Governance Leading to Success
Good governance forms the bedrock of any organization. At Welspun Group we have adopted multiple policies and mechanisms to maintain the highest standards of corporate governance, transparency, and fairness in dealing with all stakeholders.
We have also redefined the governance of Environment & Social (E&S) aspects across organizational levels, ensuring effective delegation of accountability. This leads to efficient monitoring of action and associated outcomes. Policies like Board Diversity, ESG, Nomination, Remuneration, etc., have led to improved management and governance. There is also an increased expectation from stakeholders on ESG performance reporting, hence, to successfully meet this expectation, we have implemented a new IT tool for ESG data monitoring and reporting called the ESG Compass.
ESG Compass will enable ESG performance data collection across the Welspun Group plants and entities. It is touted to provide a secure way of collecting and collating data across 30+ ESG KPIs in the domains of E, S, and G, including KPIs like GHG emissions (Scope 1, 2 & 3), Electricity consumption, Fuel consumption, Waste Generation, Environmental emissions, Diversity ratios, Governance parameters, among others.
The tool shall simplify reporting to internal and external stakeholders on our overall ESG performance, and provide a clear dashboard for tracking GHG emissions on Scope 1, Scope 2 & Scope 3 emissions.
Overall, WCL is committed to achieving and adhering to the highest standards of corporate governance and we constantly benchmark ourselves with best practices in India and worldwide.Click to read our Governance Factsheet