Westlife Foodworld shines bright in prestigious S&P Global's Corporate Sustainability Assessment

Westlife Foodworld Ltd., which owns and operates McDonald's restaurants in West and South India, has achieved a significant milestone in corporate sustainability. The company scored 59 on the S&P Global ESG Score and 57 on the S&P Global CSA Score, both out of 100, in the prestigious S&P Global Corporate Sustainability Assessment (CSA). This remarkable performance positions Westlife as number one in India, while securing 5th position globally in the Restaurants & Leisure Facilities sector.

The company's CSA score of 57 substantially exceeds the industry average of 19, demonstrating Westlife's exceptional commitment to sustainable business practices. This achievement places Westlife ahead of several established national as well as international peers.

Smita Jatia, Vice Chairperson, Westlife Foodworld said, "At Westlife, we believe that true business leadership means excelling not just in financial performance, but in creating sustainable value across the ESG spectrum. This recognition from S&P Global is a testament to our strategic approach in integrating sustainability into our core business model. As we continue this journey, we remain focused on responsible growth that balances profitability with positive impact for our customers, communities, and the planet."

The S&P Global ESG Score, widely regarded as the gold standard for corporate sustainability assessment, evaluates companies on their management of material ESG risks, opportunities, and impacts. The assessment noted Westlife's particularly strong performance in Human Capital Management, Supply Chain Management, and Customer Relations - areas critical to long-term success in the restaurant industry.

The assessment also highlighted Westlife's exceptional commitment to transparency, with the company making available 83% of required public disclosures and 84% of additional disclosures-both rated as 'Very High' relative to industry peers. This level of disclosure demonstrates the company's strong governance, dedication to accountability and stakeholder engagement.

On the human capital front, Westlife demonstrates excellence through extensive employee training programs, with 100% of its workforce receiving skill development opportunities, and maintaining strong gender diversity with 36% female representation. The company's unblemished record on human rights and workplace safety underscores its commitment to employee wellbeing. Socially, Westlife maintains rigorous food safety and quality practices throughout its supply chain, with over 95% of products sourced from vendors covered under its Supplier Workplace Accountability program. Through Ronald McDonald House Charities Foundation India (RMHC India) initiative, the company has positively impacted more than 4000 children and their families battling cancer.

Westlife has been accelerating its sustainability roadmap with an ambitious target of becoming carbon neutral by 2050. The company's comprehensive ESG framework encompasses resource conservation initiatives, responsible sourcing practices, community development programs, and industry-leading governance protocols - thereby contributing meaningfully to India's Sustainable Development Goals (SDG).

Shares of Westlife Foodworld Ltd was last trading in BSE at Rs. 683.10 as compared to the previous close of Rs. 699.05. The total number of shares traded during the day was 1318 in over 218 trades.

The stock hit an intraday high of Rs. 696.00 and intraday low of 675.00. The net turnover during the day was Rs. 901226.00.

Source : Equity Bulls

Keywords

WestlifeFoodworld INE274F01020 SPGlobal CorporateSustainabilityAssessment