Business Responsibility & Sustainability Report

BUSINESS RESPONSIBILITY & SUSTAINABILITY REPORT

SECTION A: GENERAL DISCLOSURE

I. Details of the Listed Entity

1

Corporate Identity Number (CIN) of the

L74899DL1993GOI054155

Listed Entity

2

Name of the Listed Entity

Oil and Natural Gas Corporation Limited.

3

Year of incorporation

1993

4

Registered office address

Plot No. 5A-5B, Nelson Mandela Road, Deendayal Urja Bhawan,

5

Corporate address

Vasant Kunj, New Delhi-110070, India

6

E-mail

secretariat@ongc.co.in

7

Telephone

011-26753055

8

Website

http://www.ongcindia.com/

9

Financial year for which reporting is

FY'23

being done

10

Name of the Stock Exchange(s) where

National Stock Exchange & BSE

shares are listed

11

Paid-up Capital

` 62,901.39 Million

Contact Person

12

Name of the Person and Designation

Shri Pratap Choudhury, General Manager (Production)

Telephone

+91 11 26753055

Email address

chief_cmsg@ongc.co.in

Reporting Boundary

13

Type of Reporting- Select from the

ONGC Standalone

Drop-Down List

II. Product/Services

Details of

14 business activities

Sl. No.

Description of

Description of Business Activity

% Turnover of

Main Activity

the Entity

1

Exploration and

Crude Oil Production= 21.485 MMT

47.29

2

Natural Gas Production=21.351 BCM

46.99

Production

3

VAP Production=2.598 MMT

5.72

15 Products/Services sold by the entity

% of Total

Sl. No.

Product/Service

NIC Code

Turnover

contributed

1

Crude Oil Production

061

63.14

2

Natural Gas Production

062

22.93

3

Liquid Petroleum Gas

192

3.40

4

Other Products

-

10.53

104 Integrated Annual Report 2022-23

III. Operations

Number of locations

Location

Number of plants

No. of Offices

Total

where plants and/

National

16 or operations/offices

Details of Assets, Basins, Plants and Institutes of the Company are

of the entity are

International

mentioned at Para No. 19 of the Corporate Governance Report.

situated:

Market served by the

Locations

entity

National (No. of

The Company is marketing its domestic products, mainly crude oil to the

States)

Public Sector refiners - Indian Oil Corporation Limited, Bharat Petroleum

Corporation Limited, Hindustan Petroleum Corporation Limited, Numaligarh

Refinery Limited, Chennai Petroleum Corporation Limited and Mangalore

Refinery and Petrochemicals Limited and the natural gas is mainly marketed

through GAIL (India) Limited. However, part of the gas is also marketed

directly by the Company. The Value-Added Products are marketed in bulk to

a.

No. of Locations

International

the PSU Oil Marketing Companies (OMCs), ONGC Petro additions Limited

(OPaL) and the remaining to private companies. Naphtha is occasionally

17

(No. of

exported because of lesser demand from customers.

Countries)

ONGC Videsh has participation in 32 oil and gas projects in 15 countries

either directly or through Wholly owned subsidiaries/ Joint Venture (JV)

companies viz. Azerbaijan (2 projects), Bangladesh (2 projects), Brazil (2

projects), Colombia (4 projects), Mozambique (1 Project), Myanmar (6

projects), Russia (3 projects), South Sudan (2 projects), UAE (1 project),

Venezuela (2 projects), and Vietnam (2 projects), Others (5 Projects).

b.

What is the

contribution

of exports as

a percentage

4.08%

of the total

turnover of the

entity?

  1. A brief on types Company's significant revenues are derived from sales to Oil Marketing Companies (OMCs)
    of customers and International Oil Companies (IOCs).

IV. Employees

18. Details as at the end of Financial Year:

Sl.

No.

Particulars

Total (A)

Male

Female

No. (B)

% (B/A)

No. (C)

% (C/A)

  1. Employees (including differently abled)

1

Permanent Employees

25,993

23,961

92.18

2,032

2

Other than Permanent Employees

536

524

97.76

12

3

Total Employees

26,529

24,485

92.30

2,044

  1. Differently abled employees

7.82

2.24

7.70

4

Permanent Employees

467

400

85.65

67

14.34

5

Total Employees

467

400

85.65

67

14.34

Business Responsibility & Sustainability Report 105

19. Participation/Inclusion/Representation of women

Sl. No.

Category

Total (A)

No. and % of females

No. (B)

% (B/A)

1

Board of Directors- Whole-time Directors

5

2

40.00

2

Board of Directors- Non-Executive Directors

7

1

14.30

3

Key Management Personnel- Company

1

0

0.00

Secretary

20. Turnover rate for permanent employees and Workers

Category

FY'23

FY'22

FY' 21

Male

Female

Total

Male

Female

Total

Male

Female

Total

Separated Employees

1,726

108

1,834

1,907

128

2,035

1,972

127

2,099

Permanent Employees

25,015

2,035

27,050

26,249

2,113

28,362

27,768

2,201

29,969

as on 01st April

Turnover Rate (in %)

6.9

5.3

6.8

7.3

6.1

7.2

7.1

5.8

7.0

V. Holding, Subsidiary, and Associate Companies (including joint ventures)

21 a). Names of holding / subsidiary / associate companies / joint ventures

Complete details of holding / subsidiary / associate companies / joint ventures is at Note No. 4 of Consolidated Financial Statement.

VI. CSR Details

22

a. Whether CSR is applicable as per section 135 of Companies Act, 2013:

Yes

Turnover of ONGC - FY'23

`1,555,173 Million

Net worth of ONGC - As on 31st March, 2023

`2,578,458 Million

VII. Transparency and Disclosures Compliances

23. Complaints/Grievances on any of the principles (Principles 1 to 9) under the National Guidelines on Responsible Business Conduct

FY'23

FY'22

Stakeholder

Grievance

If Yes, then

Number of

Number of

Number of

Number of

group from

Redressal

provide web-

complaints filed

complaints

complaints filed

complaints

whom the

Mechanism

link for the

during the year

pending

during the year

pending

complaint is

in Place

grievance

FY'23

resolution at

FY'22

resolution at the

received

(Yes/No)

redress policy

the close of the

close of the year

year FY'23

FY'22

https://

Public

Closed: 104

Public

Closed: 07

Communities

Yes

grievance.

Opening: 16

Opening: 1

ongc.co.in

Received: 119

Pending: 31

Received: 22

Pending: 16

https://

ongcindia.

Investors

Yes

com/web/eng/

Details provided at Para No. 3.5.5 of Corporate Governance Report

investors/

investor-

contact

106 Integrated Annual Report 2022-23

FY'23

FY'22

Stakeholder

Grievance

If Yes, then

Number of

Number of

Number of

Number of

group from

Redressal

provide web-

complaints filed

complaints

complaints filed

complaints

whom the

Mechanism

link for the

during the year

pending

during the year

pending

complaint is

in Place

grievance

FY'23

resolution at

FY'22

resolution at the

received

(Yes/No)

redress policy

the close of the

close of the year

year FY'23

FY'22

Employees and

https://

Employees

Closed: 29

Employees

Closed: 1

Yes

grievance.

Opening: 16

Opening: 0

workers

ongc.co.in

Received: 21

Pending: 8

Received: 17

Pending: 16

Customers

Closed: 41

Customers

Closed: 48

Customers

Yes

-

Opening: 0

Opening:02

Pending: 4

Pending: 0

Received: 45

Received: 48

Value Chain

https://

Vendor

Closed: 46

Vendor

Closed: 0

Yes

grievance.

Opening: 38

Opening: 33

Partners

Pending: 5

Pending: 38

ongc.co.in

Received: 13

Received: 5

Other (ex-

https://

Ex-employees

Closed: 53

Ex-employees

Closed: 9

Yes

grievance.

Opening: 42

Opening: 1

employee)

Pending: 14

Pending: 42

ongc.co.in

Received: 25

Received: 50

24. Overview of the entity's material responsible business conduct issues

Material Issue

Indicate

The rationale for identifying

In case of risk, approach to adapt

Financial

Identified

whether risk

the risk/opportunity

or mitigate

implications

or opportunity

of the risk or

opportunity

(Indicate

positive or

negative

implications)

Climate

Risk/

Climate

change

is

the

most

1.

ONGC

has

been

preparing

Negative

Change

Opportunity

important strategic issue faced

strategy

to

address

climate

and Energy

by

the

oil

and

gas

industry

change through the transition to

Transition

in

recent

years.

The

risks

renewable energy and roadmap

associated with climate change

to achieve Net Zero status for

require

a

coordinated

global

Scope-1 and Scope-2 emission

effort

to reduce

greenhouse

by 2038.

gas

emissions,

transition

to

2. ONGC has been investing in R&D

renewable

energy

sources,

and

implement

measures

for innovation and technology.

to adapt to the changing

3.

Collaboration

with

global

climate.

Given

this

threat,

and domestic experts, and

governments are

increasingly

industries.

enacting

policies

to

mitigate

greenhouse

gas

emissions,

4.

ONGC's

decarbonization

and investors in companies are

strategy is under preparation.

putting

increasing

pressure

on

management to show how they

will navigate an energy system

in transition.

Business Responsibility & Sustainability Report

107

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ONGC - Oil & Natural Gas Corporation Limited published this content on 10 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2023 08:49:03 UTC.