By Ms. Dipali Goenka, MD & CEO, Welspun Living Limited
In a year of transformation and growth, Welspun Living Limited has reaffirmed its commitment to sustainability, transparency, and responsibility. Our vision focuses on driving impactful change while aligning with our long-term goals to foster positive outcomes for both society and the planet. As we navigate the evolving textile industry, we remain dedicated to creating value that balances economic growth with environmental and social responsibility.
At the heart of our strategy is a deep commitment to Environmental, Social, and Governance (ESG) principles. This year, we made significant strides in reducing our environmental impact. Our carbon footprint was reduced by 4.34%, and we achieved key milestones such as commissioning a 30 MW solar plant and earning Zero Waste to Landfill certification at our Anjar site. Our goal is to achieve carbon neutrality by 2030, and we are on track to meet this target through continued investments in renewable energy, sustainable practices, and innovative technologies.
We have also initiated monitoring of Scope 3 carbon emissions and are working closely with our suppliers to develop a comprehensive emissions reduction plan. Additionally, we are committed to becoming water positive by utilizing recycled wastewater and implementing extensive water conservation efforts.
In FY24, we procured 81% sustainable cotton for our operations, with a target of 100% by 2030. We are also proud to support gender equality, with women constituting 26% of our workforce. Through our circularity programs, we are extending the life of materials by promoting reuse and recycling, reducing waste, and working towards a closed-loop system.
Corporate Social Responsibility (CSR) remains integral to our values. Our initiatives in education (Welshiksha), healthcare (WelShuraksha), and nutrition (WelNetrutva) have positively impacted over 843,960 beneficiaries, demonstrating our ongoing commitment to the communities where we operate.
Our strong governance framework, built on the LITE principles—Learning, Innovation, Trust, and Endurance—guides us in making ethical decisions and safeguarding stakeholder interests. We are proud to be recognized as one of India’s Best Workplaces, emphasizing our commitment to inclusivity, employee well-being, and respect.
Our efforts have earned recognition from global ESG rating agencies. We achieved a score of 66 in the Corporate Sustainability Assessment by S&P Dow Jones Indices, ranking as the highest-rated company in India’s Textile, Apparel, and Luxury Goods sector. We were also designated as “Low Risk” by Sustainalytics, with a score of 11.5, secured 16th rank among 211 companies in Textile & Apparel in world.
In essence, Welspun Living Limited exemplifies how economic prosperity can be achieved alongside environmental stewardship and social responsibility. By embracing sustainability as a core value, we have not only secured our place in the textile industry but also paved the way for a more prosperous and sustainable future for all stakeholders
Welspun Living ESG report 2024
