Great Eastern Shipping : Business Responsibility & Sustainability Report (BRSR)

101

BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT 2021-22

[Pursuant to regulation 34(2)(f) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015]

SECTION A: GENERAL DISCLOSURES

I. DETAILS OF THE LISTED ENTITY

1.	Corporate Identity Number (CIN) of the Listed Entity
	L35110MH1948PLC006472
2.	Name of the Listed Entity
	The Great Eastern Shipping Company Limited
3.	Year of incorporation
	1948
4.	Registered office address
	Ocean House, 134/A, Dr. Annie Besant Road, Worli, Mumbai 400018
5.	Corporate address
	Ocean House, 134/A, Dr. Annie Besant Road, Worli, Mumbai 400018
6.	E-mail
	[e-mail]
7.	Telephone
	022 - 66613000
8.	Website
	www.greatship.com
9.	Financial year for which reporting is being done
	2021-22
10.	Name of the Stock Exchange(s) where shares are listed
	BSE Ltd.
	National Stock Exchange of India Ltd.
11.	Paid-up Capital
	` 142.77 crores.
12.	Name and contact details (telephone, email address) of the person who may be contacted in case of any queries on the BRSR report
	Mr. Jayesh Trivedi
	President (Secl. & Legal) and Company Secretary
	Tel : 022 - 66613000
	Email : [e-mail]
13.	Reporting boundary - Are the disclosures under this report made on a standalone basis (i.e. only for the entity) or on a consolidated basis (i.e.
	for the entity and all the entities which form a part of its consolidated financial statements, taken together).
	The disclosures under this report are made on a standalone basis.
II. PRODUCTS/SERVICES
14.	Details of business activities (accounting for 90% of the turnover):
S.	DESCRIPTION OF MAIN ACTIVITY	DESCRIPTION OF BUSINESS ACTIVITY	% OF TURNOVER OF THE ENTITY
NO.
1	Transport and storage	Water transport	95.47%
15. Products/Services sold by the entity (accounting for 90% of the entity's Turnover):
S.	PRODUCT/SERVICE	NIC CODE	% OF TOTAL TURNOVER
NO.		CONTRIBUTED
1	Shipping	50120	95.47%

74th Annual Report 2021-2022Business Responsibility and Sustainability Report

102
III. OPERATIONS
16. Number of locations where plants and/or operations/offices of the entity are situated:
LOCATION	NUMBER OF PLANTS	NUMBER OF OFFICES	TOTAL
National	N.A.	1	1
International	N.A.	-	-

The registered office of the Company is situated in Mumbai, India. The Company has no plants. Ships of the Company trade in Indian as well as international waters.

17. Markets served by the entity: a. Number of locations

LOCATIONS

NUMBER

National (No. of States)

International (No. of Countries)

The Company serves Indian as well as international markets. Substantial assets of the Company are ships, which are operating across the world, in view of which they can not be identified by any particular geographical area.

b. What is the contribution of exports as a percentage of the total turnover of the entity?

65.21%

c. A brief on types of customers

Customers of the Company are mostly oil majors, refineries, manufacturers, miners, producers, etc.

IV. EMPLOYEES

18. Details as at the end of Financial Year:

a. Employees and workers (including differently abled):

S.	PARTICULARS	TOTAL (A)	MALE		FEMALE
NO.			NO. (B)	% (B / A)	NO. (C)	% (C / A)
EMPLOYEES (SHORE STAFF)
1	Permanent (D)	224	175	78.13%	49	21.88%
2	Other than Permanent (E)	25	24	96.00%	1	4.00%
3	Total employees (D + E)	249	199	79.92%	50	20.08%
EMPLOYEES (FLOATING STAFF)
4	Permanent (D)	-	-	-	-	-
5	Other than Permanent (E)	1812	1808	99.77%	4	0.23%
6	Total employees (D + E)	1812	1808	99.77%	4	0.23%

WORKERS (NOT APPLICABLE)

1. 1. Permanent (F)
   2. Other than Permanent (G)
      9 Total workers (F + G)
2. Differently abled Employees and workers: Nil

S.	PARTICULARS	TOTAL (A)	MALE		FEMALE
NO.			NO. (B)	% (B / A)	NO. (C)	% (C / A)

DIFFERENTLY ABLED EMPLOYEES

1. Permanent (D)
2. Other than Permanent (E)

• Total differently abled employees (D + E)
  DIFFERENTLY ABLED WORKERS
  4 Permanent (F)
  5 Other than permanent (G)
  6 Total differently abled workers (F + G)

THE GREAT EASTERN SHIPPING CO. LTD.

103

19. Participation/Inclusion/Representation of women

	TOTAL (A)	NO. AND PERCENTAGE OF FEMALES
		NO. (B)	% (B / A)
Board of Directors	12	1	8.33%
Key Management Personnel	1	-	-

20. Turnover rate for permanent employees and workers

		FY 2021-22			FY 2020-21			FY 2019-20
	TURNOVER RATE IN	TURNOVER RATE IN	(TURNOVER RATE IN THE YEAR
		CURRENT FY			PREVIOUS FY		PRIOR TO THE PREVIOUS FY)
	MALE	FEMALE	TOTAL	MALE	FEMALE	TOTAL	MALE	FEMALE	TOTAL
Permanent Employees	10.00%	0.00%	10.00%	9.00%	7.00%	16.00%	7.00%	5.00%	12.00%

(Shore Staff)

Permanent Employees

(Floating Staff)

(Not applicable)

Permanent Workers (Not applicable)

V. HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES (INCLUDING JOINT VENTURES)

21. Names of holding / subsidiary / associate companies / joint ventures

S.	NAME OF THE HOLDING / SUBSIDIARY /	INDICATE WHETHER	% OF SHARES HELD	DOES THE ENTITY
NO. ASSOCIATE COMPANIES / JOINT VENTURES (A)	HOLDING/	BY LISTED ENTITY	INDICATED AT
		SUBSIDIARY/		COLUMN A,
		ASSOCIATE/ JOINT		PARTICIPATE IN
		VENTURE		THE BUSINESS
				RESPONSIBILITY
				INITIATIVES OF THE
				LISTED ENTITY?
				(YES/NO)
1	The Greatship (Singapore) Pte. Ltd.	Subsidiary	100.00%	No
2	The Great Eastern Chartering LLC (FZC)	Subsidiary	100.00%	No
3	The Great Eastern Chartering (Singapore) Pte. Ltd.	Subsidiary	100.00%	No
4	Great Eastern CSR Foundation	Subsidiary	100.00%	Yes
5	Great Eastern Services Limited	Subsidiary	100.00%	No
6	Greatship (India) Limited	Subsidiary	100.00%	Yes
7	Greatship Global Offshore Services Pte. Ltd.	Subsidiary*	100.00%	No
8	Greatship Global Energy Services Pte. Ltd.	Subsidiary*	100.00%	No
9	Greatship (UK) Limited	Subsidiary*	100.00%	No
10	Greatship Oilfield Services Ltd.	Subsidiary*	100.00%	No

* Wholly owned subsidiaries of Greatship (India) Limited

CSR activities of the Company and Greatship (India) Limited are guided by the Corporate Social Responsibility Policy of the Great Eastern Group. All the CSR activities are handled by Great Eastern CSR Foundation.

VI. CSR DETAILS

22. (i) Whether CSR is applicable as per section 135 of Companies Act, 2013: Yes

1. Turnover (in `): ` 29,66,39,25,464
2. Net worth (in `): ` 65,71,43,05,102

74th Annual Report 2021-2022Business Responsibility and Sustainability Report

104

VII. TRANSPARENCY AND DISCLOSURES COMPLIANCES

23. Complaints/Grievances on any of the principles (Principles 1 to 9) under the National Guidelines on Responsible Business Conduct:

STAKEHOLDER	GRIEVANCE		FY 2021-22			FY 2020-21
GROUP	REDRESSAL	CURRENT FINANCIAL YEAR	PREVIOUS FINANCIAL YEAR
FROM WHOM	MECHANISM
COMPLAINT IS	IN PLACE
RECEIVED	(YES/NO)
	(IF YES, THEN	NUMBER OF	NUMBER OF	REMARKS	NUMBER OF	NUMBER OF	REMARKS
	PROVIDE	COMPLAINTS	COMPLAINTS		COMPLAINTS	COMPLAINTS
	WEB-LINK FOR	FILED DURING	PENDING		FILED DURING	PENDING
	GRIEVANCE	THE YEAR	RESOLUTION		THE YEAR	RESOLUTION
	REDRESS		AT CLOSE OF			AT CLOSE OF
	POLICY)		THE YEAR			THE YEAR
Communities	N.A.	-	-	-	-	-	-
Investors	Yes	-	-	-	-	-	-
(other than
shareholders)
Shareholders	Yes	-	-	-	-	-	-
Employees and	Yes	-	-	-	-	-	-
workers
Customers	Yes	-	-	-	-	-	-
Value Chain	N.A.	-	-	-	-	-	-
Partners
Other	-	-	-	-	-	-	-
(please specify)

Whistle Blower Policy is available on the Company's website - www.greatship.com

24. Overview of the entity's material responsible business conduct issues

Please indicate material responsible business conduct and sustainability issues pertaining to environmental and social matters that present a risk or an opportunity to your business, rationale for identifying the same, approach to adapt or mitigate the risk along-with its financial implications, as per the following format

S.	MATERIAL ISSUE	INDICATE	RATIONALE FOR	IN CASE OF RISK,	FINANCIAL
NO.	IDENTIFIED	WHETHER	IDENTIFYING	APPROACH TO	IMPLICATIONS OF THE
		RISK OR	THE RISK /	ADAPT OR MITIGATE	RISK OR OPPORTUNITY
		OPPORTUNITY	OPPORTUNITY		(INDICATE POSITIVE OR
		(R/O)			NEGATIVE
					IMPLICATIONS)
1	Oil spills represent serious	R	Oil spills may	Our fleet is managed	Shipping companies may be
	environmental		have adverse	in accordance with	held responsible for clean-
	risk in the shipping sector.		financial as well	international and	up costs and economic
			as reputational	local regulations.	damages, which may run
			implications for	Preventing spills is	into millions of US dollars.
			the shipping	one of the focus areas	This risk is largely covered
			companies. It	in the Environmental	by insurance.
			may also have	Management
			significant	System. This risk is also
			impact on marine	covered and monitored
			ecosystems.	regularly in the Risk
				Management System.
				The Company also has
				insurances in place to
				cover this risk.

THE GREAT EASTERN SHIPPING CO. LTD.

105

SECTION B: MANAGEMENT AND PROCESS DISCLOSURES

This section is aimed at helping businesses demonstrate the structures, policies and processes put in place towards adopting the NGRBC

Principles and Core Elements.
DISCLOSURE QUESTIONS	P1	P2	P3	P4	P5	P6	P7	P8	P9
POLICY AND MANAGEMENT PROCESSES
1. a. Whether your entity's policy/	Yes
policies cover each principle and
its core elements of the NGRBCs.
(Yes/No)
b. Has the policy been approved by	Yes
the Board? (Yes/No)
c. Web Link of the Policies, if	www.grestship.com
available
2. Whether the entity has translated the	Yes
policy into procedures. (Yes / No)

1. Do the enlisted policies extend to your value chain partners? (Yes/No)
2. Name of the national and international codes/certifications/ labels/ standards (e.g. Forest
   Stewardship Council, Fairtrade, Rainforest Alliance, Trustea) standards (e.g. SA 8000, OHSAS, ISO, BIS) adopted by your entity and mapped to each principle.
3. Specific commitments, goals and targets set by the entity with defined timelines, if any.
4. Performance of the entity against the specific commitments, goals and targets along-with reasons in case the same are not met.

N.A.
ISO	ISO	ISO
9001:	45001:	14001:
2015	2018	2015
	OHSAS

Contributing aprox.

• 6.03 crores for
  CSR activities during FY 2021-22

Contributed ` 6.61 crores for CSR activities

Governance, leadership and oversight

7. Statement by director responsible for the business responsibility report, highlighting ESG related challenges, targets and achievements:

OUR VISION

• To lead our industry in Safety Standards, Environmental Protection, Energy Optimization and Quality of Operations.
• To be the provider of choice for our customers.

MISSION STATEMENT

Consistent with the Company's policy and philosophy of maintaining professional excellence in all spheres of activity involving Marine Bulk Transportation Services, including Quality, Health, Safety, Security, Environment and Social Responsibility, our mission shall be:

• To own, operate and manage efficient ships with zero spills to sea, zero incidents, zero tolerance to drugs and alcohol, while protecting the lives of shipboard personnel, cargo and Company's own assets and reducing environmental emissions by employing best management practices;
• To provide a highly efficient and competitive Marine Bulk Transportation Service of Quality, Cost, Reliability, Delivery and Security;
• To achieve excellence in our management systems and standards through continual improvement, by employing best practices through an efficient, responsive management and an empowered and highly motivated work force;
• To create enhanced value for our shareholders and other stakeholders.

74th Annual Report 2021-2022Business Responsibility and Sustainability Report