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Manorama Industries Limited recognized by Fair Trade and Fair for Life Certifications for its ESG Practices

Posted On: 2021-01-27 07:37:51 (Time Zone: Arizona, USA)

Manorama Industries Limited, a global pioneer in the manufacturing of specialty fats, has announced that the company has achieved new milestones by receiving two certificates from International Certification Body in sustainability with ethical sourcing.

Fair Trade - FLOCERT

Fairtrade certification is a Trade Certification system where social, economic and environmental aspects of production are certified against Fairtrade Standards for Traders.

The Fairtrade system monitors the buying and the selling of the product until it is consumer packaged and labelled.

Certificates are issued after confirmation that all relevant Fairtrade Standards have been complied with.

Fair for Life - ECOCERT

Fair for Life Certification assures that human rights are safeguarded at any stage of production, workers enjoy good and fair working conditions and smallholder farmers receive a fair share.

Fair trade improves the livelihood of thousands of smallholder farmers and - workers by providing the means for social community projects and for life empowerment of people.

Manorama - Focused on Sustainability

Manorama Group has a well-established and dedicated resource base with core strengths in Origination, Sales Distribution, Logistics and Risk Management. The Company's supply chain is a synergic configuration with IP handling and a Traceability System. At Manorama, quality control and community welfare are an integral part of its supply and distribution chains. Right from the way raw material is sourced, to the way it is transported and subsequently processed at its plants, every step factors quality, and involvement of local communities. A traceability system also ensures that the raw materials are clearly traceable by origin and supplying community, so that they are properly compensated.

Commenting on this achievement Mrs. Vinita Saraf, Chairperson and Managing Director said "We take pride in announcing that our company has been certified by International Certification body FLOCERT and ECOCERT in sustainability for ethical sourcing. At Manorama Industries, it has been our constant endeavor to practice and implement fair and sustainable processes right from sourcing of raw materials to finished products. These certifications are the testimony to our commitment to create and contribute to a healthy ecosystem and build strong communities for a better tomorrow."

Shares of Manorama Industries Ltd was last trading in BSE at Rs.611 as compared to the previous close of Rs. 604.1. The total number of shares traded during the day was 4350 in over 25 trades.

The stock hit an intraday high of Rs. 629 and intraday low of 611. The net turnover during the day was Rs. 2693107.

Source: Equity Bulls

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