India’s leading commercial vehicle manufacturer, Ashok Leyland, flagship of the Hinduja Group, today announced the formation of an Environmental, Social & Governance (ESG) Committee headed by an Independent Director at the recently concluded Board meeting. The role of this new ESG Committee will be to provide appropriate oversight and guidance in the Company’s journey on organization-wide ESG initiatives, priorities, and leading ESG practices.
Announcing the formation of this Committee, Mr. Dheeraj Hinduja, Chairman, Ashok Leyland, said, “We are pleased to institute this new ESG Committee of our Board. This Committee will help accelerate adoption of leading ESG practices into the business and bring added focus on being sustainable and socially responsible. The endeavor is to create sustainable opportunities for people, businesses and communities that we work with.”
Commenting on the ESG Committee, Mr. Vipin Sondhi, MD & CEO, Ashok Leyland, said, “While we are focused to achieve our Vision which is ‘To be a Top 10 Global CV Player’, a deep sense of social responsibility lies at the heart of our operations at Ashok Leyland. For over 70 years, we have been committed towards the good of our customers, employees, communities, value chain partners and investors, and Sustainability is the foundation upon which this commitment has been built. The formation of this Committee will propel our efforts in taking the ESG agenda forward.”
Mr. Jose Maria Alapont, Independent Director, Ashok Leyland, added, “The aim of this Committee will be to provide guidance and support to Ashok Leyland’s ongoing commitment towards Environment, Corporate Social Responsibility, Corporate Governance and other Public Policy matters, relevant to the company.”
ESG initiatives in Ashok Leyland will be led by Mr. N V Balachander. As the President of ESG, he will lead the Sustainability agenda within the Company and work with the newly formed Board Committee to create new benchmarks in Sustainability for the Auto industry.