On Wednesday, Motherson Sumi Systems Ltd (MSSL) announced that it has joined the United Nations Global Compact, a strategic project that assists businesses in developing, implementing, and disclosing responsible business practices.
This, according to the specialized automotive component manufacturing company, strengthens its long-term commitment to an ESG program, allowing it to be a company that employees, customers, communities, and investors are happy to be a part of.
Chairman Vivek Chaand Sehgal said that sets new standards in good corporate citizenship has been part of the company’s mission since 1995. he said in a statement that “Motherson is proud to join the UN Global Compact. As a signatory, we will be integrating principles of the Compact into our business practices with the objective of creating a sustainable and equitable world that we all want”.
Companies must match their culture, plans, and operations with the UN Global Compact’s ten key principles in the areas of human rights, labor standards, the environment, and anti-corruption.
MSSL will participate in collaborative projects that benefit the broader development of the issues addressed by the United Nations Sustainable Development Goals as part of this commitment.
The Motherson Group is a multinational manufacturing conglomerate that is one of the world’s largest and fastest-growing automotive suppliers. With a staff of over 1.5 lakh professionals, it supports consumers from over 270 locations in 41 countries.
In 2020-21, the company generated $9.8 billion in revenue and is placed 21st among the world’s major automotive suppliers.