Professional Documents
Culture Documents
Cementos Molins manufactures, distributes and sells cement, concrete, and respect for the
environment are the values in which the Group places its trust in order to create innovative for
sustainable solutions.
Being a leader in the building material industry means setting new health, safety and
environment standards. We conduct our business with zero harm to people and create a healthy
& safe environment for our employees, contractors, communities and customers
Geocycle
Emerging countries like Bangladesh are in need of infrastructure for waste management.
Geocycle is your Company’s contribution towards sustainable development and commitment for
protection of environment and efficient waste disposals. Your Company expanded its services to
find a solution for managing industrial, agricultural and municipal wastes. Using the proven
technology of ‘co-processing’ and our state-of-the-art integrated cement plant at Chhatak,
Sunamganj, Geocycle has managed more than 8,000 tons of wastes which include sludge, bulky
solids, plastic & packaging and various different types of liquids and chemicals. We are also
working closely with the Government of Bangladesh. Projects of Ministry of Industries,
Department of Environment, Shahjalal International Airport Customs House, Chattogram
Customs House and ICD Kamlapur Customs House are getting the benefits of Geocycle project
of your Company and disposing of its long laying and unclaimed liquids and chemicals. All of
the above projects were carried in house. Trucks managed by the Geocycle team were sent to
each site to pick-up materials to ease the burden of the customers where previously the clients
were managing the same
As part of the LafargeHolcim and Cementos Molins Research & Development (R&D) of your
Company is driven by customer’s needs, who face today’s major challenges: achieving energy
efficiency, lowering cost of construction, reducing our environmental footprint, and meeting high
standards of aesthetics, health, comfort, and well-being. Together with our partners and
customers, our best-in-class R&D teams develop the most innovative products, solutions, and
services, as well as advanced manufacturing processes.
ENVIRONMENT
Bangladesh Limited (the “Company’) is a reflection of our value system encompassing our
culture, policies, and relationships with our stakeholders. The key to our Corporate Governance
practices is – Integrity, Transparency and Business ethics, which ensures that we gain and retain
the trust of our stakeholders at all times. The pillars of our Governance include
(i) following all legal compliances to satisfy both the spirit and the letter of the law in all our
actions and disclosures
(iii) ensuring an effective Corporate Governance Structure and communicating frequently with
stakeholders, including customers, communities around our operations, shareholders, and
regulators. Throughout its existence spanning over 24 years, the Company has effectively
sustained and nurtured itself since its inception with highest levels of professionalism. The
Company emphasises on values such as Health & Safety (H&S) of employees, sustainable
initiatives aimed at empowering communities, pollution free clean environment and last but not
the least, accountability to all the stakeholders. The Company also believes that its operations
ensure conservation and development of economic, social and environmental capital and
responsible utilization of precious natural resources.
Health and Safety (H&S) is the core value of your Company. H&S gets the highest priority in
our business decisions. Our goal is “ZERO Harm” to people, communities and environment. We
continuously work to improve our safety culture and performance across our operations in
Meghalaya, India. During the year under review, your Company conducted its operations with
zero harm. There was no fatality, no Lost Time Injury and no Medical Injury. With the advent of
the COVID 19 pandemic, your Company undertook all necessary measures in promoting the
safety and well-being of all its employees and local communities. Your Company formed a
Country and Site Business Resilience Team (BRT) to manage the whole range of COVID 19
management. Your Company launched “Operating during COVID 19 – H&S Minimum
Requirement” for all the employees. The initiative covered a wide range of activities aimed at
ensuring the health and wellness of all concerned. Emergency response plans, good hygiene
practices, implementation of Work from Home and processes of physical monitoring to provide
personal level support during COVID 19 were implemented. Due to its relentless efforts, no
major health injury was recorded in 2020.
Additional information
2. Includes Rs. 53.07 lakhs (as at 31st December, 2019 Rs. 53.07 lakhs) pledged with the Office
of Commissioner of Central Goods and Service Tax, Meghalaya;
Rs.209.07 lakhs (as at 31st December, 2019 Rs.209.07 lakhs) pledged in respect of Bank
Guarantee issued by State Bank of India, Shillong in favour of Indian Bureau of Mines;
Rs.315.85 lakhs (as at 31st December 2019 Rs. 297.29 lakhs) pledged in respect of bank
overdraft facility availed from State Bank of India, Shillong ;
Rs. 210.00 lakhs (as at 31st December, 2019 Rs. 210.00 lakhs) earmarked for Environment
Management Plan Fund as per the requirements of envirionmental clearance conditions granted
to the Company by Ministry of Environment, Forest and Climate Change, Government of India
and
Rs. 71.30 lakhs (as at 31st December 2019 Rs. nil) pledged in respect of load security deposit in
favour of MeECL.
Environmental cost