GRI A+ rating for RIL's Corporate Sustainability Report

Mumbai: The Global Reporting Initiative (GRI) has awarded A+ level to Reliance Industries (RIL'd) sustainability report 2011-12, said the company in a statement on Monday. "This is the seventh year in a row that RIL has received the highest application level on sustainability reporting. RIL is also the first Indian company to adhere to the GRI 3.1 Oil & Gas Sector Supplement, released in February 2012," said the statement.

The statement also said, "RIL has received the coveted rating this year for its report titled 'Partnering India's New Future Sustainably. The company adheres to all sustainability reporting guidelines and allocates sufficient resources towards its environmental stewardship, product responsibility and social institution building efforts."

The report was presented to GRI, Amsterdam, the Netherlands for application level check, as per the New GRI 3.1 Guidelines. RIL's report also takes into account guidelines laid down by the American Petroleum Institute and the International Petroleum Industry Environmental Conservation Association.

The report is also aligned with the National Voluntary Guidelines for Social, Environmental and Economic Responsibilities of Business, released by the Ministry of Corporate Affairs, Government of India, in November 2011.

The Global Reporting Initiative (GRI) is a non-profit organization that promotes economic, environmental and social sustainability. GRI provides all companies and organizations with a comprehensive sustainability reporting framework that is widely used around the world.