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Welspun India advances significantly in the Dow Jones Sustainability Index score in 2022



Posted On : 2023-03-27 15:15:31( TIMEZONE : IST )

Welspun India advances significantly in the Dow Jones Sustainability Index score in 2022

Welspun India Ltd. (WIL), global leaders of home textiles, announced its DJSI, Corporate Sustainability Assessment (CSA) scores for 2022. It received an overall score of 59 which is a significant improvement of 23% over last year's score of 48. WIL now stands among the top 5 percentile of textile companies globally as per the CSA. The scores in the environmental, social and governance dimensions are also in the 93rd, 95th & 96th percentile respectively.

WIL has established itself as a leader in the textile industry for sustainability with its strong environmental and social performance as well as a robust governance mechanism.

"The organization has come a long way in terms of sustainability and adapting global ESG trends and practices across its manufacturing facilities. The recent DJSI score is a reflection of our robust ESG frameworks and implementation of policy at the operational level," said Dipali Goenka, CEO & Joint MD of Welspun India Limited. "This also takes us a step closer to our aim of becoming a carbon and water neutral company by 2030. Welspun India is built on purpose, and we have a clear roadmap to be future‚Äźreadywith capabilitiesto create shared value in the communitieswe operate in" she added.

Commenting on this achievement, Mr. 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 track to achieving our stated ESG goals, much to the satisfaction and delight of all of our stakeholders."

The Dow Jones Sustainability Index evaluates companies in the areas of environment, social responsibilities and corporate governance structure. Thisis also among the world's most renowned sustainability indices, enabling industries to directly report key sustainability metrics and benchmark their performance on a wide range ESG dimensions that are relevant to the growing number of sustainability focused investors and financially relevant to corporate success.

Shares of Welspun India Limited was last trading in BSE at Rs. 65.29 as compared to the previous close of Rs. 66.36. The total number of shares traded during the day was 67876 in over 799 trades.

The stock hit an intraday high of Rs. 66.04 and intraday low of 64.90. The net turnover during the day was Rs. 4443911.00.

Source : Equity Bulls

Keywords

WelspunIndia INE192B01031 DJSI CorporateSustainability AssessmentScore