101
BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT 2021-22
[Pursuant to regulation 34(2)(f) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015]
SECTION A: GENERAL DISCLOSURES
I. DETAILS OF THE LISTED ENTITY
1. | Corporate Identity Number (CIN) of the Listed Entity | ||
L35110MH1948PLC006472 | |||
2. | Name of the Listed Entity | ||
The Great Eastern Shipping Company Limited | |||
3. | Year of incorporation | ||
1948 | |||
4. | Registered office address | ||
Ocean House, 134/A, Dr. Annie Besant Road, Worli, Mumbai 400018 | |||
5. | Corporate address | ||
Ocean House, 134/A, Dr. Annie Besant Road, Worli, Mumbai 400018 | |||
6. | |||
shares@greatship.com | |||
7. | Telephone | ||
022 - 66613000 | |||
8. | Website | ||
www.greatship.com | |||
9. | Financial year for which reporting is being done | ||
2021-22 | |||
10. | Name of the Stock Exchange(s) where shares are listed | ||
BSE Ltd. | |||
National Stock Exchange of India Ltd. | |||
11. | Paid-up Capital | ||
` 142.77 crores. | |||
12. | Name and contact details (telephone, email address) of the person who may be contacted in case of any queries on the BRSR report | ||
Mr. Jayesh Trivedi | |||
President (Secl. & Legal) and Company Secretary | |||
Tel : 022 - 66613000 | |||
Email : jayesh_trivedi@greatship.com | |||
13. | Reporting boundary - Are the disclosures under this report made on a standalone basis (i.e. only for the entity) or on a consolidated basis (i.e. | ||
for the entity and all the entities which form a part of its consolidated financial statements, taken together). | |||
The disclosures under this report are made on a standalone basis. | |||
II. PRODUCTS/SERVICES | |||
14. | Details of business activities (accounting for 90% of the turnover): | ||
S. | DESCRIPTION OF MAIN ACTIVITY | DESCRIPTION OF BUSINESS ACTIVITY | % OF TURNOVER OF THE ENTITY |
NO. | |||
1 | Transport and storage | Water transport | 95.47% |
15. Products/Services sold by the entity (accounting for 90% of the entity's Turnover): | |||
S. | PRODUCT/SERVICE | NIC CODE | % OF TOTAL TURNOVER |
NO. | CONTRIBUTED | ||
1 | Shipping | 50120 | 95.47% |
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III. OPERATIONS | |||
16. Number of locations where plants and/or operations/offices of the entity are situated: | |||
LOCATION | NUMBER OF PLANTS | NUMBER OF OFFICES | TOTAL |
National | N.A. | 1 | 1 |
International | N.A. | - | - |
The registered office of the Company is situated in Mumbai, India. The Company has no plants. Ships of the Company trade in Indian as well as international waters.
17. Markets served by the entity: a. Number of locations
LOCATIONS | NUMBER |
National (No. of States)
International (No. of Countries)
The Company serves Indian as well as international markets. Substantial assets of the Company are ships, which are operating across the world, in view of which they can not be identified by any particular geographical area.
b. What is the contribution of exports as a percentage of the total turnover of the entity?
65.21%
c. A brief on types of customers
Customers of the Company are mostly oil majors, refineries, manufacturers, miners, producers, etc.
IV. EMPLOYEES
18. Details as at the end of Financial Year:
a. Employees and workers (including differently abled):
S. | PARTICULARS | TOTAL (A) | MALE | FEMALE | ||
NO. | NO. (B) | % (B / A) | NO. (C) | % (C / A) | ||
EMPLOYEES (SHORE STAFF) | ||||||
1 | Permanent (D) | 224 | 175 | 78.13% | 49 | 21.88% |
2 | Other than Permanent (E) | 25 | 24 | 96.00% | 1 | 4.00% |
3 | Total employees (D + E) | 249 | 199 | 79.92% | 50 | 20.08% |
EMPLOYEES (FLOATING STAFF) | ||||||
4 | Permanent (D) | - | - | - | - | - |
5 | Other than Permanent (E) | 1812 | 1808 | 99.77% | 4 | 0.23% |
6 | Total employees (D + E) | 1812 | 1808 | 99.77% | 4 | 0.23% |
WORKERS (NOT APPLICABLE)
- Permanent (F)
-
Other than Permanent (G)
9 Total workers (F + G)
- Differently abled Employees and workers: Nil
S. | PARTICULARS | TOTAL (A) | MALE | FEMALE | ||
NO. | NO. (B) | % (B / A) | NO. (C) | % (C / A) |
DIFFERENTLY ABLED EMPLOYEES
- Permanent (D)
- Other than Permanent (E)
-
Total differently abled employees (D + E)
DIFFERENTLY ABLED WORKERS
4 Permanent (F)
5 Other than permanent (G)
6 Total differently abled workers (F + G)
THE GREAT EASTERN SHIPPING CO. LTD.
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19. Participation/Inclusion/Representation of women
TOTAL (A) | NO. AND PERCENTAGE OF FEMALES | ||
NO. (B) | % (B / A) | ||
Board of Directors | 12 | 1 | 8.33% |
Key Management Personnel | 1 | - | - |
20. Turnover rate for permanent employees and workers
FY 2021-22 | FY 2020-21 | FY 2019-20 | |||||||
TURNOVER RATE IN | TURNOVER RATE IN | (TURNOVER RATE IN THE YEAR | |||||||
CURRENT FY | PREVIOUS FY | PRIOR TO THE PREVIOUS FY) | |||||||
MALE | FEMALE | TOTAL | MALE | FEMALE | TOTAL | MALE | FEMALE | TOTAL | |
Permanent Employees | 10.00% | 0.00% | 10.00% | 9.00% | 7.00% | 16.00% | 7.00% | 5.00% | 12.00% |
(Shore Staff)
Permanent Employees
(Floating Staff)
(Not applicable)
Permanent Workers (Not applicable)
V. HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES (INCLUDING JOINT VENTURES)
21. Names of holding / subsidiary / associate companies / joint ventures
S. | NAME OF THE HOLDING / SUBSIDIARY / | INDICATE WHETHER | % OF SHARES HELD | DOES THE ENTITY |
NO. ASSOCIATE COMPANIES / JOINT VENTURES (A) | HOLDING/ | BY LISTED ENTITY | INDICATED AT | |
SUBSIDIARY/ | COLUMN A, | |||
ASSOCIATE/ JOINT | PARTICIPATE IN | |||
VENTURE | THE BUSINESS | |||
RESPONSIBILITY | ||||
INITIATIVES OF THE | ||||
LISTED ENTITY? | ||||
(YES/NO) | ||||
1 | The Greatship (Singapore) Pte. Ltd. | Subsidiary | 100.00% | No |
2 | The Great Eastern Chartering LLC (FZC) | Subsidiary | 100.00% | No |
3 | The Great Eastern Chartering (Singapore) Pte. Ltd. | Subsidiary | 100.00% | No |
4 | Great Eastern CSR Foundation | Subsidiary | 100.00% | Yes |
5 | Great Eastern Services Limited | Subsidiary | 100.00% | No |
6 | Greatship (India) Limited | Subsidiary | 100.00% | Yes |
7 | Greatship Global Offshore Services Pte. Ltd. | Subsidiary* | 100.00% | No |
8 | Greatship Global Energy Services Pte. Ltd. | Subsidiary* | 100.00% | No |
9 | Greatship (UK) Limited | Subsidiary* | 100.00% | No |
10 | Greatship Oilfield Services Ltd. | Subsidiary* | 100.00% | No |
* Wholly owned subsidiaries of Greatship (India) Limited
CSR activities of the Company and Greatship (India) Limited are guided by the Corporate Social Responsibility Policy of the Great Eastern Group. All the CSR activities are handled by Great Eastern CSR Foundation.
VI. CSR DETAILS
22. (i) Whether CSR is applicable as per section 135 of Companies Act, 2013: Yes
- Turnover (in `): ` 29,66,39,25,464
- Net worth (in `): ` 65,71,43,05,102
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VII. TRANSPARENCY AND DISCLOSURES COMPLIANCES
23. Complaints/Grievances on any of the principles (Principles 1 to 9) under the National Guidelines on Responsible Business Conduct:
STAKEHOLDER | GRIEVANCE | FY 2021-22 | FY 2020-21 | ||||
GROUP | REDRESSAL | CURRENT FINANCIAL YEAR | PREVIOUS FINANCIAL YEAR | ||||
FROM WHOM | MECHANISM | ||||||
COMPLAINT IS | IN PLACE | ||||||
RECEIVED | (YES/NO) | ||||||
(IF YES, THEN | NUMBER OF | NUMBER OF | REMARKS | NUMBER OF | NUMBER OF | REMARKS | |
PROVIDE | COMPLAINTS | COMPLAINTS | COMPLAINTS | COMPLAINTS | |||
WEB-LINK FOR | FILED DURING | PENDING | FILED DURING | PENDING | |||
GRIEVANCE | THE YEAR | RESOLUTION | THE YEAR | RESOLUTION | |||
REDRESS | AT CLOSE OF | AT CLOSE OF | |||||
POLICY) | THE YEAR | THE YEAR | |||||
Communities | N.A. | - | - | - | - | - | - |
Investors | Yes | - | - | - | - | - | - |
(other than | |||||||
shareholders) | |||||||
Shareholders | Yes | - | - | - | - | - | - |
Employees and | Yes | - | - | - | - | - | - |
workers | |||||||
Customers | Yes | - | - | - | - | - | - |
Value Chain | N.A. | - | - | - | - | - | - |
Partners | |||||||
Other | - | - | - | - | - | - | - |
(please specify) |
Whistle Blower Policy is available on the Company's website - www.greatship.com
24. Overview of the entity's material responsible business conduct issues
Please indicate material responsible business conduct and sustainability issues pertaining to environmental and social matters that present a risk or an opportunity to your business, rationale for identifying the same, approach to adapt or mitigate the risk along-with its financial implications, as per the following format
S. | MATERIAL ISSUE | INDICATE | RATIONALE FOR | IN CASE OF RISK, | FINANCIAL |
NO. | IDENTIFIED | WHETHER | IDENTIFYING | APPROACH TO | IMPLICATIONS OF THE |
RISK OR | THE RISK / | ADAPT OR MITIGATE | RISK OR OPPORTUNITY | ||
OPPORTUNITY | OPPORTUNITY | (INDICATE POSITIVE OR | |||
(R/O) | NEGATIVE | ||||
IMPLICATIONS) | |||||
1 | Oil spills represent serious | R | Oil spills may | Our fleet is managed | Shipping companies may be |
environmental | have adverse | in accordance with | held responsible for clean- | ||
risk in the shipping sector. | financial as well | international and | up costs and economic | ||
as reputational | local regulations. | damages, which may run | |||
implications for | Preventing spills is | into millions of US dollars. | |||
the shipping | one of the focus areas | This risk is largely covered | |||
companies. It | in the Environmental | by insurance. | |||
may also have | Management | ||||
significant | System. This risk is also | ||||
impact on marine | covered and monitored | ||||
ecosystems. | regularly in the Risk | ||||
Management System. | |||||
The Company also has | |||||
insurances in place to | |||||
cover this risk. | |||||
THE GREAT EASTERN SHIPPING CO. LTD.
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SECTION B: MANAGEMENT AND PROCESS DISCLOSURES
This section is aimed at helping businesses demonstrate the structures, policies and processes put in place towards adopting the NGRBC
Principles and Core Elements. | |||||||||
DISCLOSURE QUESTIONS | P1 | P2 | P3 | P4 | P5 | P6 | P7 | P8 | P9 |
POLICY AND MANAGEMENT PROCESSES | |||||||||
1. a. Whether your entity's policy/ | Yes | ||||||||
policies cover each principle and | |||||||||
its core elements of the NGRBCs. | |||||||||
(Yes/No) | |||||||||
b. Has the policy been approved by | Yes | ||||||||
the Board? (Yes/No) | |||||||||
c. Web Link of the Policies, if | www.grestship.com | ||||||||
available | |||||||||
2. Whether the entity has translated the | Yes | ||||||||
policy into procedures. (Yes / No) |
- Do the enlisted policies extend to your value chain partners? (Yes/No)
-
Name of the national and international codes/certifications/ labels/ standards (e.g. Forest
Stewardship Council, Fairtrade, Rainforest Alliance, Trustea) standards (e.g. SA 8000, OHSAS, ISO, BIS) adopted by your entity and mapped to each principle. - Specific commitments, goals and targets set by the entity with defined timelines, if any.
- Performance of the entity against the specific commitments, goals and targets along-with reasons in case the same are not met.
N.A. | ||
ISO | ISO | ISO |
9001: | 45001: | 14001: |
2015 | 2018 | 2015 |
OHSAS |
Contributing aprox.
-
6.03 crores for
CSR activities during FY 2021-22
Contributed ` 6.61 crores for CSR activities
Governance, leadership and oversight
7. Statement by director responsible for the business responsibility report, highlighting ESG related challenges, targets and achievements:
OUR VISION
- To lead our industry in Safety Standards, Environmental Protection, Energy Optimization and Quality of Operations.
- To be the provider of choice for our customers.
MISSION STATEMENT
Consistent with the Company's policy and philosophy of maintaining professional excellence in all spheres of activity involving Marine Bulk Transportation Services, including Quality, Health, Safety, Security, Environment and Social Responsibility, our mission shall be:
- To own, operate and manage efficient ships with zero spills to sea, zero incidents, zero tolerance to drugs and alcohol, while protecting the lives of shipboard personnel, cargo and Company's own assets and reducing environmental emissions by employing best management practices;
- To provide a highly efficient and competitive Marine Bulk Transportation Service of Quality, Cost, Reliability, Delivery and Security;
- To achieve excellence in our management systems and standards through continual improvement, by employing best practices through an efficient, responsive management and an empowered and highly motivated work force;
- To create enhanced value for our shareholders and other stakeholders.
74th Annual Report 2021-2022Business Responsibility and Sustainability Report
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The Great Eastern Shipping Company Limited published this content on 04 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 July 2022 10:42:03 UTC.