Century Plyboards (India) Limited has informed the Exchange about Credit Rating
CENTURYPLY · price
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Century Plyboards has been assigned an ESG rating of 72.5 by SES ESG Research Pvt. Ltd., a SEBI-registered ESG rating provider, based on publicly available information for FY 2024-25. This places the company in the 'Medium' risk category with a grade of B+ (scores between 70-80). The rating marks an improvement of 4.5 points from its previous score of 68.0 in FY 2024. Importantly, the company clarifies that it did not engage SES for this rating — SES independently prepared the assessment using public domain data. Highlights from the report include 79.57% renewable energy share, Zero Liquid Discharge across all facilities, zero fatalities in FY 2024-25, and 100% workforce training on human rights. Areas of concern noted include low women representation (4.11%), 128 wage-related complaints, increased SOx and particulate matter emissions, and absence of Scope 3 emissions disclosure.
This is a neutral-to-positive disclosure — the improved ESG score reflects better environmental and social performance year-on-year, which may appeal to ESG-focused investors. However, since the rating was unsolicited and is in the 'Medium' category, it is unlikely to drive significant short-term stock price movement. Investors should note the governance concerns raised, including low board meeting attendance by a director and identical promoter remuneration over 5 years.