UN Global Compact Report at Rio +20 Conference features HCC as only Indian company amongst ten global company case studies
Mumbai, June 18, 2012 :
HCC (Hindustan Construction Company), a leading infrastructure construction and development company, has the rare distinction of being the only Indian company to be featured in the Climate Report issued by the United Nations Global Compact and United Nations Environment Programme.
The UN report titled 'Business and Climate Change Adaptation: Toward Resilient Companies and Communities' presents ten case studies from amongst ten global companies. These cases illustrate how businesses are responding creatively and effectively to address climate change opportunities, risks, and impacts in developing countries and emerging economies. HCC's initiatives have been featured among the case studies of ten global companies, including Coca Cola, Nokia and Eskom. The HCC case study highlights its efforts towards water neutrality and showcases its initiatives at two HCC projects---the Strategic Oil Storage Cavern project at Visakhapatnam and the Delhi-Faridabad Elevated Expressway.
At the Vizag Cavern Project, HCC installed a wastewater treatment plant to utilize the seepage waste water for construction thus completing construction without external water supply to the project even during severe water scarcity in the region. Installation of the plant enabled HCC to recycle and reuse nearly 95 percent of the waste water for the project for drilling, dust suppression, concrete curing and other activities.
In the Delhi-Faridabad elevated expressway project, water resources were of particular concern in this low-rainfall part of the country. HCC implemented several measures to conserve, recycle, and reuse water, including creation of an artificial rainfall-fed pond and rooftop rainwater harvesting. The most notable of HCC's efforts was a unique model for harvesting run off rainwater from the expressway itself as a way to recharge aquifers in the surrounding area.
Commenting on the unique honour, Mr Ajit Gulabchand, Chairman and Managing Director, HCC
said, "It is indeed a great honour for the HCC group as well as India that an Indian company features among the 10 companies at the global level. As a responsible corporate, HCC has recognized that sustainable and responsible development is absolutely inevitable and is committed to the cause of nurturing environment along with the economic development and be a role model."
Towards its commitment to water security, HCC works with a designated point person at each project site - a 'water champion' - to assess water impacts; conduct technical, social, and cost analysis of feasible water interventions; agree on measures to be implemented; and monitor and evaluate progress. The Company conducts public consultation processes to collect primary data, inputs, and perspectives from local communities, sometimes in collaboration with local civil society groups. HCC takes a '4 R' approach to water interventions (reduce, reuse, recycle, recharge) at its construction sites, where it is typically on the ground for two to six years, and also in longer-term BOT (Build, Operate, Transfer) projects.
HCC is the first Indian signatory to the CEO Water Mandate, comprising more than 80 companies whose chief executives have committed to individual and collective action to advance water stewardship in their own operations as well as in their supply chains, watersheds and communities.
For accessing the above report "Caring Business and Climate Change Adaptation: toward Resilient Companies and Communities" please click here
About the Rio+20 Corporate Sustainability Forum:
Hosted by the UN Global Compact, in cooperation with the Rio+20 Secretariat, the UN System and the Global Compact Local Network Brazil, the Rio+20 Corporate Sustainability Forum (15-18 June 2012) seeks to bring greater scale and quality to corporate sustainability practices, as a critical contribution to sustainable development. As a showcase for innovation and collaboration, the Forum is designed to be a launching ground for widespread action. With more than 2,000 participants in attendance, the Forum features over 100 sessions focused on six themes central to the Rio+20 agenda: Energy & Climate, Water & Ecosystems, Agriculture & Food, Social Development, Urbanization & Cities, and Economics & Finance. www.compact4rio.org
About the UN Global Compact
Launched in 2000, the United Nations Global Compact is a both a policy platform and a practical framework for companies that are committed to sustainability and responsible business practices. As a multi-stakeholder leadership initiative, it seeks to align business operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption, and to catalyze actions in support of broader UN goals. With 7,000 corporate signatories in 135 countries, it is the world's largest voluntary corporate sustainability initiative. www.unglobalcompact.org
HCC is a business group of global scale developing and building responsible infrastructure through next practices. With an engineering heritage of nearly 100 years, HCC has executed a majority of India's landmark infrastructure projects, having constructed 25% of India's Hydel Power generation and over 50% of India's Nuclear Power generation capacities, over 3,100 lane km of Expressways and Highways, more than 200 km of complex Tunneling and over 324 Bridges. HCC's landmark projects include the Bandra Worli Sea Link, Mumbai - India's first and longest open sea cable-stayed bridge; the Calcutta Metro, Farraka Barrage and India's largest nuclear power plant at Kudankulam - Tamil Nadu, to name a few. Today, HCC Ltd. serves the infrastructure sectors of Transportation, Power and Water. The HCC Group, with a group turnover of Rs 8,157 Cr (US$ 1.603 billion), comprises of HCC Ltd, HCC Infrastructure Co. Ltd, HCC Real Estate Ltd, Lavasa Corporation Ltd and Steiner AG in Switzerland.