The Business Sustainability division at JSPL was set up in July 2014 to ensure that the pace of growth of the company was matched with a holistic and long term approach. The entire establishment of this division was based on a simple principle of Conceive – Cast – Collaborate.
Conceive – Prior to setting up JSPL’s Business Sustainability Division we took a deep internal check on what sustainability meant for JSPL. 3 sets of employee surveys alongside brainstorming sessions with the top management led to our understanding that sustainability at JSPL signifies JSPL’s overall business longevity such that the company’s growth is not just speedy but also holistic and authentic.
Cast – JSPL’s business sustainability has subsequently been cast within the organization in such a way that sustainability permeates through various business and processes of the company. It is placed as a central node that oversees different functions within the company that are related to the longevity of JSPL’s business. In addition to leading the Business Sustainability Division, the Chief Sustainability Officer is also part of the CEO’s office, and also reports in to the Honourable Chairman for all issues related to JSPL’s social commitment. This unique organization structure ensures that best practices are identified and rolled out strategically in all critical aspects of JSPL’s business.
Collaborate – JSPL’s business sustainability is a cross functional concept such that collaboration across the company is key towards ensuring its long term success. The commitment to sustainability from the different business heads at JSPL is vital. Thereafter the implementation of various best practices for long term success also relies on a deep and thorough collaborative effort across the company.
JSPL’s corporate identity
Despite its large size JSPL is in essence a social enterprise. Led from the front by its top management, the company has embedded social commitment into the DNA of its business model. At its core, therefore, the company is committed to the ideal of nation-building through innovation, which, in turn supports its growth and builds its resilience.
Evolution of JSPL’s business
Evolution of JSPL’s business and industry overview 2013-2014
JSPL’s Financial snapshot
|(on Standalone basis, for details please refer to Annual Report 13-14)
|Direct Economic value generated (crore)
|Gross revenues from operations
|Net revenue from operations
|Economic value distributed (crore)
|Major operating costs
|Employee wages and benefits
|Payments to providers of capital
|Total capitalization (broken down in terms of debt and equity) (crore)