As the world’s population is steadily growing from the current levels of 7 billion, the demand for diminishing natural resources is also growing. Sustainability calls for a decent standard of living for everyone today without compromising the needs of future generations.
This means finding better ways of doing things such as:
Solving these challenges is a start to building the future we want.
At Hincol, sustainability is meeting the needs of the present without compromising the world that we leave to the future. Operationally, this commitment drives decision making that considers the economic, social and environmental impacts of everything we do. Our people and products make the world a better place. That simple and powerful purpose defines Hincol. It charges all of us to act responsibly to improve our environmental performances, to create economic growth and to improve the quality of life. Our Sustainability Report is a record of our achievements and also includes candid acknowledgment that much more is needed to achieve our aspiration of expanding our impact through sustainability. Our progress is embedded across all aspects of our company and highlighted below:
Sustainability begins at home … with what we’re doing to improve the sustainability of our operations around the country. Every gain we make benefits not only our company, employees and local communities, but also the sustainability profiles of the customers who use our products and the sustainability of our planet.
More than 90 percent of the direct energy consumption of Hincol is in the form of Furnance oil, and the majority of that was to fuel thermic heaters to generate hot thermic oils for process use. Hincol purchases electricity for all of its facilities. We have a portfolio of energy-based initiatives to improve the long-term efficiency of our operations and products. Our commitment to lean manufacturing discipline ensures energy- and waste-reduction opportunities are considered by all employees in their daily activities
Conscious efforts have lead to significant improvement on providing environmental friendly solutions thereby helping minimise environmental impact for future.
All our operations are environmental friendly. None of Our manufacturing locations generate significant effluents. While liquid effluents are none, solid and gaseous wastes generated are bare minimum. More than 90 percent of our emissions are as a result of using furnace oil, with much smaller contributions from other fuels and losses of refrigerants. Emissions from transportation and other activities are small in comparison
Hincol has a considerable product portfolio with many products enabling efficiency improvements or providing direct energy and green house gas (GHG) reductions. The most significant is our Bitumen Emulsions. In addition to the Bitumen Emulsions that we sell, we have series of technologies like Micro surfacing, Cold Mix, Roadbond, Warm asphalt, Chip Seal etc which are environmental friendly with minimal carbon footprint.
We use energy optimization projects as a proxy for GHG intensity improvement. Both energy use and GHG emissions are impacted similarly by the improved production capacity utilization and energy savings projects at the sites.
The Balanced Score Card system clearly defines performance-based compensation and benefits opportunities with a flexible workplace and culture that differentiates itself from the competition. We provide challenging career opportunities. Total Rewards packages are offered to all regular full-time and part-time employees. These packages are aligned to local markets and compliant with local regulations. Total rewards include five main elements, each with programs and practices that collectively enable us to attract, engage and retain employees. These elements are:
In general, the company promotes a sense of equity across our workforce. The model is built around the following pillars:
Hincol believes employees drive our success, and we strive to create a positive work environment that fosters trust, commitment and innovation. Hincol is committed to maintaining a great place to work, with competitive wages, benefits and working conditions. We actively engage employees for ideas, suggestions or concerns, and employees are free and encouraged to bring them forward. Employees are empowered to raise issues and concerns through their choice of a variety of channels, including their supervisor and human resources representative. Finally we strives to be proactive within the regulatory frameworks and is committed to preventing discrimination and promoting equal opportunity in all employment practices while promoting a culture of mutual respect among employees.
Safety is one of our core values, and Hincol is committed to the safety and health of its employees and others working at its facilities. Hincol requires all work-related injuries and illnesses to be reported – including first aid cases – which are in turn compiled in a database. Appropriate corrective and preventive measures are taken. Hincol offers comprehensive medical insurance coverage to employees and their dependents.
Hincol continually strives to increase engagement with people living close to our sites. The majority of Hincol’s manufacturing sites have implemented local community outreach programs in coordination with the company’s corporate community relations efforts.
We focus on ensuring operational and process safety as well as safeguarding the communities in which it operates. There are many examples of this, which include:
Development and training at Hincol varies by job role and responsibilities at our sites. Hincol is committed to a strong learning and development culture with best-in-class resources to attract, engage, develop and retain talent. We recognize the significant competitive advantage that exists in strong individual and organizational capabilities.
This capability is created when people have the knowledge, skills, abilities, experiences and discernment to execute brilliantly. Responsibility for employee capability development is led by human resources, in partnership with the functions. The function plans, manages and oversees long-term employee development and career management. This approach enables consistent and common processes and ensures greater visibility and equity in developing talent across the enterprise.
Hincol seeks to attract, engage, develop and retain the best talent. We are committed to sustaining an inclusive work environment that supports fairness and respect, self-fulfillment, teamwork, and dedication to excellence in which employees can best achieve their full potential.
We are committed to embracing generational differences in values, ways of getting things done and ways of communicating. The increasing generational diversity requires a flexible talent management model to sustain the ability to attract and retain young talent.
Hincol will continue to pursue technologies and processes considering environmental, social and economic impact of the same. Our commitment to progress never stops.