Crompton Greaves Earns Top Marks for Sustainability in Dow Jones Index

Crompton Greaves Consumer Electricals Ltd. (Crompton), a leading manufacturer of energy-efficient consumer products, has been recognised for its unwavering commitment to environmental, social, and governance (ESG) practices. This recognition comes in the form of a top ranking within the Dow Jones Sustainability Index (DJSI) – a coveted distinction for companies demonstrating leadership in sustainability.

Global Recognition for ESG Excellence

Crompton’s impressive performance on the DJSI places them in the 94th percentile globally, showcasing their dedication to sustainability on a worldwide scale. Even more remarkable is their achievement of the 7th position within the DHP Household Durables sector. This exceptional ranking signifies Crompton’s position as a frontrunner in sustainable practices within the consumer electronics industry.

Benchmark for Sustainability Leadership

Established in 1999, the DJSI serves as a highly respected benchmark for evaluating the sustainability performance of publicly traded companies worldwide. Its rigorous assessment process involves a comprehensive evaluation based on economic, environmental, and social criteria, with a focus on long-term sustainability practices. For instance, the DJSI World category recognises only the top 10% of the largest 2,500 companies in the S&P Global Broad Market Index based on stringent long-term ESG criteria.

Continuous Improvement and Innovation

Crompton’s performance in the 2024 DJSI reflects significant improvements across critical areas. These improvements encompass environmental sustainability, responsible product management, high-impact social initiatives, diversity and inclusion practices, employee well-being, and robust corporate governance. As Crompton embarks on a continuous sustainability journey, their commitment to ongoing improvement and innovation remains steadfast. They actively seek new opportunities to address global challenges and drive positive change within the industry.

“Sustainability is fundamental to what we do at Crompton. That’s why we design and manufacture products with energy efficiency at their core. From iconic fans to durable LED lighting, Crompton products empower consumers to minimise energy use and reduce their environmental footprint. We are constantly exploring new technologies and materials to enhance the sustainability of our offerings further, ensuring that every Crompton product empowers consumers to make responsible choices for their homes and the planet.” said Promeet Ghosh, MD & CEO, Crompton Greaves Consumer Electricals Ltd

He further added, “We believe that sustainable practices are not just good for the planet, but also good for our business and our customers. We are committed to involving our employees, customers, and business partners in our collective pursuit of a more sustainable future.”

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.