Ashok Leyland, an Indian commercial vehicle manufacturer, has achieved the top ranking in Sustainalytics’ ESG Risk Rating for the Heavy Machinery and Trucks sector in Q3 FY25. This recognition highlights the company’s commitment to sustainability and its goal of becoming one of the top 10 global commercial vehicle players. The company has set ambitious environmental targets, including carbon-neutral operations by 2030 and net-zero emissions by 2048, as well as committing to 100% renewable energy usage by 2030 through the RE100 initiative.
Ashok Leyland has shifted its approach from a compliance-based focus to incorporating sustainability across its business operations, product development, and corporate social responsibility initiatives. The company’s ESG assessment covered multiple parameters and evaluated its performance in sustainable business practices. Sustainalytics provides ESG research and ratings globally, helping investors and stakeholders assess companies’ sustainability performance.
The commercial vehicle industry is under increasing pressure to adopt sustainable practices and reduce environmental impact, making Ashok Leyland’s position as a leading manufacturer in India’s market significant. The company has established itself in the Indian market since its founding in 1948 and has a substantial presence in both domestic and international markets. This ESG ranking reflects Ashok Leyland’s evolution from a traditional manufacturer to one focused on sustainable mobility solutions.