healthy
work environment
•We provide loan to employees as and when required.
•Coverage in Employees' Provident Fund Scheme
•Payment of Bonus
•Payment of Gratuity
•Safe hygienic drinking water
•First aid appliances & occupation health center with male nurse availability 24X 7 and
visit of Doctor every week & availability of Ambulance 24X 7.
•Adequate Latrines and Urinals
•Changing & lockers rooms for employees
•Medi-claim Insurance Scheme & Personal Health Care (Regular medical check-ups)
•Suggestion scheme and awards.
•Employee Assistance Programs & knowledge upgradation and enhancement: assistant
programs are arranged like external counselling service so that employees or members
can get counselling on various matters spoken English & personality development
course, certificate courses. etc.
•Free transportation facility for employees in all the shifts.
•Productivity linked incentive schemes to all employees
•Uniform, T-shirt, Winter jackets, shoes& soap to employees.
•Arrangement of Picnic, Sport Day celebration, Festival celebration, Happy hours
arrangement once in every month.
Employees welfare of BVCPL employees includes various facilities, services and
amenities provided for improving their health, efficiency, economic betterment and
social status.
34 _ BVCPL SUSTAINABILITY REPORT 2020-21
Social Initiatives
Driving Inclusive
Growth AgendaAs part of the BVCPL, we believe in directing resources to
help people improve their lives. We consider the community
around our operations as key stakeholders and believe in
promoting inclusive growth. Through our engagement
programs, we understand the community’s expectations of
better health and hygiene facilities, more local employment
opportunities, better educational and infrastructural
amenities, etc.
CSR Vision
TO NURTURE THE VALUES OF COMPANY AND CONTRIBUTE, FACILITATE , EMPOWER THE PEOPLE & COMMUNITY & THEREBY NATION AS A WHOLE.
TO ACTIVELY CONTRIBUTE TO THE SOCIAL AND ECONOMIC DEVELOPMENT OF THE COMMUNITIES IN WHICH WE OPERATE IN LINE WITH THE UN SDGs. IN DOING SO, BUILD A BETTER, SUSTAINABLE WAY OF LIFE FOR THE WEAKER AND MARGINALISED SECTIONS OF SOCIETY AND RAISE THE COUNTRY’S HUMAN DEVELOPMENT INDEX.
Our CSR work is being carried out under
the aegis of the BVCPL for Community
Initiatives and Rural Development, WITH
CSR Committee. The Centre provides
strategic direction and identifies the thrust
areas for our work, ensuring performance
management as well.
Key Pillars
• Education
• Healthcare
• Sustainable Livelihood
• Infrastructure Development
Being an responsible Organization,
we at BVCPL are cognizant of the
importance of CSR activities in
improving the livelihoods of our
communities. Giving back to the
communities is a crucial part of our
business development strategy.
During FY20, we invested 61.71
Lakhs on CSR activities, mainly on
education, healthcare, environment
and livelihood, rural development
projects, social empowerment, etc.
Education
SDG 4 — Providing inclusive and equitable quality
education, and lifelong learning opportunities for all
Education is a great leveller. It empowers everyone to lead
a decent life. Education helps in the holistic socio-
economic development of an individual, which in turn
contributes to the nation’s progress. Through the schools
in and around our facilities, we have provided smart TV
with digital connection for virtual learning programs of
students
Digital Connection to School
35 _ BVCPL SUSTAINABILITY REPORT 2020-21
Healthcare
SDG 3 — Good Health & Wellbeing
We are committed to providing quality
healthcare facilities to the communities around our manufacturing locations,
with special focus on health hygiene of woman
Health Hygiene program for woman’s at karakhadi village is
organized which covers the distribution of sanitary pads,
installation of vending machine and incinerator(Sanitory pads
disposal unit)
SDG 2 — Zero Hunger
2 Years of COVID 19 was very critical in terms of employment and people for villagers
and needy to get their hunger fulfilled. In order to make sure surrounding villagers get sufficient food for their daily needs organized food distribution program at multiple location surrounded the company. Food kit distribution during COVID-19 for Households of Moxi &
Karakhadi village
Sponsorship of Garbage collection Van forMoxi Village under health and Hygieneprogram
Resources for digitization for Primary Health Centre
– Karakhadi Village
Health – Facilitation of Beds for Covid
Patient at Karakhadi Village Health
Centre
36 _ BVCPL SUSTAINABILITY REPORT 2020-21