GAIL included in prestigious Global Sustainability Index “FTSE4GOOD Index Series”
India’s largest state-owned natural gas processing and distribution company, GAIL (India) Limited has been included in the prestigious FTSE4Good Index Series for the fourth time in a row, affirming the Company’s strong commitment towards Environmental, Social and Governance (ESG) practices in the Oil & Gas Sector.
Created by the global index and data provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong ESG practices. The FTSE4Good indexes are used by a wide variety of market participants to create and assess responsible investment funds and other products.
GAIL Chairman & Managing Director Shri Manoj Jain said, “I am pleased that GAIL (India) Limited has been included in the FTSE4Good Index Series for the fourth year in a row. This is a proof of our commitment towards sustainable development while also doing business responsibly and focusing on our stakeholders.”
GAIL is striving to implement Sustainability initiatives across all sites of the company, he added.
FTSE Russell evaluations are based on performance in areas such as Corporate Governance, Health & Safety, Anti-Corruption and Climate Change. Businesses included in the FTSE4Good Index Series meet a variety of environmental, social and governance criteria.
The FTSE4Good Index Series ranks the largest global companies based on environmental, social and governance (ESG) performance and transparency in information disclosure. The FTSE4Good indexes are used by investors to create and assess responsible investment funds and other products.
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