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IndianOil perceives sustainable growth as an
opportunity to enhance its business processes and
practices, enabling it to positively impact its entire
scope of business. The Corporation’s values drive the
belief that responsible businesses can be profitable,
leading to investments in the technologies & products
and new energy infrastructure that will help shape the
low carbon future.
We see sustainable business practices as a defining
element of competitiveness to maintain the
Corporation’s status, equity and standing, both in the
market and in the society in the coming decades. Our
attention is on what we produce; how we buy and sell;
how we affect the environment; how we recruit, train
and develop our own people, how we invest in the
community and respect the rights of people. IndianOil
endeavors to develop its group businesses to deliver
long-term strategic benefit and shareholder value by
maximising synergies that sustainable development
provides.
Our societal obligations stood out even in our formative
years, while we supported the mission of the defence
forces to preserve the integrity of the nation, kept the
home fires burning in rural India, fuelled major
transport undertakings and worked on being a
`national trust for economic prosperity.’ The same
obligations continue with renewed vigour, as we strive
year after year, to grow our business to meet the
Nation's energy needs, and at the same time increase
stakeholder value, exploring the prospect of alternative
fuels and engaging people for optimum utilization of
energy.
The Sustainability Report 2008-09 showcases the
significant economic, environmental and social factors
that impact the way IndianOil does business. This report
attempts to throw light on the dynamic business
scenario and challenges faced by the Corporation. You
may visit the corporate website www.iocl.com to
peruse IndianOil’s Annual Report for the year 2008-09.
This report is being tabled to take along our
stakeholders on the relentless journey of IndianOil to
bring in an optimisation process that takes into account
all significant economic, environmental and social
issues.
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