Mumbai: Good governance, social and environmental initiatives have stood Hindalco Industries Limited in good stead. The metals flagship of the $48.3 billion Aditya Birla Group is the only aluminium manufacturer from India to be included in the 2019 edition of the S&PDow Jones Sustainability Indices (DJSI).
DJSI, one of the most prestigious benchmarks for corporate sustainability, is the global standard for measuring and advancing corporate Environmental, Social, and Governance (ESG) practices. Hindalco, a new inclusion this year, is one of 98 companies in the Emerging Markets Index. It is one of 12 companies from India to make it to the list. DJSI score places Hindalco among the world’s top three aluminium companies.
“Ï am proud that Hindalco has successfully met the stringent criteria of DJSI,” said Satish Pai, Managing Director of the company.
“This achievement demonstrates how well sustainability has become entrenched in Hindalco. The three key pillars of our performance have been resilience in a low LME environment, given our focus on resource security and a diversified, balanced product mix; reliability through focus on manufacturing excellence, supplier risk assessment & mitigation and customer-centricity; and responsibility with our focus on environmental sustainability, safety and people initiatives. More importantly, this assessment has given us a scorecard to identify areas that requires attention and work to improve these. The DJSI scoring makes us even more committed to delivering more value going forward,” he said.