Eicher Motors Limited (EML) has announced its inclusion into the Dow Jones Sustainability Indices (DJSI)- Emerging Markets category. The automaker has become one of the 10 automotive companies from across the globe to make it to this coveted list for 2021. DJSI-2021, which is among the worlds longest-running and most renowned sustainability benchmarks for best practices in ESG, has featured just three local automotive companies, including EML. Also, Eicher has made a 100% YoY improvement in its score, which is something that has helped it rank 8th among the sustainability leaders in the developing markets.
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The DJSI rankings highlight EMLs increased focus on developing and shaping a robust Environmental, Social and Governance (ESG) vision, with measured commitments, targets and direction for the future. These include improving and adopting effective and environment-friendly manufacturing processes, working towards attaining carbon neutrality, eliminating the usage of single-use plastics, focusing on road safety, community development and vocational training programs, among other initiatives.
Speaking about this achievement, Siddhartha Lal, Managing Director of Eicher Motors Ltd, said, As we chart EMLs next stage of growth with an immense focus on our strategic business plans and goals, an effective and impactful Environmental, Social and Governance (ESG) vision is a key aspect to define this growth for us. Over the last few years, we have made significant strides across all parameters to deliver positive results in line with a renewed ESG vision. Our inclusion in the DJSI index is a testament to the success of our initiatives and direction. We are committed to making concerted efforts to further realise this vision and deliver a positive impact across the entire product value chain.
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EML registered an overall score of 61 points and featured in the 76th percentile in FY21 as compared to a score of 29 points and a percentile position of 50 in FY20. The company has marked a significant uptick as compared to its previous performance in the DJSI across all parameters including Governance & Economic Dimension and Environment Dimension amongst others. A total of 360 Indian companies were invited to participate in DJSI in 2021, out of which EML made it to an exclusive list of 15 Indian companies which became a member of the DJSI Emerging Markets Index across all sectors.
Created jointly by S&P Dow Jones Indices and SAM (Suitable Asset Management), the DJSI combines the experience of an established index provider with the expertise of a specialist in Sustainable Investing to select the most sustainable companies from across 61 industries.
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The indices serve as benchmarks for investors who integrate sustainability considerations into their portfolios and provide an effective engagement platform for investors who wish to encourage companies to improve their corporate sustainability practices. The Dow Jones Sustainability" Emerging Markets Index comprises emerging-market sustainability leaders as identified by S&P Global through the Corporate Sustainability Assessment (CSA). It aims to represent the top 10% of the largest 800 companies in 20 emerging markets based on long-term economic, environmental and social criteria.
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