Kolkata : Crompton Greaves Consumer Electricals Ltd., renowned for its wide range
of energy-efficient and sustainable consumer products, has secured a top
ranking in the Dow Jones Sustainability Index (DJSI) for its outstanding
environmental, social, and governance (ESG) performance. Crompton worldwide, places in the 94th percentile globally and secures
the 7th position among its peers in the DHP Household Durables sector. This
rating further underlines Crompton's dedication to sustainable practices and
its position as a leader in the industry.
The
Dow Jones Sustainability Index (DJSI), established in 1999, serves as a
benchmark for evaluating the sustainability performance of thousands of
publicly traded companies worldwide. The rigorous evaluation process of the
DJSI includes assessing companies based on economic, environmental and social
criteria, with a focus on long-term sustainability. The DJSI World, for
example, recognizes the top 10% of the largest 2,500 companies in the S&P
Global Broad Market Index based on long-term ESG criteria.
Crompton’s
DJSI score this year reported big improvements in its ratings in critical
areas, which includes environmental sustainability, product stewardship, high
impact social responsibility initiatives, diversity, employee well-being, human
capital development and strong governance practices. As the company continues
its sustainability journey, it remains steadfast in its commitment to continual
improvement and innovation, seeking new opportunities to address global
challenges and drive positive change.
Commenting on the rating, Promeet Ghosh, MD & CEO,
Crompton Greaves Consumer Electricals Ltd. said, “Sustainability
is fundamental to what we do at Crompton. That's why we design and manufacture
products with energy efficiency at their core. From iconic fans to durable LED
lighting, Crompton products empower consumers to minimize energy use and reduce
their environmental footprint. We are constantly exploring new technologies and
materials to further enhance the sustainability of our offerings, ensuring that
every Crompton product empowers consumers to make responsible choices for their
homes and the planet. We believe that sustainable practices are not just good
for the planet, but also good for our business and our customers. We are
committed to involving our employees, customers, and business partners in our
collective pursuit of a more sustainable future.”
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