ZEE Entertainment Enterprises Ltd. (ZEE) has earned an ESG score of 44 in the latest S&P Global Corporate Sustainability Assessment (CSA). From what is understood, this score places the company significantly ahead of the industry average of 20 and within the top 10% of global media and entertainment firms. ZEE also recorded a 16-point increase from the previous year, ranking in the 93rd percentile in the Media, Movies and Entertainment category.
The company’s performance reflects its engagement in key ESG areas, including Transparency & Reporting, where it ranked in the 100th percentile. ZEE also scored above the 90th percentile in Business Ethics, Cybersecurity, System Availability, Water Management, Labor Practices, Human Rights, and Customer Relations. According to the company, ZEE’s ESG evaluation was conducted through an analysis of corporate disclosures, stakeholder engagement, media coverage, and data modelling. The assessment highlights the company’s approach to addressing ESG risks and opportunities.
“At ZEE, we believe in staying ahead of the curve by consistently delivering industry-beating performance across all aspects. The high ESG score achieved by the Company in the renowned S&P Global assessment is yet another firm testament to our commitment of implementing the best practices in the environmental, social and governance domains. As a responsible corporate citizen, sustainable growth remains key to driving long-term success and our efforts remain focused towards enhancing environmental sustainability, promoting social equity and maintaining strong governance frameworks. As we take concerted steps to achieve our targeted aspirations, prioritising key initiatives in the realm of ESG is a core focus area, ensuring that ZEE continues to deliver industry-leading performance in entertainment as well as corporate responsibility,” Punit Goenka, chief executive officer, ZEE Entertainment Enterprises Ltd. said.
Moving forward, ZEE plans to continue developing its ESG framework and aligning its operations with sustainability standards. The company aims to enhance its environmental, social, and governance practices while maintaining transparency and accountability in its business activities.
ZEE’s ESG performance reflects broader industry trends towards increased corporate responsibility and sustainability measures in the media and entertainment sector.
