Mumbai : Kirloskar Brothers Limited (KBL), a world leader in providing fluid management solutions, has won the prestigious ‘India’s Most Ethical Company’ Award for the ‘Ethical Company in Industrial Manufacturing’ category by CMO Asia. CMO Asia is an independent and not-for-profit body guided by the Advisory Council.
The India’s Most Ethical Company’ Award reaffirms KBL’s core belief and philosophy of conducting business with a moral responsibility in tandem with a conscious driven approach. KBL is one of the world’s best and biggest pump manufacturing companies with an expertise in engineering and manufacture of systems for fluid management. Established in 1888 and incorporated in 1920, KBL is the flagship company of the $ 2.1 billion Kirloskar Group.
KBL has established the Ethics Committee and appointed Head Ethics Counsellor and Regional Ethics Counsellors for all of their manufacturing locations that look after the implementation of the Code of Ethics. All KBL employees are trained in the organisation’s anti-corruption policies and procedures through Code of Ethics. Every year, the group conducts an online certification come affidavit module which is mandatory for all employees to go through.
Ms Rama Kirloskar, Joint Managing Director, Kirloskar Brothers Limited, said the ‘India’s Most Ethical Company’ Award is a reflection of the honesty with which KBL conducts its business. “Since our inception, we have always been driven by our values; we nurture and are accountable to all our shareholders in maintaining and increasing their wealth. KBL’s Code of Ethics is a guideline for employees while addressing legal and ethical issues that come up during any employee’s journey of business dealing for KBL,” she said.
As per the process of the KBL Code of Ethics eLearning Module, employees need to complete a multiple-choice question test based on the Code of Ethics of the company. These mandatory tests were devised and rolled out in January 2013. There are four sections, such as compliance, business conduct, relationship and enforcement. The process helps employees in being aware of their responsibilities vis-à-vis the company’s Code of Ethics established in December 2009.
This latest award is yet another feather in the KBL cap, as the company was also honoured by World CSR Congress 2014 Award under the category ‘India’s Most Ethical Company in the Industrial Manufacturing’.