DCM Shriram Ltd., a conglomerate with businesses in agri-rural, chloro vinyl and value added, has been awarded the Bronze Medal in the EcoVadis sustainability assessment for the first time. The accolade places the company in the top 35% of companies globally within its sector.
The EcoVadis Sustainability rating methodology aims to measure the quality of a company’s sustainability management system through three management pillars: policies, actions, and results.
This is DCM Shriram’s second year of participation in the EcoVadis sustainability assessment, during which the company has made a significant leap in its overall sustainability scorecard, improving from 45 out of 100 last year to 62 out of 100 in the latest evaluation.
This marked improvement highlights the company’s commitment to integrating ESG principles into its business operations and ensuring sustainable growth.
Ajay S Shriram, Chairman and Sr. Managing Director, DCM Shriram Ltd commented, “We are honoured to receive the Bronze Medal from EcoVadis. This achievement not only reflects our persistent efforts to embed sustainable practices across our operations but also amplifies our commitment to pursuing excellence in environmental stewardship, ethical business practices, and social responsibility. As we celebrate this success, we are inspired to set even higher benchmarks for ourselves, ensuring that our sustainability initiatives continue to evolve and align with global standards”.
As per the press release, EcoVadis is a global leader in assessing corporate sustainability, evaluating over 1,30,000 companies across the world. The assessment covers 21 criteria across four key areas: environment, labour and human rights, ethics, and sustainable procurement.
