VALUE THROUGH INNOVATION

“We have identified Ten Missions to address
challenge of being a responsible steward and
constituted 10 mission teams. At ITS, we have
a sustainability team led by the champion
and mission team leaders. We have developed
policies covering all material sustainability
aspects and have management systems in
place that follow Plan-Do-Check-Act cycle.
Most importantly, deployment of our policies,
management frameworks and performance is
internally and externally audited at least once
in two years.”
“We will embed sustainability trends into
our strategic business plans to minimise the
risks and find new opportunities that will be
presented by the requirements of a sustainable
planet and society by 2030 and 2050 and make
our businesses sustainable.”
sustainability KPIs, we note with pride that our approach and efforts
in hygiene, health and safety are yielding significant results.
We have strengthened our stakeholder engagement with
communities, regulators, suppliers and customers and continue with
our good practices of engaging with employees. We believe that
periodic structured engagement with stakeholders to understand
their concerns, perspectives and plans are essential for sustained
partnership. We desire to scale up the engagement to collaboration
and co-creation with stakeholders. We have targeted to create
number of collaborative projects with suppliers, customers and
communities by 2017.
We recognise that grievance redressal mechanisms for stakeholders
other than employees and whistlblower mechanism requires
strengthening. Absence of recorded grievances and whistles
b l o w n , d e m o n s t r a t e t h a t t h e m e c h a n i s m r e q u i r e s s t r e n g t h e n i n g
in-communication, awareness and independence & integrity
of redressal process. In this reporting period, we have begun
engagement with select stakeholders to gauge external changes that
will inevitably impact our companies in the future. Our goal is to build
strong relationships with our stakeholders and key technical experts
on climate change, water and waste management, developments in
human rights legislation, safety standards, health impacts and the
like.
We will embed sustainability trends into our strategic business
plans to minimise the risks and find new opportunities that will be
presented by the requirements of creating a sustainable planet and
society by 2030 and 2050 respectively. Our report is a critical part of
our accountability to our stakeholders. We hope we have addressed
their concerns and expectation. This communication and further
engagement will pave the way for increasing sustainability of our
business.
Dr. Jagadish Barik
INDO THAI SYNTHETICS SUSTAINABILITY REPORT 2016 | 12