Corporate Governance
At Luthra we are not just concerned about doing business, but also on how we manage our business processes to create a positive impact on society. The group strives for excellence in our corporate governance practices. We continually evaluate our processes and implement procedures designed to maintain strong and ethical governance and operation standards. In doing so ,we strive to manage the group according to the highest principles of responsibility and integrity.
We, the Luthra group of companies, have reviewed the way we conduct business in the light of structural changes in the social and economic systems, within which we and other companies operate, the rapid internationalization of business and corporate social responsibility.
Accordingly, we have determined and articulated the following principles as our Corporate Ethics Policy, to ensure that the group companies will continue to earn the public trust as companies of benefit to society and thereby continue to prosper.
- Striving for Products and Services of the Best Quality We will strive to provide our customers with satisfying products and services of the highest quality.
- Respect for Relationship with Customers We will respect our relationships with our customers, including investors, customers, consumers, vendors, suppliers, local communities and employees, and will strive to maintain relationships that are both appropriate and friendly.
- Fair, Transparent and Free Competition We will engage in fair, transparent and free competition in the market and will maintain sound and appropriate business relationships with our competitors.
- Positive Approach to Safety and Environmental Matters Based upon our understanding that addressing safety and environmental issues is critical to our corporate existence and activities, we will make safety our goal and strive actively to protect the environment.
Environment Betterment
The Luthra Group has a clear and dedicated commitment to continually improve our environmental management.The group is committed to protecting human health and the environment. This commitment is a keystone of all that we do, reflected in the services we provide to customers, the design and operation of our facilities, the conditions under which employees work, and our interactions with communities where we live and do business.
The following environmental, health, and safety principles are applicable to all our Company operations world-wide:
- Protection
We will conduct all operations in a manner that protects the environment and our employees, neighbors, and customers. - Compliance
We will comply with all legal requirements, and will proactively implement programs and procedures to ensure compliance. - Conservation
We will practice and promote conservation of nature and the earth's energy resources.
E & HS Policy
Group Level
Luthra Group is committed to minimizing risks to human health and the environment in and around the workplace. More specifically, the group is dedicated to maintaining the health and safety of its employees, customers and neighbors, as well as preserving the integrity of our environment. This commitment is supported by management and is the individual and collective responsibility of all group's employees.
We will achieve these goals through our EHS system and strive for continuous improvement by:
- Educating and training to institutionalize EHS values throughout the company.
- Setting and monitoring EHS objectives to improve employee health and safety and reduce adverse environmental impacts.
- Raising EHS awareness of all employees and customers and stressing personal accountability.
- Complying with or exceeding all applicable EHS regulatory requirements.
- Conserving natural resources through pollution prevention, energy conservation, and waste minimization.
- Strive for an injury free workplace through high employee involvement and a strong health and safety program.
- Strive to continuously improve global EHS performance by utilizing practices that protect employees and the environment, including reducing the quantity of emissions, developing opportunities for recycling and pollution prevention and using paper, energy, and other resources more efficiently.
- Train and motivate employees to conduct their activities in a safe and environmentally responsible manner.
E&HS For Employees
Health and safety initiatives maximize the physical and mental health of employees through the prevention, assessment, and treatment of potential health risks and problems and by encouraging and supporting healthy lifestyle and behavior choices. Health and safety efforts include a wide variety of workplace practices that can help employees improve their physical and mental health, reduce health risks, and manage stress effectively. By investing in the health and safety of their employees, organizations may benefit from greater productivity and reductions in healthcare costs, absenteeism and accident/injury rates.
Efforts to address health and safety issues in the workplace include:
- Training and safeguards that address workplace safety and security issues.
- Efforts to help employees develop a healthy lifestyle, such as stress management, weight loss and smoking cessation programs.
- Adequate health insurance, including mental health coverage.
- Health screenings.
- Access to health/fitness/recreation facilities.
- Resources to help employees address life problems, for example, grief counseling, alcohol abuse programs, Employee Assistance Programs (EAPs) and referrals for mental health services.
Research & Development
With the best of technology and business acumen, the Luthra group, in keeping with its comprehensive management policy is spear-headed to become a “Unique and Specialty Company”. The focus of our research has been on development of innovative production technologies to strengthen our core competencies in the field of textiles, environment, knowledge & infrastructure. Our basic policies regarding R&D are realization of the management for substantial profits and growth by acceleration of the development capacities and efficiency of commercially feasible technologies.
For the purpose of greater efficiency and accelerated development, we have implemented a technology development assessment system for selection and concentration of research projects. In addition, in order to concentrate resources and enhance responsiveness, we have reorganized our R&D structure to allow for more robust R&D activities.Furthermore, we have expanded the technical domains by vigorously taking advantage of technical outsourcing, including joint research with industrial, administrative sectors and academia to keep up with the times promptly.
With these R&D activities, Luthra Group develops original technologies in good harmonization with the advances in technology and preservation of the environment. We aim to grow into a globally competitive company with an individual style and a very definite presence.