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.
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.
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.
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.
| Why in News | Key Points |
|---|---|
| Hindalco ranked the world’s most sustainable aluminium company for the fifth consecutive year. | Hindalco Industries Ltd. ranked first in the 2024 S&P Global Corporate Sustainability Assessment (CSA) for aluminium, scoring 87 points, 22 points ahead of its closest peer. |
| Hindalco’s environmental, social, and governance (ESG) achievements. | 19.54% reduction in specific GHG emissions compared to FY 2011-12 baseline. |
| Recycling and waste management achievements. | Hindalco recycled 85% of its operational waste in FY24. |
| Renewable energy goals. | Hindalco plans to source 30% of its energy from renewables by 2030. |
| Community investment. | Hindalco invested ₹154 crore in community programs in FY 2023-24, impacting 2.5 million lives. |
| Corporate governance and awards. | Hindalco scored 84% in governance, 12 percentage points ahead of its closest competitor. Awarded the “Energy Transition Changemaker” at COP28 for its carbon-free power project in Odisha. |
| Zero-waste-to-landfill initiative. | Three Hindalco units received zero-waste-to-landfill certification, aiming for company-wide zero waste by 2030. |
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