Grasim Industries, Tech Mahindra, Tata Power, Wipro, Ambuja Cements, Hindustan Unilever, Hindalco Industries, Tata Steel, Infosys, ITC and Marico have made it to the top of the 50-company ranking based on how they are aligned to the 17 UN Sustainable Development Goals.
The 2021 Capri Global Capital Hurun India Impact 50 produced a scorecard using publicly available data, including annual financial reports, ESG, CSR, sustainability reports and media. A five-member advisory panel consisting of subject matter experts ranging from professionals to academicians helped in shaping the scoring methodology.
- With a cumulative sustainability score of 47, Grasim Industries ranked number one, contributed towards 17 sustainable development goals. Of which, four goals have measurable time-bound targets. Tech Mahindra ranked second with a sustainability score of 46, followed by Tata Power Company and Wipro.
- Only 14 companies reported their sustainability goals against all 17 UN SDG pillars. The SDGs most prioritized by companies are Climate Action (SDG 13), Responsible Consumption and Production (SDG 12). Life below water (SDG 14) is the least prioritized UN SDG goal. Only Adani Ports & Special Economic Zone have a documented measurable goal against the same.
- About measuring goals, the highest measured pillar was Climate Action with 37 companies measuring it. This was followed by the Responsible Consumption and Production pillar with 31 companies measuring it. With eight goals, Hindustan Unilever has the highest number of measurable Sustainable Development Goals with time-bound targets, followed by ITC, and Tech Mahindra with seven measurable goals each. Interestingly, three companies in the list have no documented measurable goals against any pillar.
- On going green, a time-bound journey towards net-zero emission of greenhouse gasses, only 29 companies featured in the report have time-bound targets to achieve carbon neutrality. ITC and Infosys achieved carbon neutrality in 2006 and 2020 respectively. Cipla and Adani Ports & Special Economic Zone target to achieve carbon neutrality by 2025. Mahindra & Mahindra, UltraTech Cement, Hindustan Zinc and Tech Mahindra implemented an internal carbon pricing policy to reduce emissions.
- Most companies in the ranking came from 13 cities across India. Led by Mumbai with 27 companies and followed by New Delhi with four companies. Financial services led the way with eight companies, followed by software and services with 6 Companies. With an average score of 36, manufacturing companies scored higher than service companies which registered an average score of 34.
Jinisha Sharma, Social Impact & Strategy, Executive, Capri Global Capital believes this report would challenge and inspire more companies to start their own journey by better understanding the impact of their business functions on society and environment. He believes that beyond corporate social responsibility there is a strong business case for companies to innovate to benefit all stakeholders not just shareholders.
To Anas Rahman Junaid, MD and Chief Researcher, Hurun India the ranking tells the stories of these corporations and of sustainable development in modern India. The list indicates that India Inc. is actively pursuing structural updates to systematically measure and report sustainability goals.
2021 Capri Global Capital Hurun India Impact 50 -Top 10
|Rank||Company||Score||Hurun India 500 Rank||Industry||Top Contributing SDGs|
|1||Grasim Industries||47||39||Cement Products||Zero Hunger, Gender Equality, Climate Action, Responsible Consumption & Production|
|2||Tech Mahindra||46||30||Software & Services||Industry, Innovation & Infrastructure|
|3||Tata Power Company||45||63||Electric Utilities||Clean Water & Sanitation, Affordable & Clean Energy, Quality Education|
|3||Wipro||45||10||Software & Services||Gender Equality, Affordable & Clean Energy|
|5||Ambuja Cements||44||N.A.||Cement Products||Sustainable Cities and Communities, Clean Water & Sanitation|
|5||Hindustan Unilever||44||N.A.||Personal Products||Responsible Consumption and Production|
|7||Hindalco Industries||43||42||Metals & Mining||Affordable & Clean Energy|
|7||Tata Steel||43||29||Metals & Mining||Clean Water & Sanitation|
|7||Infosys||43||4||Software & Services||Gender Equality|
|10||Marico||42||61||FMCG||Responsible Consumption & Production|
Source: Hurun Research Institute, 2021 Capri Global Capital Hurun India Impact 50
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