Sterlite's commitment extends beyond business.
We aim to develop and manage our telecom & power businesses to provide attractive returns to our shareholders whilst carrying out our activities in a socially and environmentally responsible manner and creating value for the communities where we operate.
Sustainable development principles are fundamental to our approach. These principles require us to monitor and reduce social and environmental risks, to improve efficiencies in the use of resources, to minimize pollution and to create partnerships with our local communities.
The Company undertakes various activities based on an assessment of the needs and aspirations of the community and has allocated 1% of its annual net profits towards these projects. Management of the environment, health care, educations and the community at large is central to the Company's ideology.
Our sustainable development initiatives span some of the villages in the remotest locations in Maharashtra &
Union Territory of Dadra & Nagar Haveli, India reaching out to more than 26,000 people.
Focus |
Project |
Beneficiaries |
| Education |
Tailoring Course for underpriviledged women
Teachers Traning Program
Training in manufacturing of Cottage Industry Products
|
80
40
80
|
| Health |
Cataract Operations
Mobile Dispensary
Health & Nutrition Camp
Drinking Water & Sanitation Facilities
Hearing
Aids for Students |
650
13,950
300
200
100 |
| Environment |
Construction of Check Dams |
11,000 |
| |
Total |
26,400 |
Some of our environment management initiatives include construction of 5 check dams in drought-stricken villages, which are now capable of storing about 35 TCM of water, radically changing the economic potential of the villagers.
Our health initiatives include sponsorship of a mobile dispensary, 650 cataract operations for the underprivileged and hearing aids for 100 hearing impaired children. In addition, we also conducted a Health & Nutrition Camp that was attended by 300 villagers. We undertook construction of a water storage tank and a sanitation block for a school, the completion of which would now benefit over 200 students.
Although a large proportion of our focus has been on environment management and health care, we would continue to develop our support towards education and women's empowerment. Our initiatives in training in tailoring, manufacture of Cottage Industry Products and Teaching have empowered 200 underprivileged women.
In order to assess potential projects to undertake and also to ensure implementation, monitoring and sustenance of the same, we have formed teams at every manufacturing location.
The Management and the teams remain committed to the projects we have initiated over the past two years and we would strive to make a positive impact on the community.
Sustainable Development Report