Hindalco Tops Global Sustainability Rankings for 5th Year

Hindalco Industries Ltd., the metals arm of the Aditya Birla Group, has secured the top position as the world’s most sustainable aluminium company for the fifth consecutive year, according to the 2024 S&P Global Corporate Sustainability Assessment (CSA) rankings. The company earned a total score of 87 points, improving by 9 points from 2023, and surpassed its closest competitor by 22 points. Hindalco’s consistent efforts to raise its environmental, social, and governance (ESG) standards have played a pivotal role in this achievement.

Consistent Sustainability Excellence

Hindalco’s ranking reflects its continuous improvements across various sustainability parameters. The company achieved the 100th percentile in climate strategy, waste management, resource consumption, community engagement, and employee development. These efforts have made Hindalco a leader in emissions reduction and climate action, including the establishment of a 100 MW carbon-free power project for its Odisha smelter.

Key Environmental Achievements

• Hindalco reduced specific greenhouse gas (GHG) emissions by 19.54% compared to its FY 2011-12 baseline.
• The company recycled 85% of its operational waste in FY24 and aims to achieve zero-waste-to-landfill by 2030, with three units already receiving zero-waste-to-landfill certification.
• Hindalco has committed to sourcing 30% of its energy from renewable sources by 2030.

Social Impact and Community Engagement

Hindalco led the social category with a score of 89%, 26 percentage points ahead of its nearest peer. The company invested ₹154 crore in community programs in FY24, positively impacting over 2.5 million lives.

Strong Governance and Future Plans

With a governance score of 84%, Hindalco maintained its leadership, outperforming its nearest competitor by 12 percentage points. The company’s commitment to ESG standards is evidenced through ongoing investments in sustainability projects and its future goal of net-zero emissions. Hindalco continues to raise the bar in environmental stewardship, social responsibility, and corporate governance.

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