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Welspun Living Limited Achieves Highest ESG Rating in Textile

Mumbai, 29 March 2024: Welspun Living Ltd. (WLL), a global leader in home textiles, announces its latest S&P Global – Corporate Sustainability Assessment (CSA) scores for 2023, showcasing a remarkable achievement in its sustainability performance. With an overall score of 66 on the S&P Global ESG Score, WLL has become the top ranked textile manufacturing company from India in the Textile, Apparels & Luxury goods category in this prestigious global ESG ratings. The FY 23 scores showed significant improvement, with an approximately 11 percent increase from the previous year’s score of 59 underscoring the company’s commitment to adoption of Sustainable practices across the textile value chain. Welspun Living’s growth trajectory in sustainability is evident across all dimensions, as highlighted by the following updated scores:

S&P Global (DJSI) ESG Score

 

2022

2023

Total

59

66

Governance

67

70

Environment

54

64

Social

56

61

 

These outstanding scores position the company in the top 3 percentile of textile, apparel & luxury goods companies globally and is an example of its persistent dedication to sustainable practices and responsible corporate citizenship.

“ESG is at the core of everything that we do at WLL and the substantial improvement in S&P Global ESG scores is a testament of our efforts. We take great pride in our enhanced sustainability performance across the entire textile value chain, exemplified by our latest scores “said Dipali Goenka, CEO & MD of Welspun Living Limited. “Being the highest rated company from India in the textile, apparel & luxury goods segment underscores our commitment to leading the industry in environmental stewardship, social responsibility, and transparent governance. These accomplishments bring us closer to our ambitious objective of achieving carbon and water neutrality by 2030, demonstrating our steadfast dedication to creating shared value within the communities we serve. We are continually innovating and collaborating to ensure that our business practices align with our values and contribute positively to the world around us.”

Sanjay Gupta, CFO of Welspun Living Ltd, further added, “Our improved scores across all fronts showcase our comprehensive approach to sustainability, driven by our collective endeavours to protect the environment and uplift communities. We remain unwavering in our pursuit of excellence, meeting the expectations and aspirations of all our stakeholders. WLL’s consistent improvements underscore its alignment with global ESG trends and its commitment to sustainable business practices, making it a role model for corporate success.”

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