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STL rated a top ESG performer by MSCI; made significant advances in EcoVadis Sustainability Index

STL rated a top ESG performer by MSCI; made significant advances in EcoVadis Sustainability Index

Mumbai, India

STL [NSE: STLTECH], a leading optical and digital solutions company, today announced that it has significantly improved ESG metrics being tracked by global investment research firm Morgan Stanley Capital International (MSCI). STL received a rating of ‘A’ in the assessment by MSCI for its ESG efforts. MSCI rates company policies and actions related to key metrics such as responsible sourcing, clean technology usage, and more on an industry-relative AAA-CCC scale.

STL has also been awarded theSilver medal with an overall score of 92 percentile in the EcoVadis Sustainability assessment. The company improved its score in 3 out of 4 categories – Environment, Labour & Human Rights, and Ethics. The increased score can also be attributed to STL’s world-leading waste management practices and Zero Liquid Discharge. STL achieved Zero Waste to Landfill certification for four manufacturing units in India and two in Italy and Zero Liquid Discharge across 6 of its 10 global manufacturing facilities.

In addition to its environment, community, and governance efforts, STL has been championing enhanced disclosures and reporting on an increased number of ESG KPIs along with the publication of policies on Net Zero by 2030, energy, waste and water management, and sustainable sourcing.

The company has also been making concerted efforts to develop a dedicated Human Rights policy that values transparency, regulatory compliance, grievance redressal, and employee safety.

Commenting on improvement in MSCI ratings, Akanksha Sharma, Global ESG Head, STL, said: “Our commitment to sustainability and UN Sustainable Development Goals has been a core driver of our ESG and business actions. We are striving to create tangible and measurable impact through our efforts towards sustainable operations, women empowerment and grassroots work in areas like water conservation, digital education, healthcare and more. These ratings are a validation of our efforts and reinforce our vision to be a leader in addressing sustainability-related risks and opportunities within our industry.”

 

About STL – Sterlite Technologies Ltd:

STL is a leading global optical and digital solutions company providing advanced offerings to build 5G, Rural, FTTx, Enterprise, and Data Centre networks. Read more, Contact us, stl.tech | Twitter | LinkedIn| YouTube

A leading optical and digital solutions company.

STL is a leading global optical and digital solutions company providing advanced offerings to build 5G, Rural, FTTx, Enterprise and Data Centre networks. The company, driven by its purpose of ‘Transforming Billions of Lives by Connecting the World’, designs and manufactures in 4 continents with customers in more than 100 countries. Telecom operators, cloud companies, citizen networks, and large enterprises recognize and rely on STL for advanced capabilities in Optical Connectivity, Global Services, and Digital and Technology solutions to build ubiquitous and future-ready digital networks. STL’s business goals are driven by customer-centricity, R&D and sustainability. Championing sustainable manufacturing, the company has committed to achieve Net Zero emissions by 2030. With top talent from 30+ nationalities, STL has earned numerous ‘Great Place to Work’ awards and been voted as the ‘Best Organisation for Women’. Read more, Contact us. stl.tech | Twitter | LinkedIn | YouTube
For more information, contact:
Media Relations Agency Contact Investor Relations
Soumi Das Ishita Kaushik Chetan Wani
Phone: +91 7028466673 Phone: +91 9315981700 Phone: +91 9712975633
soumi.das1@stl.tech ishita.kaushik@2020msl.com investor@stl.tech