MUMBAI: Tata Motors has emerged as one of the eight Sustainability Leaders amongst the global automobile companies on the Dow Jones Sustainability Index (DJSI) 2018. Tata Motors has received the recognition of corporate sustainability leadership within the industry and adjudged in the DJSI Emerging Market Index category, where only 10 Indian companies from different sectors have been featured.
This is the third consecutive time that Tata Motors has actively participated in the comprehensive Corporate Sustainability Assessment (CSA) of DJSI.
Tata Motors has performed better than industry average in some of the areas such as; materiality, climate strategy, product stewardship, occupational health & safety, supply chain management and corporate citizenship & philanthropy.
Arvind Bodhankar, Head – SHE & Sustainability, Tata Motors said, “We are delighted to be included on the DJSI-Emerging Market Index and ranked amongst the Sustainability Leaders in global automobile industry. By consciously aligning our work with the Sustainable Development Goals (SDGs), we have begun to use our creative and innovative minds to bring about transformational changes not just within our business but also to drive change within the societies that we serve globally. To have our efforts validated by one of the biggest authorities on sustainability we are further encouraged to keep the momentum going.”
Dow Jones Sustainability Index (DJSI) is one of the most prestigious global indices that tracks leading sustainability-driven companies worldwide. It conducts in-depth integrated assessment of economic, environmental and social criteria with a strong focus on long-term shareholder value and focuses on best-in-class companies with yearly review and continuous monitoring. The DJSI benchmarks companies against peers and competitors, concentrates on industry-specific relevant topics, identifies sustainability leaders improving brand & reputation and attracts a growing number of sustainability-focused investors.
Manjit Jus, Head of ESG Ratings, RobecoSAM said, “I congratulate Tata Motors for being included in the DJSI Emerging Markets. Companies that compete for a coveted place in the DJSI challenge themselves to continuously improve their sustainability practices and we are pleased to see that the number of companies that commit to achieving measurable positive impacts continues to rise.”
Aligning with the Sustainable Development Goals (SDGs), Tata Motors has brought about transformational changes such as facilitating faster adoption of electric vehicles in line with the Government of India’s e-mobility vision. The company is also working towards further reducing the carbon footprint of its operations, streamlining waste management, increasing the usage of eco-friendly materials, improving the safety and employee health, building a socially responsible value chain amongst others.