Hindustan Zinc wins ‘Masters of risk in Fraud prevention & ethics management’ at The India Risk Management Awards

Udaipur : Hindustan Zinc, India’s only and the world’s second-largest integrated zinc-lead-silver producer received the “Masters of Risk in Fraud Prevention &Ethics Management” in the Large-cap category at the 8^th edition of The India Risk Management Awards during the award ceremony in Mumbai. The award was presented to the MAS (Management Assurance Service) team of Hindustan Zinc. Mr. Bhargav Dasgupta (MD & CEO, ICICI Lombard) along with Ms. Latha Venkatesh (Executive Editor, CNBC-TV 18) and Mr. Nirmalya Kumar (World-renowned Business Strategist) were the chief guests at the event.

On this occasion, Mr. Arun Misra, CEO said “At Hindustan Zinc the risk management profile is based on a highly transparent system in which teams at all levels are encouraged to report any type or category of risk via various online reporting platforms. This award is a testament to our systems and processes in place to mitigate risks and ensuring smooth operations, people management & compliance frameworks with a top to bottom management approach.”

The India Risk Management Awards recognize the organizations and teams that have significantly contributed to the understanding and practice of risk management. As a responsible corporate, Hindustan Zinc is committed to effective risk management, which is critical to the success of the company’s business. Hindustan Zinc is consistently focused on ensuring regular mapping and mitigation of all risks that could potentially impact their business. The company has implemented a well-defined risk management framework that allows them to identify, assess, categorise, address, and mitigate all relevant risks through a well-defined process with defined roles and responsibilities assigned at each stage.

Hindustan Zinc adheres to a strict Code of Conduct and encourages reporting of irregularities through the whistleblower mechanism. To prevent fraud, the Company has put in place a number of control measures. The Foreign Corrupt Practices Act (FCPA) and ethics training, updated SOPs, IT/authorization controls, and consequence management are used to carry out these measures.