ESG | Flooring Manufacturer | Welspun Flooring

Understanding ESG

As defined by the Brundtland Commission in 1987, “Sustainable Development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs.” Today, sustainability is no longer a mere buzzword—it has evolved into a fundamental benchmark for industries that genuinely care about their communities and the environment. Environmental, Social, and Governance (ESG) principles form the three core pillars of sustainability. These pillars are interdependent; if one weakens, the entire framework is affected. Therefore, progress must be pursued in a balanced manner, ensuring that all three dimensions of ESG remain aligned and robust. At the national level, ESG has gained regulatory significance, with the Securities and Exchange Board of India (SEBI) mandating Business Responsibility and Sustainability Reporting (BRSR) for large organizations. We are now in an era where long-term success belongs to organizations that achieve economic growth while simultaneously safeguarding their people and the planet.

Significance of ESG

Adopting the path of ESG has become an imperative for all. As organizations prepare themselves to deal with new kinds of risks hitherto unknown, especially with rising crises in economic, environment, public health & social issues; there is an increased focus on Sustainability and ESG efforts. With the changing business landscape, companies are expected to deliver results that bring a positive impact on the environment and the society along with shareholder returns. Corporations across the globe have additional responsibility as a collective to address issues like global warming, climate change, diversity, inequity etc., and every organization is making their own efforts to address the same. Customer expectations and interactions with brands are also going through major transition, especially with the onset of digital platforms.

Against this background, leaders are committing themselves beyond sheer compliance on ESG aspects to help deliver robust returns. These actions are creating value for the stakeholders – employees, customers, suppliers and wider society. Being integral to business strategy, ESG guides how firms serve society and impact both their current & future performances.

Another dimension that is driving enormous interest in ESG performance is Financial, as it’s playing a larger role in companies’ decisions around M&A and divestment. There is adequate research that shows positive linkages between better ESG scores and financial performance be it equity, profitability or valuation multiples and now even on lower cost of capital due to reduced business risks.

Welspun’s commitment to ESG

As ESG continues to evolve in scope and regulatory importance, Welspun Living’s ESG framework has matured in parallel. We have adopted a scientific and data-driven approach to our climate transition journey, supported by approved Science Based Targets (SBTs). At Welspun Living, sustainability is a top-driven priority, led by committed leadership and supported by experienced Board members with strong ESG expertise. Our commitment to stakeholders remains central to our business strategy and decision-making.

At Welspun Living,

We are taking a strategic and structured approach to reducing our environmental footprint by embedding principles of circularity, 7S, reduction, reuse, and recycling across our operations. Our objective is not only to minimize environmental impact but also to create long-term environmental value.
On the Social Front, our focus is on fostering responsible business relationships that drive inclusive growth, promote women’s empowerment, ensure safe and healthy workplaces, and support sustainable community livelihood generation.
From a Governance perspective, the Executive Management and the Board actively address stakeholders’ interests, ensure honest and transparent accounting practices, and establish strong policies and frameworks that enable robust ESG performance.

Our Climate Commitment (SBTi approved)

Our commitment to climate transition has become stronger and more credible with the approval of our near-term and long-term targets by the Science Based Targets initiative (SBTi). This validation reinforces our science-led approach to decarbonization and aligns our ambitions with global climate goals. We are firmly on track to achieve Net Zero emissions by the end of 2040.

I believe businesses can be a catalyst for change, and so we remain driven to propel the well-being of our environment, society and stakeholders with a strong governance bedrock.

Dipali Goenka – CEO & Managing Director Welspun India Ltd.

Achieving an ESG score of 90 in the S&P Global Corporate Sustainability Assessment reflects our steady and practical approach to addressing our sustainability priorities. It underscores that business growth and environmental responsibility can progress together when we make deliberate, thoughtful choices. This milestone encourages us to continue developing solutions that create meaningful impact and a better future for all, in the long-term.

Alok Mishra, President & Group Head – Sustainability

Environment

Welspun Living is making sustained efforts through positive action to restore ecological balance in the domains of Air, Water and Land. “Restoring Ecosystems” is the goal of all ESG efforts of the Welspun team. The theme aligns with the groups’ philosophy of inclusive growth. Through this campaign we are focused on bringing a positive change in the state of the environment across the three elements – Air, Water & Land. As a global leader in home textiles with a large customer footprint, aligning with the best global practices to deliver beyond regulatory compliance is a cornerstone of our ESG efforts.

Social

Welspun is all about harnessing the power of collective and community efforts towards unlocking constructive social change. Over the years, we have made social upliftment and progress a part of our business DNA. Our initiatives are people-centric, and also about striving to make society more eco-friendly, happier and healthier.

Governance

Welspun remains committed to the highest standards of corporate ethics and governance. We believe that without good governance, there cannot be true progress, growth and development. We remain committed to abiding by the highest standards of quality, sustainability and community wellness. Our governance models are tailored to reinforce and maintain these beliefs to the hilt.

Jenaben – A Superwoman with the Strongest Will

Our WSP of Khumbhariya Village has successfully inspired more than 60% of women of her village to use sanitary pads.

Master Krupal – A Toddler Defeating All Odds

Our team was successful after 3 months of constant counselling and follow-up regarding Krupal’s wellbeing.

Shantiben – Helping Maximum Women in Conquering Menstruation Issues

Our WSP of Atlanagar village is handling menstruation management successfully by educating other women about using sanitary pads and MHM.

SPUN: A Sustainable brand that champions Women Empowerment

SPUN by WELSPUN has been recognised as one of the Top 100 Corporate-Ready Social Enterprises. Born in the heart of Kutch, SPUN has employed over 2200 women.

Working for a Happier Planet