Stock Report

APL Apollo Tubes Ltd stands at 56th Percentile of the S&P Global CSA 2021



Posted On : 2021-12-07 13:32:25( TIMEZONE : IST )

APL Apollo Tubes Lid., has announced that it has received a score of 25 and stands at the 56 percentile in industry rankings in its very first S&P Global Corporate Sustainability Assessment (CSA) results announced on Nov 12, 2021. The company has begun its ESG journey and is on continuous improvement path for subsequent years.

The S&P Global Corporate Sustainability Assessment, assesses about 8,000 companies globally representing about 90% global market capitalisation on material environmental, social and governance criteria scores for up to 30 focus areas across sub-industries; question-level scores covering 130 sustainability topics; and up to an additional 1,000 underlying data points per company to arrive at a composite ESG score.

Commenting on the Company's ESG performance for FY21, Mr. Sanjay Gupta, Chairman, APL Apollo, said, "lam delighted to see APL Apollo's rankings in its very first S&P Global sustainability assessment. This oufcome reaffirms and validates our corporate philosophy followed through for over 36 years of our existence, of responsible business conduct. We believe in doing well by doing good. We are committed to improving our ESG score and are confident to achieve the highest standards by following the best ESG practices."

These ESG scores reflect APL Apollo's commitment to fully integrate ESG principles into the company's business strategies and operations. As a responsible corporate citizen, APL Apollo lays emphasis on promoting all aspects of ESG including highest standards of corporate governance and behavior, stakeholder engagement, safety, quality, human rights, recycling, energy efficiency, corporate social responsibility, environmental protection etc.

Shares of APL Apollo Tubes Limited was last trading in BSE at Rs. 904.55 as compared to the previous close of Rs. 925.45. The total number of shares traded during the day was 26213 in over 2611 trades.

The stock hit an intraday high of Rs. 939.50 and intraday low of 899.60. The net turnover during the day was Rs. 24075211.00.

Source : Equity Bulls

Keywords

APLApolloTubesLimited INE702C01027 APLAPOLLO CSA CorporateSustainabilityAssessment