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- ESG Components of BRSR:
- Categorized into Environment, Social, Governance.
- Interlinked principles.
- Environmental protection linked to stakeholder engagement and inclusive growth.
Principle 1 – Ethics, Transparency and Accountability: Ensure business decisions are transparent and
accessible.
- Transparency and Disclosures:
- Develop ethical policies, procedures, and practices.
- Share information on these practices with stakeholders.
- Ensure transparent disclosures during adverse effects.
- Engagement and Accountability:
- Encourage value chain entities to adopt these principles.
- Address external entities violating the BRSRs.
Principle 2 – Safe and Sustainable Goals and Service: Ensure operations result in a better life for
consumers.
- Resource Optimization and Education:
- Minimize resource usage in product design.
- Educate consumers about their rights.
- Sustainable Practices:
- Implement sustainable consumption, reduce, reuse, and recycle.
Principle 3 – Promote well-being of all employees: Address dignity, health, well-being of employees.
- Legal Compliance and Respect:
- Ensure regulatory compliance for employees.
- Respect employee dignity and freedom of associations.
- Safety and Well-being:
- Prevent child and involuntary labour.
- Maintain work-life balance.
- Ensure timely wage payments.
- Living Standards and Development:
- Wages should meet living standards.
- Create a safe, hygienic work environment.
- Focus on skill and career development.
- Ensure a harassment-free workplace.
Principle 4 - Respect for stakeholders’ interests and responsiveness: Engage with stakeholders
transparently.
- Transparent Communication and Inclusion:
- Transparently communicate impacts to stakeholders.
- Determine operational context and identify stakeholders.
- Equitable Sharing:
- Share benefits equitably with stakeholders.
Principle 5 - Respect and promote human rights: Address human rights in business operations.
- Legal Understanding and Integration:
- Understand human rights from various legal perspectives.
- Integrate human rights into policies.
- Rights of Stakeholders:
- Respect rights of all stakeholders and groups.
Principle 6 – Protection and restoration of Environment: Emphasize environmental responsibility.
- Holistic Impact and Resource Optimization:
- Address environmental impacts holistically.
- Optimize use of natural resources.
- Performance Monitoring and Best Practices:
- Monitor performance against environmental metrics.
- Compare activities with best industry practices.
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