Reliance Industries Limited.
RELIANCE.NSE | Manufacture of refined petroleum products
Reliance Industries Limited is a large, diversified Indian conglomerate. Its primary business activities encompass hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail, and telecommunications. While the company has expanded significantly into retail and te...Show More
Better Health for All
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The Oil to Chemicals business constitutes 92.04% of the entity's standalone turnover, which is associated with negative health consequences. The company reported 3 worker fatalities in FY 2024-25. Material Safety Data Sheets are shared with customers and available online. The company's core Oil to Chemicals business has inherent health-harming externalities, but it provides air emissions data and has a 97% waste recycling rate. The company's CSR spend was ₹ 1,309 crore, which is approximately 0.235% of its standalone value of sales and services. The company has a cybersecurity framework and a public data privacy policy, reporting zero instances of data breaches. Health programs addressed mental health in one intervention area, and the company plans to introduce a positive mental health clinic. The company conducts health awareness campaigns and employs health educators. The provided articles do not indicate that the company operates as a pharmaceutical company, produces or sells food products, or conducts clinical trials. The articles also do not indicate that the company's products have addiction potential. In contrast, 85.75% of patients in one program received free treatment, and the company provides free medication through Mobile Medical Units. CSR projects benefit over 1 crore people, with 100% of beneficiaries from vulnerable and marginalized groups. The company introduced robotic liver transplants, AI-driven healthcare, telemedicine, and E-Clinics. The company trains 80 students across 19 DNB programs and employs MBBS doctors, health educators, and trained nurses in its outreach programs. 94.6% of patients in one program visited for routine check-ups, emphasizing preventive care, and the company conducts extensive screenings and awareness campaigns. The company received awards for its COVID-19 response and responded to seven disasters across 13 states.
Fair Money & Economic Opportunity
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Jio Financial Services (JFSL) reported no fines, penalties, or punishments in proceedings with regulators, law enforcement agencies, or judicial institutions in FY25.
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Reliance Industries Limited (RIL) also reported no such findings in its FY 2024-25 Business Responsibility and Sustainability Report.
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JFSL's CSR spend was ₹4.71 crore in FY25, while its turnover was ₹805.56 crore, indicating approximately 0.58% of turnover allocated to CSR.
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RIL's CSR spend was over ₹305 crore in FY 2024-25, with a turnover of ₹5,57,163 crore, resulting in approximately 0.05% of turnover.
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JFSL aims to promote financial literacy by organizing educational sessions for the younger generation, but the report provides no specific details on the programs, their reach, or measured outcomes.
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Fair Pay & Worker Respect
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100% of permanent workers are part of associations or unions in FY24-25.
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The Lost Time Injury Frequency Rate (LTIFR) for employees was 0.32 and for workers was 0.18 per million person-hours in FY24-25, with 3 worker fatalities reported in the same period.
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The median pay for female employees was ₹8,49,148 and for male employees was ₹7,55,689 in FY24-25, resulting in a female-to-male pay ratio of approximately 1.12:1.
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For workers, the median pay for females was ₹14,83,174 and for males was ₹12,67,765, a ratio of approximately 1.17:1.
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The permanent employee turnover rate was 12% and the permanent worker turnover rate was 12% in FY24-25.
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The company reported zero complaints regarding sexual harassment, discrimination, child labor, forced labor, or wages in FY24-25, but a monetary penalty of ₹30 lakh was imposed by SEBI for an alleged insider trading violation in FY22-23.
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100% of permanent and other than permanent employees and workers are covered by health insurance in FY23-24 and FY24-25.
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Fair Trade & Ethical Sourcing
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Reliance Industries Limited sources 31% of its spend by value from suppliers with a Silver or higher EcoVadis sustainability rating, which the company classifies as sustainable.
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The company reported zero complaints regarding child labor or forced/involuntary labor for the financial years 2023-24 and 2024-25, and EcoVadis assessments of value chain partners revealed no significant risks in this regard.
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All business agreements embed the Business Partner Code of Conduct (BPCoC) and Supplier Code of Conduct (SCoC), which uphold ethical standards including human rights.
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For its Exploration & Production unit, 99% of Contracts/Purchase Orders are covered by compliance to the BPCoC.
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Additionally, 13.5% of the total domestic sourcing by value is directed to local suppliers and contractors within a 100-kilometer radius of its plants.
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Honest & Fair Business
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The provided articles primarily detail Reliance Industries Limited's financial performance, market capitalization, and business segment revenues. While there are general mentions of a Risk Management Framework and an integrated approach to ESG governance, no specific, concrete data points were found regarding regulatory fines, transparency index scores, whistle-blower policy details, financial restatements, audit coverage percentages, ESG controversy scores, complaint resolution times, board conflict of interest percentages, anti-corruption policy strength, or the extent of third-party verification of ethical claims.
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Kind to Animals
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Reliance's Vantara initiative, a 3,500-acre wildlife rescue, conservation, and rehabilitation center, houses over 150,000 animals across 2,000 species.
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However, the Convention on International Trade in Endangered Species (CITES) conducted a fact-finding mission in India due to concerns regarding the volume and legality of animal transfers to Vantara, finding gaps in India's due diligence that could allow trade in contravention of the Convention.
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CITES urged India to review import procedures and recommended halting imports of endangered species.
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The Supreme Court ordered an investigation into Vantara regarding alleged unlawful animal acquisition, violations of wildlife regulations, and money laundering, though a Special Investigation Team (SIT) later found no violations.
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The facility's location near a polluting petrochemical complex also raises concerns about animal health.
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Reliance Foundation supports two gaushalas for over 5,000 cows and other animals, and organized livestock camps provide veterinary health services and advisories on animal health, disease prevention, and feeding practices.
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An algal feed ingredient was developed to replace an environmentally regressive ingredient in fish meal and poultry feed applications.
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No War, No Weapons
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Reliance Industries Limited (RELIANCE.NSE) does not have explicit evidence of involvement in arms manufacturing, military contracts, or dual-use technology development. The company's annual reports (Articles 6, 7, 8) detail business segments such as Oil to Chemicals, Digital Services, Retail, Oil and Gas, and Media & Entertainment, none of which are stated to include defense activities.
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While Article 4 mentions 'RELIANCE Defence Ltd. (part of Reliance Group)' signing arms production agreements, this entity is not identified as RELIANCE.NSE (Reliance Industries Limited) in the provided context, and RELIANCE.NSE's own reports do not reflect such activities.
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No specific data is provided regarding the percentage of RELIANCE.NSE's supply chain certified free from conflict minerals.
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The company's Business Responsibility and Sustainability Report (Article 6) states adherence to the principles of the United Nations Global Compact (UNGC) and has a Code of Conduct, but these do not explicitly align with the specific requirements for UN Guiding Principles on Business and Human Rights (UNGP) or codified ethical 'red lines' related to weapons categories as defined in the rubric.
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Planet-Friendly Business
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No relevant information or specific data points regarding Reliance Industries Limited's planet-friendly business practices could be extracted from the provided articles, as all articles were either incomplete or indicated that the page was unavailable.
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Respect for Cultures & Communities
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Reliance Industries Limited (RIL) has 42 implementation partners, 687 local partners, 55 regional-level partners, and 12 national-level partners for its Rural Transformation initiatives.
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The company's procurement spending directed to local suppliers (within a 100-km radius of its plants) is 13.5% of its total domestic sourcing by value.
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RIL is renovating the Kalighat Temple in Kolkata.
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Reliance Foundation's Rural Transformation program provides information on agricultural practices in 10 Indian languages to farmers and fisherfolk.
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Safe & Smart Tech
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No evidence available to assess Reliance Industries Limited on Safe & Smart Tech.
Zero Waste & Sustainable Products
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Reliance Industries Limited (RIL) achieved a 97% waste diversion rate through recycling, reuse, and recovery in FY 2023-24.
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For Polyester Staple Fibre (PSF) & Polyester Fibre Fill (PFF), recycled or reused input material constituted 4.2% of total material in FY 2023-24.
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The company aims to achieve Net Carbon Zero by 2035.
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RIL complies with Extended Producer Responsibility (EPR) Guidelines and Plastic Waste Management Rules, and all manufacturing sites are ISO 14001 certified.
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The company ensures customers receive product information, including safety data sheets and usage instructions for petrochemical products.
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For hazardous waste management, RIL obtains 'Authorisation' from the State Pollution Control Board (SPCB) and fully complies with the conditions.
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No waste disposal violations were reported in the past three years.
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RIL's strategy includes comprehensive engagement with all suppliers via a Code of Conduct to ensure alignment with the company’s sustainability vision and performance expectations.
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