Hindustan Copper LtdNSE: HINDCOPPER

Business Responsibility and Sustainability Report 2023-24

Jul 18, 2024 at 6:45 AM UTC · Issued by Hindustan Copper Ltd

BUSINESS RESPONSIBILITY

AND SUSTAINABILITY

REPORT (BRSR)

FY 2023-24

Hindustan Copper Limited

Hindustan Copper Limited-BRSR2023-24

SECTION A: GENERAL DISCLOSURES

Details of the listed entity

Corporate Identity Number (CIN) of the Listed Entity
Name of the Listed Entity
Year of incorporation:
Registered office address:
Corporate address:
E-mail:
Telephone:
Website:
Financial year for which reporting is being done.
Name of the Stock Exchange(s) where shares are listed.

L27201WB1967GOI028825

HINDUSTAN COPPER LIMITED

(A Government of India Enterprise)

9th November 1967

'Tamra Bhavan'

1, Ashutosh Chowdhury Avenue,

Kolkata - 700019, West Bengal, India

Tel. No: +91 033-2202 1000

'Tamra Bhavan'

1, Ashutosh Chowdhury Avenue,

Kolkata - 700019, West Bengal, India

Tel. No: +91 033-2202 1000

hcl_cs@hindustancopper.com

(+91) 033 2202 1000

www.hindustancopper.com

2023-24

National Stock Exchange of India Ltd Exchange Plaza, C-1, Block G, Bandra- Kurla Complex, Bandra (East), Mumbai 400 051, India.
BSE Limited
Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001, India.

Paid-upCapital:
Name and contact details (telephone, email address) of
the person who may be contacted in case of any queries on the BRSR report.
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).

₹ 483.51 crore

Shri C S Singhi, Company Secretary (+91) 033 2202 1024

singhi_cs@hindustancopper.com

Standalone

14	Name of assurance provider	Not Applicable (N.A.)
15	Type of assurance obtained	N.A.

Hindustan Copper Limited-BRSR2023-24

Products/services

16. Details of business activities (accounting for 90% of the turnover):

S. No.	Description of Main Activity	Description of Business Activity		% of Turnover of the entity

1.	Mining of Copper Ore		Copper Concentrate		99%

17. Products/Services sold by the entity (accounting for 90% of the entity's Turnover):

S. No.	Product/Service		NIC Code		% of total Turnover contributed

1.	Mining of Copper Ore (Copper Concentrate)	07291		99%

Operations

18. Number of locations where plants and/or operations/offices of the entity are situated:

Location	Number of plants	Number of offices	Total

National	5	2	7

International	-	-	-

Name of Plants: Khetri Copper Complex (KCC), Indian Copper Complex (ICC), Malanjkhand Copper Project (MCP), Taloja Copper Project (TCP), Gujarat Copper Project (GCP)

19. Markets served by the entity: a. Number of locations

Locations	FY- 2023-24

	Number

National (No. of States)	7

International (No. of Countries)	1

b. What is the contribution of exports as a percentage of the total turnover of the entity?

As per audited account for FY 2023-24, Export Sale contribution approximately 18.3% to Hindustan Copper Limited's Annual Turnover for 2023-24.

c. A brief on types of customers

Total tonnage of copper concentrate produced, is being sold through MoU and Online Global Tendering process using Government NIC portal for the Domestic/International customers.

							Hindustan Copper Limited-BRSR2023-24
IV.	Employees
20. Details as at the end of Financial Year:
a. Employees and workers (including differently abled):

S. No	Particulars	Total (A)			Male		Female

	No. (B)		% (B / A)	No. (C)		% (C / A)


			EMPLOYEES (Executives)

1.	Permanent (D)	536		494		92%	42	08%

2.	Other Than Permanent	72		67		93%	05	07%
(E)


3.	Total Employees (D+E)	608		561		92%	47	08%

				WORKERS

4.	Permanent (F)	763		713		93%	50	07%
(Non-executive employees)


5.	Other Than Permanent	2519		2432		97%	87	03%
(G) (Hired through
	contractors)

6.	Total Workers (F+G)	3282		3145		96%	137	04%

b. Differently abled Employees and workers:

S. No	Particulars	Total (A)			Male		Female

	No. (B)		% (B / A)	No. (C)		% (C / A)


		DIFFERENTLY ABLED EMPLOYEES (Executives)

1.	Permanent (D)	14		13		93%	01	07%

2.	Other Than Permanent	0		0		0%	0	0%
(E)


3.	Total differently abled	14		13		93%	01	07%
Employees (D+E)


		DIFFERENTLY ABLED WORKERS

4.	Permanent (F)	10		10		100%	0	0%

5.	Other Than Permanent	0		0		0%	0	0%
(G)


6.	Total differently abled	10		10		100%	0	0%
Workers (F+G)

Hindustan Copper Limited-BRSR2023-24

21. Participation/Inclusion/Representation of women

	Total (A)	No. and percentage of Females

		No.(B)	%(B/A)

Board of Directors	8	1	12.5%

Key Management	4	0	0
Personnel


* Key managerial personnel include 4 members of the Board	of Directors

22. Turnover rate for permanent employees and workers (Disclose trends for the past 3 years)

		FY 2023-24		FY 2022-23		FY 2021-22

	Male		Female	Total	Male	Female	Total	Male	Female	Total

Permanent	7.66		11.76	7.99	3.57	2.35	3.54	1.43	0.00	1.32
Employees


Permanent	0.95		0	0.88	1.94	0.00	1.78	0.32	0.00	0.29
Workers

Holding, Subsidiary and Associate Companies (including joint ventures) 23. (a) Names of holding / subsidiary / associate companies / joint ventures

	Name of the holding /	Indicate	whether		Does the entity indicated in
		column A, participate in the
S.	subsidiary /	associate	holding/ Subsidiary/	% Of shares held by
Business	Responsibility
No.	companies	/ joint	Associate/	Joint	listed entity	initiatives	of the listed
	ventures (A)		Venture
				entity? (Yes/No)


1.	Chattisgarh Copper Ltd	Subsidiary	74%		No

2.	Khanij Bidesh India Ltd	Joint Venture	30%		No

VI.	CSR Details

24. (i). Whether CSR is applicable as per section 135 of Companies Act, 2013: Yes

(ii). Turnover (in ₹):16,86,50,76,227.43

(iii). Net worth (in ₹): 20,73,63,16,556.57

Hindustan Copper Limited-BRSR2023-24

VII.	Transparency and Disclosures Compliances

25. Complaints/Grievances on any of the principles (Principles 1 to 9) under the National Guidelines on Responsible Business Conduct:

		Grievance				FY 2023-24					FY 2022-23

		Redressal
Stakeholder	Mechanism in					Number of					Number of
group	from	Place (Yes/No)
	Number of			complaints				Number of	complaints
whom		(If yes,	then
		complaints			pending		R	emarks	complaints	pending	Remarks
complaint is	provide	web-
	filed during			resolution		filed during	resolution
received		link	for
		the year			at close of					the year	at close of
		grievance
							the year						the year
		redress policy)


Communities	https://pgportal		2			0			-		25	0	-
.gov.in/


Investors (other
than		N.A.			0			0			-		0	0	-
shareholders)

		https://www.hin
Shareholders	dustancopper.co		3			3			-		1	0	-
m/Page/compan

		ysec

		https://www.hin
		dustancopper.co
		m/Content/PDF
Employees and	/EPMS.pdf,			0			0			-		1	0	-
workers		https://www.hin

		dustancopper.co
		m/Page/HCLFor
		um
Customers		Yes			0			0			-		0	0	-

Value Chain	Yes			2			0			-		0	0	-
Partners

Other (please	https://pgportal		126			1			-		68	1	-
specify)-		.gov.in/


Other -Ex		https://pgportal		26			0			-		61	4	-
Employees	.gov.in/


Total					159			4			-		156	5	-

Hindustan Copper Limited-BRSR2023-24

26. 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

		Indicate									Financial
		Rationale for								implications of the
		whether risk
S.	Material issue	identifying the		In case of risk, approach to	risk or opportunity
No.	identified	or	risk /		adapt or mitigate		(Indicate positive or
opportunity
		opportunity								negative
		(R/O)
										implications)


				1.	Upgradation	to	the	new
			Outdated		efficient technologies.

1.	Adoption of	O	technology and	2.	Modernization	of existing	Positive
new technology	obsolete

			infrastructures.		Copper				complex
					infrastructure.

				1.	Build	Safety	Leadership
					capability at all levels to
					achieve zero harm.
				2. Excellence in Process Safety
					Management (PSM).
				3.	Achieve	zero		harm to
	Employee		Lost Time		contract	employees	by
	Health & Safety			strengthening deployment of
		Injury
2.	(Including	R		Contractor			Safety	Negative
Frequency Rate
	Working			Management Standard.
		(LTIFR).
	Conditions)
			4.	Improvement		in	working

					conditions (Implementation
					of 5S).
				5.	Implementation	of	latest
					Occupational Safety & Health
					Management			System
					Standards (OSHAS).

				1.	Conducting		Life	Cycle
					Assessment of the product.
	Research and		Environmental	2.	Investments		in	specific
3.	O	and Social		technologies to improve the	Positive
Development
		Impacts		environmental	and	social

					impacts	of	products	and
					processes.

				1.	Significant operational
	Critical incident		Waste		hazards associated with the
4.	risk	R		structural integrity of		Negative
Managements
	management			Tailings Storage facilities

					(TSFs).

Hindustan Copper Limited-BRSR2023-24

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.

The National Guidelines for Responsibility Business Conduct (NGRBC) as prescribed by the Ministry of Corporate Affairs

advocates nine principles referred as P1-P9 as given below:

PRINCIPLE 1:

Businesses should conduct and govern themselves with integrity, and in a manner that is Ethical, Transparent and Accountable.

PRINCIPLE 4:

Businesses should respect the interests of and be responsive to all its stakeholders.

PRINCIPLE 7:

Businesses, when engaging in influencing public and regulatory policy, should do so in a manner that is responsible and transparent.

PRINCIPLE 2:

Businesses should provide goods and services in a manner that is sustainable and safe.

PRINCIPLE 5:

Businesses should respect and promote human rights.

PRINCIPLE 8:

Businesses should promote inclusive growth and equitable development.

PRINCIPLE 3:

Businesses should respect and promote the well-being of all employees, including those in their value chains.

PRINCIPLE 6:

Businesses should respect and make efforts to protect and restore the environment.

PRINCIPLE 9:

Businesses should engage with and provide value to their consumers in a responsible manner.

Disclosure Questions

S. No.

Policy and management processes

Whether

your

entity's

policy/

policies cover each

principle

and

its

Yes

core

elements

the

NGRBCs.

(Yes/No)

Has

the

policy

been approved by

Yes

the

Board?

(Yes/No)

Web

Link

the

https://www.hindustancopper.com/Page/CodeandPolicy

Policies,

https://www.hindustancopper.com/Page/HCLForum

available

https://www.hindustancopper.com/Page/Sustainability

Whether the entity has

translated

the

policy

Yes

into procedures. (Yes /

No)

Do the enlisted policies

extend to

your

value

chain

partners?

(Yes/No)

Hindustan Copper Limited-BRSR2023-24

Disclosure Questions

S. No.

Policy and management processes

ISO

Name

the

national

9001:2015

and

international

codes/

certifications/

ISO

labels/ standards (e.g.,

14001:2015

Forest

Stewardship

(at MCP)

Council,

Fairtrade,

ISO

Rainforest

Alliance,

ISO

14001:2015

Trustee)

standards

45001:2018

(at MCP)

(e.g., SA 8000, OHSAS,

(at MCP)

ISO, BIS)

adopted by

your

entity

and

ISO/IEC

mapped

each

17025:2017

principle.

(at TCP)

Specific commitments, goals and targets set by the entity with

Nil

defined timelines, if any.

Performance of the entity against the specific commitments,

goals and targets along with reasons in case the same are not

N.A.

met.

Governance, leadership, and oversight

Statement by director responsible for the business responsibility report, highlighting ESG related challenges, targets, and achievements (listed entity has flexibility regarding the placement of this disclosure)

7. HCL, a Mini Ratna Category -I Central Public Sector Enterprise under the Ministry of Mines, Government of India, is committed to achieve sustainability in terms of Environment, Social and Governance (ESG) aspects. HCL acknowledges its role in mitigating the impact of climate change and prioritizes environmental stewardship. As a responsible corporate organization, HCL is fully conscious of its societal responsibilities. The company places significant emphasis on Corporate Governance.

	Details of the highest authority responsible for	Shri Sanjiv Kumar Singh
8.	implementation and oversight of the Business
Director (Mining)
	Responsibility policy (ies).


	Does the entity have a specified Committee of the Board/
9.	Director responsible for decision making on sustainability	No
	related issues? (Yes / No). If yes, provide details.

Hindustan Copper Limited-BRSR2023-24

10. Details of Review of NGRBCs by the Company:

Indicate whether review was

undertaken by Director /

Frequency (Annually/ Half yearly/ Quarterly/

Subject for Review

Committee of the Board /Any other

Any other - please specify)

Committee

Performance

against

above

policies

and

Annually

follow up action

Compliance

with

statutory

requirements

of relevance

the

Yes

principles,

and

rectification of any non-

compliances

Has the entity carried out

independent assessment/

11.

evaluation of the working of

its policies by an external

agency? (Yes/No).

12. If answer to question (1) above is "No" i.e. not all Principles are covered by a policy, reasons to be stated:

Questions		P1	P2	P3	P4	P5	P6	P7	P8	P9

The entity does not consider the
principles	material	to its	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.
business (Yes/No)

The entity is not at a stage where
it is in a position to formulate	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.
and implement the policies on

specified principles (Yes/No)

The entity does not have the
financial	or/human	and	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.
technical resources available for

the task (Yes/No)

It is planned to be done in the	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.
next financial year (Yes/No)


Any other	reason	(please	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.
specify)