UltraTech tops 2023 sustainability rankings as no. 1 cement firm

Ultratech Cement, which is India's largest cement and ready mix concrete company, has achieved the top position in Sustainability within the Infrastructure and Engineering sector. This recognition was given by Sustain Labs Paris and BW Businessworld's India's Most Sustainable Companies list for the 2022-2023 period. An improvement in Ultratech's overall ranking in the India's Most Sustainable Companies list has been observed. Previously ranked 15th in 2021-22, the company has now advanced two positions to the 13th rank in 2022-23. This progress reflects the notable advancements made by Ultratech in its key areas of sustainability focus, including decarbonisation, circular economy, energy transition, water conservation, and biodiversity management. Additionally, Ultratech has been actively engaged in community development initiatives. The rankings were announced during an awards ceremony that took place in New Delhi on June 20th, 2023. Sustain Labs Paris conducted extensive research to evaluate the sustainability performance of India's 500 largest companies by revenue for the fiscal year 2023, using the SLP Sustainability Cube framework. Based on this research and the discussions of a respected jury, 200 companies were chosen as India's Most Sustainable Companies for the period of 2022-23. Also read: Shree Cement plans Rs 60 billion investment for capacity boost Crisil: Cement prices may decrease 1-3% despite strong demand