International

GAIL RELEASES SUSTAINABILITY REPORT FOR THE FY 2014-15

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New Delhi: GAIL (India) Limited has released the Company’s Sustainability Report for the year 2014-15, becoming the first Public Sector Undertaking of the country to avail Content Index certified by Global Reporting Initiative (GRI), Amsterdam.

The report, on the theme ‘Fostering Responsible Growth’, was released here yesterday by B C Tripathi, Chairman and Managing Director, in the presence of M. Ravindran, Director (HR), Dr Ashutosh Karnatak, Director (Projects), Subir Purkayastha, Director (Finance), Ashutosh Jindal, Director, Anuradha Sharma Chagti, Director and other senior officials of the company.

The report, the fifth released by GAIL, marks the transition from GRI G3.1 to GRI G4 guidelines and is in line with GRI G4 Guidelines ‘in-accordance’ option core.

Speaking on the occasion, Shri Tripathi said “We believe in growth that is sustainable and inclusive while remaining deeply committed to ensuring the trust of our stakeholders.” He also noted that GAIL has been acknowledged among CDP India Leaders 2014 Climate Disclosure Leadership Index (CDLI) and is the only company in Utilities category among the top 22 India leaders.

GAIL has developed ‘Sustainability Aspirations 2020’, which are self-driven targets focused towards the reduction of Green House Gas (GHG) emissions, water consumption and specific energy intensity.

This year’s Sustainability Report is a materiality centric report and contains dedicated sections for each of the stakeholders. These material issues have been identified after a thorough materiality assessment and stakeholder engagement exercise which was conducted at 10 locations of GAIL amongst different stakeholder groups.

All Sustainability Reports of GAIL have been assured by external third party. Continuing the practice, this year’s Sustainability Report has been assured by DNVGL. This is a Type 2 Moderate level assured report based on AA1000AS (2008) standard. Assurance process includes data verification at different sites of GAIL that will continue to help GAIL improve its processes and data management mechanisms.

GAIL’s Corporate Sustainability Reports are available on the Company’s website www.gailonline.com . The report for 2014-15 was web hosted on the day GAIL AGM was held.