- Havells has become the first India based electrical company to be included in this index
- There are only 12 Indian companies in the Dow Jones Sustainability Index
Havells India has become a part of Dow Jones Sustainability Index for emerging markets. Launched in the year 1999, Dow Jones Sustainability Index is one of the longest running global sustainability benchmark evaluating the sustainability performances of over 4700 companies across the globe based on various parameters. This index is also refereed to as a key reference point for several investors and companies.
Anil Sharma, head, Corporate Communications (CSR) Sustainability, Havells India Limited, said, “We are ecstatic and proud to be part of Dow Jones Sustainability Index for Emerging Markets especially in the second year of our participation. This recognition is the result of hard work over the years and our core philosophy of ‘Shubh Laabh’ where we believe in ‘doing good deeds and profits would follow’. This recognition further strengthens our resolve to keep doing good for the environment and communities around us.”
Only 12 Indian companies in the index
Havells India has not only becomes the first Indian electrical company to be part of Dow Jones Sustainability Index for emerging markets but is also one among the 12 to be included in the index. The company also moved one position to become 6th most sustainable company in the electrical components and equipment sector globally.
Manjit Jus, head of ESG Ratings, RobecoSAM said, “We congratulate Havells India Limited for being included in the DJSI – Emerging Markets. The SAM Corporate Sustainability Assessment has again raised the bar in identifying those companies best positioned to address future sustainability challenges and opportunities. This year – which marks the 20th anniversary of the DJSI – record corporate interest in the SAM CSA reflects the enduring relevance of the DJSI for measuring and advancing ESG practices.”
Reducing dependency on fossil fuel-based electricity
Company’s official statement read, “Havells has undertaken a lot of efficient initiatives that have resulted in drastically reducing greenhouse gas emissions. The company is reducing its dependency on fossil fuel-based electricity by installing roof top solar power plant across its manufacturing units. Along with that, the company is planting four lakh trees annually with an aim to develop over 800 hectares of forest cover by 2023.”
It continued, “Promoting the concept of circular economy, the company continuously recycles and reuses more than 94 per cent of the waste generated at its manufacturing units. Havells is the only electrical company in the country to be a “water positive” and zero fatality organization and is moving to become wood and paper positive company.”