Shree Cement Advances Sustainability Leadership with Improved CareEdge ESG Score
Kolkata, May 29, 2026: Shree Cement Limited, one of India’s leading cement producers, has recorded a significant advancement in its sustainability profile, achieving a CareEdge ESG Rating score of 73.8, up from 70.8 in its previous assessment. The company has also retained its premier CareEdge ESG 1 rating, which recognizes its exceptional performance across environmental, social, and governance parameters. This enhanced rating highlights the manufacturer’s successful integration of sustainable practices into its core operational and strategic decision-making framework, the company said in a press statement.
The revised assessment marks substantial progress across critical areas, including renewable energy adoption, resource efficiency, alternative fuel usage, water stewardship, waste management, workplace safety, and corporate governance. As a prominent member of the global RE100 initiative, Shree Cement has committed to transitioning to 100% renewable electricity by 2050. The company has already surpassed 60% renewable energy consumption across its nationwide operations, securing one of the highest levels of green power utilization within the Indian cement industry.
To achieve these benchmarks, the company has ramped up its capital investments into modern Waste Heat Recovery Systems (WHRS), increased its usage of Alternative Fuels and Raw Materials (AFR), and deployed advanced energy-efficient manufacturing technologies. These measures have directly minimized the company’s carbon intensity while optimizing resource utilization. Furthermore, the company has strengthened its water conservation and groundwater recharge initiatives, allowing it to maintain a status that is more than eight times water positive.
Commenting on the achievement, Neeraj Akhoury, Managing Director, Shree Cement Limited, said: “Sustainability is increasingly becoming a core business imperative for the manufacturing sector. This assessment reflects the discipline, consistency, and long-term approach with which we are pursuing our environmental and governance priorities. As we continue to grow, our focus remains on improving resource efficiency, reducing our environmental footprint, and building resilient operations that create enduring value for all stakeholders.”
