Vaibhav Global Wins IACC Award for Sustainability Leadership

Vaibhav Global Limited (VGL) has been honored with the “Excellence in Sustainability / Climate Action Award” by the Indo-American Chamber of Commerce (IACC) at the 20th Indo-American Corporate Excellence conclave held on September 21, 2024, in Jaipur.

This award highlights companies that support Indo-US trade while also contributing positively to business, industry, ESG (Environmental, Social, and Governance) efforts, and the broader community. VGL was recognised for its leadership in ESG following a thorough evaluation by an independent panel of distinguished professionals.

Mr Pushpendra Singh, Vice President- HR, VGL Group, said, “We are honoured to be conferred with “Excellence in Sustainability / Climate Action Award” by IACC. We remain committed to continuing our journey towards more sustainable business practices, operating responsibly and making a positive impact on our planet. While this award will encourage us to continue our journey to become carbon neutral in scope 1 and 2 by 2031, we continue to uphold strong ESG values laid by our management’s vision.” 

In their recent press release on September 17, 2024, Vaibhav Global Limited (VGL) announced that CARE Ratings Limited had upgraded its long-term bank facilities rating from “CARE A” to “CARE A+” with a stable outlook. This upgrade reflects the company’s strong financial health and positive outlook. Additionally, the short-term rating has been reaffirmed at “CARE A1” with a stable outlook, indicating VGL’s solid liquidity and ability to meet its short-term commitments.

About Vaibhav Global Limited

Vaibhav Global Limited (VGL) operates as an omni-channel retailer, offering fashion jewellery, accessories, and lifestyle products in developed markets. VGL reaches approximately 130 million households through its TV home shopping networks—Shop LC in the US, Shop TJC in the UK, and Shop LC in Germany. VGL is dedicated to “Delivering Joy” to all its stakeholders. As part of its commitment, the company runs a midday meal program called ‘Your Purchase Feeds…’, which provides a meal for every item sold through its retail channels. Since the program began, VGL has donated over 92 million meals across the US, UK, Germany, and India, currently providing around 57,000 meals every school day.

On September 23, 2024, the share price of Vaibhav Global Limited opened at ₹306.40, touching the day’s high at ₹311.45, as of 09:49 AM on the NSE.

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