Page 31 - Balmer Lawrie Sustainability Report 2022_Single Pages

Ethics & Integrity
Compliance, disclosure and responsible and ethical
business conduct is of paramount importance. Our
sustainability approach is based on the principles of
transparency and accountability. Our Policies and Code
of Conduct provide clear guidance on how we conduct
business and this applies to everyone who works with us.
“Conduct, Discipline and Review Rules for Executive &
Non- Unionised Supervisors” define the ethical and
disciplined approach of the Company to maintain an
ethical and disciplined environment. This applies to
Executives and Non-Unionized Supervisors. The
Enterprise Risk Management policy, HSE and
Sustainability policy, CSR policy, Whistle-blower Policy
and Prevention of Sexual Harassment at workplace policy
regulate our activities and help us to achieve our
sustainability goals. is dealt with expeditiously for corrective and preventive
action, including disciplinary action against erring
Code of Conduct employees. We have a robust vigil mechanism that
empowers employees to report management instances of
Our Code of conduct is an expression of our collective unethical behaviour, actual or suspected fraud or violation of
duty of caring for our planet in the way we respect the Company’s Code of Conduct. We provide channels for
environmental laws and take action to preserve and all our stakeholders to report unethical behaviour or any
enhance our global environmental stewardship. It lays the violation of the Code. The Vigilance Department proactively
foundation for building the future together with our works along with the Businesses / Functions to enhance
stakeholders and value-chain partners through ethical transparency and good governance in the organisation. We
behaviour and fair operating practices. We strive to also protect the identity of the individual who reports a
maintain the highest ethical stand encompassed by our concern or assists with an inquiry or investigation. This
Business Principles, Code of Conduct and other internal responsibility lies with the Chief Vigilance Officer (CVO).
policies. We have implemented employee training,
protocols and reporting mechanisms to help prevent Through our vigilance mechanism, we endeavour to
behaviour that is not in line with our Business Principles, eradicate corrupt practices and encourage a culture of
Code of Conduct and other internal standards. transparency and probity in the Company. The main
thrust of the vigilance function is in the area of proactive
We have institutionalized our “Fraud Prevention Policy”. and predictive vigilance. This helps in maintaining the
The policy provides for the detection, reporting and highest level of integrity, ensuring good governance which
prevention of fraud, whether committed or suspected. ultimately leads to the maximization of shareholder value.
This has been done in pursuance of the Company’s motto
to nurture a culture of zero tolerance for fraud or
fraudulent conduct. Grievance Redressal
Balmer Lawrie believes that corporate governance and
Vigil Mechanism & Whistle Blower Policy sustainability are inextricably linked, and that
accountability, business ethics, transparency and integrity
We have a Whistle Blower Policy as a vigil mechanism for are critical components of the sustainability journey. A
the Directors and the employees including outsourced, healthy workplace and an accountable and responsible
direct contract, fixed term contract, trainees, retainers, organisation require effective modes of registering
etc. to report unethical behaviour, fraud, or violation of the concerns and grievances freely, as grievances impact
code of conduct. relationships among multiple internal and external
stakeholders. As a result, Balmer Lawrie has established
Issues relating to corruption, dishonesty or unethical dedicated channels that allow all its stakeholders to voice
behaviour are looked upon and any instance of such nature their concerns directly to the Company.

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