Business Wire India
The company follows a vigilant risk management system and encourages the reporting of risks via digital interventions
Hindustan Zinc is consistently focused on ensuring regular mapping and mitigation of all risks that could potentially impact their business
Hindustan Zinc, India’s only and the world’s second-largest integrated zinc producer received the “Masters of Risk Jury Award in Metals & Mining and ESG Specialization” at the 9th edition of India Risk Management Awards during the award ceremony in Mumbai. The award was received by Sandeep Modi, Chief Finance Officer Hindustan Zinc and Rohit Sarda, Chief of Internal Audit & Risk Management Hindustan Zinc by Mr K.V. Kamath (Chairman NaBFID).
On this occasion, Mr. Arun Misra, CEO said “Risk management & mitigation is an important aspect of Hindustan Zinc’s business operations which is based on a highly transparent system in which teams at all levels are encouraged to report any type or category of risk via online reporting platforms. This award is a testament to our systems and processes in place to mitigate risks and ensuring smooth operations, people management & compliance frameworks with a top to bottom management approach.”
The India Risk Management Awards recognize the organizations and teams that have significantly contributed to the understanding and practice of risk management. As a responsible corporate, Hindustan Zinc is committed to effective risk management, which is critical to the success of the company’s business.
The company focusses on ensuring regular mapping and mitigation of all risks that could potentially impact its business. Hindustan Zinc has transformed the Risk Management program by enhancing risk identification, assessment, mitigation and monitoring process through digitalized platform in the SAP module which has created a risk intelligent culture across organization. Risk management is embedded in their culture and employees are encouraged and empowered to report risks through digital solutions, including the SAP risk management module.
Hindustan Zinc adheres to a strict Code of Conduct and encourages reporting of irregularities through the whistle blower mechanism. The company has also been the recipient of ISO certifications in Business Continuity Management, Security Management Systems along with Masters of Risk in Fraud Prevention & Ethics Management.