Three Mahindra Group Companies amongst Global industry leaders for Responsible and Sustainable Business on Dow Jones Sustainability Index 2016
- Tech Mahindra included in the DJSI World category for the 2nd year
- M&M and Mahindra & Mahindra Financial Services (MMFSL) recognized in the Emerging Markets Index for the 4th consecutive year
September 16, 2016, Mumbai: Mahindra & Mahindra Ltd., Tech Mahindra and Mahindra & Mahindra Financial Services Ltd (MMFSL) have emerged amongst the leading companies in their respective industries in the Dow Jones Sustainability Emerging Market Indices (DJSI-EMI) 2016.
Tech Mahindra has, for the second time, being included in the DJSI World Category, where only four other Indian companies have featured in this list. While, Mahindra and Mahindra Ltd. and MMFSL have retained their positions in the Emerging Market Index of DJSI for the fourth year in succession.
Dow Jones Sustainability Index (DJSI) is one of the most prestigious global benchmarks for corporate responsibility and sustainability. The DJSI leaders were chosen from over 800 companies, out of which 95 made it to Emerging Market Index which includes BRICS countries.
"The Mahindra Group has a deep and long term commitment to sustainability which is one of the most significant ways in which we are driving positive change among the communities in which we operate both within India, and around the world. This prestigious global recognition is a proud moment for the Group and it inspires us to step up our sustainability efforts over the coming years," said Mr. Anand Mahindra, Chairman, Mahindra Group.
In the DJSI analysis all three Mahindra Group companies were rated high on working closely with the community and employees, risk and crisis management, environmental action and codes of business conduct. M&M Ltd. showed a 23% reduction in energy required to produce a vehicle, the Group is a water positive and the company has been resilient to economic stress.
Launched in 1999, DJSI is the gold standard for corporate sustainability and the first global index to track the leading sustainability-driven companies based on RobecoSAM's analysis of financially relevant Environmental, Social, and Governance (ESG) factors. DJSI invites world's largest 3,400 companies from developed and emerging markets listed on the Dow Jones Global Total Stock Market Index (in terms of market capitalization) to take part in its annual Corporate Sustainability Assessment (CSA). It lists one main global index- the DJSI World and various indices based on geographic regions. Parameters for judging the performance of the companies include Codes of Business Conduct, Corporate Governance and Environmental Policy & Management Systems.
The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.
A USD 17.8 billion multinational group based in Mumbai, India, Mahindra provides employment opportunities to over 200,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology, financial services and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two wheeler industries.
In 2015, Mahindra & Mahindra was recognized as the Best Company for CSR in India in a study by the Economic Times. In 2014, Mahindra featured on the Forbes Global 2000, a comprehensive listing of the world’s largest, most powerful public companies, as measured by revenue, profit, assets and market value. The Mahindra Group also received the Financial Times ‘Boldness in Business’ Award in the ‘Emerging Markets’ category in 2013. Visit us at www.mahindra.com
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