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). The company has received a total score of 57 out of 100, showing a significant improvement of 16 points over the last year.
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 long- term, 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 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 climate- related risks. I look forward to sharing more progress on our unstinting commitment towards Corporate Governance.”
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.