BUSINESS ETHICS- CSR REPORT ON ACI

A Report on. Corporate Social Responsibility of Advanced Chemical Industries Ltd (ACI) , Bangladesh

BUSINESS ETHICS- CSR REPORT ON ACI

Title: CSR of ACI, Bangladesh

Course Title: Business Ethics

Submitted To:
Mr. Shahadat Hossain Lecturer, Business Ethics BBA, ADUST.

Submitted By:
Group: FAINEANT

Group Members:
Mizanur Rahman Rumi- ID No. 103-304-431 Mitu Akter- ID No. 092-210-431

Submission Date: 15 January, 2011.

BUSINESS ETHICS- CSR REPORT ON ACI

To Mr. Shahadat Hossain Lecturer, BBA Business Ethics Atish Dipankar University of Science & Technology (ADUST) Sub: Letter of Transmission Dear Sir, It is indeed a great pleasure for us to be able to hand over the result of our hardship of the Business Ethics report on CSR of ACI, Bangladesh. This report is the result of the knowledge which has been acquired from the respective course. We tried our level best for preparing this report. The information of this report is mainly based on Internet information. Some other details were gathered from other sources. All of us gave our hundred percent for making this report come together. We, fervently hope that you will find this plan worth reading. Hope you will appreciate our hard work and excuse the minor errors. Thanking you for your cooperation. Sincerely, Mizanur Rahman Rumi- ID No. 103-304-431 (D-8) Mitu Akter- ID No. 092-210-431 (D-8) BBA, ADUST. Members of Group FAINEANT.

BUSINESS ETHICS- CSR REPORT ON ACI

First of all we want to give thanks to Almighty Allah for giving us the opportunity to complete this assignment. After that we would like to express our gratitude to our teacher Mr. Shahadat Hossain Lecturer, Dept. of Business Administration for his generous and day to day suggestion. His advice helped us a lot to prepare a complete assignment and he never hesitate to give us valuable time while preparing the assignment whenever we needed.

We like to give thanks especially to our friends and many individuals, for their enthusiastic encouragements and helps during the preparation of this report us by sharing ideas regarding this subject and for their assistance in typing and proof reading this manuscript. Working on the organization we came to know the training and development which are use here. Though it is a non profitable organization, it has proved itself in the related industry as a major competitor. In this report we have followed the guidelines provided by the teacher.

BUSINESS ETHICS- CSR REPORT ON ACI

ACI was established as the subsidiary of Imperial Chemical Industries (ICI) in the then East Pakistan in 1968. After independence the company has been incorporated in Bangladesh on the 24th of January 1973 as ICI Bangladesh Manufacturers Limited and also as Public Limited Company. This Company also obtained listing with Dhaka Stock Exchange on 28 December, 1976 and its first trading of shares took place on 9 March, 1994. Later on 5 May, 1992, ICI plc divested 70% of its shareholding to local management. Subsequently the company was registered in the name of Advanced Chemical Industries Limited. Listing with Chittagong Stock Exchange was made on 22 October 1995. Advanced Chemical Industries (ACI) Limited is one of the leading conglomerates in Bangladesh, with a multinational heritage. The company has diversified into three major businesses. In this report the Overall work of the CSR will be focused and described. To know the details of the company we were collected information and gathered with the help of the internet. ACI is the organization where actually the B.E activities are applied with a huge effort, and the outcome is also very satisfying.

BUSINESS ETHICS- CSR REPORT ON ACI

INTRODUCTION
With the increase in the size and complexity of organization, man has become the most important factor in organization. Organization needs people as owners, employees, and consumers. Organizations need people to make them operated. Advanced Chemical Industries (ACI) Limited is one of the leading conglomerates in Bangladesh, with a multinational heritage. They are very much hardworking in their CSR activities & Social Responsibility is a top priority for every individual at ACI. This report provides the details about the organizations: CORPORATE SOCIAL RESPONSIBILITY : THE WAY TO GREENER, SAFER TOMMOROW CORPORATE SOCIAL

RESPONSIBILITY.

COMPANY PROFILE ACI was established as the subsidiary of Imperial Chemical Industries (ICI) in the then East Pakistan in 1968. After independence the company has been incorporated in Bangladesh on the 24th of January 1973 as ICI Bangladesh Manufacturers Limited and also as Public Limited Company. This Company also obtained listing with Dhaka Stock Exchange on 28 December, 1976 and its first trading of shares took place on 9 March, 1994. Later on 5 May, 1992, ICI plc divested 70% of its shareholding to local management. Subsequently the company was registered in the name of Advanced Chemical Industries Limited. Listing with Chittagong Stock Exchange was made on 22 October 1995. Advanced Chemical Industries (ACI) Limited is one of the leading conglomerates in Bangladesh, with a multinational heritage. The company has diversified into three major businesses.

BUSINESS ETHICS- CSR REPORT ON ACI STRATEGIC BUSINESS UNITS: PHARMACEUTICALS CONSUMER BRANDS & COMMODITY PRODUCTS AGRIBUSINESSES: CROP CARE PUBLIC HEALTH LIVESTOCK & FISHERIES FERTILIZER CROPEX SEEDS ACI HAS THE FOLLOWING SUBSIDIARIES: ACI FORMULATIONS LTD. ACI AGRGOCHEMICALS APEX LEATHERCRAFTS LIMITED ACI SALT LIMITED ACI PURE FLOUR LIMITED ACI FOODS LIMITED PREMIAFLEX PLASTICS LIMITED CREATIVE COMMUNICATION LIMITED ACI MOTORS LIMITED ACI LOGISTICS LIMITED
1. JOINT VENTURES:

# ASIAN CONSUMER CARE (PVT) LIMITED # ACI GODREJ AGROVET PRIVATE LIMITED # TETLEY ACI (BANGLADESH) LIMITED

BUSINESS ETHICS- CSR REPORT ON ACI

SOCIETAL DEVELOPMENT THROUGH EDUCATIONAL PROGRAMS ACIS GUIDING PRINCIPLE IN ALL ITS OPERATIONS IS TO BE A RESPONSIBLE CORPORATE CITIZEN. THUS, SOCIAL RESPONSIBILITY IS A TOP PRIORITY FOR EVERY INDIVIDUAL AT ACI. OUR ENDEAVORS TOWARD DISCHARGING OUR SOCIAL RESPONSIBILITIES HAVE BECOME MORE FOCUSED SINCE OUR ADOPTION OF THE PRINCIPLES OF THE GLOBAL COMPACT. EDUCATING THE FARMERS, WITH A FOCUS ON ENVIRONMENT FRIENDLY PRACTICES ACI HAS UNDERTAKEN EXTENSIVE PROGRAMS TO EDUCATE CROP FARMERS ALL OVER RURAL BANGLADESH IN GOOD AGRICULTURAL PRACTICES. THEY HAVE A TEAM OF AGRICULTURAL EXPERTS THEIR ACTIVITIES INCLUDE# FIELD DEMONSTRATIONS ON VARIOUS METHODS OF CROP PROTECTION, THAT POSE THE LEAST HAZARD FOR THE ENVIRONMENT. # TRAINING ON NEW TECHNOLOGIES OF CULTIVATION, FOR HIGHER YIELDS AND NEW CROPS. # TRAINING TO CHANNEL PARTNERS (E.G. RETAILERS AND AGRICULTURAL EXTENSION WORKERS) AND THIRD PARTIES (E.G. NGO WORKERS). ACI ALSO HAS SIMILAR EDUCATION PROGRAMS FOR ANIMAL AND POULTRY FARMERS. THESE INCLUDE TECHNICAL TRAININGS ON DIVERSE ASPECTS OF FARMING, AND ON APPLICATION OF NEW TECHNOLOGIES. FARMERS GROUP MEETING FOR SHARING OF LEARNING AND EXPERIENCE. FREE VISITS TO FARMS BY VETERINARIANS, TO IDENTIFY PROBLEMS AND GIVE ADVICES TO INDIVIDUAL FARMERS.

BUSINESS ETHICS- CSR REPORT ON ACI ACI HOPES TO CONTINUE TO PLAY A LEADING ROLE IN PROMOTING GREATER ENVIRONMENTAL RESPONSIBILITY AMONG FARMERS IN BANGLADESH.

ACIs mission is to enrich the quality of life of people through responsible application of knowledge, skills and technology. ACI is committed to the pursuit of excellence through world-class products, innovative processes and empowered employees to provide the highest level of satisfaction to its customers.

VISION
To realize the mission ACI will: Endeavor to attain a position of leadership in each category of its businesses. Develop its employees by encouraging empowerment and rewarding innovation. Promote an environment for learning and personal growth of its employees. Provide products and services of high and consistent quality, ensuring value for money to its customers. Encourage and assist in the qualitative improvement of the services of its suppliers and distributors. Values of ACI Quality Customer Focus Fairness Transparency

BUSINESS ETHICS- CSR REPORT ON ACI Continuous Improvement Innovation

Distribution Network
The company maintains strategically located sales centers in nineteen different locations across the country. It has developed an advanced distribution system through its skilled and trained manpower and a large fleet over eighty vehicles. The distribution system is fully equipped for handling continuing volume of diverse range of products from the various businesses. The company's distribution centers are highly streamlined, computerized and automated. We are capable of maintaining a cold chain for some specialized range of products such as vaccines and insulin. The combination of this advanced function and multidimensional capabilities made it possible to handle hundreds of products efficiently.

BUSINESS UNITS
Pharmaceuticals ACI carries the legacy of ICI- world renowned British Multinational in providing the people of Bangladesh with quality medicines and healthcare products. Its state-of-the art pharmaceutical plant represents Bangladesh's quest for a truly world class manufacturing facility. ACI's rich heritage leads to innovative and higher value added formulations. The comprehensive product range of ACI pharmaceuticals include products from all major therapeutic classes and in various dosage forms like tablet, capsule, dry powder, liquid, cream, gel, ointment, ophthalmic and injectable. ACI Pharma also has state of the art plant on Novel Drug Delivery System (NDDS). It produces world class Modified Release drug and medicine to cater the requirement of pharmaceutical manufacturer of domestic and international market. It exports high quality pharmaceuticals to a good number of countries of Asia, Africa & South America. Consumer Brands & Commodity Products The Consumer Brands Division boasts in having an unequivocal presence in consumers' heart with the market leading brands like ACI Aerosol, ACI Mosquito Coil, Savlon. These are the persistent performers in keeping the household clean and free from germs and harmful insects. The necessity of pure food in the minds of Bangladeshi consumers especially in the commodity food business has pushed ACI to fill up the market gap by producing commodity

BUSINESS ETHICS- CSR REPORT ON ACI products such as Salt, Flour and Spices. Now the customers of Bangladesh are ensured with 100% pure Salt, Spices products and Wheat products under the brand name of "ACI Pure".

ACI also represents the world renowned product range of Colgate, Nivea, Tetley, Godrej & Dabur in Bangladesh through distribution and forming joint ventures. Agribusinesses ACI Agribusiness is the largest integrator in Bangladesh in Agriculture, Livestock and Fisheries and deals with Crop Protection, Seed, Fertilizer, Agrimachineries, and Animal Health products. These businesses have glorified presence in Bangladesh. CC & PH supplies crop protection chemicals, Seed supplies Hybrid Rice, vegetable and Maize seeds, Fertilizer Supplies Micronutrient and Foiler fertilizer, Agrimachineries supplies Tractors, Power Tiller and Harvester and Animal Health supplies high quality Nutritional, Veterinary and Poultry medicines and vaccines. ACI Agribusiness is having strong partnership with national and international R & D companies, universities and research institutions. Before introducing any product, it is elaborately tested in the laboratory and farmers field. ACI provides solution to the farmers through a large team of scientists & skilled professionals.

Quality Policy
ACI's mission is to achieve business excellence through quality by understanding, accepting, meeting and exceeding customer expectations. ACI follows International Standards on Quality Management System to ensure consistent quality of products and services to achieve customer satisfaction. ACI also meets all national regulatory requirements relating to its current businesses and ensures that current Good Manufacturing Practices (cGMP) as recommended by World Health Organization is followed for its pharmaceutical operations. The management of ACI commits itself to quality as the prime consideration in all its business decisions. All employees of ACI must follow documented procedures to ensure compliance with quality standards. The pool of human resources of the company will be developed to their full potential and harnessed through regular training and their participation in seeking continuous improvement of work methods

BUSINESS ETHICS- CSR REPORT ON ACI

Environmental Policy
ACI is committed to maintain the harmonious balance of our eco-system and therefore constantly seeks ways to manufacture and produce products in an eco-friendly manner so that the balance of nature remains undisturbed and the environment remains sustainable. In pursuit of this goal, ACI will

Comply fully with all local and national environmental regulations. Conserve natural resources like water and energy for sustainable development, and adopt environmentally safe processes. Ensure appropriate treatment of all effluents prior to discharge, to prevent pollution or degradation of environment. Ensure appropriate communication and cooperate with internal and external interested parties on environmental issues. Create awareness on environmental issues among our employees and suppliers. Adopt modern waste management technology.

Global Compact Endorsement

The ACI group has consistently demonstrated its commitment towards its employees and the environment over the years. It has been recognized as the practitioner and promoter of socially responsible business behaviour. To take this commitment even further, ACI has endorsed the Principles of Global Compact on August 18, 2003. The Global Compact is a remarkable initiative sponsored by the United Nations Secretary General Koffi Annan. It is based on a very simple notion: whether or not required by law, corporations should enforce basic human rights and accepted labour and

BUSINESS ETHICS- CSR REPORT ON ACI environmental standards in all their business activities, to counterbalance possible negative effects of globalization. The compact calls on companies to embrace the ten universal principles in the key areas of human rights, labour standards and the environment.

In pursuit of this goal, ACI will Comply fully with all local and national environmental regulations. Conserve natural resources like water and energy for sustainable development, and adopt environmentally safe processes. Ensure appropriate treatment of all effluents prior to discharge, to prevent pollution or degradation of environment. Ensure appropriate communication and cooperate with internal and external interested parties on environmental issues. Create awareness on environmental issues among our employees and suppliers. Adopt modern waste management technology. Some principles they follows: Human Rights 1. To support and respect International Human Rights within the company's sphere of influence.

BUSINESS ETHICS- CSR REPORT ON ACI 2. To make sure that their own corporations are not complicit with Human Rights Violation.

Labour 3. To end discrimination in the workplace. 4. Abolition of child labour. 5. The right to collective bargaining and recognition of freedom of association. 6. To eliminate the use of forced and compulsory labour.

Environment 7. To support a precautionary approach to environmental challenges. 8. To undertake initiative to promote greater environmental responsibility. 9. To encourage the diffusion of environmentally friendly technology. Anti-Corruption 10. To work against all forms of corruption, including extortion and bribery.

Communication on progress
As a continuous support to the Global Compact initiative, we have undertaken certain actions which will help us to get more aligned with Global Compact..

BUSINESS ETHICS- CSR REPORT ON ACI

CONCLUSION
ACI pledges to keep all its employees, customers, shareholders and suppliers regularly informed about the compact and the companys initiatives to uphold the principles The Consumer Brands Division boasts in having an unequivocal presence in consumers' heart with the market leading brands like ACI Aerosol, Savlon, ACI Mosquito Coil & ACI Pure Spices and Flour. With close to 80% market share in own categories, ACI Aerosol and Savlon are the persistent performers in keeping the household clean and free from germs and harmful insects. The ACI mosquito coil has also emerged as a formidable opponent to both the mosquito and the competition, by providing effective and affordable solution to the conscious people of Bangladesh. A sound mind goes with a sound body-ACI believes in this age old proverb and our young generation needs to grow up with healthy physique and sound mind who will lead the nation in future. With this belief, ACI has entered in to the commodity food business with ACI Pure Brand. The aim is to provide purest of the food products to Bangladeshi consumers at affordable price for which ACI has invested in very large scale in state of the art manufacturing facilities for daily kitchen essentials like vacuum evaporated edible Salt, Spices and Flour. The products are delighting the consumers by providing 100% dirt free, pure and natural food ingredients which can compete against any international products. As a continuous support to the Global Compact initiative, we have undertaken certain actions which will help us to get more aligned with Global Compact.

BUSINESS ETHICS- CSR REPORT ON ACI ACI is significantly contributing to national food security through its Agribusinesses division, which is the leading agricultural integrator of the country. ACI Agribusinesses is providing complete solution to the farmers need. This division has five separate SBUs. They are Seeds, Fertilizer, Motors, Crop Care & Public Health, and Animal Health. Farmers have developed confidence in our products for quality and economics. Farmers have also come to expect proper knowledge based service from our field force.

BIBLIOGRAPHY
Literature Review:
for details please open ACI COP 2008. For further information on the Compact, please visit www.unglobalcompact.org. Actually they follows almost all the corporate social responsibilities as an organization.

External Links:

http://managementhelp.org/hr_mgmnt/hr_mgmnt.htm https://myleicester.le.ac.uk/portal/form.html?form_id=6&sub=create&source=clmsadwordsb&kw=human+resource+management

BUSINESS ETHICS- CSR REPORT ON ACI