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Zomato, India's leading online food ordering and delivery platform, has announced its inclusion in the FTSE4Good Index Series, recognising its commitment to strong Environmental, Social, and Governance (ESG) practices. Created by FTSE Russell, the FTSE4Good Index Series is designed to highlight companies that excel in these areas, and is used by investors to assess responsible investment opportunities.
The FTSE Russell evaluation criteria include key performance areas such as Corporate Governance, Health & Safety, Anti-Corruption, and Climate Change. Zomato's inclusion in the index follows its strong performance in these categories, with the company achieving a 1st place ranking in the technology sub-sector (internet) for ESG rating, scoring 3.7 out of 5. Zomato particularly stood out in the areas of social impact, with a score of 4, and governance, scoring a perfect 5. The company also exceeded industry averages in several key aspects, including climate change, water security, human rights, labor standards, anti-corruption, and corporate governance.
Anjalli Ravi Kumar, Chief Sustainability Officer at Zomato, commented on the recognition: "It is a matter of considerable pride for all of us at Zomato to be included in the FTSE4Good global index. Our inclusion signifies the quality of our efforts to mitigate our environmental impacts and safeguard the interests of all our stakeholders. We have consistently upheld the notion that a focus on sustainability is inherently linked with growth and profitability; this philosophy directs our teams toward our mission of providing ‘better food for more people."
In January 2024, Zomato unveiled its ambitious sustainability goals for 2030, which focus on eight key themes aligned with the company’s “better food for more people” vision. These goals aim to tackle pressing issues such as climate change, food waste, and social equity. Key targets include achieving net-zero emissions across the food delivery value chain by 2033, supporting the growth of 300,000 restaurant businesses, empowering 1 million gig workers, and providing 300 million nutritious meals to underprivileged communities. Zomato remains dedicated to its sustainable future, placing environmental responsibility, social impact, and ethical business practices at the core of its operations.
