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Business Responsibility Guidelines for Coke based Cupola Foundries

This document provides guidance for Coke-based Cupola Foundries to operate in a socially, environmentally, and economically sustainable manner. It outlines 9 principles and 48 core elements for responsible business conduct in the foundry sector.

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Business Responsibility Guidelines for Coke based Cupola Foundries

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  1. Business Responsibility Guidelines for Coke based Cupola Foundries for Ajmer Zila Laghu Udyog Sangh (AZLUS)

  2. National Voluntary Guidelines- An Introduction • Emphasis on BR • Lays down basic requirements of businesses to function responsibly • “Responsible Business” conduct refers to the commitment of businesses to operating in an economically, socially and environmentally sustainable manner • A guidance document for businesses of all size, ownership, sector, and geography • Take into account the realities of Indian business and society

  3. Structure: 9 Principles, 48 core elements

  4. Why we need guidelines for Foundry sector

  5. Methodology for formulating the Guidelines • In-depth desk research to understand the key issues faced in this sector • Analysis of reports* based on studies conducted by FMC were also analysed • Preliminary report on ‘Environmental, Social and Governance Issues in the Foundry Industry’ was prepared • CUTS team met with members of AZLUS in Ajmer to discuss the preliminary report • The team also got an understanding about AZLUS and its member’s approach/perspective towards Business Responsibility (BR) issues • CUTS team visited few foundries during the Ajmer visit to get an understanding of the ground realities • These included a mix of large and small foundries *Diagnostic Study of Cast Iron Foundry Cluster Jaipur and Ajmer Block Cutter Casting Cluster, Foundation for MSME Clusters, 2012; A Study on Indian Foundry Sector, MSME Foundation, 2009 etc

  6. Principle 1: Businesses should conduct and govern themselves with Ethics, Transparency and Accountability Core Elements

  7. Principle 2: Businesses should provide goods and services that are safe and contribute to sustainability throughout their life cycle Core Elements

  8. Principle 2: Businesses should provide goods and services that are safe and contribute to sustainability throughout their life cycle (cont…) Core Elements

  9. Principle 3: Businesses should promote the well-being of all employees Core Elements

  10. Principle 4: Businesses should respect the interests of, and be responsive towards all stakeholders, especially those who are disadvantaged, vulnerable and marginalised Core Elements

  11. Principle 5:Businesses should respect and promote human rights Core Elements

  12. Principle 6:Business should respect, protect, and make efforts to restore the environment Core Elements

  13. Principle 7:Businesses, when engaged in influencing public and regulatory policy, should do so in a responsible manner Core Elements

  14. Principle 8:Businesses should support inclusive growth and equitable development Core Elements

  15. Principle 9:Businesses should engage with and provide value to their customers and consumers in a responsible manner Core Elements

  16. Thank you!

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