CDP bestows Galaxy Surfactants with Supplier Engagement Leader 2021 recognition

Leading player in the world of surfactants and specialty care ingredients, exclusively focused on catering to the Home and Personal Care industry, Galaxy Surfactants has gained distinct recognition as Supplier Engagement Leader 2021 awarded by a globally acclaimed body on environment impact measurement, Carbon Disclosure Project (CDP).

Galaxy Surfactants earned the distinct 'A' rating as granted by CDP basis its deep sustainability focus across its business value chain ecosystem.

Galaxy Surfactants has been recognized for successful engagement with their suppliers on climate change and played a crucial role in the transition towards the net-zero sustainable economy. The Supplier Engagement Rating (SER) by the CDP evaluates corporate supply chain engagement on climate issues and helps companies identify as well as respond to environmental risk and opportunities through CDP's industry-leading disclosure framework. The SER assesses performance on key sustainability aspects of governance, targets, scope three emissions, and value chain engagement of the organizations and accordingly provides ratings to the companies.

Mr. K Natarajan, the Chief Operating Officer of the company said, "At Galaxy Surfactants, we pursue sustainability holistically by involving our value chain partners in our joint journey to mitigate environmental impact. Under this approach, one key focus is to reduce carbon footprint. Our constant endeavor is to decarbonize our value chain, accelerate climate solutions and improve our overall sustainability quotient. This recognition by CDP further strengthens our resolve to continue our environment-friendly pursuits and bring about a positive impact".

CDP has established itself as a global measurement to measure environmental impact. It believes that environment transparency and accountability are vital to tracking progress towards a thriving, sustainable future. In 2021, the suppliers disclosing through CDP reported a reduction of 1.8 billion tonnes of Carbon dioxide and savings of over 29 Billion USD.

Shares of Galaxy Surfactants Limited was last trading in BSE at Rs. 2786.90 as compared to the previous close of Rs. 2626.90. The total number of shares traded during the day was 2496 in over 805 trades.

The stock hit an intraday high of Rs. 2824.05 and intraday low of 2661.05. The net turnover during the day was Rs. 6867906.00.

Source : Equity Bulls

Keywords

GalaxySurfactants INE600K01018 CDP SupplierEngagementLeader2021 Recognition