Welspun India stock surges over 1% after being rated by Dow Jones Sustainability Index in CSA 2021

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Home textiles leader, Welspun India has been rated by DJSI through Corporate Sustainability Assessment 2021 (CSA). The company has emerged as one of the leading companies for sustainability with its strong environmental performance as well as significant improvement in its social and governance impact parameters.

In its maiden assessment by the DJSI, Welspun India secured an ESG rating of 48, which is 62% higher than the average industry* score. The entity achieved a score of 45 in the Environmental Dimension followed by a score of 50 in Social and 47 in the governance dimension, all of which stand higher than the industry average. 

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 Corporate Social Value (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.”

Sharp focus on product innovation, customer-centricity, inclusive growth and resource efficiency have helped the company achieve above the industry average in CSA DJSI 2021. This reaffirms the company’s strategic efforts to integrate ESG drivers and a circular approach in all aspects of its operations.

The DJSI Corporate Sustainability Assessment (CSA), the world’s most renowned sustainability indices, enables industries to directly report key sustainability metrics and benchmark their performance on a wide range of industry-specific economic, environmental and social criteria that are relevant to the growing several sustainability-focused investors and financially relevant to corporate success.

At around 11.07 am, Welspun India was trading at Rs138.15 per piece up 1.2% on Sensex.