Stock Report

Eicher Motors Ltd debuts on Dow Jones Sustainability Index 2021 Emerging Markets Category

Posted On : 2021-11-16 19:35:25( TIMEZONE : IST )

Eicher Motors Limited (EML) marked its debut on the Dow Jones Sustainability Indices (DJSI)- Emerging Markets category, as one among only ten global automotive companies to feature on the elite list for 2021. One of the world''s longest running and most renowned sustainability benchmarks for best practices in ESG, the DJSI-2021 features only three Indian automobile companies, including Eicher Motors Ltd. With more than 100% year-on-year improvement in its score, EML is ranked at an overall 8th position in the list of sustainability leaders in emerging markets.

The DJSI rankings highlight EML''s increased focus on developing and shaping a robust Environmental, Social and Governance (ESG) vision, with measured commitments, targets and direction for the future. These include improving and adopting effective and environment friendly manufacturing processes, working towards attaining carbon neutrality, eliminating the usage of single use plastics, focus on road safety, community development and vocational training programs, among other initiatives.

Speaking about this achievement, Siddhartha Lal, Managing Director of Eicher Motors Ltd, said, "As we chart EML''s next stage of growth with an immense focus on our strategic business plans and goals, an effective and impactful Environmental, Social and Governance (ESG) vision is a key aspect to define this growth for us. Over the last few years, we have made significant strides across all parameters to deliver positive results in line with a renewed ESG vision. Our inclusion in the DJSI index is a testament to the success of our initiatives and direction. We are committed to make concerted efforts to further realise this vision and deliver a positive impact across the entire product value chain."

EML registered an overall score of 61 points and featured in the 76th percentile in FY21 as compared to a score of 29 points and a percentile position of 50 in FY20. The company has marked a significant uptick as compared to its previous performance in the DJSI across all parameters including Governance & Economic Dimension and Environment Dimension amongst others. A total of 360 Indian companies were invited to participate in DJSI in 2021, out of which EML made it to an exclusive list of 15 Indian companies which became a member of the DJSI Emerging Markets Index across all sectors.

Shares of Eicher Motors Limited was last trading in BSE at Rs. 2710.45 as compared to the previous close of Rs. 2685.25. The total number of shares traded during the day was 37786 in over 5293 trades.

The stock hit an intraday high of Rs. 2738.50 and intraday low of 2650.00. The net turnover during the day was Rs. 101895383.00.

Source : Equity Bulls


EicherMotorsLimited INE066A01021 EICHERMOT DJSI DownJonesSustainabilityIndex