Mumbai, Dec 16: Welspun India, global leader of home textiles, announced today that it has been selected as one of the world’s leading companies for sustainability by the Dow Jones Sustainability Index (DJSI).
This year, the Welspun Group’s company, Welspun India Limited, has featured in the Index due to strong environmental performance as well as significant improvement in its social and governance impact parameters.
In its maiden ranking on the DJSI, Welspun India’s ESG Score stands at 48, which is over 62% higher than the average industry score. Additionally, with a score of 45, the entity’s Environmental Dimension scores are 75% higher than the industry average, while the Social Dimension score, at 50, is 54% higher than the industry average.
Sharp focus on product innovation, customer centricity, inclusive growth and resource efficiency have led to Welspun India’s entrance into the prestigious sustainability indices. This reaffirms the company’s strategic efforts to integrate ESG drivers and a circular approach in all aspects of its operations.
Commenting on this achievement, Dipali Goenka, CEO & Jt. MD, Welspun India Ltd said, “As a leader in the manufacturing sector, we see extraordinary possibilities to increase our positive impact. Be it our aim to be carbon and water neutral by 2030, obtain 100% of our cotton sustainably or impact a million lives through CSV interventions by 2030, our ESG efforts drive measurable results. Welspun India is built on purpose, and we have a clear roadmap to be future-ready with capabilities to create shared value in the communities we operate in.”
Commenting on this achievement, Sanjay Gupta, CFO, Welspun India Ltd, said, “At Welspun, we believe in progressing together as a society, united in our efforts in safeguarding the environment and communities at large. We are on the right path in accomplishing our outlined ESG goals, to the delight of all our stakeholders. This achievement exhibits our relentless efforts toward this common purpose and motivates us to go the extra mile.”
The Dow Jones Sustainability Indices represents 10% of the world’s most sustainable companies of an industry that lead the scoreboard based on their performance across a variety of criteria, including economic performance, environmental stewardship, social responsibility, and corporate governance.