Bhubaneswar: Hindalco Industries Limited, the metals flagship of Aditya Birla Group, has been ranked as the Aluminium Industry Leader for its sustainability performance in the 2020 edition of the S&P Dow Jones Sustainability Indices (DJSI) Corporate Sustainability Assessment (CSA) rankings.
Hindalco is the only company from India to be recognised as an Industry Leader this year, said a release on Thursday.
Industry Leaders are the top-performing companies in each of the 61 industries represented in the DJSI. Hindalco got a total score of 75 points as against the industry average of 51.
The ranking is an affirmation of Hindalco’s commitment to operations under a Resilient, Responsible and Reliable business model, the company release said.
Hindalco’s scores are in the 100th percentile in most aspects of all 3 dimensions of the Environmental, Social and Governance (ESG) in the DJSI Corporate Sustainability Assessment (CSA).
The ESG assessment dimensions include aspects like climate strategy, biodiversity, environment and social reporting, water-related risks, policy influence, customer relationship management, human capital development, among others.
Hindalco had made its debut on the DJSI last year entering the emerging markets index and had scored 60 points in 2019 placing it at number 3 among in the aluminium industry globally.
Satish Pai, Managing Director, Hindalco Industries Ltd, said, “The ranking is a profound affirmation of our commitment to our Resilient, Responsible and Reliable business model. Achieving the position of Industry Leader is a recognition of our pioneering initiatives and consistent efforts to transform the global aluminium manufacturing sector to a more sustainable one.
We are happy that we have shown significant improvement in our overall sustainability scores from 60 to 75 in the past year, which is both an indication that we are very much on the right path, as well as an inspiration for us to accelerate this journey.”
Manjit Jus, Global Head, ESG Research and Data, S&P Global, said, “We congratulate Hindalco for being a DJSI Industry Leader in the Aluminium Industry and a member of DJSI Emerging Markets. A DJSI distinction is a reflection of being a sustainability leader in the Aluminium industry.
With a record number of companies participating in the 2020 Corporate Sustainability Assessment and more stringent rules for inclusion this year, this sets Hindalco apart and rewards its continued commitment to people and planet.”