Mazagon Dock Shipbuilders Limited (MDL) has released its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26. The report details the company’s performance across environmental, social, and governance (ESG) parameters, highlighting initiatives in waste management, energy efficiency, employee well-being, and corporate governance. It also provides insights into stakeholder engagement, supply chain practices, and adherence to human rights principles.
Comprehensive ESG Disclosure for FY26
Mazagon Dock Shipbuilders Limited (MDL) has formally submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026. The comprehensive report, dated August 4, 2026, outlines MDL’s commitment to Environmental, Social, and Governance (ESG) principles, offering detailed disclosures across nine principles as mandated by regulatory frameworks.
Key Highlights from the BRSR
The report underscores MDL’s dedication to responsible business conduct. Key areas covered include:
- Environmental Stewardship: Details on waste management, energy consumption, water usage, and air emissions are provided. MDL highlights initiatives such as a structured waste management framework, adoption of energy-efficient equipment, and plans for a 1,375 kW rooftop solar power plant to enhance renewable energy usage.
- Social Responsibility: The report details employee well-being measures, including health insurance, accident insurance, and maternity/paternity benefits. It also covers initiatives for workers, safety protocols, and mechanisms for grievance redressal. MDL emphasizes its commitment to an inclusive workplace and has policies in place for equal opportunity and preventing discrimination.
- Governance and Ethics: MDL highlights its robust governance framework, including board oversight, risk management, and ethical policies. The company reports on its engagement with stakeholders, compliance with statutory requirements, and mechanisms for handling complaints and ensuring business continuity.
Operational and Financial Transparency
The BRSR provides extensive operational details, including information on products and services, manufacturing activities, employee data, and R&D expenditure. Financial insights include details on turnover, paid-up capital, and CSR spending. The report also elaborates on MDL’s engagement with its value chain partners, emphasizing compliance and sustainability practices.
Assurance and Compliance
The report has undergone a Reasonable Assurance engagement by Bureau Veritas (India) Private Limited. This independent assessment confirms that the BRSR disclosures are presented fairly and that appropriate systems are in place for data collection and reporting. MDL’s compliance with applicable environmental laws and regulations is also affirmed.
Source: BSE
