Hindalco becomes only Indian aluminium manufacturer listed on 2019 S&P Dow Jones Sustainability Indices

Hindalco Industries Limited announced that the company was added to the S&P Dow Jones Sustainability Indices (DJSI) for the first time. Hindalco was one of 12 Indian companies to be included in the Dow Jones Emerging Markets Sustainability Index.

Hindalco became the only aluminium manufacturer from India to be included in the list this year. Its DJSI score places Hindalco among the world’s top three aluminium companies. The company was recognised for its success in governance, social and environmental initiatives.

Satish Pai, MD at Hindalco said: “I am proud that Hindalco has successfully met the stringent criteria of DJSI. This achievement demonstrates how well sustainability has become entrenched in Hindalco. The 3 key pillars of our performance have been Resilience in a low LME environment, given our focus on resource security and a diversified, balanced product mix; Reliability through focus on Manufacturing Excellence, Supplier Risk Assessment & Mitigation and Customer Centricity; and Responsibility with our focus on environment sustainability, safety and people initiatives.

More importantly, this assessment has given us a scorecard to identify areas that require attention and work to improve these. The DJSI scoring makes us even more committed to deliver more value going forward.”

The DJSI is the global standard for measuring and advancing corporate Environmental, Social, and Governance (ESG) practices.

Hindalco achieved 75th percentile overall scores in the economic and environmental dimensions. On all 3 dimensions, Hindalco was rated in 100th percentile in more than one aspect including Risk & Crisis Management, Customer Relationship Management, sustainability reporting, operational eco-efficiency, human capital development, and corporate citizenship and philanthropy. The score is an affirmation of Hindalco’s Purpose -- Manufacturing Materials that make the World Greener Stronger Smarter.

In spite of the challenges in using renewable power in continuous process industries, Hindalco commissioned a 30 MW captive solar power plant in Odisha and a 4 MW captive hydel power project in Maharashtra, according to Hindalco press release. Hindalco developed India’s first lightweight aluminium bulker, which saves up to 13,000 litres of fuel annually. The company recently launched a new recyclable packaging material that replaces plastic.