Stock Report

Welspun Corp ranks in the Top 7% in Global Steel Industry in S&P Global's DJSI Corporate Sustainability Assessment

Posted On : 2023-02-21 15:34:44( TIMEZONE : IST )

Welspun Corp ranks in the Top 7% in Global Steel Industry in S&P Global's DJSI Corporate Sustainability Assessment

Welspun Corp Ltd. (WCL), one of the world's largest line pipe manufacturing company and part of the global conglomerate Welspun Group, announced that its score is in the 93rd percentile of the Steel industry in S&P Global's DJSI Corporate Sustainability Assessment (CSA) (Score date: Feb 17, 2023). WCL's Governance & Economic Dimension score is in the 98th percentile, Environmental Dimension score is in the 91st percentile and Social Dimension score is in the 92nd percentile, all in the top ten percent ranking for the steel industry globally. The company has received a total score of 57 out of 100, showing a significant improvement of 16 points over the last year.

The S&P Global CSA is an annual evaluation of companies' sustainability practices. It covers over 10,000 companies from around the world. The CSA focuses on sustainability criteria that are both industry-specific and financially material and has been doing so since 1999.

Mr. Vipul Mathur, Managing Director & CEO, Welspun Corp Ltd. said, "The improvement in scores reflects the impact of our efforts to integrate ESG across the organization. We have continued to progress on our ESG objectives and have also published our maiden Sustainability Report this year. WCL is focused on delivering longterm, sustainable value for all its stakeholders and will strive towards reducing the environmental impact of its operations."

He further added, "I am pleased to see that our efforts to strengthen Corporate Governance practices have been recognized with an improvement in our score from 52 to 69 in the Governance & Economic Dimension. Good Governance plays an important role in implementing successful ESG strategies and in effectively managing climaterelated risks. I look forward to sharing more progress on our unstinting commitment towards Corporate Governance."

Shares of Welspun Corp Limited was last trading in BSE at Rs. 194.70 as compared to the previous close of Rs. 195.05. The total number of shares traded during the day was 11524 in over 411 trades.

The stock hit an intraday high of Rs. 196.90 and intraday low of 193.25. The net turnover during the day was Rs. 2246269.00.

Source : Equity Bulls


WelspunCorp INE191B01025 SandPGlobal DJSI CorporateSustainabilityAssessment