M&M, Tata Motors among most sustainable firms
.jpg)
A survey of corporate India by the Confederation of Indian Industry (CII) says the metals and mining, automobile and construction materials sectors lead in sustainable business practices.
The Sustainable Plus survey, revealed on Monday, looks at the 100 largest companies by market capitalisation across 20 sectors in the country. It is aimed at checking the environment, social and governance dimensions of business and measures the progress of Indian companies in adopting sustainable business practices.
Ten companies, including Mahindra & Mahindra, Tata Motors, Hindustan Zinc, Vedanta, ACC and Reliance Industries, were classified as Sustainable Plus Platinum, showing the highest levels of adherence to the said practices.
Apart from those already mentioned, the banking sector benefited from the high scores of HDFC and Axis banks. Tech Mahindra and Wipro helped the software and services sector perform well.
Seven other companies got a Sustainable Plus Gold classification. These included Bajaj Auto, Ambuja Cements, Hindustan Unilever and Tata Steel. The remaining 83 companies got Sustainable Plus Bronze.
The survey pointed to governance as the strongest dimension of sustainability. The adoption of occupation health & safety management systems by most companies and dedicated Corporate Social Responsibility norms by most businesses made social governance the next highest scorer.
The environment dimension had the lowest overall performance scores. While environmental policy and commitments to reducing overall carbon dependency were cited across sectors, major issues such as reduction of ecological footprint needed addressing. Of the top 100 companies, only 20 responded to the request for information. The vast majority of companies not responding shows disclosure and transparency norms had a long way to go, CII said. Transportation, other financial services and media had the lowest overall scores.
Other Latest News
.webp)
The BJP will benefit from the anti-incumbency against the Biju Janata Dal government, which is in power for an unbroken 24 years in Odisha, and a strong Modi wave to dethrone Naveen Patnaik from the helm of the state, senior saffron party leader Vijaypal Singh Tomar claimed.
In an interview with PTI, Tomar said, "There is anti-incumbency and people in Odisha have decided to change the BJD government this time. Similarly, there is a strong Modi wave across India, which has also been strongly felt in this state."
.webp)
A senior TDP leader has said the priority of the party is to "rebuild" Andhra Pradesh and take the state out of the debt trap by getting rid of the YSR Congress Party (YSRCP) government.
Telugu Desam Party (TDP) National Coordinator (Election) and ex-Rajya Sabha MP Kanakamedal Ravindra Kumar said Andhra Pradesh has suffered more losses during the Jagan Mohan Reddy government than during the creation of the two Telugu states in 2014 when resources were shared with Telangana.
.webp)
The Supreme Court on Friday issued a notice to the Election Commission of India (ECI) regarding a plea seeking to frame rules in case ‘None of the Above' (Nota) option gets the majority in elections.
Motivational speaker Shiv Khera has petitioned that the ECI treat Nota as a "fictional candidate" and to establish guidelines for conducting re-elections in constituencies where Nota garners a majority.
.webp)
The just-concluded follow-on public offer (FPO) of Vodafone Idea Limited (VIL) has not only brought relief to the struggling telecom operator but also to the three investment banks that managed the Rs 18,000 crore share sale. According to the final prospectus filed by the Mumbai-based firm, it has paid Rs 287 crore, 1.6 per cent of the issue size, as book running lead manager (BRLM) fees.
This, according to PRIME Database, is the second-highest BRLM fee paid for a domestic FPO or an initial public offering (IPO).
.webp)
India’s largest non-banking financial company Shriram Finance on Friday reported a 57 per cent year-on-year (Y-o-Y) jump in its consolidated net profit for the fourth quarter of 2023-24.
In Q4 of FY24, the consolidated net profit of Shriram Finance stood at Rs 2,021.28 crore as against Rs 1,288.18 crore recorded in the same period of the previous year, due to rise in income and improved asset quality.
.webp)
.webp)
.webp)
.webp)
.webp)
