Jubilant Organosys gets recognition from IFC

Jubilant Organosys Ltd has announced that the Company's Corporate Sustainability Program has received simultaneous dual recognition from International Finance Corporation (IFC), USA and CII.

The Company's Corporate Sustainability Program features in IFC's new international report entitled "Market Movers: Lessons from a Frontier of Innovation" detailing stories of tour Companies from emerging markets that have pioneered business strategies. The Report was formally released by IFC at the recent CII Sustainability Summit.

IFC, a member of the World Bank Group, has developed the 'Market Movers' Report jointly with SustainAbility (UK), an independent think-tank that specializes in the business risks and market opportunities of corporate responsibility and sustainable development. The Report cites the Company, 'As a Company that has been able to reassure and attract existing customers and Investors by efficiently building Sustainability into it's business model and sustained reporting of it's Initiatives in this area".

In another achievement, the Company was also honoured with a special award for 'Commitment to Sustainability' by CII at its recent Sustainability Summit.

The CII Award was preceded by a comprehensive audit at the Company's manufacturing locations and several rounds of meeting with senior management to understand the Company's Corporate Sustainability Strategy. The Award is a validation of the high level of integrity demonstrated by the Company's Corporate Sustainability Program in successfully managing stakeholder expectations.

Speaking on the occasion, Mr. Shyam Bhartia, Chairman and Managing Director and Mr. Hari Bhartia, Co-Chairman and Managing Director of the Company said "We are proud that Jubilant's Corporate Substantially Program has he recognised by institutions like IFC and CII, with widely respected benchmarks for measuring the impact of Corporate Sustainability Programs. Jubilant has continued to focus on going beyond legislative requirements to voluntarily building stakeholder feedback into its business model. The Company believes that for business sustainability and longevity, it has to play its part as a responsible corporate citizen, by focusing on the triple bottom- line approach of addressing economic, environmental and social concerns."