Welspun Living Secures Top ESG Ranking In 2024

Welspun Living Limited (WLL), a global leader in home textiles, has achieved a significant milestone in sustainability, securing an ESG score of 83 in the 2024 S&P Global Corporate Sustainability Assessment (CSA). This recognition reaffirms WLL’s leadership as the highest-ranked textile manufacturing company from India in the Textile, Apparel & Luxury Goods category. The score also places WLL at the 4th position globally in this category. The company’s 26% improvement from its 2023 score of 66 underscores its commitment to sustainable business practices and responsible growth.
WLL’s performance reflects strong results across all three key pillars of the assessment: Governance & Economic (79), Environment (85), and Social (84). The company’s continuous advancements in sustainable manufacturing, ethical sourcing, and environmental stewardship have contributed to this achievement. With a strategic focus on innovation, transparency, and circular economy principles, WLL continues to integrate sustainability into its core business operations.
Welspun Living has surpassed industry benchmarks in ESG performance, scoring 85 in Environmental (industry mean: 34, highest: 96), 84 in Social (mean: 34, highest: 91), and 79 in Governance & Economic (mean: 38, highest: 88). These scores highlight the company’s leadership in sustainability and industry excellence.
S&P Global (DJSI) ESG Score
Year | Total | Governance & Economic | Environment | Social |
2023 | 66 | 70 | 64 | 61 |
2024 | 83 | 79 | 85 | 84 |
Commenting on this achievement, Dipali Goenka, MD & CEO, Welspun Living Limited, said,“We are incredibly proud to have secured the fourth position globally in the Textile, Apparel & Luxury Goods category in the S&P CSA with a score of 83. This accomplishment reflects the dedication of our team, who continuously integrate sustainable practices across our operations. At Welspun Living, we believe responsible growth aligns with innovation and transparency, and we remain committed to leading the way in sustainable manufacturing while setting industry benchmarks.”
Alok Mishra, President & Group Head – Sustainability added, “This remarkable improvement in our ESG score results from our holistic approach to addressing ESG risks and building a future-proof organization. It validates our belief that economic growth and environmental stewardship can coexist. This success inspires us to continue working toward our long-term vision of creating impact-driven solutions for a better world.”
As sustainability continues to shape the global business landscape, Welspun Living remains dedicated to strengthening its ESG initiatives. The company’s strategic roadmap focuses on decarbonization, water conservation, circular economy, and social empowerment, ensuring a comprehensive approach to long-term value creation.