VISION AND ALIGNMENT
CSR at Sterlite Tech is seamlessly interwoven in its business operations. Connectivity, Innovation and Sustainability are not only the predominant criteria for all the company’s businesses, but also the overarching themes to create Shared Value.
The UN’s Sustainable Development Goals and 10 principles of the UN Global Compact Network have a strong influence on how Sterlite plans and implements its CSR and Sustainability initiatives. This approach has not only ensured that Sterlite be a responsible corporate entity in the geographies it operates in, but also enabled it to focus on sustaining its triple bottom line impact through "green-clean-lean" technologies.
Sterlite’s Sustainability vision - “Be responsible leaders in ensuring India’s connected future is inclusive for all” is positioned on four key pillars –
Delivering life changing services and technologies to empower communities.
Environment: Developing system-wide approaches that will reduce Sterlite Tech’s eco-footprint ensuring economic returns in the long run
People: Ensuring that people are healthy, safe, engaged and inspired to drive inclusive, equitable growth
Conduct: Creating ethical and sustainable practices, policies, and business models that will support and align to business growth and the economic development of communities.
These, along with a detailed CSR policy set out the road-map that enables Sterlite to leverage its expertise to ensure holistic development of people and communities.
To ensure transparency in operations, accounting and reporting; quality implementation of each initiative and complete focus; Sterlite has set up Sterlite Tech Foundation (STF), a not-for-profit corporate foundation. All CSR initiatives are implemented through STF. This approach guarantees proper alignment of the projects with Sterlite’s core focus areas as well as identifies and appropriately addresses the needs of communities the company operates in.
AREAS OF FOCUS
Based on Sterlite Tech’s sustainability vision and the four key pillars it is anchored on; the company has selected specific thematic areas for conducting its CSR and Sustainability work. These include –