Welspun Corp ranked in the top one-third in the steel industry in S&P Global’s DJSI Corporate Sustainability Assessment

This marks a milestone for the company, which is a part of a growing movement for ESG consciousness and transparency.

December 22, 2021 7:54 IST | India Infoline News Service
Welspun Corp
Welspun  Corp Ltd. (WCL),  one  of  the  world's  largest  welded  line pipe  manufacturing companies and part of the USD 2.7 billion Welspun Group, announced that the Company has  ranked  14th among  the  41  companies  included in  its industry group (66th  percentile)  in S&P Global’s DJSI  Corporate  Sustainability  Assessment (CSA) (Score  date:  Nov  12,  2021). Welspun  Corp’s  Social  Dimension  percentile is 75 and Governance & Economic Dimension percentile is 78, both in the top quartile for the steel  industry.  This  marks  a  milestone  for  the  company,  which  is  a  part  of  a  growing  movement  for  ESG  consciousness and transparency.

Over 10,000 companies across the globe were a part of the sustainability assessments this year. Each year  S&P Global invites the largest companies to participate in the Corporate Sustainability Assessment (CSA) to  gain deeper insights into their ESG performance relative to peer firms while providing the transparency that  investors need on their progress towards sustainability. S&P Global ESG Scores are also the key factor for  selecting companies for the Dow Jones Sustainability Indices (DJSI).

Commenting on this milestone, Mr. Vipul Mathur, Managing Director & CEO, Welspun Corp Limited said, “This  reflects  our  ongoing efforts  to  strategically embed ESG  drivers into  our  business. We  are  cognizant  of  the  changing expectations of our stakeholders and would like to contribute positively in transitioning to a more  sustainable and low carbon mode of operation. These  scores will help us keep our  sustainability  roadmap  future‐ready. ” 

Mr.  Percy  Birdy,  Chief  Financial  Officer,  Welspun  Corp  Limited  said,  “I  am  delighted  that  our  efforts  to  strengthen Governance have been recognized. We have an independent and diverse Board which has adopted  several  Policies  in  line  with  global  best  practices,  a  well‐defined  Code  of  Conduct  and  an  effective  Risk  Management framework.” 

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