RIL's
Sustainability Reporting Initiative
"We have embraced sustainability as our core business strategy. We believe sustainability is the very foundation of lasting success. We will use sustainability principles to drive process innovation, new product development, improving manufacturing efficiencies and reducing material and energy consumption. This commitment is backed by active initiatives on the ground.”
Mukesh D. Ambani
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RIL commenced reporting, annually, on its triple-bottom line performance, from FY 2004-05. All its sustainability reports are externally assured and are GRI checked. The maiden report received ‘in-accordance’ status from GRI and all subsequent reports are ‘GRI Checked A+’ application level reports.
RIL’s maiden sustainability report, titled ‘Life’, is the first sustainability report from the Indian Oil & Gas sector and was based on the internationally accepted Global Reporting Initiative's (GRI) Guidelines 2002. Subsequent reports were based on G3 guidelines - the set of sustainability reporting guidelines launched by GRI in October 2006.
From FY 2006-07, in addition to referring GRI G3 guidelines, RIL refers The American Petroleum Institute / The International Petroleum Industry Environmental Conservation Association’s (API/ IPIECA) guidelines and The United Nations Global Compact (UNGC) principles and have aligned its sustainable development activities with the ‘Focus Areas’ of The World Business Council for Sustainable Development (WBCSD). Further from the FY 11-12 , RIL adheres to the GRI 3.1 Guidelines including the Oil & Gas Sector Supplement and is aligned with the National Voluntary Guidelines on Social , Environmental and Economic responsibilities of business.
RIL articulates its Sustainability Vision, Mission & Values, the Sustainability Strategy and Road Map in its report for FY 2007-08
| Financial Year |
Title of the Sustainability Report |
GRI Application Levels |
| 2011-12 |
Partnering India's New Future. Sustainably. |
GRI Checked A+ |
| 2010-11 |
New Businesses. New Technologies. New Partnerships. |
GRI Checked A+ |
| 2009-10 |
Think Sustainability, Think Transformation, Think Reliance |
GRI Checked A+ |
| 2008-09 |
Transforming Tomorrow, Today. |
GRI Checked A+ |
| 2007-08 |
Transforming Life, Redefining Tomorrow. |
GRI Checked A+ |
| 2006-07 |
Small Acts, Big Impact. |
GRI Checked A+ |
| 2005-06 |
My Reliance, My Life. |
GRI Checked A+ |
| 2004-05 |
Life |
In-Accordance |
Commitment :
Recognition :
Amongst 'India's 10 largest companies by market capitalisation', International Finance Corporation (IFC) [Word Bank Group] has rated RIL's Sustainability Report's reporting quality as "good" - the highest rating given in this report, in 2009.
RIL is the only Indian company to get a perfect score from CLSA Asia-Pacific Markets (CLSA) in a list of Asia's best companies in terms of CSR and termed the Company as the region's 'corporate good guy'. In its 'Ethical Asia' 2010 report, CLSA has named RIL among its top picks for providing very good data and going well beyond required disclosure.
RIL was awarded the prestigious National Golden Peacock Award 2011 for its outstanding contribution in the field of corporate sustainability.
Feedback :
We value your suggestions and invite your feedback on RIL's Sustainability Reports. Please e-mail your suggestions / views / opinions to us at sustainability.report@ril.com
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