JSW Energy, HUL, Godrej lead as BT India's Most Sustainable Manufacturing Companies

The first edition of BT India's Most Sustainable Companies - Summit & Awards 2025 was held on June 6 in New Delhi under the theme 'Charting India Inc's Sustainable Future'. The event brought together leaders from industry, government, finance, and sustainability to recognize corporate excellence in ESG compliance and responsible business practices. Union Environment Minister Bhupender Yadav delivered the keynote, while CareEdge ESG Ratings conducted a data-driven evaluation of the top 1,000 listed entities across 11 high-impact sectors. Winners were selected by a jury chaired by Rajnish Kumar, former SBI Chairman. Sectoral Excellence in Manufacturing awards went to: JSW Steel (Metals & Mining), JSW Energy (Power Generation), Shree Cement (Cement), Siemens (Heavy Electricals), Mahindra & Mahindra (Automobile OEMs), Hindustan Unilever (FMCG), and Godrej Properties (Real Estate).

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Nominees

Manufacturing

  • Metals & Mining: JSW Steel, Tata Steel, Hindustan Zinc
  • Power Generation: Adani Green, JSW Energy, Tata Power
  • Cement: UltraTech Cement, Shree Cement, ACC Limited
  • Heavy Electricals: Siemens, ABB India, Schneider Electric
  • Auto OEMs: Mahindra & Mahindra, Hero MotoCorp, TVS Motor Company
  • FMCG: ITC, HUL, Dabur
  • Realty: Mahindra Lifespaces, Godrej Properties, Macrotech Developers (Lodha)

BFSI

  • Small Finance Banks: ESAF, AU, Ujjivan
  • NBFCs*: Aavas Financiers, CreditAccess Grameen, Satin Creditcare
  • Upper Layer NBFCs: Shriram Finance, Mahindra & Mahindra Financial Services, Bajaj Finance
  • Banks: Axis Bank, ICICI Bank, Yes Bank
  • * Includes Microfinance Institutions and Housing Finance Companies

Overall

  • Best Disclosures & Transparency Leader of the Year: Mahindra & Mahindra, UltraTech Cement, Creditaccess Grameen
  • Climate Leadership Award: JSW Steel, Jindal Steel, Hindustan Petroleum
  • Transition Leader of the Year: JSW Energy, Hindustan Petroleum, JSW Steel
  • Special Jury Award in Sustainability Leadership: JSW Steel, Tata Steel, ITC

Winners

Manufacturing

  • Metals & Mining: JSW Steel
  • Power Generation: JSW Energy
  • Cement: Shree Cement
  • Heavy Electricals: Siemens
  • Auto OEMs: Mahindra & Mahindra
  • FMCG: HUL
  • Realty: Godrej Properties

BFSI

  • Small Finance Banks: ESAF
  • NBFCs*: CreditAccess Grameen
  • Upper Layer NBFCs: Shriram Finance
  • Banks: ICICI Bank
  • * Includes Microfinance Institutions and Housing Finance Companies

Overall

  • Best Disclosures & Transparency Leader of the Year: Mahindra & Mahindra
  • Climate Leadership Award: Hindustan Petroleum
  • Transition Leader of the Year: JSW Energy
  • Special Jury Award in Sustainability Leadership: Tata Steel

Jury

Rajnish Kumar
Rajnish Kumar
Former Chairman, SBI
Jury Chair
Deepali Pant
Deepali Pant
Former Executive Director, Reserve Bank of India
Vimal Bhandari
Vimal Bhandari
Chairman of the Board, HDFC Trustee Company Ltd
Mehul Pandya
Mehul Pandya
Managing Director & Group CEO, CareEdge Group
Kamran Khan
Kamran Khan
Managing Director & Head of ESG for Asia Pacific, Deutsche Bank Group
 Dr. K. Ravichandran
Dr. K. Ravichandran
Director, IIFM
Srinath Sridharan
Srinath Sridharan
Corporate Advisor

Methodology

The CareEdge-ESG Assessment Framework for the BT Awards uses a rigorous blend of quantitative data and qualitative insight to evaluate corporate sustainability. It assesses companies across 24 categories grouped under three core ESG themes-Environmental, Social, and Governance-with around 10 "Core" categories selected for their sectoral relevance. Scores for Key Indicators (KIs), sourced from Indian and international ESG standards, are calculated using both absolute (binary) and relative (benchmark-based) methods.

Each KI is assigned two types of weight: an activity weight that favors measurable outcomes over mere policy presence, and a materiality weight that reflects its impact within a specific industry. Core Category Scores are normalized and aggregated into Theme Scores, which are then weighted and scaled on a 0-100 range for cross-company comparability. Transition readiness and qualitative performance factors are also integrated, ensuring that final rankings reflect both ESG maturity and real-world sustainability impact.