Sustainability reporting for Amtek Auto, Dharuhera (Plot 1)
Student name: Ms Ankita Garg Guide: Dr Kaushik Ranjan Bandyopadhyay Year of completion: 2011 Host Organisation: Amtek Auto Ltd. Supervisor (Host Organisation): Mr Munish Kumar Suri Abstract: Most see sustainability as a PR buzzword, and they engage only in green-washing, rather than truly making themselves accountable for their impacts, or contributing towards sustainable development of the nation. In other words, there is still lack of clarity as to what sustainability reporting actually means and how far it should be integrated into annual reports.
Amtek is into the automotive sector for the past 25 years and has given competition to its counterparts in everything. Annually it comes up with its financial reporting but it has done a lot of work towards environment and society as well. The mere fact is that it has not been brought in front of the stakeholders. This report is a initiation for structuring and presenting a Sustainability report for Amtek Auto but in the beginning just one manufacturing site i.e. Plot 1, Dharuhera (Vision) has been taken into consideration and efforts are been made to come up with the positive as well as negative points of the company.
Nowadays, increasingly companies understand and are becoming more familiar with the relevance of sustainability, that it is more than just PR reputational issues. They have finally got to seek the real meaning of it i.e. it’s about strategic competitive advantage and cost reduction for all the core business agenda issues. Amtek has also over a period of time understood its significance.
The report has been guided using the secondary data for its observation and analysis but looking to the criticality of the data, it is verified and interacted with the concerned person whenever required because the objective of the study is to get in-depth information about the past, present and future activities of Amtek towards the sustainability issues.
The report has followed the GRI guidelines and involves various indicators within its three categories i.e. financial, environmental and social. A step by step process has been followed to make the sustainability report so as to understand every minute strategy of Amtek’s action. The work that Amtek has done in the field of environmental and social aspect is applaudable, it’s just that it is not visible by its stakeholders otherwise Amtek would have got a wide recognition and goodwill from the people.
Amtek has understood that financial performance is no longer the exclusive driver for businesses. It is important to include their social and environmental role too. Therefore the activities like community relationship, emission measures; strategic plans which were not yet disclosed have found a way out through this report. The gathering of information on the company’s sustainability impacts and its communication will enable Amtek to identify operational shortcomings, inefficiencies and risks. The identification of these weaknesses is the first step towards the improvement of internal systems and process and likewise they can improve upon on other activities, which will result in reduced cost and a way forward towards sustainability.
In this report focus has been on the issues which are shared areas of concern and on which Amtek will engage with key stakeholders in order to identify collaborative solutions. Amtek’s initiation to have a separate sustainability report indicates that Amtek is trying to understand the relevance in a more holistic way. Amtek wants to use this reporting as a means to be accountable to its stakeholders for the environmental, social and financial performance.