Motherson Group signs the United Nations Global Compact, further strengthening its commitment to Sustainability

Motherson Group has announced that it has joined the United Nations Global Compact (UN Global Compact), a strategic initiative that supports global companies with the development, implementation, and disclosure of responsible business practices.

This announcement further builds on Motherson's commitment to its Environmental, Social and Governance (ESG) program to build Motherson for the long term; to be a company that our employees, customers, communities, and investors are proud to be part of.

Motherson is working towards creating a better planet (Environment), cultivating greater social inclusion around the world (Social) and embodying the highest standards of integrity in its business dealings (Governance). Motherson is committed to be an active contributor to change and joining UN Global Compact as a signatory reaffirms our pledge to ESG.

The UN Global Compact requires companies to align their culture, strategies, and operations with its ten core principles in the areas of human rights, labour standards, environment, and anti-corruption. As part of this commitment, Motherson will be engaging in collaborative projects which advance the broader development of the issues manifested in the United Nations Sustainable Development Goals (UN SDGs).

Commenting on the initiative, Mr. Vivek Chaand Sehgal, Chairman, Motherson Group said, "To set new standards in good corporate citizenship" has been part of our mission since 1995 and by joining the U.N. Global Compact, we continue to further strengthen our longstanding commitment to social, environmental, and economic sustainability. Motherson is proud to join the U.N. Global Compact and as a signatory we will be integrating the principles of the Compact into our business practices, with the objective of creating a sustainable and equitable world that we all want."

Shares of Motherson Sumi Systems Ltd., was last trading in BSE at Rs. 216.15 as compared to the previous close of Rs. 218.5. The total number of shares traded during the day was 595696 in over 14138 trades.

The stock hit an intraday high of Rs. 219 and intraday low of 212.15. The net turnover during the day was Rs. 128094098.

Source : Equity Bulls

Keywords