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Mahindra Becomes Only Indian Company To Enter Dow Jones Sustainability Index List
Writer: Sayujya Surjit
She is an aspiring journalist who believes pen is mightier than sword. She finds happiness in helping others and for being the voice of the voiceless.
India, 1 Dec 2021 11:31 AM GMT
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A literature lover who likes delving deeper into a wide range of societal issues and expresses her opinions about the same. Keeps looking for best-read recommendations while enjoying her coffee and tea.
Creatives : Sayujya Surjit
She is an aspiring journalist who believes pen is mightier than sword. She finds happiness in helping others and for being the voice of the voiceless.
Mahindra Group Chairman extends gratitude to the whole team for the achievement
Mahindra and Mahindra (M&M) is the first Indian 'Automobile and Components' company to enter the World Index list of companies in the Dow Jones Sustainability Index. S&P Dow Jones Sustainability Index is a partnership between S&P Dow Jones Indices and RobecoSAM.
It's the first global index to track corporates' environmental, social, and governance sustainability efforts. If a company's scores are in the top 10% of its industry globally, it is included in the World Index. As reported by Live Mint, out of the five Indian companies featured in the World Index this year, two of them were run by the Mahindra Group.
Sustainability: The Way Forward
Potential investments are now based on ESG criteria to see how advanced companies are when it comes to sustainable development. Environment, Social and Governance criteria are a set of standards that investors look into before making investments in a company. Environment criteria examine how a company is responsible for protecting the environment.
Social criteria examines how a company manages its employees, customers and all other people associated with it. Governance criteria examine a company's leadership, executive pay, audits, internal controls, and shareholder rights. Those companies which follow all the ESG criteria have a future in the business industry because sustainable development has become the need of time.
M&M and ESG Criteria
The Hindu Business Line reported the inclusion of Mahindra Group in these Indices is a recognition of its leadership in the ESG domain. The company has committed to be a carbon-neutral one by 2040. Mahindra says that it is the first company in the world to commit to doubling energy productivity and the first company in India to use an internal carbon price to drive climate investments, says Mint. The company has also committed to reducing Scope 1 and Scope 2 emissions and is striding forward.
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