In recent times, the need for businesses to focus on resilience and sustainable growth has increased manifold. Not only are investors evaluating companies with a lens that goes much beyond profitability, but even customers are preferring brands and organizations like the Allcargo group that choose to be responsible corporate citizens.
With COVID-19 and various other unforeseen circumstances bringing to light the vulnerabilities and fragility of global business supply chains, the need for businesses to be aligned with the society and environment has been proved beyond doubt.
As more and more businesses step up and enhance their Environmental, Social and Corporate Governance (ESG) compliance and reporting, industry leaders like Allcargo that have been driven by doing business with a purpose for many years now, are setting an example to follow.
Concern for the environment
At Allcargo, sustainability and being environmental-friendly is given significant importance and this attitude extends to all levels of the organization.
In terms of physical infrastructure, offices, warehouses, CFS-ICDs, etc. have been constructed keeping in mind the sustainability and green-building standards. Waste management, water management and rainwater harvesting, as well as use of natural light and renewable energy like solar power have been integrated to the extent possible.
In addition to managing energy consumption and reducing environmental impact, efforts are also being taken to green the earth’s cover. With an aim to plant a million trees, over 6,50,000 fruit-bearing trees have been planted in tribal areas of Maharashtra, India. Not only do these benefit the environment but also create livelihood for farmers in the region who can sell the produce and sustain themselves.
Responsibility to society and community
Considering itself as a responsible member of the society, Allcargo’s social governance encompasses all stakeholders right from employees, customers, investors, partners and associates to communities in the vicinity of its warehouses, CFS-ICDs, facilities and also vulnerable sections of society.
While customers can expect excellent quality in products, services and business experience, employees are assured of free and fair compensation backed by the equipment and amenities to perform to their best potential as well as adherence to highest health, safety and security standards, backed by support to deal with challenging situations. Example, during the COVID-19 crisis, Allcargo ensured implementation of stringent safety practices across offices and locations, provided employees with support for hospitalization, treatment, physical and mental well-being initiatives and also carried out vaccination drives for employees and their family members.
A number of Corporate Social Responsibility (CSR) initiatives like blood donation, food distribution, monetary aid for health and education, sponsoring medical treatment and surgeries, contributing to relief for natural disasters like floods have been carried out through the year, having a positive impact on over 20,000 beneficiaries in just the last one year.
Highest levels of corporate governance
At Allcargo, business ethics and principles are an absolute non-negotiable. The organization is governed by a robust set of policies that span employees’ and customers’ rights, an appropriate code of conduct, cybersecurity, prevention of sexual harassment, transparency and disclosures, etc.
There is an internal audit and risk management that monitors compliance and brings to fore any discrepancies or fluctuations to take action on them at the earliest.
The organization is run by a Board of Directors that comprises qualified, experienced professionals, representative of internal and external perspective and also a woman member to bring in gender diversity and offer a valuable perspective to business strategies and decisions. The secretarial and finance teams work in tandem to ensure that the Board meetings take place as prescribed and decisions taken therein are implemented effectively in the interest of the organization.
All mandatory disclosures, be they to the stock exchanges, to investors or for the general public at large are made on a timely and regular basis.
Having always been driven by strong core values and a responsibility to contribute to the environment and society, today, as Allcargo transforms to be future-ready and grow sustainably, it is also geared much better to adhere to internationally accepted Environmental, Social and Corporate Governance (ESG) and Health, Safety, Security and Environment (HSSE) standards.