RIL bags DuPont safety & sustainability award

RIL, the largest private sector corporation in India, has been recognised as a global winner in the DuPont Safety and Sustainability Awards on account of the company’s achievements in driving improvements in operational excellence. Recognising that the company’s rapid, organic growth necessitated an updated approach to organisational processes and governance, RIL decided to codify a unified and structured framework across the group, which would allow more systematic management of existing businesses, and more seamless integration of new businesses. The resulting ‘STAR’ project, which involved the entire organisation — including more than 20,000 employees — embedded a new ‘Reliance Management System’ (RMS) to guide operational, people and financial management, and provide a scalable base for future growth.

Founded in 1957 as a yarn trading enterprise in Mumbai, RIL has since diversified into an owner operated conglomerate with an international reach. Its activities span the energy, petrochemicals, retail, digital services and media sectors, generating a combined annual turnover in excess of $50 billion. Integrated across the energy value chain through a unique portfolio of upstream, refining and petrochemicals businesses, RIL is now the second largest producer of polyester fibre and yarn globally, and the sixth largest producer of polypropylene.

Selected by an independent jury comprised of leading experts in occupational safety and sustainability, the 2017 recipients of the global awards also include British Columbia Ferry Services Inc. for the global safety award, Firmenich for the global sustainability award. Gas Natural Fenosa, Monsanto, Jacobs and City Developments Limited bagged regional awards for excellence. There was also a special mention of Resolute Forest Products and Indonesia for their unique and innovative approaches to sustainability. (RR)

Fibre2Fashion News Desk – India