Reliance Industries Limited – Towards a Sustainable Future

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SUSTAINABILITY

ASSIGNMENT ON:

Reliance Industries Limited – Towards a Sustainable Future

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Submitted to: Prof. Sneha Thapliyal

By

Sudeep Bora

2015PGP380

Section: D

Reliance Industries Limited –

Towards a Sustainable Future

About RIL

Reliance Industries Limited (RIL) is arguably India's largest private sector Company on key financial parameters. It is one of the most significant global players in the energy value chain, and has a booming presence in retail and digital services in India. Being a company built on strong values, RIL is heavily rooted in the culture of safety, integrity and commitment. Its vision of partnering India's economic growth and social wellbeing is something which is a driving pillar for this organization. RIL aims to be a product as well as service leader across its industries, a great employer and a value creator for all its stakeholders. With its focus on its motto “Growth is life”, it has been able to surpass all its competitors to become a Fortune 500 company and become the largest private sector corporation in India.

“Our mission is to continue growing as a responsible organisation that believes in enriching lives of those around us.” 

These words of Shri Dhirubhai H. Ambani, Founder Chairman of RIL, imbibe the spirit that this organization drives towards sustainability.

Pillars of Sustainability at RIL

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Energy Management

RIL has signed a 15 year heavy crude oil supply contract and a MoU with PDVSA to develop Venezuelan oil fields. In 2013-14, RIL launched one of the world’s largest petcoke gasification projects at Jamnagar to maximise value addition and provide sustainable long-term advantage, till date a record 68 MMT of crude processed at Jamnagar at 110% utilisation rate. This project has achieved 110% capacity utilisation against average utilisation rates of 85% in North America, 76% in Europe and 85% in Asia. RIL’s Jamnagar Complex has become the petroleum hub of the world and represents about 2% of global crude processing capacity.

Irrespective of the form it is used in, energy is a scarce and valuable commodity. RIL, through its energy vision ensures the deliberate practice and makes continuous attempts to save electricity, fuel oil, gas or any other conventional resource. RIL engages in multiple energy conservation initiatives with the main aim of reducing environmental pollution per unit of industrial output.

The world relies a lot on coal, oil and natural gas for its energy requirements. Renewable energy resources, such as wind and solar energy are constantly replenished. Even with a lower contribution, renewables are becoming increasingly important with every passing moment. It is for this reason RIL invests heavily on its strengths around renewable energy systems