Ethical and responsible businesses
are the one who are most likely to
withstand the innumerable headwinds
that continue to thwart business
progress. The headwinds of tomorrow
are not the same as those that
impacted business a few years ago.
Climate change is the buzz word
across the world – in political circles
and economic and business forums.
Countries and companies have
articulated their aspiration to transition
to a Net Carbon Zero position over the
coming years.
Hence, comprehensive concern and
responsibility of the Environment has
become a business mandate. As
a result, Environmental, Social and
Governance (ESG) has emerged as
a business imperative for sustained
Hence, comprehensive concern and
responsibility of the Environment has
become a business mandate. As
a result, Environmental, Social and
Governance (ESG) has emerged as
a business imperative for sustained success. In today’s world, it is
used as a yardstick by investors for
screening companies and encourages
organisations to act responsibly.
Investors seek to ensure that the
Company is taking prudent strategic
decisions that pass the ESG filters.
As a responsible organisation,
Balaji, since inception, has built its
organisation pillared on Environmental,
Social and Governance. Every
strategic decision is taken after
its successfully clears these
three aspects.
Environment
Though, the Company deals in
chemicals. The overall business of
Balaji’s focus has been the immediate
impact on the environment, health
and safety of our employees,
stakeholders is minimally cognizant
of this responsibility, the Company
has established strong systems and
processes to mitigate these risks. Its
stringent processes and systems,
have ensured that the Company has
always complied with the demanding
standards of the National & Global
Environmental objectives.
Social
As an organisation, Balaji is committed
to contributing to the well-being of
communities and societies and the
stakeholders.
The Company focuses
on supporting economically weaker
sections of the society through its
CSR activities in improving Rural
infrastructure, education, healthcare
and livelihood which is crucial to the
business and the society at large.
1) Education
The Company understands that
education infuses the ability of
innovation and adaptability on which
the future depends. In keeping with
this belief, the Company generously
contributes to the educational
institutes in the Solapur, Osmanabad
and Medak district areas. Where
the facilities are set up. It provides
notebooks, library books, benches,
desks, water filters R/O system, toilet blocks, laboratory equipment, provide
funds for the construction of school
buildings and other required furniture
set up.
t also provides projectors and
computers to promote e-learning.
Deserving underprivileged students
are awarded scholarships. Some
of the district level and international
conferences, educational lectures,
and seminars are sponsored by
Balaji. Students of the above districts
are encouraged to participate in
various academic and sports related
competitions. The Company assists
star sports persons of this region
to prepare for the State or National
level sports.
2) Healthcare
In the healthcare realm, Balaji
shoulders the medical expenses of
underprivileged patients. They have
established health centres, camps
etc., to provide access of medical
assistance to emergency patients
and the underprivileged sections
of society. The Company arranges
and funds regular free health camps
(including eye/dental checkups) in
remote areas. The Company provides
dustbins and funds the construction of
toilet blocks around the Solapur and
Osmanabad districts to ensure proper
health and hygiene is taken care of.
Balaji also facilitated and funded
the installation of large water tanks,
which is done to provide relief
to communities in Solapur and
Osmanabad districts – they did
not have sufficient access to water
resources. Additionally, the Company
also provided water for the livestock in
this region during summer
3) Community Service
The organisation contributes to
orphanages situated in and around
Solapur. It provides financial support
to several homeless people to improve
their living conditions. Furthermore,
the Company has donated
wheelchairs for senior citizens at
Solapur Railway Station.
4) Conservation of Natural Resources
The government of Maharashtra
introduced a strategy for water
conservation named ‘Jalyukt Shivar
Abhiyan’ with an aim to make the
state drought-free. Balaji strategised
to become part of this initiative. The
key aim of Jalyukta Shivar Abhiyan is
to establish the belief in the farming
community that ‘every drop of
rainwater is owned by them, and it
should percolate in their land’. With
respect to this view, the Company
started this mission by way of
deepening and widening of Nallas
(drains, rivulets) since 2015. So far, we
have completed work in more than
27 villages and have been partners in
creating large storage of water to the
tune of 300 TCM (30 Crores litres).
5) Rural Development
Balaji Amines has preferred with
an NGO to set up Ekalavya Centre
for organic agriculture, research
and training Centre at Gungurti,
Tandur Mandal, Vikarabad District,
in Telangana. The Company has
provided infrastructure facilities as a
part of its smart village development
by constructing roads and providing
cement poles, streetlights, and surface
drainage facilities to various villages.
The Company supplied garbage
containers to some of the Villages in
Solapur and Osmanabad districts to
support the “Swatch Bharat Abhiyan”.
It also provided containers and
dumper placer for waste management
of the Municipal Corporation of
Solapur/ Osmanabad districts.
Governance
Balaji Amines ensures an appropriate
and transparent decision-making
process. The Company has put in
place a robust and relevant Corporate
Governance framework that helps it in
stakeholder welfare along with profit
maximisation. The Board steers and
sets the Group’s direction and brings
independent, informed and effective
judgement and leadership to bear
on material decisions reserved for
the Board.