05 Feb 2025
Leading in Sustainability for Heavy Machinery and Trucks
Ashok Leyland has secured the top position in global ESG (Environmental, Social, and Governance) rankings for the heavy machinery and trucks sector. The rating was given by Sustainalytics, a global firm that evaluates companies' sustainability efforts. This achievement highlights Ashok Leyland’s commitment to responsible business practices.
Recognition for Sustainability Efforts
Sustainalytics' ESG Risk Rating assesses companies' ability to manage environmental, social, and governance factors. Ashok Leyland’s top ranking in Q3 FY25 shows that the company is leading the way in sustainability within its industry.
Statements from Ashok Leyland’s Leadership
Shenu Agarwal, the Managing Director and CEO of Ashok Leyland, stated that this recognition supports the company’s goal of becoming one of the top 10 global commercial vehicle players. Additionally, Alok Verma, Head of Corporate Strategy & ESG, emphasised that sustainability is now a core part of the company’s business strategy.
Ambitious Environmental Goals
Ashok Leyland has announced several key environmental targets. The company aims to achieve carbon-neutral operations by 2030 and reach net-zero emissions by 2048. Furthermore, it has committed to using 100% renewable energy by 2030 under the RE100 initiative.
Sustainability in Every Aspect of Business
The company, part of the Hinduja Group, has moved beyond just following regulations. It now actively integrates sustainability into its operations, product development, and corporate social responsibility programs. This shift ensures long-term environmental and social benefits.
Sustainalytics' ESG Evaluation
Sustainalytics evaluates companies worldwide to help investors and stakeholders understand their sustainability performance. Ashok Leyland’s recognition in this assessment shows its leadership in sustainable business practices.
A Leader in the Commercial Vehicle Industry
As a leading commercial vehicle manufacturer in India, Ashok Leyland’s commitment to sustainability is significant. Since its founding in 1948, the company has grown its presence in both domestic and international markets. This ESG ranking reflects its journey from a traditional vehicle manufacturer to a forward-thinking, sustainable mobility solutions provider.
Ashok Leyland’s recognition comes at a time when the commercial vehicle industry is under increasing pressure to reduce environmental impact. By prioritising sustainability, the company sets a strong example for others in the industry.
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