Eicher Motors Limited (EML), the parent company of Indian motorcycle brand Royal Enfield, has made its debut on the Dow Jones Sustainability Indices (DSJI) – Emerging Markets category. Eicher Motors is one among only ten global automotive companies to feature on the list for 2021, and is one among three Indian automobile companies on the list. With more than 100 percent year-on-year improvement in its score, Eicher Motors Limited is ranked at an overall 8th position in the list of sustainability leaders in emerging markets.
The DJSI rankings highlight EML’s increased focus on developing and shaping a robust Environmental, Social, and Governance (ESG) vision, with measured commitments, targets, and direction for the future. These include improving and adopting effective and environment-friendly manufacturing processes, working towards attaining carbon neutrality, eliminating the usage of single-use plastics, focus on road safety, community development and vocational training programs, among other initiatives.
Speaking about this achievement, Siddhartha Lal, Managing Director of Eicher Motors Ltd, said, “As we chart EML’s next stage of growth with an immense focus on our strategic business plans and goals, an effective and impactful Environmental, Social and Governance (ESG) vision is a key aspect to define this growth for us. Over the last few years, we have made significant strides across all parameters to deliver positive results in line with a renewed ESG vision. Our inclusion in the DJSI index is a testament to the success of our initiatives and direction. We are committed to making concerted efforts to further realize this vision and deliver a positive impact across the entire product value chain.”
Royal Enfield’s highest-selling model is the Classic 350, which has sold over 40 lakh units during the past decade. The 2021 Royal Enfield Classic 350 is better in every aspect. It has better engine refinement, better dynamics, and comes with more features and color options.
Created jointly by S&P Dow Jones Indices and SAM (Suitable Asset Management), the DJSI combines the experience of an established index provider with the expertise of a specialist in Sustainable Investing to select the most sustainable companies from across 61 industries. The indices serve as benchmarks for investors who integrate sustainability considerations into their portfolios and provide an effective engagement platform for investors who wish to encourage companies to improve their corporate sustainability practices.
Eicher Motors Limited registered an overall score of 61 points and featured in the 76th percentile in FY21 as compared to a score of 29 points and a percentile position of 50 in FY20. The company has marked a significant uptick as compared to its previous performance in the DJSI across all parameters including Governance & Economic Dimension and Environment Dimension amongst others. A total of 360 Indian companies were invited to participate in DJSI in 2021, out of which EML made it to an exclusive list of 15 Indian companies which became a member of the DJSI Emerging Markets Index across all sectors.