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Environment | Social | Governance
We strive to be inclusive, sustainable and responsible at every step, farm to shelf.
The Brundtland Commission report, 1987 – defined Sustainability as "meeting the needs of the present without compromising the ability of future generations to meet their own needs." The definition provided a new paradigm for businesses to measure their performance going beyond financials to include Sustainability/ESG performance. The transition from Sustainability that could mean anything from "doing well by doing good” to a narrower & focused ESG (Environment Social Governance) is about meeting social responsibility standards & going way beyond ROI (Returns on Investment) considerations. Read more…
Adopting the path of ESG has become imperative for all. As organizations prepare themselves to deal with new kinds of risks hitherto unknown, especially with rising crises in economic, environment, public health & social issues; there is an increased focus on Sustainability and ESG efforts. With the changing business landscape, companies are expected to deliver results that bring a positive impact on the environment and the society along with shareholder returns. Corporations across the globe have additional responsibility as a collective to address issues like global warming, climate change, diversity, inequity etc, and every organization is making their own efforts to address the same. Read more…
With ESG gaining traction amongst consumers, policymakers, regulators and investors – the smooth transition from a broad rubric of Sustainability to narrower ESG is evident at Welspun India. With a committed leadership driven by innovation and strong research-led consumer focus, the company with a global footprint in home textiles is geared to meet expectations of both socially responsible investors and millennials alike with focus on ESG performance. The commitment to build strong partnerships & align with global practices on ESG is visible with efforts on the three pillars – Environment, Social & Governance. Read more…
Sanjay Gupta - CFO, Welspun Living Ltd
Dipali Goenka - CEO & Managing Director Welspun Living Ltd.
Sanjay Gupta - CFO, Welspun Living Ltd
Dipali Goenka - CEO & Managing Director Welspun Living Ltd.
Sanjay Gupta - CFO, Welspun Living Ltd
Welspun Living is making sustained efforts through positive action to restore ecological balance in the domains of Air, Water and Land. “Restoring Ecosystems” is the goal of all ESG efforts of the Welspun team. The theme aligns with the groups' philosophy of inclusive growth. Through this campaign we are focused on bringing a positive change in the state of the environment across the three elements – Air, Water & Land. As a global leader in home textiles with a large customer footprint, aligning with the best global practices to deliver beyond regulatory compliance is a cornerstone of our ESG efforts.
Welspun is all about harnessing the power of collective and community efforts towards unlocking constructive social change. Over the years, we have made social upliftment and progress a part of our business DNA. Our initiatives are people-centric, and also about striving to make society more eco-friendly, happier and healthier.
Welspun remains committed to the highest standards of corporate ethics and governance. We believe that without good governance, there cannot be true progress, growth and development. We remain committed to abiding by the highest standards of quality, sustainability and community wellness. Our governance models are tailored to reinforce and maintain these beliefs to the hilt.
Our WSP of Khumbhariya Village has successfully inspired more than 60% of women of her village to use sanitary pads.
Our team was successful after 3 months of constant counselling and follow-up regarding Krupal's wellbeing.
Our WSP of Atlanagar village is handling menstruation management successfully by educating other women about using sanitary pads and MHM.
SPUN by WELSPUN has been recognised as one of the Top 100 Corporate-Ready Social Enterprises. Born in the heart of Kutch, SPUN has employed over 2200 women.
The Brundtland Commission report, 1987 – defined Sustainability as "meeting the needs of the present without compromising the ability of future generations to meet their own needs." The definition provided a new paradigm for businesses to measure their performance going beyond financials to include Sustainability/ESG performance. The transition from Sustainability that could mean anything from "doing well by doing good” to a narrower & focused ESG (Environment Social Governance) is about meeting social responsibility standards & going way beyond ROI (Returns on Investment) considerations. ESG is essentially an approach incorporating Environmental, Social and Governance elements in the business process to create a balanced and Sustainable business organization. The approach not only delivers competitive business advantage but also ensures consistent and stable business performance meeting the current & future global expectations. By developing a business model that addresses ESG factors, one is better positioned to future-proof business with operations, cultural and financial changes in the process.
Adopting the path of ESG has become an imperative for all. As organizations prepare themselves to deal with new kinds of risks hitherto unknown, especially with rising crises in economic, environment, public health & social issues; there is an increased focus on Sustainability and ESG efforts. With the changing business landscape, companies are expected to deliver results that bring a positive impact on the environment and the society along with shareholder returns. Corporations across the globe have additional responsibility as a collective to address issues like global warming, climate change, diversity, inequity etc., and every organization is making their own efforts to address the same. Customer expectations and interactions with brands are also going through major transition, especially with the onset of digital platforms.
Against this background, leaders are committing themselves beyond sheer compliance on ESG aspects to help deliver robust returns. These actions are creating value for the stakeholders – employees, customers, suppliers and wider society. Being integral to business strategy, ESG guides how firms serve society and impact both their current & future performances.
Another dimension that is driving enormous interest in ESG performance is Financial, as it’s playing a larger role in companies’ decisions around M&A and divestment. There is adequate research that shows positive linkages between better ESG scores and financial performance be it equity, profitability or valuation multiples and now even on lower cost of capital due to reduced business risks.
With ESG gaining traction amongst consumers, policymakers, regulators and investors – the smooth transition from a broad rubric of Sustainability to narrower ESG is evident at Welspun India. With a committed leadership driven by innovation and strong research-led consumer focus, the company with a global footprint in home textiles is geared to meet expectations of both socially responsible investors and millennials alike with focus on ESG performance. The commitment to build strong partnerships & align with global practices on ESG is visible with efforts on the three pillars – Environment, Social & Governance. Governance is all about how well the executive having established its Sustainability program over the years, transition to ESG was seamless, and the workforce was also quick to adapt & adopt given its huge traction globally and with key stakeholders.
At Welspun India,
