UPL's excellence in corporate sustainability recognized for second consecutive year by S-;P Global Sustainability Yearbook

2 Feb 2022 , 09:39 AM

UPL Ltd has been included in the S&P Global Sustainability Yearbook 2022 for the second year running in recognition of its strong performance in environmental, social and governance risk management.

The Corporate Sustainability Assessment (CSA) is issued annually by S&P Global and UPL’s inclusion recognises its achievements in Reimagining Sustainability within the global food industry. The CSA offers insights alongside highlighting opportunities and risks deriving from economic, environmental, and social trends and developments that have an impact on the competitive position of companies in 61 industrial sectors analyzed.

The CSA is built using over 140,000 documents and comparing over 13 million data points, making it one of the largest and most comprehensive global databases on corporate sustainability. To be listed in the Yearbook, companies must score within the top 15% of their industry and must achieve an S&P Global ESG Score within 30% of their industry’s top-performing company.

Jai Shroff, Global CEO of UPL Ltd, said, “Over the past few years, UPL has made a concerted effort to take a leadership role in reshaping the contribution of world agriculture to a climate positive future. With a focus on Reimagining Sustainability, we are striving to drive innovation to make global food production more sustainable, and more secure.

We are proud to be recognised by S&P, but UPL’s leadership position across many of the major sustainability rankings is not only testament to the progress that has been made, but to how much more we must and will accomplish in the future.”

Manjit Jus, Managing Director, Global Head of ESG Research, S&P Global, said, “We congratulate UPL on inclusion in The Sustainability Yearbook 2022. Over 7,000 companies were assessed, and this distinction highlights dedication to sustainable business practices.”

UPL’s continued inclusion in the S&P Global Sustainability Yearbook, follows recent recognition of the company’s strong sustainability performance across other major global indices in 2021: Sustainalytics, one of the world’s most respected ESG indices, ranked UPL as the highest performing top-tier global crop protection company for overall sustainability performance.

Additionally, UPL recorded a 50% improvement on the Dow Jones Sustainability Index from its 2018 score, and a FTSE Russell score that was 68% higher than the industry average.

At around 9:39 AM, UPL was trading at Rs790.40 apiece up by Rs5.45 or 0.69% on the BSE.