CSR initiatives
Mercator strongly believes that Corporate Social Responsibility as a philosophy and approach can help bring together different sectors of the society and provide equal opportunities for development.
As a responsible Corporate; Mercator always endeavors to adopt responsible social business practices. Mercator governance systems do not allow its business practices to be abusive, unfair, corrupt or anti-competitive. Mercator has always been responsive towards all its stakeholders. Mercator is focused and committed to protect self, colleagues, equipments, stakeholders, society, and environment.
Below are some initiatives and activities undertaken by Mercator towards Corporate Social Responsibility
CSR towards Society:
Creating Career Opportunities, Aids to Weaker Section and Providing training & Education:
- Mercator extend support to the financially incapable candidates aspiring for career in Shipping but who are financially incapable to pursue; by extending financial support for completion of courses as well as securing placements after passing out. In this direction, Mercator is also associated with Prem Punita Foundation, a platform created by our Chairman Mr. H. K. Mittal to reach out to the weaker section of the society in the field of education. Prem Punita Foundation is a registered charitable Trust. The Foundation aims at enhancing and actualizing career opportunities for the weaker section of the society in the ever-growing marine industry. Mr. H. K. Mittal heads the Foundation as its Chief Trustee and is assisted by a senior Trustees. The Foundation is presently developing an effective environment for nurturing minds for a career in the marine industry.
- Mercator has been regularly extending support to local social and charitable organisation for their philanthropic, charitable and social activities, thereby participating in social celebration and good causes.
CSR towards Environment & Energy Conservation:
- On board of our vessels, we adopt HSSE Management System and Procedures to ensure safe, secure and healthy working environment by training our staff continuously with the latest technology to ensure high levels of maintenance. Internal audits and checks are held regularly to ensure that our assets comply with international regulations to protect the environment.
- All our vessels are IMO Rules and Regulations compliant which ensures lesser consumption of energy and water. On our FSOs, we have installed Reverse Osmosis Plant for converting sea water into fresh water so that scarce fresh water on shore can be saved. Using fuel with lesser sulphur content to minimise oxide of sulphur and installing equipments to reduce Nitrogen Oxide (NOX)/Sulphur Oxide (SOX) are some of our majors that helps to protect environment to some extent. On shore; it's our endeavour to save water and energy by way of putting ACs on 24degree Celsius; using power saver lights; putting switches off whenever not required etc.
CSR towards Investors:
We aim to maintain high levels of transparency and disclosure through regular communication with our investors. On a timely basis we disseminate our financial information through Stock Exchange in due compliance with Listing agreement. We also issue news releases giving briefs on performance and outlook. We also respond to teleconference calls/one to one meeting as requested by research and analysts on financial results. We practice prompt and timely disclosure of any price sensitive developments in the Company. To facilitate better accessibility for investor queries; we have designated e-mail ID and also provide our contact details in our website, annual reports etc. We are focused to strengthen our investor relations framework to better serve the needs of the investor community.
CSR towards Employees:
Mercator always thrives towards care and betterment of its valuable Human Resources. We follow best possible human resource policies and practices for the benefit and betterment of our employees, without any prejudice based on their religion, caste, race, marital status, gender, disability, sexual orientation, age, ethnic origin, nationality, etc. With this as a foundation, Mercator has incorporated developmental HR systems, encourage talented and competent people through individual guidance, corporate training and well defined career paths. We have a well defined Code of Conduct for our associates in consistent with our values and ethics.
Mercator is committed to human rights of our employees and treat all employees with utmost dignity and ensuring a work environment, free of any forms of harassment. Our employee policies as well as our practices reflect our strong ethical values and the respect and fairness to all employees. We strongly believe that our associates are our greatest assets and the key to the success of our organization.