Bharat Petroleum the Winner of Golden Peacock Award for Sustainability for the year 2018-19

Bharat Petroleum the Winner of Golden Peacock Award for Sustainability for the year 2018-19

New Delhi: Bharat Petroleum has been declared the Winner of ‘Golden Peacock Award for Sustainability’ for the year 2018-19 under National Category.
 
The Golden Peacock Award Trophy and a Certificate is scheduled to be presented, at a specially organised 'Golden Peacock Awards Presentation Ceremony' on 14th November 2019, in London.
The Award Scheme for Sustainability has been instituted to encourage initiatives in promoting sustainable development. The urgency and magnitude of the risks and threats to our collective sustainability, alongside increasing choices and opportunities, will make transparency about economic, environmental, and social impacts a fundamental component in effective stakeholder relations, investment decisions, and other market relations. Transparency about the sustainability of organizational activities is of interest to a diverse range of stakeholders, including business, labor, non-governmental organizations, investors, accountancy, and others.
 
The aim of Golden Peacock Global Award for Sustainability is to stimulate and help organizations to rapidly accelerate the pace of stake-holder oriented improvement process. It is a powerful self-assessment process and a way to build an organizations’ brand equity on 'SUSTAINABILITY'. The preparation for the award helps to inspire and align the entire work force, and management functions to this end. The knowledge gained by the organization in describing and self-assessing it's operations would lead to IMPROVED organizational performance in this field. To objective is to assess the extent of:
Responsiveness of organizational strategy to the needs of different stakeholders;
Integration of Sustainable Development issues with corporate functioning;
Development of innovative partnership models to fulfill social responsibility.

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