Shree Cement Improves ESG Score to 73.8, Retains CareEdge ESG 1 Rating

India-based Shree Cement Limited has improved its CareEdge ESG Rating score to 73.8 from 70.8 in its previous assessment while retaining the highest CareEdge ESG 1 rating, reflecting the company’s performance across environmental, social, and governance (ESG) parameters.

The updated assessment highlights Shree Cement’s progress in renewable energy adoption, resource efficiency, water stewardship, waste management, workplace safety, and governance practices. The rating also recognizes the company’s efforts to embed sustainability considerations into its operational and strategic decision-making processes.

Commenting on the achievement, Neeraj Akhoury, Managing Director of Shree Cement Limited, said sustainability is becoming a critical business priority for the manufacturing sector. He noted that the assessment reflects the company’s disciplined and long-term approach toward environmental and governance objectives, while emphasizing its continued focus on resource efficiency, reducing environmental impact, and building resilient operations.

Shree Cement has continued to advance its sustainability strategy through investments in renewable energy, waste heat recovery, resource efficiency initiatives, and the increased use of alternative fuels. As a member of the RE100 initiative, the company remains committed to sourcing 100% renewable electricity by 2050 and has already achieved more than 60% renewable energy consumption across its operations, placing it among the leading renewable energy users in India’s cement sector.

The company has also expanded the deployment of Waste Heat Recovery Systems (WHRS) and increased the use of Alternative Fuels and Raw Materials (AFR) as part of its efforts to lower carbon intensity, improve resource utilization, and strengthen operational resilience.

In addition, Shree Cement reported that it remains more than eight times water positive, supported by ongoing investments in water conservation, groundwater recharge, and responsible water management initiatives across its operations.