The modern world is beginning to actively embrace sustainability and social awareness. It’s not just a buzzword or trend anymore—it's a necessity. Corporate entities around the world are beginning to adopt sustainable methods for their operations and Welspun Living is among the entities leading the way and setting the benchmark for ESG standards across industries. Representing the Indian textile industry at a global stage, the company has once again raised the bar by scoring 83 in the 2024 S&P Global Corporate Sustainability Assessment (CSA). This milestone not only reinforces its status as India’s top textile manufacturer but also places the company fourth in the Global Textile, Apparel & Luxury Goods category.
Welspun’s jump from a score of 66 in 2023 to 83 this year—an impressive 26% improvement—highlights its deep commitment to embedding sustainable practices throughout its operations. In fact, Welspun has achieved the highest overall ESG rating in the Textiles, Apparel and Luxury Goods category in 2024. The highest ranked company from India, and the 4th highest ranked textile company globally. The S&P Global CSA evaluates companies on transparency, innovation, and real-world impact, and for Welspun, this progress is a clear sign of a culture rooted in continuous improvement and accountability.
Central to Welspun’s success is its unwavering focus on innovation and transparency. The company has introduced sustainable textile manufacturing techniques—reducing water usage by 20% in the last 5 years—and integrated renewable energy solutions across its facilities. Its commitment to a circular economy, where waste is repurposed as a resource, is setting new standards in the global textile industry.
Moreover, ethical sourcing plays a pivotal role in Welspun’s strategy. By partnering closely with suppliers to ensure fair labor practices and the responsible use of raw materials, the company not only strengthens its supply chain but also uplifts local communities. These initiatives are in line with global efforts such as the United Nations Sustainable Development Goals (SDGs), positioning Welspun as a leader in systemic change.
Needless to say, Welspun’s leaders are happy to see the company’s progress and contributions. Their efforts to champion ESG initiatives are making waves and being recognized at a global stage. Dipali Goenka, Managing Director & CEO, encapsulated the sentiment by saying “This achievement is a testament to our team’s relentless pursuit of sustainability. Responsible growth isn’t just a goal—it’s part of our DNA. We’re not just making textiles; we’re weaving a legacy of innovation and integrity.”
Alok Mishra, President & Group Head – Sustainability, added “Our ESG journey is about future-proofing our organization. By addressing risks holistically, we’ve shown that economic success and environmental care can coexist. This milestone fuels our ambition to create scalable, impact-driven solutions.”
Welspun’s success is especially significant in an industry often criticized for its environmental impact. With textile manufacturing contributing to nearly 10% of global carbon emissions and 20% of wastewater, the company’s achievements offer a hopeful blueprint for change. By outpacing its peers and establishing new benchmarks, Welspun is challenging the sector to rethink growth without compromising the planet.
Investors and consumers are increasingly valuing ESG factors, and Welspun’s transparent, accountable approach is building stronger trust among stakeholders.
While celebrating this milestone, Welspun is not resting on its laurels. The company has set ambitious goals, including achieving net-zero emissions by 2040, further advancing circular textile innovations, and expanding its social impact programs. By making sustainability a core part of its strategy, Welspun is not merely adapting to change—it’s actively driving it. It’s efforts as a sustainable textile company have become an example to follow for global textile companies as well as local players around the world.
In today’s world, where ethical leadership is more than a trend, Welspun Living Limited is crafting a blueprint for a sustainable future. Their journey reminds us that when profit aligns with purpose, progress is inevitable. Join Welspun on this transformative journey—because sustainability is not just a destination, but a way of life.
