Hindalco Industries Limited, the flagship of metals of the Aditya Birla group, achieved number one in the aluminum industry for its sustainability performance in the 2021 edition of the S&P Dow Jones Sustainability Indices (DJSI) Corporate rankings Sustainability Assessment (CSA).
Hindalco is the only aluminum company to enter the exclusive DJSI World Index in 2021 and remains a member of the DJSI Emerging Markets Index. The DJSI World Index includes the 10% of the largest companies by market capitalization in the S&P Global Broad Market Index based on long-term economic and ESG factors.
This is the second year in a row that Hindalco has topped the DJSI indexes with a score of 73 percentage points against an industry average score of 30.
Mr. Satish Pai, Managing Director of Hindalco Industries Ltd, said: âThe continued recognition by DJSI validates Hindalco’s pioneering work and constant efforts to integrate sustainability throughout the aluminum manufacturing chain – from the mining to finished products. This distinction advances the idea of ââaluminum as a âgreenâ metal. In addition to a sustained emphasis on decarbonization, âgreenâ concerns waste management, the absence of liquid discharge, the impact on the life cycle, biodiversity, etc. Our listing in DJSI is a testament to the effectiveness of our holistic approach and reinforces our commitment to our motto of people, planet and prosperity. “
Hindalco reached the 100th percentile in most aspects of the 3 environmental, social and governance (ESG) dimensions, including climate strategy, environmental and social reporting, water risks, as well as in the parameters of ‘operational eco-efficiency such as waste management and resource consumption, Cybersecurity, Community engagement and Employee development.
Mr. Manjit Jus, Global Head, ESG Research and Data, S&P Global, said: âWe congratulate Hindalco on being included in the Dow Jones Sustainability Index (DJSI) for the DJSI World and DJSI Emerging Markets indices. A DJSI distinction reflects being a leader in sustainability in your industry. The record number of companies participating in the S&P 2021 Global Corporate Sustainability Assessment is a testament to the growing movement towards ESG disclosure and transparency. “
Hindalco is leading the way in terms of red sludge use in the aluminum industry, with 100% utilization at three of its alumina refineries in FY21, primarily through the establishment of large volume supply contracts with cement industries across India.
Hindalco’s use of all waste had also reached 80% in FY21, an increase of 15 percentage points over last fiscal year, in line with the company’s goal of reaching zero. waste to landfill by 2030.
Hindalco was able to achieve a 48% reduction in specific freshwater withdrawal by focusing on no liquid discharge, greater water recycling and efficient water use.
Hindalco has developed a Sustainable Mining Charter alongside Sustainable Development Consulting Partner Xynteo, focusing on environmental best practices in the areas of water and biodiversity, community livelihoods and health, among others.
Aluminum is infinitely recyclable and Hindalco constantly strives to increase the use of recycled aluminum in its global operations through its subsidiary Novelis Inc. In fact, increasing its presence in aluminum products in downstream and the use of recycled aluminum is an important lever in Hindalco’s decarbonization strategy. . Recycling aluminum requires only five percent of the energy used to produce primary aluminum with only five percent of the associated greenhouse gases. In fiscal year 21, the recycled content of Novelis products increased to 61%. Hindalco aims to become carbon neutral by 2050 through a combination of a cleaner energy transition and product stewardship.
Dow Jones Sustainability Indices is the world’s leading provider of ratings that assess publicly traded companies against environmental, social and governance (ESG) criteria. Only the most sustainable companies from each industry are considered for inclusion in the list. The DJSI World Index includes the 10% of the largest companies in the S&P Global Broad Market Index based on long-term economic and ESG factors.
Shares of Hindalco Industries Limited were last trading in the BSE at Rs. 445.30 from the previous close of Rs. 445.50. The total number of shares traded during the day was 182,621 in more than 2,812 transactions.
The stock hit an intraday high of Rs. 449.00 and an intraday low of 439.50. The net turnover during the day was Rs. 81,164,943.00.