Welspun Living Ltd. Achieves Highest ESG Rating in Textile, Apparel & Luxury Goods Category in 2024
20 February 2025: Welspun Living Ltd. (WLL), a global leader in home textiles, has achieved a remarkable milestone in sustainability, securing a total ESG score of 83 in the 2024 S&P Global Corporate Sustainability Assessment (CSA). This recognition solidifies WLL’s ongoing leadership as the highest-ranked textile manufacturing company from India in the Textile, Apparel & Luxury Goods category. The score also places WLL at the 4th position globally in the aforesaid category of the CSA. The company has demonstrated a significant 26% improvement from its 2023 score of 66.
WLL’s impressive performance is reflected across all three key pillars of the assessment: Governance & Economic (79), Environment (85) and Social (84). The company’s continuous advancements in sustainable manufacturing, ethical sourcing, and environmental stewardship have played a crucial role in this achievement.
Welspun Living Ltd. has outperformed industry benchmarks in ESG performance. It scored 85 in Environmental (industry mean: 34, highest: 96), 84 in Social (mean: 34, highest: 91), and 79 in Governance & Economic (mean: 38, highest: 88). These scores highlight Welspun Living’s leadership in sustainability and excellence in the industry.
Commenting on this accomplishment, Dipali Goenka, MD & CEO, Welspun Living Ltd. said “We are incredibly proud of achieving the Fourth position in the Textile, Apparel & Luxury Goods category globally in the S&P CSA with a score of Eighty Three this year. This accomplishment is a testament to the hard work and dedication of our entire team, who continuously strive to integrate sustainable practices into every aspect of our business.”
Alok Mishra, President & Group Head – Sustainability, added “This remarkable improvement in our ESG score is a result of our efforts to address the company’s ESG risks holistically and build a future proof organization. It’s a proof of our belief that economic growth and environmental stewardship can co-exist.”
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