Welspun Living Ltd. (WLL) has achieved a significant milestone in sustainability. The company has been awarded the highest ESG rating by S&P Global in its annual Corporate Sustainability Assessment within the Textile, Apparels & Luxury goods category for 2023. This prestigious recognition validates WLL's dedication to responsible and sustainable operations. Its sustainability initiatives for the fiscal year 2023-24, emphasizing environmental stewardship, social responsibility, and strong governance.

Environmental Highlights

• Reduced Carbon Footprint: The company achieved a 4.34% reduction in its carbon footprint, aligning with its ambitious goal of achieving carbon neutrality by 2030.
• Expanded Renewable Energy: Welspun commissioned a 30 MW solar plant, significantly boosting its renewable energy consumption to 8.32%.
• Water Conservation: The implementation of a 30 MLD sewage treatment plant and a strong focus on water recycling yielded significant water conservation results.
• Waste Minimization: The Anjar site achieved Zero Waste to Landfill certification, and the company recycled a remarkable 22,203 MT of waste.
• Sustainable Sourcing: Welspun sourced 81% of its cotton sustainably, demonstrating progress towards its 100% sustainable cotton goal by 2030. The company also introduced a range of eco-friendly products.

Social Impact

• Employee Well-being: Women constitute 26% of Welspun's workforce, reflecting the company's commitment to gender equality. Initiatives focused on employee health and well-being were implemented throughout the year.
• Community Engagement: CSR programs positively impacted over 843,960 beneficiaries through initiatives in education, healthcare, and nutrition.
• Women Empowerment: The company launched the RISE initiative to promote gender diversity and the WelNetrutva project to empower women in rural areas.

Governance Excellence

• ESG Integration: The establishment of the ESG & CSR Committee ensures that sustainability efforts are effectively integrated into the company's strategic goals.
• Stakeholder Engagement: The Welspun ESG Compass facilitates real-time monitoring and reporting of ESG data, enhancing stakeholder engagement.
• Strong Compliance: Robust policies for anti-bribery, anti-corruption, and data privacy were maintained, with no reported incidents of non-compliance.