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Care
for all Stakeholders :
The companies should respect the interests of, and be responsive towards all
stakeholders, Including shareholders, employees, customers, suppliers, project
affected people, society at large etc. and create value for all of them. They
should develop mechanism to actively engage with all stakeholders, inform them
of inherent risks and mitigate them where they occur.
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Ethical
functioning :
Their governance systems should be underpinned by Ethics, transparency and accountability.
They should not engage in business practices that are abusive, unfair, corrupt
or anti-competitive. |
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Respect
for Workers' Rights and Welfare :
Companies should provide a workplace environment that is safe, hygienic and humane
and which upholds the dignity of employees. They should provide all employees
with access to training and development of necessary skills for career advancement,
on an equal
and non-discriminatory basis. They should uphold the freedom of association and
the effective recognition of the right to collective bargaining of labour, have
an effective grievance redressal system, should not employ child or forced labour
and provide and maintain equality of opportunities without any discrimination
on any grounds in recruitment and during employment
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Respect
for Human Rights :
Companies should respect human rights for all and avoid complicity with human
rights abuses by them or by third party
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Respect
for Environment :
Companies should take measures to check and prevent pollution; recycle, manage
and reduce waste, should manage natural resources in a sustainable manner and
ensure optimal use of resources like land and water, should proactively respond
to the challenges of climate change by adopting cleaner production methods, promoting
efficient use of energy and environment friendly technologies.
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Activities
for Social and Inclusive Development
:
Depending upon their core competency and business interest, companies should
undertake activities for economic and social development of communities and geographical
areas, particularly in the vicinity of their operations. These could include:
education, skill building for livelihood of people, health, cultural and social
welfare etc., particularly targeting at disadvantaged sections of society
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