- Sustainability
at IndianOil - Caring For
Environment - Economic
Performance - Giving Back
to Society - Promoting
Safety - Sustainability in
Supply Chain - Product
Responsibility - Ethics &
Human Rights - Featured
Stories
Approach to Sustainability
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 Company’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. 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 maximizing synergies that sustainable development provides.
Our societal obligations stood out even in our formative years, while we supported the mission of the Defense Forces to preserve the integrity of the nation, kept the home fires burning in rural India, fueled 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.
Driving Sustainability in IndianOil
IndianOil is committed to integrate its sustainability initiatives into business strategy to continue to grow as an environmentally responsible and socially inclusive organization. IndianOil has formed a Board Committee on Corporate Social Responsibility and Sustainable Development (CSR&SD) at the apex level, which guides and monitors the initiatives related to Sustainability & CSR. The ‘Alternate Energy & Sustainable Development’ Group, formed at the corporate level, under Planning & Business Development vertical, implements action plans to address the environmental issues viz. climate change, global warming, etc.
Caring for Environment
Climate change is a global concern. As national Oil & Gas major, IndianOil realizes that its’ business operations and petroleum product offerings have an adverse impact on the environment. As a responsible corporate citizen, the Company takes onus to mitigate its ecological footprint and to help the supply chain & society lower their environmental impact.
Economic Performance
In an effort to meet the nation’s energy demands and be the Energy of India, IndianOil has developed its long-term strategic approach to optimize synergistic value creation for its stakeholders while mitigating future risks. The company’s strategy lays emphasis on keeping pace with the dynamic business scenario being agile and responsive in adapting to global and domestic market trends and maintaining its leadership position in the market.
The company’s strategic intent is to be a future ready organisation, to be able to exploit emerging opportunities and mitigate potential risks to accomplish this objective. IndianOil nurtures a culture of innovation and technological advancement and at the same time leverages its core competence in infrastructure and reach to stay competitive in the market. The company also fosters a conducive environment for research and innovation to enhance efficiency, reliability, productivity and safety in its business operations. IndianOil is committed to providing energy access to the rural population through enhancing its geographical reach. The company is making significant efforts to usher in clean and green energy alternatives to mitigate the risks of global warming.
Giving Back to the Society
As a responsible corporate citizen, IndianOil undertakes a number of social welfare and community development programmes. With pan India presence, IndianOil undertakes CSR activities across the country, from Leh in J&K in the North, to the North Eastern States, to the aspirational / backward districts/ naxal affected areas, to Gujarat in the west and Tamil Nadu/Kerala in the south. The local gram panchayats, district administration, NGOs and social workers are involved to ensure maximize the outcome of the CSR projects.
Promoting Safety
IndianOil’s commitment to safe work places is reflected in the well-established, world-class safety management systems at all its operational locations. Safety management is an integral part of management ethos of the company and the highest priority is accorded to safety & occupational health.
Sustainability in Supply Chain
IndianOil undertakes various measures to reduce environment impact and promote social values in its supply chain. The company strives to extend its sustainability culture to its vendors and business partners which in turn helps them to run the business responsibly.
Product Responsibility
IndianOil has been continuously improving its product offering by focusing on efficiency improvements. IndianOil balances its products so that they match up to customer requirement for fuel quality, efficiency and lower emissions, while maintaining wide scale availability and affordability.
Ethics & Human Rights
At IndianOil, every person is recognised to have a right to life & liberty, freedom from slavery & torture, freedom of opinion and expression, right to work and education, amongst others. IndianOil conducts business on the basis of its core values and support universal human rights for employees and communities. IndianOil prohibits child labour, forced labour and discriminatory behaviour and also ensures that its business partners also comply in their organization. Initiatives like allotment of dealership/ distributorship, petty contracts, CSR initiatives, etc. are regularly undertaken for upliftment of the disadvantaged, vulnerable and marginalized external stakeholders.
To conserve the flora & fauna, IndianOil has developed greenbelt at large operating locations. The Company undertakes extensive tree plantation across locations every year. 33% green cover is maintained at smaller installations and plant sites. These scientifically designed green belts / eco-parks act as pollution sinks, maintain local flora & fauna and enhance aesthetic look of the refinery area. A large number of migratory birds have made these green belt areas, their habitat. The water ponds developed in some of the eco-parks nurture native fish species.
Bongaigaon Refinery maintains an ‘Herbal and Orchid Garden’ named ‘‘Nandan Kanan”, which is spread over an area of 1.84 acres. The garden has been developed for conservation of rare varieties of herbs & orchids available in the North Eastern region. The garden has more than 150 varieties of herbs and more than 40 varieties of orchids.
Retail outlet solarization is one of the company’s initiatives which has been a major breakthrough in greening IndianOil’s supply chain. Under this initiative, IndianOil has promoted use of off-grid / localized solar energy to replace conventional power sources, in its retail network (fuel stations). The initiative helped the retail outlets in rural areas to do business activities beyond sunset and also improve their profitability by reducing the cost of operating diesel genset.
IndianOil launched the start-up scheme to promote promising start-ups and nurture an eco-system conducive for innovations in the domestic hydrocarbons sector. Driven by IndianOil's Research & Development Centre at Faridabad, the scheme is designed to support projects that aim to establish innovative technology and business process re-engineering ideas with significant business potential, social relevance and focused on environment-protection related to Oil & Gas Industry
IndianOil has been yet again voted a Great Place to Work for the year 2019. The company has been recognized as one of India’s Best Workplaces and ranked 29th on the list featuring business, academia and government organizations in the country.