Company report
Summary Results
Coal India’s strongest performances are found in Business Conduct and Working Conditions. In Business Conduct, the company’s performance is driven mostly by its commitment to prevent bribery and corruption as well as its assignment of senior management responsibilities and accountabilities to carry out this commitment. In Working Conditions, the company’s performance stems from its attention to occupational health and safety. Coal India has formalised its commitment to provide safe and healthy working conditions, and has assigned responsibility and accountability within senior management as well as providing resources to carry out this commitment. The company also shows some evidence of systematically tracking and reviewing of its performance on occupational health and safety.
While Coal India does not rank among the ten strongest performing companies for any thematic area, its result on one indicator sets it among the two best performing companies for this topic, namely the management of noise and vibration impacts. The company has systems in place to ensure its operations regularly assess the noise and vibration levels generated by their activities, and develop strategies to reduce these impacts.
However, Coal India’s overall results are limited by a relative lack of evidence on Economic Development and Community Wellbeing; this includes a lack of evidence of developing procurement opportunities for producing country suppliers beyond those located near its mine sites, and a lack of evidence of systematic action on human rights issues. While the company has made some level of commitment to respect human rights, it shows no evidence of undertaking human rights due diligence or reporting on its management of human rights issues.
The maximum value of 1.000 represents the aggregation of best scores achieved for all indicators in a given thematic area, taking into account all companies’ results. As the aggregate best score varies from one area to another, these charts cannot be used to compare company performances across different areas.
All company results are based on public domain data that have been sourced by RMI analysts or provided by companies. In the case of a few companies, very little information was available. It is important to note that a low score may only reflect a lack of relevant information in the company’s publicly available documentation.
Relative company performance
Commitment (11 indicators)
Action (41 indicators)
Effectiveness (21 indicators)
Indicator-by-indicator results
Economic Development
A.01 National and Regional Socio-Economic Development Planning
A.02 Procurement
A.03 Capacity Building
A.04 Enhancing the National Skills Base
Selected Mine sites results
Mine sites individually assessed but not included
in the overall company score
| Mine Site Name | Local Procurement (score /6.00) | Local Employment (score /6.00) | Community grievance mechanism (score /6.00) | Workers grievance mechanism (score /6.00) | Water quality and quantity (score /6.00) | Biodiversity management (score /6.00) | Mine site (score /6.00) |
|---|---|---|---|---|---|---|---|
| Ananta | 0 | 0 | 0 | 0 | 2 | 0 | 0.33 |
| Dipka | 0 | 0 | 0 | 0 | 2 | 0 | 0.33 |
| Gevra | 0 | 0 | 0 | 0 | 2 | 0 | 0.33 |
| Jayant | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 |
| Nigahi | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 |
List of all mine sites
| Mine Site Name | Aliases | Country | Company's share (%) | Products | Mining types |
|---|---|---|---|---|---|
| Ananta | Talcher | India | 100 | Coal | Open-pit |
| BCCL 13 Underground Mines | India | 100 | Coal | Underground | |
| BCCL 17 Mixed Mines | India | 100 | Coal | Open-pit, Underground | |
| BCCL 18 Open-cast Mines | India | 100 | Coal | Open-pit | |
| CCL 2 Mixed Mines | India | 100 | Coal | Open-pit, Underground | |
| CCL 21 Underground Mines | India | 100 | Coal | Underground | |
| CCL 42 Open-cast Mines | India | 100 | Coal | Open-pit | |
| Dipka | Korba | India | 100 | Coal | Open-pit |
| ECL 18 Open-cast Mines | India | 100 | Coal | Open-pit | |
| ECL 8 Mixed Mines | India | 100 | Coal | Open-pit, Underground | |
| ECL 80 Underground Mines | India | 100 | Coal | Underground | |
| Gevra | Korba | India | 100 | Coal | Open-pit |
| Jayant | India | 100 | Coal | Open-pit | |
| MCL 10 Underground Mines | India | 100 | Coal | Underground | |
| MCL 18 Open-cast Mines | India | 100 | Coal | Open-pit | |
| NCL 10 Open-cast Mines | India | 100 | Coal | Open-pit | |
| NEC 1 Underground Mine | India | 100 | Coal | Underground | |
| NEC 3 Open-cast Mines | India | 100 | Coal | Open-pit | |
| Nigahi | India | 100 | Coal | Open-pit | |
| SECL 1 Mixed Mine | India | 100 | Coal | Open-pit, Underground | |
| SECL 22 Open-cast Mines | India | 100 | Coal | Open-pit | |
| SECL 63 Underground Mines | India | 100 | Coal | Underground | |
| WCL 2 Mixed Mines | India | 100 | Coal | Open-pit, Underground | |
| WCL 39 Underground Mines | India | 100 | Coal | Underground | |
| WCL 45 Open-cast Mines | India | 100 | Coal | Open-pit |
Main Shareholders
| As of: 30/03/2018 | Shares (%) |
|---|---|
| Government of India | 78.55 |
| Life Insurance Corporation of India | 8.33 |
| LIC Mutual Fund Asset Management Company Ltd. | 1.33 |
| The Vanguard Group, Inc. | 0.7 |
| Goldman Sachs Asset Management (India) Private Ltd. | 0.47 |
| BlackRock Institutional Trust Company, N.A. | 0.38 |
| HDFC Asset Management Co., Ltd. | 0.24 |
| Eastspring Investments (Singapore) Limited | 0.24 |
| SBI Funds Management Pvt. Ltd. | 0.22 |
| ICICI Prudential Asset Management Co. Ltd. | 0.18 |
| JPMorgan Asset Management U.K. Limited | 0.18 |
| Baron Capital Management, Inc. | 0.15 |
| Standard Life Investments Ltd. | 0.1 |
| UTI Asset Management Co. Ltd. | 0.08 |
| BlackRock Investment Management, LLC | 0.07 |
Known Subsidiaries
| As of: 31/03/2017 | Country |
|---|---|
| Bharat Coking Coal Ltd. | India |
| Central Coalfields Ltd. | India |
| Central Mine Planning and Design Institute Ltd. | India |
| CIL NTPC Urja Private Ltd. | India |
| Coal India Africana Limitada | Mozambique |
| Eastern Coalfields Ltd. | India |
| Hindustan Urvarak and Rasayan Limited | India |
| International Coal Ventures Private Ltd. | India |
| Mahanadi Coalfields Ltd. | India |
| Northern Coalfields Ltd. | India |
| Rashtrya Coal Gas Fertilizers Ltd. | India |
| South Eastern Coalfields Ltd. | India |
| Talcher Fertilizers Limited | India |
| Western Coalfields Ltd. | India |
Known Tax Jurisdictions
| India | Mozambique |
Recent involvements in Investor/State investment disputes (since 2014)
Disclaimer
The findings, conclusions and interpretations within this 2018 Responsible Mining Index (RMI) report do not necessarily represent the views of funders, trustees, and employees of the Responsible Mining Foundation, and others who participated in consultations and as advisors to the report.
This report is intended to be for information purposes only and is not intended as promotional material in any respect. The report is not intended to provide accounting, legal, tax or investment advice or recommendations, neither is it intended as an offer or solicitation for the purchase or sale of any financial instrument. In order to fully understand the methodology of the 2018 Responsible Mining Index, the respective sections on the website should be consulted.
The RMI seeks evidence of companies’ policies and practices on economic, environmental, social and governance (EESG) issues, but does not seek to measure the actual outcomes achieved on EESG issues. Results are based only on evidence sourced from the public domain or provided by companies as open data. Whilst this information is believed to be reliable, no guarantee can be given that it is accurate or complete, nor does it preclude the possibility that policies and practices may exist, but which the RMI has not been able to consider for purposes of assessment. In this respect, the results of the low-scoring companies do not necessarily reflect a lack of relevant policies and practices; as they may be due to a lack of public reporting by the companies, limitations in accessing information, and/or any difficulties in accessing the RMI company portal.
It should be noted that, prior to publication, all companies in the Index were invited to check the factual accuracy of the contextual data and evidence upon which the Index is based and to review company information in the RMI document library.
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