Lupin Debuts in Dow Jones Best-in-Class Indices 2026
Lupin Limited debuted in the Dow Jones Best-in-Class (DJBIC) Indices 2026, featuring in both the World and Emerging Markets indices based on its strong ESG performance. This inclusion follows the company's ranking among the top 1% globally in the S&P Global Corporate Sustainability Assessment (CSA) 2025, where it achieved an industry-leading score of 91/100. The indices track the top 10% of the largest companies in the S&P Global Broad Market Index by sustainability performance.

*this image is generated using AI for illustrative purposes only.
Lupin Limited has made its debut in the Dow Jones Best-in-Class (DJBIC) Indices 2026, becoming a first-time entrant in both the DJBIC World Index and the DJBIC Emerging Markets Index. The announcement was made on May 19, 2026. The DJBIC World Index ranks top-performing companies globally by strong ESG performance, while the DJBIC Emerging Markets Index highlights sustainability leaders across emerging economies.
Recognition Across Two Prestigious ESG Indices
Lupin's inclusion spans two distinct indices under the Dow Jones Best-in-Class framework. The following table outlines the key parameters of each index:
| Index: | Details |
|---|---|
| DJBIC World Index: | Tracks the top 10% of the 2,500 largest companies in the S&P Global Broad Market Index by sustainability performance |
| DJBIC Emerging Markets Index: | Tracks the top 10% of the 800 largest Emerging Markets companies in the S&P Global Broad Market Index by sustainability performance |
| Index Methodology: | Float-adjusted market capitalisation (FMC) weighted; selection based on S&P Global CSA Scores using a best-in-class approach |
| Previous Index Name: | Formerly known as DJSI (Dow Jones Sustainability Indices) |
S&P Global CSA 2025 Score Underpins Inclusion
Lupin's entry into these indices is backed by its performance in the S&P Global Corporate Sustainability Assessment (CSA) 2025, where the company was ranked among the top 1% globally in its industry, achieving an industry-leading score of 91/100. The Dow Jones Best-in-Class Indices select constituents based on leading S&P Global CSA scores, making this prior assessment a direct basis for the current recognition.
Key highlights of Lupin's ESG credentials include:
- Ranked among the top 1% globally in the S&P Global CSA 2025
- Achieved an industry-leading score of 91/100 in the CSA
- First-time inclusion in both the DJBIC World and DJBIC Emerging Markets Indices
- Recognised for performance across Environmental, Social, and Governance (ESG) parameters
Leadership Commentary
Commenting on the development, Ramesh Swaminathan, Executive Director, Global CFO, Head of IT and API Plus SBU, Lupin, stated: "Lupin's inclusion in the Dow Jones Best-in-Class Indices reflects the strength of our governance framework and financial discipline and marks a meaningful advancement in our sustainability journey. This recognition reinforces our long-term value creation agenda—anchored in responsible growth, resilient performance, and our continued commitment to delivering affordable, high-quality medicines to patients worldwide."
Sustainability Commitments Driving the Recognition
Lupin's sustainability agenda encompasses a broad range of initiatives that contributed to its ESG standing. The company's efforts span the following areas:
- Science-based targets for environmental performance
- Environmental stewardship practices
- Quality and safety standards across operations
- Inclusive workplace practices
- Responsible supply chain management
Lupin is a global pharmaceutical company headquartered in Mumbai, India, with products distributed in over 100 markets. The company operates 15 state-of-the-art manufacturing sites and 7 research centers globally, supported by a workforce of over 24,000 professionals. Its portfolio spans branded and generic formulations, complex generics, biotechnology products, and active pharmaceutical ingredients across therapy areas including respiratory, cardiovascular, anti-diabetic, anti-infective, gastrointestinal, central nervous system, and women's health.
Historical Stock Returns for Lupin
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.30% | +2.17% | -1.37% | +13.27% | +13.04% | +90.10% |
How might Lupin's inclusion in the DJBIC indices influence its ability to attract ESG-focused institutional investors and impact its stock valuation over the next 12-24 months?
Which other Indian pharmaceutical companies are likely to challenge Lupin's top 1% CSA ranking in the 2026 assessment cycle, and what competitive ESG pressures could emerge?
Could Lupin's strong ESG credentials provide a regulatory or market access advantage as governments in key markets like the US and EU increasingly tie procurement decisions to sustainability performance?


































