We believe integration of sustainability tools in our manufacturing process is our responsibility towards environment and society. Gloster Limited emphasizes on maintaining balance between improvement of human life quality with innovative products and rejuvenating capacity of earth
Concern for society and environment besides financial growth drive businesses towards corporate sustainability. We, at Gloster Limited rely on the triple bottom approach, whereby we believe that the long term value of business is inherently dependent on social, environmental and financial performance of the company.
With growing awareness and government regulations, consumers are becoming conscious about environmental degradation and demand for environment-friendly products is increasing in the global market.
We believe integration of sustainability tools in our manufacturing process is our responsibility towards environment and society. Gloster Limited emphasizes on maintaining balance between improvement of human life quality with innovative products and rejuvenating capacity of earth.
We have incorporated several measures in all spheres of operation to tackle the alarming issues of climate change, erratic weather conditions, unavailability of resources, temperature fluctuation etc.
Our initiatives on energy efficiency, energy conservation emission reduction address India's commitment of determined contribution to climate change adaption at Paris Agreement, 2015 of United Nations Framework on Climate Change. We are adopting methods to minimize the use of conventional natural resources.Our replacement of our existing coal fired boilers to jute waste fired boilers has led to reduction of coal consumption in our production process. Financial Year 2018-19 earmarked the achievement of complete elimination of coal from our operation, which has considerably reduced our greenhouse gas emission. Besides energy efficiency, modernization and upgradation of machineries at our mills have resulted in reduction in usage of other fossil fuels. Our adept technical team constantly strives to transform our Mill into a low carbon plant. Rigorous researches are carried out by our Research and Development team to expand and diversify our product portfolio and deploy innovative methods of responsible production.
Water is a crucial resource in our industry. Irrespective of its ample availability in West Bengal, Gloster Limited aims to reduce its water footprint by rainwater harvesting, recycling water and fully utilizing treated water from our Effluent Treatment Plants (ETPs). Gloster Limited has comprehended the upcoming demand for responsibly sourced materials. We make considerable investment every year to promote organic farming in West Bengal. Our organic material receives recognized certifications from International Marketocology Organization (IMO) for fulfilling the requisites of organic cultivation and processing. In collaboration with IJIRA and CRIJAF, Gloster Limited is carrying out research on enzymatic retting of jute in lesser than twenty-one days, that is, the time required for conventional retting proces and for upgradation of jute thus retted.
We believe that our employees are the most precious resource and our strength lies in our people who are capable, efficient and experienced. Gloster Limited organizes training programmes regularly for skill enhancement of employees providing them with updates on current production scenario. It can be said that we focus on every local aspect to continue manufacturing high quality traditional products that are environmentally safe and have the potential to succeed at the global market. Gloster Limitedís social, environmental and financial performance in FY 2018-19 is disclosed in this sustainability report for our stakeholders to understand and contribute in our mission of promoting sustainable activities. This report is prepared every year in consultation with stakeholders according to GRI Standards Framework. That helps the organization to streamline existing processes , reduce cost and improve efficiency by mapping potential risks and oppurtunities.