Bharatiya Mazdoor Sangh (BMS), the Confederation of Indian Industry (CII) and Employers’ Federation of India (EFI) have jointly come up with a compliance requirement for the industry on “Responsible Business Conduct (RBC)“ in India.
This is in recognition of the need for businesses to integrate ethical, transparent, and sustainable practices that benefit workers, enterprises, and society alike.
A joint statement on the RBC was presented by the BMS in collaboration with the CII-EFI at the Regional Dialogue on Social Justice and ESIC 74th Foundation on Monday.
“The joint statement reflected a shared commitment to support ethical and sustainable business practices that respect workers’ rights, promote decent work, and support inclusive economic growth,” Union Labour and Employment Minister Mansukh Mandaviya said in his address at the Regional Dialogue.
The RBC is not just a compliance requirement—it is a strategic imperative that fosters trust, long term sustainability, and inclusive prosperity, the joint statement of BMS, EFI and CII read.
Recognising National Guidelines on Responsible Business Conduct (NGRBC) as a key framework guiding Indian businesses toward responsible and sustainable growth, the joint statement expressed commitment to protecting workers’ rights and ensure business sustainability by; promoting decent work, fair wages, improving access to social security, and safe working conditions across industries.
The focus of fostering RBC driven growth would be in crucial industries like automobile, manufacturing, electronics, apparel, and hospitality.
The joint statement said it will support policies that incentivise Corporate Social Responsibility (CSR) initiatives focused on worker welfare, skill development, and environmental sustainability.
Businesses will work toward reducing carbon footprints, adopting energy – efficient practices, and promoting ethical sourcing.
It will focus on upskilling initiatives, particularly in green skilling and supply chains, to meet evolving industry demands, promote investments, growth, and digitalisation while ensuring job security in a tech- driven economy.
The joint statement urged businesses, policymakers, and trade unions to join this national effort in embedding RBC across industries to strengthen our vision of comprehensive commitment of businesses in the country.
