APL Apollo Tubes Ltd achieves 89th Percentile in industry in S&P Global Corporate Sustainability Assessment 2024

APL Apollo Tubes Ltd. is elated to announce that it stands at the 89th percentile in the steel industry on ESG rankings in S&P Global Corporate Sustainability Assessment (CSA), up from 86th percentile in 2023 and 80th percentile in 2022. The results of the assessment came in March 2025, where the company scored a total of 49.

The company's score improved to 49 in 2024 from 40/29/25 in 2023/2022/2021, reflecting APL Apollo's commitment to integrate ESG into the company's business strategies and operations.

In line with our ongoing efforts to reduce greenhouse gas emissions, we are also delighted to announce that the Science Based Targets initiative (SBTi) has approved APL Apollo Tubes' nearand long-term science-based emissions reduction targets, as well as our science-based Net Zero target for 2050, in alignment with a 1.5°C scenario. APL has pledged to reduce its Scope 1 and 2 emissions per metric ton of steel produced by 25% by 2030.

Our improved performance in the S&P Global CSA, along with the validation from the SBTi, is a testament to our steadfast commitment to sustainability, and we believe that our focus on responsible manufacturing and innovation benefits the environment, while enhancing our competitive advantage and long-term sustainability. APL Apollo Tubes has invested in environmentally friendly products such as the Tubular Structural Steel product that offers a better alternative to RCC and wood as a method of building construction, with benefits such as recyclability, zero dust, no water consumption, and quicker construction.

Commenting on the Company's ESG performance for 2024, Mr. Sanjay Gupta, Chairman, APL Apollo, said, "Our performance in assessments by ESG ratings organizations and validation of our Net Zero target by an international body such as the Science Based Targets initiative (SBTi) is encouraging. I am delighted to announce that our overall score has improved and now stands at 89th percentile in 2024. We are dedicated to reducing our carbon footprint, improving resource efficiency, and promoting ethical business practices within the steel industry."

Shares of APL Apollo Tubes Limited was last trading in BSE at Rs. 1509.85 as compared to the previous close of Rs. 1488.05. The total number of shares traded during the day was 15587 in over 1337 trades.

The stock hit an intraday high of Rs. 1512.10 and intraday low of 1479.25. The net turnover during the day was Rs. 23306779.00.

Source : Equity Bulls

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