Search
+
    The Economic Times daily newspaper is available online now.

    Vakrangee scores big on sustainability, gets a spot in S&P Global Sustainability Yearbook 2021

    Synopsis

    Only 630 sustainability leaders have been selected out of 7,000 companies assessed for this year’s yearbook.

    Untitled design - 2021-02-12T083202.251
    The Sustainability Yearbook 2021, published by S&P Global, is one of the world’s most comprehensive public ations providing indepth analysis of corporate responsibility.
    Vakrangee Limited is now part of this year’s S&P Global Sustainability Yearbook 2021 for the first time. The company’s sustainability performance is within the top 15 per cent of the industry and is among the world’s highest performing sustainable companies. Only 630 sustainability leaders have been selected out of 7,000 companies assessed for this year’s yearbook based on their S&P Global ESG (Environmental, Social and Governance) Scores calculated from the CSA.

    The Sustainability Yearbook 2021, published by S&P Global, is one of the world’s most comprehensive public ations providing indepth analysis of corporate responsibility. S&P Global, which acquired the ESG Ratings business from RobescoSAM, in 2021 assessed over 7,000 companies across 61 industries this year with the goal of identifying those that exemplify leading corporate sustainability practices and a focus on long-term growth drivers. S&P Global ESG Scores also form the key factor for selecting companies for the Dow Jones Sustainability Indices (DJSI).

    Dinesh Nandwana, Managing Director and Group CEO, Vakrangee Ltd, said, “We are proud to be part of the SAM Sustainability Yearbook and be recognised for our dedication to operating ethically and our emphasis on sustainability across all levels of our business model. This recognition reflects our commi tment towards sustainability. “At Vakrangee, we have always attempted to be responsible and social ly-conscious as an organisation. This recognition is a validation of our belief and commitment to our business model of Nextgen Vakrangee Kendras,” said Nandwana. The company has been successful in benchmarking its performance on a wide range of industry- specific economic , environmental, governance and social criteria that are relevant to the growing focus on business sustainabi l ity and financial ly relevant to corporate success.

    Vakrangee has mapp e d its business st rategy and sus tainabi l i ty ini t iat ives along with the United Nation’s Sustainable Development Goals. Through its network of kendras, Vakrangee is taking financial and digital literacy to the bottom of the socio-economic pyramid and serving as the last-mile link to connect India’s unserved and underserved rural and urban citizens by offering them the same products and services at the same time, competitive price and same service levels. Vakrangee is acting as the biggest equaliser by bridging the gap between the urban and rural population in India.

    Through its network of more than 10,000 NextGen outlets, Vakrangee is driving financial, digital and social inclusion in rural India. Financial inclusion is achieved through the promotion of the government’s financial and social inclusion initiatives such as PMJDY and social security insurance schemes. Through its kendras, the company provides universal access to banking, insurance and pension schemes as well as direct benefit transfer of subsidies.
    Download The Economic Times News App to get Daily Market Updates & Live Business News.
    ...more
    Download The Economic Times News App to get Daily Market Updates & Live Business News.
    ...more
    The Economic Times

    Stories you might be interested in