Mumbai – The Global Reporting Initiative (GRI) has awarded A+ level to Reliance Industries Limited’s Sustainability Report 2011-12. This is the seventh year in a row RIL has received the highest application level on sustainability reporting. RIL is also the first Indian company to adhere to the GRI 3.1 Oil & Gas Sector Supplement, released in February 2012.
RIL has received the coveted rating this year for its report titled “Partnering India’s New Future. Sustainably”. The company adheres to all sustainability reporting guidelines and allocates sufficient resources towards its environmental stewardship, product responsibility and social institution building efforts.
The report was presented to GRI, Amsterdam, the Netherlands, for application level check, as per the new GRI 3.1 Guidelines. RIL’s report also takes into account guidelines laid down by the American Petroleum Institute and the International Petroleum Industry Environmental Conservation Association. The report is also aligned with the National Voluntary Guidelines for Social, Environmental and Economic Responsibilities of Business, released by the Ministry of Corporate Affairs, Government of India, in November 2011.
The Global Reporting Initiative (GRI) is a non-profit organization that promotes economic, environmental and social sustainability. GRI provides all companies and organizations with a comprehensive sustainability reporting framework that is widely used around the world.
About RIL
Reliance Industries Limited (RIL), the flagship company of Reliance Group, is a Fortune Global 500 company and an Indian conglomerate. The Reliance Group, founded by Dhirubhai H. Ambani (1932-2002) and headquartered in Mumbai, is India’s largest private sector enterprise, with businesses in the energy and materials value chain. RIL has a turnover of INR 339,792 crore (US$ 66.8 billion), cash profit of INR 31,994 crore (US$ 6.3 billion) and net profit of INR 20,040 crore (US$ 3.9 billion) as on March 31, 2012. For more information, visit www.ril.com.
Source: RIL.
