Ashok Leyland Ranked No. 1 Globally In Sustainalytics’ Ratings For Its Commitment To Sustainable Business Operations

With its consistent efforts to meet sustainability goals and adherence to best manufacturing practices, Ashok Leyland is ranked No. 1 globally in Sustainalytics’ Ratings, Read here for details:

Key Highlights

• Ashok Leyland sets a new record by reinforcing its commitment to sustainability.
• The company is globally ranked No.1 in Sustainalytics' ESG risk rating and adherence to sustainability.
• Sustainalytics is a globally recognised provider of ESG research and ratings.

With gradual steps that resonate with the company’s firm commitment to sustainability, Ashok Leyland, the Indian flagship of Hinduja group, announces that it has secured the No.1 ranking in Sustainalytics' ESG risk rating for the heavy machinery and commercial-grade trucks sector in Q3 FY25. An ESG or environmental, social and governance risk rating assesses the energy efficiency in the production process, workers' safety, independence of the board and other critical risks. This is done to set high safety standards and attain sustainability goals for a better tomorrow. Ashok Leyland is gauged on these criteria and is deemed No.1 for its sustainability efforts and energy efficiency, by Sustainalytics. 

Sustainalytics is a globally recognised provider of ESG research and ratings. The entity has assessed Ashok Leyland’s performance across multiple ESG parameters, including environmental management, social responsibility, and corporate governance. The company’s outstanding performance underscores its commitment to meet the sustainability criteria. 

What Does This Mean For Ashok Leyland?  

The globally recognised ranking resonates with Ashok Leyland’s commitment to the company’s leadership in environmental, social, and governance (ESG) principles –  with a strong focus on integrating sustainability across business operations, product stewardship, corporate social responsibility, and the broader ecosystem. Ashok Leyland asserts in a release that it represents the commitment of the brand to transparency and enhanced disclosures to ensure a sustainable tomorrow, cementing its position as a global leader in sustainable practices. Ashok Leyland promises to continue to follow the best practices. 

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Insights: Ashok Leyland Comments

Shenu Agarwal, MD and CEO, Ashok Leyland, said, “We are honored to be ranked No. 1 globally in Sustainalytics' ESG Risk Rating for Heavy Machinery and Trucks. This prestigious recognition reflects our steadfast commitment to ESG excellence. Being acknowledged by a globally renowned platform is a testament to Ashok Leyland’s dedication as we accelerate toward our vision of being amongst the Top 10 global commercial vehicle player.”

Alok Verma, head - corporate strategy and ESG, Ashok Leyland, said, “We are thrilled to secure the top global ranking in Sustainalytics’ ESG Risk Rating. It is a testament to our relentless commitment to embedding sustainability into our core business strategy. At Ashok Leyland, we believe that integrating ESG into our core strategy not only strengthens our business but also ensures that we create long-term value for all our stakeholders. This recognition further motivates us to accelerate our journey towards a greener, more responsible future.” 

Conclusion: The Route Map To Success? 

Over the years, Ashok Leyland as a company has set different strategic goals to attain sustainability, ensuring a compliance-based sustainability approach. The company has a comprehensive approach to embracing competitive sustainability. Ashok Leyland has set ambitious goals including attaining carbon-neutral manufacturing operations by 2030 and adhering to RE100 by 2030. That’s not it, Ashok Leyland plans on reaching net-zero emissions by 2048. It is safe to say that such strategic plans and its dedication to creating a cleaner future have helped it secure the No.1 global ranking in Sustainalytics' ESG risk rating for the heavy machinery and trucks sector. 

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