- The Company follows a strict Code of Conduct and encourages the reporting of irregularities via the whistle-blower mechanism
- Hindustan Zinc is consistently focused on ensuring regular mapping and mitigation of all risks that could potentially impact their business
Udaipur, 4th April 2022: Hindustan Zinc, India’s only and the world’s second-largest integrated zinc-lead-silver producer received the “Masters of Risk in Fraud Prevention & Ethics Management” in the Large-cap category at the 8th edition of The India Risk Management Awards during the award ceremony in Mumbai. The award was presented to the MAS (Management Assurance Service) team of Hindustan Zinc. Mr. Bhargav Dasgupta (MD & CEO, ICICI Lombard) along with Ms. Latha Venkatesh (Executive Editor, CNBC-TV 18) and Mr. Nirmalya Kumar (World-renowned Business Strategist) were the chief guests at the event.
On this occasion, Mr. Arun Misra, CEO said “At Hindustan Zinc the risk management profile is based on a highly transparent system in which teams at all levels are encouraged to report any type or category of risk via various online reporting platforms. This award is a testament to our systems and processes in place to mitigate risks and ensuring smooth operations, people management & compliance frameworks with a top to bottom management approach.”
The India Risk Management Awards recognize the organizations and teams that have significantly contributed to the understanding and practice of risk management. As a responsible corporate, Hindustan Zinc is committed to effective risk management, which is critical to the success of the company’s business. Hindustan Zinc is consistently focused on ensuring regular mapping and mitigation of all risks that could potentially impact their business. The company has implemented a well-defined risk management framework that allows them to identify, assess, categorise, address, and mitigate all relevant risks through a well-defined process with defined roles and responsibilities assigned at each stage.
Hindustan Zinc adheres to a strict Code of Conduct and encourages reporting of irregularities through the whistle blower mechanism. To prevent fraud, the Company has put in place a number of control measures. The Foreign Corrupt Practices Act (FCPA) and ethics training, updated SOPs, IT/authorization controls, and consequence management are used to carry out these measures.
About Hindustan Zinc Limited
Hindustan Zinc Limited (BSE: 500188 and NSE: HINDZINC), a Vedanta Group company, is the world’s largest integrated zinc producer and the third-largest silver producer. The company supplies to more than 40 countries and holds a market share of about 75% of the primary zinc market in India. Hindustan Zinc has been recognized as the world’s most sustainable company in the metals and mining category for the second consecutive year by the S&P Global Corporate Sustainability Assessment 2024, reflecting its operational excellence, innovation, and leading ESG practices. The company also launched EcoZen, Asia’s first low carbon ‘green’ zinc brand. Produced using renewable energy, EcoZen has a carbon footprint of less than 1 tonne of carbon equivalent per tonne of zinc produced, about 75% lower than the global average. Hindustan Zinc is also a certified 2.41 times Water-Positive company and is committed to achieving Net Zero emissions by 2050 or sooner. Transforming the lives of 1.9 million people through its focused social welfare initiatives, Hindustan Zinc is among the Top 10 CSR companies in India. As an energy transition metals company, Hindustan Zinc is pivotal in providing critical metals essential for a sustainable future.
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