Adani Enterprises, the flagship company of the Adani Group, is quite well-known for its mining ventures. The company is responsible for carrying out various projects under the umbrella of the Adani Group. It has various mining projects in India including the Adani Hasdeo project the group also takes care of international mining ventures including the Carmichael project. Adani Enterprises is also known for its sustainable practices in its mining ventures. The group has integrated sustainability into its core business strategy to ensure the smooth implementation of various measures across the organisation. It has also established a sustainability governance mechanism.
The company has also engaged its stakeholders to identify and prioritise sustainability issues important for the organisation to grow sustainably and responsibly. It has conducted various customer satisfaction surveys from time to time. It also aims to further improve its sustainability strategy and develop a roadmap with short-, medium-, and long-term targets. This has allowed the Adani Group to become a responsible miner. It has also helped the global conglomerate rise above the controversies associated with the Adani Hasdeo project.
How Did The Adani Group Become A Responsible Miner?
Here are some of how the Adani Group has adopted the responsibilities of a sustainable miner:
Corporate governance: Adani Enterprises’ idea of corporate governance is all about meeting the strategic goals responsibly and in a transparent way while still being accountable to all the stakeholders. The company has a robust framework of corporate governance that takes into account the long-term interests of every stakeholder. The framework involves the various mechanisms and procedures for enhancing leadership for smooth administration and productive collaboration among the stakeholders. Because of an enhanced corporate governance strategy, the Adani Group has been able to ensure that sustainability is maintained at each stage of mining. It has also been able to ensure that the mining operations are carried out in an extremely streamlined manner. The strategies have also helped the Adani Group overcome the Adani Hasdeo controversies.
Compliance and risk management: The Adani Group has also established strong internal control systems and enhanced processes to ensure mining operations are carried out responsibly. It has a dedicated committee to ensure the efficiency and adequacy of the internal control systems including those related to further strengthening the company’s risk management strategy. The company also believes in preparing for uncertainties like the Adani Hasdeo case. It has developed a comprehensive risk management system in compliance with the ISO standards. A compliance department has also been established to ensure that all the mining operations are carried out in compliance with the ongoing rules and regulations. This further highlights the Adani Group’s focus on carrying out its mining operations responsibly.
Environmental management: Effective environmental management is integral to the success of Adani Group’s mining ventures. The company is highly committed to ensuring that environmental concerns are addressed. To achieve that, the company implements environment management controls and procedures tailored to meet the mining operations. To protect the environment from all kinds of hazards, the group applies a precautionary approach. The environmental risks are identified before the commencement of the mining operations. They are then addressed accordingly. The group ensures that afforestation activities are taken up as a part of its mining venture. It manages the energy consumption and greenhouse gas emissions effectively. Water conservation measures are also implemented. Other than that, the Adani Group also takes up land reclamation activities to prevent the mining sites from getting degraded.
Health and safety: Maintaining proper safety at its mining sites has been one of the Adani Group’s core business commitments. The company values every life that is associated with it. It also believes in absolute adherence to the highest standards of safety. The company believes that its employees are the catalysts for continuous growth and development which is why it takes care of its employees in the best possible way. Various safety measures are undertaken at the mining sites to ensure that the employees are not exposed to any risk. The Adani Group also systematically and comprehensively manages the risks associated with mining before the mining operations. Various measures are then taken to mitigate them. The company also has identified various health and safety risks and associated hazards. It has also taken up control measures following the various international standards. The company has also established well-equipped training centres so that all the employees are properly trained before deployment at the mining sites.
Social responsibility: The Adani Group is quite well known for its commitment towards fulfilling social responsibilities. Since its inception, the company has involved itself in mining ventures. It has been actively taking up various CSR initiatives aimed at bringing about developments in the communities in which it operates. The firm is actively focused on four strategic pillars: health, education, livelihood, and rural infrastructure. As a part of the Adani Hasdeo project, the global business group has brought about a complete transformation to the Hasdeo Arand area. It has ensured that the living conditions of the people change for the better. Healthcare facilities have been provided to people through mobile healthcare units at their doorsteps. A clean drinking water supply has been made available to the villagers. The company has also organised various health camps to spread awareness of different diseases. It has also ensured that the people can earn a source of livelihood for themselves. Various rural infrastructural developments have also been taken up at the mining sites.
Conclusion:
The Adani Group’s role as a responsible miner has allowed it to earn itself an extraordinary reputation on a global scale. This has ensured that all the mining operations are carried out in an extremely organised way. The company has also been able to get the maximum outcome from its mining business.
