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UPL Ltd bags the Asian Sustainability Leadership Award for Excellence in Sustainability Performance Management

Posted On: 2021-06-14 05:07:53 (Time Zone: UTC)

UPL Ltd., a global provider of sustainable agriculture products and solutions, has received the prestigious Asian Sustainability Leadership Award for Excellence in Sustainability Performance Management for displaying commendable commitment to sustainability. The Asian Leadership Awards (ALA) acknowledges remarkable business leaders and organizations in Asia for their continuing commitment to excellence, developing best practices and innovative strategies.

UPL has been recognized as a sustainability leader by the respected organizations like DJSI and Sustainalytics, and its unique approach to the food value chain puts sustainability at the centre-stage. UPL Ltd. has showcas edits commitment to sustainability via numerous initiatives and programs. A few noteworthy achievements on reducing the environment footprint at UPL includes the reduction of carbon emission intensity by 26%, waste disposal intensity by 45% and water consumption intensity by 21% during the period FY2017 to FY 2020 (considering 2015-16 as the baseline). UPL Ltd operates in over 138 countries across the globe and 60% of its plants are zero liquid discharge plants.

In addition to this, the company is a member of the UN Global Compact as well as the World Business Council for Sustainable Development, both working towards sustainable development. UPL was the only crop protection company in the world to be included in the Dow Jones Sustainability Yearbook 2020, and was rated as the #1 agrochemical company globally by renowned international sustainability rating agency, Sustainalytics. It has also been rated by FTSE Russell with a growth of over 25% in the last three years, and is a certified logo holder of FTSE4Good & Responsible Care.

Dr. Mritunjay Chaubey, Global Vice President- Environment & Sustainability, UPL Ltd commenting on the achievement, said, "We at UPL are constantly working to improve sustainability in agriculture as this has been a part of our core philosophy since inception and is practiced in our business across the value chain. We are extremely grateful and humbled to have received this award, and we hope to continue our mission to change the game and make every single food product more sustainable."

Shares of UPL Limited was last trading in BSE at Rs.836.5 as compared to the previous close of Rs. 838.6. The total number of shares traded during the day was 249469 in over 4309 trades.

The stock hit an intraday high of Rs. 845 and intraday low of 830.15. The net turnover during the day was Rs. 208325120.

Source: Equity Bulls

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