S&P CSA declares ABFRL Asia’s most sustainable company

Aditya Birla
Fashion and Retail Limited (ABFRL) is positioned as Asia’s `Most Sustainable
Company’ and globally ranked 8th in the textiles, apparel and luxury goods
industry for its Environmental, Social and Governance (ESG) performance in the
2020 edition of S&P Global Corporate Sustainability Assessment. The CSA
methodology is used, among others, to select the companies for the Dow Jones
Sustainability Indices (DJSI).

Commenting
on the occasion, Ashish Dikshit,
Managing Director of ABFRL said, “We are delighted that ABFRL has been
positioned first in Asia and 8th globally in textiles, apparel and luxury
industry category based on S&P Global Corporate Sustainability Assessment
2020. These rankings reflect our commitment towards enhancing economic,
governance, social, and environmental initiatives at ABFRL. Over the past
decade, ABFRL has been a pioneer in driving sustainability to the forefront of
the Fashion and Retail Industry. As a responsible Organisation, we aim to
provide thought leadership and accelerate the sustainability drive in the
industry.”

Edoardo Gai, Managing Director, SAM a part
of S&P Global said,
“We congratulate Aditya Birla Fashion and Retail Limited for achieving the
highest score of all Asian companies in the textiles, apparel and luxury goods
industry and a global industry rank of eight, based on the Corporate
Sustainability Assessment (CSA) 2020. This is a reflection of being a
sustainability leader in your industry. With a record number of companies
participating in the 2020 Corporate Sustainability Assessment, this sets your
company apart and rewards your continued commitment to people and planet.”

Every year
the S&P Global Corporate Sustainability Assessment methodology is used to
assess global companies and ranks the companies based on their ESG performance.
ABFRL score was reflection of its virtue of vision, continuous efforts,
commitment and efficient sustainability work in the areas of the corporate governance
and economic, environmental, and social dimensions.