Welspun Living Limited (WLL), a leading global supplier of home textiles, has reached a significant milestone in sustainability by achieving a remarkable ESG (Environmental, Social, and Governance) score of 83 in the 2024 S&P Global Corporate Sustainability Assessment (CSA). This achievement positions WLL as the highest-ranked textile manufacturing company from India in the Textile, Apparel & Luxury Goods category. Globally, the company now ranks 4th in the same category. The new score reflects a notable 26% improvement from WLL’s 2023 ESG score of 66, underscoring its commitment to sustainable business practices and responsible growth.
The company excelled across all three pillars of the assessment: Governance & Economic (79), Environmental (85), and Social (84). This success highlights WLL’s ongoing efforts in sustainable manufacturing, ethical sourcing, and environmental stewardship. With a strong focus on innovation, transparency, and circular economy principles, WLL continues to embed sustainability at the heart of its operations.
Welspun Living’s ESG performance surpasses industry averages in every dimension. In the Environmental category, the company scored 85 (industry mean: 34; highest: 96); in Social, it achieved 84 (mean: 34; highest: 91); and in Governance & Economic, it earned 79 (mean: 38; highest: 88). These exceptional results affirm WLL’s leadership in sustainability and industry excellence.
Dipali Goenka, MD & CEO of Welspun Living Limited, expressed her pride in the achievement:
“We are thrilled to have secured the 4th position globally in the Textile, Apparel & Luxury Goods category of the S&P CSA with an ESG score of 83 this year. This accomplishment is a testament to our team’s dedication to integrating sustainable practices across all aspects of our business. At Welspun Living, we believe that responsible growth must go hand in hand with innovation and transparency. We remain steadfast in our commitment to sustainable manufacturing and setting new benchmarks for the industry.”
Alok Mishra, President & Group Head – Sustainability, also commented on the achievement:
“This significant improvement in our ESG score reflects our holistic approach to addressing ESG risks and building a future-ready organization. It reinforces our belief that economic growth can coexist with environmental stewardship. This success motivates us to continue working toward our long-term vision of creating impact-driven solutions for a better world.”
As sustainability continues to reshape the global business landscape, Welspun Living remains committed to advancing its ESG initiatives and setting new benchmarks for responsible growth in the textile industry. The company’s strategic focus on decarbonization, water conservation, circular economy, and social empowerment ensures a comprehensive and impactful approach to long-term value creation.
