SPRING SUMMER 21/22 Virtual Engagement & Financial Performance
Welspun ESG way: Encompassing all stakeholders
Welocity
Accelerating ESG
Welspun is going through
a major transformation where
we are embedding sustainability
and circularity in every realm of
our value chain.
We are striving to be the absolute
benchmark and global leader in the
use of ESG framework and compliance
to sustainable practices. Our social and
philanthropic initiatives are run
through Welspun Foundation and are
centered around 3E's - Environment &
Health, Education, Empowerment.
We have built a roadmap on
Sustainability for WIL that enlists our
goals under Sustainability till 2030.
ESG
WORLD
Independent review of Welspun
India's performance across 170+ ESG
(Environmental, Social &
Governance) parameters
Click here for more details
welspunindia.com
Environmental
Implemented ISO 14001
Environmental Management
Systems at both manufacturing
sites
Flagship facility is fresh water
positive: 30 mn liters per day
sewage treatment plant enables
use of treated sewage instead of
Freshwater in production
operations
Replaced coal with Biomass for
power generation and avoided
over 12,000 tons of GHG
emissions
◆ Recognized with the prestigious
National Water Award 2020 (1st
prize in "Best Industry" category
Water Story
Social
Engaged with Cotton Farmers to
train & enable them grow
sustainable forms of Cotton
(Better Cotton Initiative and
Organic Cotton) in an initiative
spread over 350 villages,
impacting 15,314 farmers.
◆ Focus on inclusion and gender
diversity large segment of
women workers in Cut-&-Sew
operations
♦ “SPUN” initiative: empowering
women in rural communities earn
livelihood by making handicraft
goods from Factory textile scrap
◆ "SPUN" by Welspun recognized as
one of the top 100 corporate-
ready social enterprises, globally
by World Economic Forum
Sustainable Cotton Story
Governance
◆ Board Committee on ESG
♦ Executive remuneration linked to
ESG goals
♦ Initiated a broad Enterprise Risk
Management framework
♦ ACCESS module in SAP to enable
access of relevant data to
authorized users
◆ Launched ESG Compass - an
integrated ESG digital platform
with automated data dashboards
covering over 90 indicators and
extending to all sites, locations
and subsidiaries in India
◆ Robust Ethics framework in place
Compliance management tool in
place
♦ Innovation & intellectual property
oriented culture reflected in 35
patents filled globally
Governance Framework
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