Kansai Nerolac Paints ranks first in overall ESG performance and is the only Paint company in the ‘Leadership’ category. The company is one of only 14 companies to receive the ‘Leadership’ designation based on its ESG initiatives.
Kansai Nerolac Paints Ltd. (KNPL) has been featured in the CRISIL Sustainability Yearbook 2022’s ‘Leadership’ category in recognition of its unwavering dedication to sustainability and the environment. The company is one of just 14 in this category for its environmental, social, and governance (ESG) initiatives. Furthermore, among paint and manufacturing firms, Kansai Nerolac Paints Ltd. gets the highest ESG score. This award reaffirms the company’s dedication to preserving a beautiful and healthy environment for future generations.
The CRISIL Sustainability Yearbook is one of the most comprehensive annual publications on Indian firms, based on CRISIL’s own ESG methodology. The Yearbook covers the latest global and domestic developments in the ESG space, as well as the incorporation of climate risks by global financial institutions, de-carbonization of hard-to-abate sectors in India, the implications of transitioning from BRR to BRSR for Indian companies, and showcases insights on ESG trends based on the scores and data of Indian companies, by analyzing over 575 companies across 53 sectors in India based on fiscal data from 2021.
Mr. Anuj Jain, Kansai Nerolac Paints Ltd. Managing Director
Mr. Anuj Jain, Managing Director of Kansai Nerolac Paints Ltd., commented on the achievement, saying,
“We are elated to be placed in the ‘Leadership’ position in the CRISIL Sustainability Yearbook 2022. This report is a testament to our commitment towards sustainability. At Nerolac, sustainability is at the forefront of all our operations to deliver value to our stakeholders. ESG continues to remain a priority and that has helped us create a positive impact on our communities and the environment. We will continue increasing our ESG efforts as we focus on growing our business sustainably. We are proud to have set a benchmark in this space for our ESG practices and we are thankful to CRISIL for this recognition.
“With sustainability as a key focus area, Nerolac works towards de-carbonisation, resource use, quality of life, diversity and governance as key materiality areas. The brand offers healthy paint solutions which are not merely colour but care for family and society through product interventions, with pioneering steps such as low VOC (volatile organic compounds), fungal resistant and anti-bacterial paints, making paints lead free etc. in vibrant colours.
The ‘Paint+’ offering from Nerolac, which is powered by Japanese technology, demonstrates the company’s technological acumen in developing intelligent paint solutions that not only improve the beauty of a home but also deliver additional benefits that make its customers’ lives easier.
In the Corporate Sustainability Assessment 2021, Kansai Nerolac Paints was also ranked in the Top Quartile of S&P ESG Indices (Chemical Industry Space).
Kansai Nerolac Paints Limited is a company based in Kansai, Japan.
Kansai Nerolac Paints is one of India’s largest paint firms and the market leader in the industrial area, with a history dating back over 100 years. Kansai Nerolac is a wholly owned subsidiary of Kansai Paint Co. Ltd., Japan, which is ranked among the Top 10 companies in the world. Kansai Nerolac produces a wide range of products, from decorative paint coatings for homes, offices, hospitals, and hotels to sophisticated industrial coatings for industries. With names including Excel, Suraksha, Impressions, and others, Kansai Nerolac has established itself as a leader in product innovation, with initiatives such as no added lead, low VOC, and HD finishes. Environmental sensitivity is promoted through the company’s product selection and customer awareness efforts.