PI Industries ranks in the TOP QUINTILE of the S&P Global CSA 2021

PI Industries Ltd (NSE, BSE), has emerged as one of the top quintile companies in it's very first S&P Global Corporate Sustainability Assessment (CSA) with 82% percentile industry ranking in the results announced on 12th Nov, 2021.

The S&P Global Corporate Sustainability Assessment, which currently assesses ~10,000 companies globally, enables companies to benchmark their sustainability performance on a wide range of industry specific economic, environmental and social criteria that are relevant to the growing number of sustainability focused stakeholders. The S&P Global uses a consistent, rule-based methodology to convert ~1000 data points and ~100 questions across the economic, social and environmental dimension into an ESG Score.

Commenting on the development, Mr. Rajnish Sarna, Jt. Managing Director at PI Industries said: "I am elated to see PI in the top quintile rankings in its very first S&P Global sustainability assessment. This outcome reaffirms and validates our corporate philosophy followed through for over 75 years of our existence, to do business responsibly and sustainably. We have always believed in doing well by doing good. ESG stands central to what we do and It is anchored in our Purpose, Vision and Values. We are confident and committed to continuously improve our ESG score by sincerely pursuing right set of initiatives and following best ESG practices."

PI is also Gold Rated by EcoVadis in the last business sustainability assessment with 96th percentile rating in the agrochemical manufacturing companies in the world. In another independent sustainability assessment conducted by one of the global customer under TfS (Together for sustainability) program, PI scored 99 out of 100 and was also presented with an award.

These scores / rankings reflect PI's commitment to fully integrate ESG principles into the company's business strategies and operations. As a responsible corporate citizen, PI places significant importance on promoting all aspects of ESG including highest standards of corporate governance and behaviour, product safety, quality & stewardship, people safety & development, environmental protection and corporate social responsibility.

Shares of PI Industries Limited was last trading in BSE at Rs. 2866.55 as compared to the previous close of Rs. 2910.25. The total number of shares traded during the day was 11398 in over 2404 trades.

The stock hit an intraday high of Rs. 2904.20 and intraday low of 2835.00. The net turnover during the day was Rs. 32687230.00.

Source : Equity Bulls

Keywords

PIIndustriesLimited INE603J01030 PIIND Agrochemicals CSA TopQunitile