Ashok Leyland, the flagship Indian company of the Hinduja Group and the nation’s top commercial vehicle manufacturer, has been recognized as the global leader in Sustainalytics’ ESG Risk Rating for the Heavy Machinery and Trucks sector for Q3 FY25. This prestigious accolade affirms the company’s unwavering dedication to sustainability, which is deeply ingrained in its corporate ethos.
Sustainalytics, a respected provider of ESG research and ratings, evaluated Ashok Leyland on various ESG metrics, including environmental management, social responsibility, and corporate governance. The company’s exceptional performance solidifies its standing as an industry benchmark for sustainable excellence.
This recognition highlights Ashok Leyland’s leadership in Environmental, Social, and Governance (ESG) principles, focusing on integrating sustainability across its business operations, product stewardship, corporate social responsibility, and the wider ecosystem. The company’s transparency and enhanced disclosures further establish its reputation as a global leader in sustainable business practices.
Shenu Agarwal, MD and CEO of Ashok Leyland, commented, “We are deeply honored to be ranked No. 1 globally in Sustainalytics’ ESG Risk Rating for Heavy Machinery and Trucks. This recognition underscores our strong commitment to ESG excellence. Being acknowledged by such a renowned global platform is a reflection of Ashok Leyland’s determination as we work towards our vision of becoming one of the Top 10 global commercial vehicle manufacturers.”
Alok Verma, Head of Corporate Strategy and ESG at Ashok Leyland, also expressed, “Achieving the top global ranking in Sustainalytics’ ESG Risk Rating highlights our steadfast commitment to embedding sustainability into our core business strategy. We believe that integrating ESG not only strengthens our business but also creates long-term value for all stakeholders. This achievement motivates us to further accelerate our journey toward a greener and more responsible future.”
Over the years, Ashok Leyland has evolved from a compliance-based approach to sustainability into a comprehensive strategy that embraces competitive sustainability. The company has set ambitious targets, including achieving carbon-neutral operations by 2030, committing to RE100 by 2030, and reaching net-zero emissions by 2048.
These bold goals reflect Ashok Leyland’s commitment to creating a cleaner, more sustainable future. As it continues its sustainability journey, the company remains focused on driving impactful change, setting new standards in corporate responsibility, and pioneering sustainable mobility solutions that will shape the future of the industry.
Founded in 1948, Ashok Leyland has established itself as a dominant player in India’s commercial vehicle sector, with a growing international presence. This latest ESG ranking underscores its transition from a traditional manufacturer to a leader in sustainable transport solutions.
