Privi Speciality Chemicals Ltd awarded with Ecovadis Gold

Privi Speciality Chemicals Limited, the leading manufacturer and exporter of Aroma Chemicals, having its state-of-the-art facilities at MIDC Mahad in the State of Maharashtra and Jhagadia in the State of Gujarat, is being awarded with the Ecovadis Gold.

The Ecovadis Gold is the Sustainable scorecard which put the Company amongst top 5% of the few thousands of the companies assessed by EcoVadis globally. The Company have received the overall score of 77/LOO on EcoVadis' March 2024 scorecard, putting it in 98th percentile. The factory was rated "Advanced" across the four EcoVadis themes i.e. Environment, Labor & Human Rights, Ethics and Sustainable Procurement.

Ecovadis:

EcoVadis is the first and largest collaborative platform in the world for trading partners to share sustainability performance information. Request assessments, monitor performance, create reports, and engage team in risk and performance goals. This methodology covers seven indicators, across 21 sustainability criteria, in four themes i.e. Environment, Labor & Human Rights, Ethics and Sustainable Procurement. It is based on leading standards, such as GRI, UNGC, and ISO 25000, and it is supervised by an international scientific committee. It rates Company's basis Company's Policies, actions, results as well as inputs from third party professionals and external stakeholders.

Company's Sustainability Journey:

Mr. Mahesh P Babani, Chairman & Managing Director at Privi Speciality Chemicals Limited said: "We have always been thinking ahead of time in terms of Sustainability. Under his guidance the company has taken various initiatives towards transparently disclosing its efforts on Climate Action, Water Stewardship whether it is CDP or annual BRSR reporting or submitting the targets to SBTi to become carbon neutral or following 8 out of 17 United Nations Sustainable Development Goals.

On the occasion of World Environment Day, the Chairman has taken pledge on behalf of the entire organization of privi Speciality Chemicals Limited committed to reach net-zero greenhouse gas emissions by 2050 on the United Nations Framework Convention on Climate Change - Carbon Neutral Now.

We all join him to support the initiative of making our planet sustainable for our next generations to come.

Shares of Privi Speciality Chemicals Limited was last trading in BSE at Rs. 986.80 as compared to the previous close of Rs. 1003.90. The total number of shares traded during the day was 9489 in over 553 trades.

The stock hit an intraday high of Rs. 1015.00 and intraday low of 975.00. The net turnover during the day was Rs. 9544818.00.

Source : Equity Bulls

Keywords

PriviSpecialityChemicals INE959A01019 MIDC Mahad Jhagadia Gujarat EcovadisGold