Bengaluru: Bharat Electronics Limited (BEL), a Navratna Defence PSU, has been assigned the CareEdge-ESG 1 rating with an ESG score of 73.8 by CARE ESG Ratings Limited (CareEdge-ESG), a SEBI-registered Issuer-pays ESG Rating Provider.
BEL is the first aerospace and defence company to be assigned CareEdge-ESG 1 rating, reflecting its commitment to sustainable practices in this sector. BEL has demonstrated leadership qualities in its ESG journey, managing ESG risk through best-in-class disclosures, policies and performance.
The company’s consistent focus on water stewardship, emissions control, waste management, human capital, business ethics, reducing water consumption, etc, positions it well for a transition towards more sustainable operations.
BEL has showcased better performance over the industry median in biodiversity conservation, energy efficiency, data privacy, oversight on ESG, sustainability and community development through comprehensive initiatives focused on reducing carbon emissions, and supporting welfare programmes for employees and local communities.
ESG ratings help investors make informed decisions. Companies with strong ESG credentials often demonstrate superior financial performance and are more successful in attracting a diverse array of investors and raising capital.
Manoj Jain, CMD, BEL, said, “An ESG score of 73.8 from CareEdge-ESG underscores BEL’s dedication to sustainable growth and ethical business conduct. It highlights our efforts to integrate ESG values throughout our organisation. BEL is pursuing its long-term sustainability vision, which includes an ambitious goal to attain net-zero Scope 1 and 2 emissions by 2030. We remain dedicated to embedding sustainability at the heart of our business strategy.”
