ICRA Upgrades Vaibhav Global's ESG Rating to 75 (Strong)
Vaibhav Global Limited (VGL) has received a rating upgrade from ICRA ESG Ratings, which revised the company's 'Combined ESG Rating' to 75 (Strong), up from the previous rating of 74 (Strong). The rating adjustment follows ICRA ESG's review of VGL's recent developments.The enhancement reflects Vaibhav Global Limited’s ongoing commitment and progress across environmental, social, and governance initiatives. This includes increased focus on sustainability, responsible business practices, robust governance frameworks, and enhanced ESG disclosures.
Mr. Aswini Agarwal, Head of supply chain at Vaibhav Global Limited, commented on the recognition, stating that the upgrade reinforces VGL's dedication to its ongoing ESG trajectory. He emphasized that the shift to 75 continues the commitment toward sustainable growth while creating long-term value for all stakeholders.
Company Overview and Market Reach
Vaibhav Global Limited is an omni-channel E-tailer specializing in fashion jewellery, accessories, and lifestyle products across developed markets. The company accesses approximately 127 million households via its international TV home shopping networks.VGL operates through various platforms, including:
| Region | Primary Channel/Website |
|---|---|
| United States (US) | Shop LC; www.shoplc.com and https://mindfulsouls.com/ |
| United Kingdom (UK) | Shop TJC & Ideal World; www.tjc.co.uk and www.idealworld.tv/ |
| Germany | Shop LC; www.shoplc.de |
The company is committed to 'Delivering Joy' to all its stakeholders, driving consumer engagement through both television coverage and e-commerce websites.
Social Impact Through Meal Program
A significant part of VGL’s social commitment is the flagship midday meal program, 'Your Purchase Feeds…'. This initiative dictates that a meal is provided for every piece sold at the retail channels.Since the inception of the program, Vaibhav Global Limited has collectively provided over 103 million meals across its operations in the US, UK, Germany, and India. The company reports a current run rate of approximately 57,000 meals being donated each school day.
VAIBHAVGBL Stock Price Movement
Shares of Vaibhav Global Limited slipped by 0.37% on Friday to close at ₹226.05. The stock settled amidst a trading day that saw a total volume of 179,482 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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