CHENNAI, India – Ashok Leyland, the flagship company of the Hinduja Group and India’s leading commercial vehicle manufacturer, has been ranked No. 1 globally in Sustainalytics’ ESG Risk Rating for the Heavy Machinery and Trucks sector for Q3 FY25. This prestigious recognition reinforces the company’s commitment to sustainability and responsible business practices.
A Benchmark for Sustainability Excellence
Sustainalytics, a globally recognized provider of Environmental, Social, and Governance (ESG) research and ratings, evaluated Ashok Leyland on multiple ESG parameters, including environmental stewardship, social responsibility, and corporate governance. The company’s top ranking cements its reputation as an industry leader in sustainable business practices.
Ashok Leyland has embedded sustainability into its core operations, focusing on product stewardship, corporate social responsibility, and transparent governance. Its robust ESG disclosures further strengthen its position as a trailblazer in sustainable mobility.
Leadership’s Commitment to a Greener Future
Shenu Agarwal, MD and CEO of Ashok Leyland, expressed pride in the achievement, stating, “We are deeply honored to be ranked No. 1 globally in Sustainalytics’ ESG Risk Rating for Heavy Machinery and Trucks. This recognition reflects our unwavering commitment to ESG excellence and aligns with our vision of becoming one of the Top 10 global commercial vehicle manufacturers.”
Alok Verma, Head of Corporate Strategy and ESG, emphasized the company’s long-term sustainability vision, saying,
“Achieving the top global ranking underscores our dedication to integrating ESG into our core business strategy. This milestone strengthens our resolve to create long-term value for all stakeholders while advancing towards a greener and more responsible future.”
Ambitious Sustainability Goals
Ashok Leyland has transitioned from a compliance-based approach to a competitive sustainability strategy, setting ambitious environmental targets, including:
- Carbon-neutral operations by 2030
- Commitment to 100% renewable energy (RE100) by 2030
- Net-zero emissions by 2048
These bold initiatives position the company at the forefront of sustainable transportation, driving impactful change across the industry.
A Legacy of Innovation and Responsibility
Founded in 1948, Ashok Leyland has evolved into a dominant force in India’s commercial vehicle sector while expanding its global footprint. This latest ESG ranking highlights its transformation from a traditional manufacturer to a leader in sustainable transport solutions.
As the company continues its sustainability journey, it remains focused on setting new benchmarks in corporate responsibility and eco-friendly mobility solutions that will shape the future of the industry.