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Kirloskar Oil Engines Limited releases its first corporate sustainability report

Pune: Kirloskar Oil Engines Limited’s maiden Corporate Sustainability report was released in public domain on 7th March 2011. Mr. Ganesh N. Phalke, former Jt. Director Industrial Safety & Health who was the guest of honour released the sustainability report along with Mr. Atul Kirloskar, Chairman and Managing Director, KOEL during the prize distribution function of the safety competitions, at Kirloskar Oil Engines recreation center at Pune. The report is based on GRI- G3 Guidelines and it focuses on capturing triple-bottom line performance for the FY 2009-10.

The report after being checked and validated by Gobal Reporting Initiative (GRI), Netherland has been awarded the highest application level check of A+. KOEL is the first engine manufacturing company in India, who have released the Corporate Sustainability Report & received highest level check certification in their maiden effort. This topmost rating testifies KOEL’s position as an environmentally conscious company, integrating business principals with sustainable development. KOEL has been continuously focusing & investing for developing and manufacturing environment friendly products and will continue to do so in the future . Energy Conservation activities at KOEL are very focused and have received lot of awards & recognitions at National & State levels from the Ministry of Power, CII, Govt. Of Maharashtra etc.

Speaking on the ocassion Mr. Ganesh N. Phalke who also was the Principle Advisor to the Bombay Chamber of Commerce and Industries congratulated Kirloskar Oil engines Limited for achieving the highest A+ rating and said that “Sustainable development should be of utmost importance to all and one has to give priority to Safety, Health and Environment“.

Next year onwards KOEL plans to set specific sustainability related goals & targets.

Mr. Ganesh N. Phalke and Mr. Atul Kirloskar releasing KOEL‘s sustainability report. Also seen in the picture are Mr. R.R Deshpande, Executive Director and Mr. Sanjay D. Parande CFO.


Kirloskar Oil Engines Limited releases its Corporate Sustainability Reports