Sustainability At Marico
A robust stakeholder engagement system is the
foundation of Marico's sustainability approach. Being a value-driven
organisation, we have always worked toward building trust with shareholders,
employees, customers, suppliers and other stakeholders based on the principles
of good corporate governance, which are integrity, equity, transparency,
fairness, disclosure, accountability and commitment to values.
In 2011-12, Marico started its journey towards a sustainability report, and is currently putting a Sustainability Management Framework in place.
A task force comprising members from various functions in the Company's corporate office as well as manufacturing locations has been formed.
In 2011-12, Marico started its journey towards a sustainability report, and is currently putting a Sustainability Management Framework in place.
A task force comprising members from various functions in the Company's corporate office as well as manufacturing locations has been formed.
The Company has already commenced capturing data for
some of the environmental indicators. These include:
- GHG
emissions
- Effluents
- Electricity
consumption
- Energy
conservation initiatives
- Water
consumption
- Waste
disposal etc.
Marico also has
systems to collect information regarding labour as required for compliance by
various authorities.
Marico will initially focus on Indian business's manufacturing plants as these locations are the most significant from sustainability risks point of view. The company will look to expand its reporting boundaries in the years to come.
Marico will initially focus on Indian business's manufacturing plants as these locations are the most significant from sustainability risks point of view. The company will look to expand its reporting boundaries in the years to come.
Sustainability reporting initiative in
Marico
Marico has been doing work in various areas related to sustainability over the past few years. There were a wide range of initiatives across energy conservation, water conservation, CSR and waste disposal apart from business initiatives involving communities such as farmers and associates.
Marico has been doing work in various areas related to sustainability over the past few years. There were a wide range of initiatives across energy conservation, water conservation, CSR and waste disposal apart from business initiatives involving communities such as farmers and associates.
Farmer First - This
program was launched in safflower growing belts in June 2012 with the vision
"socially responsible growth by keeping farmers as the pivot"
A series of initiatives were launched to maximize the ROI of farmers in safflower growing areas by keeping farmers as the central pivot. The aim was to promote safflower as a very strong and viable alternative option in rabi season by adopting a win-win approach for farmers, Marico and society thus arresting the safflower area decline. Concentrated efforts were carried out in 325 villages spread across 6 states. Under the initiative, 12500 saplings were distributed among the farmers free of cost for plantation, 1300 quintals certified seeds were sown over 32000 acres of land which improved farmers yield by up to 15%. A PPP model with Government of Maharashtra was worked out in Solapur and Akola districts covering 49 villages, 495 farmers and 900 hectares. This initiative has benefited (a) Farmers by increasing their yield by 20%, (b) Marico by improved safflower buying surplus from domestic and (c) Society with a greener tomorrow.
Cluster Farming Program - The program was aimed at forming a cluster of coconut farms in an area without ignoring a single farmer in the designated area. The farmers then got together as a group and discussed the agriculture practices to be adopted under the help of a technical expert. Basis this, preparation of farm, fertilization, pest control, intercropping etc., were decided. Agri inputs were sourced through local cooperative societies and distributed to farmers. Marico's Copra Collection centers in Malappuram district partnered actively with the Coconut Development Board for the rollout and execution of the program in which the center uses its reach to farmers to form clusters to avail the benefit of the above program from Govt. of India.
Through the cluster program, Marico has coordinated for productivity improvement initiatives in 61 coconut clusters involving 7982 farmers covering 1737 Ha of coconut gardens. The 2 year intensive productivity improvement program by scientific fertilization, inter-cropping and pest control has given a yield improvement close to 20% in coconut gardens covering over 3 lakh coconut palms. The program has benefited - (a) Farmers by increasing their income by 20% and (b) Marico by improving its productivity by 20%.
A series of initiatives were launched to maximize the ROI of farmers in safflower growing areas by keeping farmers as the central pivot. The aim was to promote safflower as a very strong and viable alternative option in rabi season by adopting a win-win approach for farmers, Marico and society thus arresting the safflower area decline. Concentrated efforts were carried out in 325 villages spread across 6 states. Under the initiative, 12500 saplings were distributed among the farmers free of cost for plantation, 1300 quintals certified seeds were sown over 32000 acres of land which improved farmers yield by up to 15%. A PPP model with Government of Maharashtra was worked out in Solapur and Akola districts covering 49 villages, 495 farmers and 900 hectares. This initiative has benefited (a) Farmers by increasing their yield by 20%, (b) Marico by improved safflower buying surplus from domestic and (c) Society with a greener tomorrow.
Cluster Farming Program - The program was aimed at forming a cluster of coconut farms in an area without ignoring a single farmer in the designated area. The farmers then got together as a group and discussed the agriculture practices to be adopted under the help of a technical expert. Basis this, preparation of farm, fertilization, pest control, intercropping etc., were decided. Agri inputs were sourced through local cooperative societies and distributed to farmers. Marico's Copra Collection centers in Malappuram district partnered actively with the Coconut Development Board for the rollout and execution of the program in which the center uses its reach to farmers to form clusters to avail the benefit of the above program from Govt. of India.
Through the cluster program, Marico has coordinated for productivity improvement initiatives in 61 coconut clusters involving 7982 farmers covering 1737 Ha of coconut gardens. The 2 year intensive productivity improvement program by scientific fertilization, inter-cropping and pest control has given a yield improvement close to 20% in coconut gardens covering over 3 lakh coconut palms. The program has benefited - (a) Farmers by increasing their income by 20% and (b) Marico by improving its productivity by 20%.
Member well-being has a direct impact on the Member
Engagement with the organization. Marico gives importance to the overall
well-being of a member and offers workshops and seminars in the areas of
emotional, financial, health and community well-being. This year, Financial
Planning workshops were conducted across the organization to educate and create
awareness amongst members on how they can achieve higher financial security.
Conducted by an expert in financial planning, the workshop covered the topics
such as Understanding one's life phase and Pillars of Financial Planning -
Accumulation, Preservation, Protection and Distribution.
In the area of health and well-being, Marico participated in the Stepathlon, a unique, pedometer-based, mass participation event which takes place over 100 consecutive days. It encourages participants to take 10,000 steps a day to remain fit. A total of 35 members from across Mumbai participated in this event.
In the area of community well-being, Marico participated in the Joy of Giving Week, an initiative that promotes giving. During the Joy of Giving Week, the 'Member Volunteering Opportunities' initiative was launched as a prototype in Mumbai. Through this initiative, members were offered a platform to offer their expertise to a not for profit organization. One our members has successfully completed content creation for the annual report for Maharashtra Dyslexia Association While other projects are going on. Marico also offers counseling services through an expert counseling agency. Members can avail counseling for themselves as well as their immediate family.
In the area of health and well-being, Marico participated in the Stepathlon, a unique, pedometer-based, mass participation event which takes place over 100 consecutive days. It encourages participants to take 10,000 steps a day to remain fit. A total of 35 members from across Mumbai participated in this event.
In the area of community well-being, Marico participated in the Joy of Giving Week, an initiative that promotes giving. During the Joy of Giving Week, the 'Member Volunteering Opportunities' initiative was launched as a prototype in Mumbai. Through this initiative, members were offered a platform to offer their expertise to a not for profit organization. One our members has successfully completed content creation for the annual report for Maharashtra Dyslexia Association While other projects are going on. Marico also offers counseling services through an expert counseling agency. Members can avail counseling for themselves as well as their immediate family.
Assistance is provided to neighbouring communities
through various health and education programs, help to underprivileged and
deprived children and support to differently abled & destitutes.
A unique project 'Pratyek Themb Mahatwacha' - Each Drop Counts was undertaken in Jalgaon to educate the school children, their parents, teachers and society in general about the importance of water conservation. 5000 plus students were connected directly across 8 major schools and 10000 booklets on water conservation were printed and distributed to many schools around Jalgaon rural areas.
A unique project 'Pratyek Themb Mahatwacha' - Each Drop Counts was undertaken in Jalgaon to educate the school children, their parents, teachers and society in general about the importance of water conservation. 5000 plus students were connected directly across 8 major schools and 10000 booklets on water conservation were printed and distributed to many schools around Jalgaon rural areas.
Several initiatives were taken to reduce GHG
emission in Kanzikode, Dehradun and Baddi. Rain water harvesting and Tree
plantation activity were undertaken at Paonta Sahib. Reduction in power
consumption was reported in in Kanzikode, Paonta Sahib, Dehradun, Baddi and
Pondicherry through various initiatives.
Kanzikode won the Kerala State Safety Award for the
3rd consecutive year for the safety initiatives.
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Marico Sustainability Slogan :
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