ETHICAL BUSINESS PRACTICES OF RELIANCE INDUSTRIES LIMITED
Reliance Industries Limited is an leading company which is in Mumbai. The company operates in five major segment : exploration and production , refining and marketing , petrochemical , retail and telecommunication. RIL is the second - largest publicly traded company in India by market capitalisation and is the second largest company in India by revenue after Indian Oil Corporation.
Ethics and Values
Ethical behaviour at Reliance is about living and displaying values that core of Reliance's business ethics.
A description of how these values are to demonstrated is mention below
Honesty, integration and fairness
Reliance insist on honesty, integration and fairness in all aspects of its business and expects same relationship with every business associates. The company and its employee shall always honour all commitments. Employee at reliance limited are committed to be truthful and trustworthy in all their actions.
Respect
Reliance is committed to treat everyone with respect and dignity. Reliance believe that every individual working for the organisation has its contribution toward the success of company.
Purposefulness
Reliance sees all its activities in terms of higher purpose and ideals. The purposefulness is a way of operating which ties the company to its environment and the community in a mutual beneficial relationship.
Responsibility
Reliance's employees shall be committed to demonstrate highest levels of personal responsibility to Reliance in pursuit of excellence.
Citizenship
Reliance is committed to participating and achieving in every conceivable way to the progress and integrity of India.
Care
Compassion, sharing and kindness are values that Reliance tries to inculcate in its decision making process to achieve fairness. It is imperative that each on of it's employee gets intensely driven from heart towards upholding these values in their day to day conduct.
RELIANCE CONTRIBUTION TOWARDS SOCIAL WELFARE
Rural Transformation
Reliance has been addressing the challenges of rural communities through its rural transformation programme. Key initiative in this programme include building rural institutions, making villages water secure, mentoring producers companies and enabling alternative livelihood options on and off the farm.In addition to direct management , Reliance supported several organisation working in the field of rural development with an aim to benefit the rural community.
Institution Building
The programme empowers rural communities to organise themselves into Village Association , Producers Companies and Women Thrift Groups. These community level institution have facilitated the development of village level leadership for addressing local social development issues. Many of these institutions have taken up advocacy roles at different level.
Water Security
The programme aims to provide water security to village for irrigation and domestic use. Reliance works for conserving every drop of rain within the village. More than 73 billion litres of water harvesting capacity has been created since inception by constructing or renovating water harvesting structures, including earthen/masonry dams and check dams, farm ponds, open wells, etc.
Reliance supported Paani Foundation's Water cup initiative to ensure water security in Maharashtra. Through this initiative over 96 billion litres storage capacity has been created across 1,300+ villages.
Conclusion
We are very well aware that companies main objective is Profit Maximization but at the cost what?? At the cost of human life, exploitation of environment, harming animals or something else..In today scenario most of the companies do no care about the damage they did in order to produce profit ..but still there is companies like RELIANCE who really cares for the society, like other companies there goal is also profit maximization but they do care for the surrounding and contributing toward the welfare of society.
The main reason behind writing over this , is to make people aware about the good work done by Reliance for society ...
This is something which we should be aware off and should be really Thankful to Reliance..
Ethics and Values
Ethical behaviour at Reliance is about living and displaying values that core of Reliance's business ethics.
A description of how these values are to demonstrated is mention below
Honesty, integration and fairness
Reliance insist on honesty, integration and fairness in all aspects of its business and expects same relationship with every business associates. The company and its employee shall always honour all commitments. Employee at reliance limited are committed to be truthful and trustworthy in all their actions.
Respect
Reliance is committed to treat everyone with respect and dignity. Reliance believe that every individual working for the organisation has its contribution toward the success of company.
Purposefulness
Reliance sees all its activities in terms of higher purpose and ideals. The purposefulness is a way of operating which ties the company to its environment and the community in a mutual beneficial relationship.
Responsibility
Reliance's employees shall be committed to demonstrate highest levels of personal responsibility to Reliance in pursuit of excellence.
Citizenship
Reliance is committed to participating and achieving in every conceivable way to the progress and integrity of India.
Care
Compassion, sharing and kindness are values that Reliance tries to inculcate in its decision making process to achieve fairness. It is imperative that each on of it's employee gets intensely driven from heart towards upholding these values in their day to day conduct.
RELIANCE CONTRIBUTION TOWARDS SOCIAL WELFARE
Rural Transformation
Reliance has been addressing the challenges of rural communities through its rural transformation programme. Key initiative in this programme include building rural institutions, making villages water secure, mentoring producers companies and enabling alternative livelihood options on and off the farm.In addition to direct management , Reliance supported several organisation working in the field of rural development with an aim to benefit the rural community.
Institution Building
The programme empowers rural communities to organise themselves into Village Association , Producers Companies and Women Thrift Groups. These community level institution have facilitated the development of village level leadership for addressing local social development issues. Many of these institutions have taken up advocacy roles at different level.
Water Security
The programme aims to provide water security to village for irrigation and domestic use. Reliance works for conserving every drop of rain within the village. More than 73 billion litres of water harvesting capacity has been created since inception by constructing or renovating water harvesting structures, including earthen/masonry dams and check dams, farm ponds, open wells, etc.
Reliance supported Paani Foundation's Water cup initiative to ensure water security in Maharashtra. Through this initiative over 96 billion litres storage capacity has been created across 1,300+ villages.
Conclusion
We are very well aware that companies main objective is Profit Maximization but at the cost what?? At the cost of human life, exploitation of environment, harming animals or something else..In today scenario most of the companies do no care about the damage they did in order to produce profit ..but still there is companies like RELIANCE who really cares for the society, like other companies there goal is also profit maximization but they do care for the surrounding and contributing toward the welfare of society.
The main reason behind writing over this , is to make people aware about the good work done by Reliance for society ...
This is something which we should be aware off and should be really Thankful to Reliance..
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