Mumbai: FMCG Major Marico has topped the charts amongst all FMCG companies in CRISIL’s recently released Sustainability Yearbook for 2022. Based on data from the fiscal data from 2021, CRISIL analysed over 580 companies across 53 sectors in India. Through their thorough research, they scored Marico in the leadership category, putting them at the top of FMCG companies analysed.
CRISIL’s data driven analysis looked at the ESG initiatives based on the disclosures made by both unlisted and publicly listed companies. The scores allotted by them are based on CRISIL’s proprietary framework that included 350+ data points across the Environmental, Social and Governance segments. With this, CRISIL assigned the appropriate scores to the companies from 0-100, with 100 being the highest. Basis these scores, companies were divided into categories- with leadership being the topmost.
Saugata Gupta, MD & CEO, Marico Limited said, “At Marico, our purpose is to transform, and make a difference to every life we touch. As a sustainable business, everything we do is driven by this purpose. We have always prioritised ESG such that we can create a few seated impact on environment and community. The ESG scores by CRISIL in its annual Sustainability Yearbook has once again encouraged us to reinforce our commitment towards planet positive goals.”
“Over the years, Marico has long focused on adopting environmentally and ethically sustainable operations that create value for all stakeholders. In line with its ESG goals, the company has ensured the judicious procurement, use and management of natural resources while minimizing the environmental impact of its operations. Recently, it has announced its intentions to reach Net Zero emissions across its global operations by 2030. Along with this, Marico’s Perundurai plant has been certified as 100% carbon neutral while, overall, the company has reduced its GHG emission intensity (Scope 1+2) by 80% and achieved a 2.15% reduction in Scope 3 emissions.” said the company in a official statement.