Welspun India commits to SBTi of Net-Zero Standard, Business Ambition

25 Jan 2022 Evaluate

Welspun India has committed to the Science Based Targets initiative (SBTi) of Net-Zero Standard and Business Ambition for 1.5 °C to mitigate its GHG emissions. Science Based Target initiative (SBTi) Business Ambition for 1.5 °C is an urgent call to action from a global coalition of UN agencies and business and industry leaders, in partnership with the Race to Zero.

As part of the pledge, the company strives to achieve net zero emissions by setting up a target aligned with the SBTi NetZero Framework. Further, it aims to develop a decarbonisation roadmap to minimize its emission across the value chain operations through initiatives. This would include reducing its greenhouse gas emissions through periodic review of GHG inventory, persistent increase in annual sourcing of renewable energy, identifying climate related business risks and reporting as per the guidelines of TCFD (Task force on Climate related Financial Disclosures).

The company has also secured ISO 14001 certifications for its facilities and implemented robust environment management systems to ensure eco-friendly operations.

Welspun India is one of the largest manufacturers and exporters of bed & bath textile products globally. The company’s portfolio comprises wide range of home textile products such as terry towels, bed linen (basic bedding and decorative bedding) rugs and bathrobes.

Welspun Living Share Price

152.05 0.10 (0.07%)
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Peers
Company Name CMP
PDS 566.35
Welspun Living 152.05
Vardhman Textiles 467.85
Arvind 372.65
K.P.R. Mill 934.95
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