Adani Power Achieves Leadership Status in ESG Ratings by CareEdge
Synopsis
Key Takeaways
New Delhi, March 24 (NationPress) The rating agency CareEdge has awarded Adani Power an impressive ESG rating of 80.0, categorizing it in the Leadership tier. This recognition comes even as the company operates within the carbon-heavy thermal power sector, as reported on Tuesday.
As India's foremost private power producer, Adani Power has notably outperformed industry standards on the environmental aspect, which holds the greatest significance for the energy sector.
With an environmental score of 75.6, Adani Power surpassed the industry median of 50.2, thanks to its efforts in reducing emissions intensity, cutting down auxiliary power consumption, and enhancing energy efficiency throughout its operations.
More than 60% of Adani Power’s total installed capacity utilizes supercritical and ultra supercritical technologies, which promote higher thermal efficiency and reduce coal usage per unit of electricity produced.
According to CareEdge, while Adani Power's total emissions rose in FY25 due to expansion, emissions intensity saw a 1% year-on-year drop, remaining below the sector's average.
“Scope 2 emissions have been minimal, significantly decreasing due to the company’s reliance on captive generation and the incorporation of rooftop solar systems for auxiliary and administrative power needs,” the report stated.
Adani Power's decarbonization plan is strategically aligned with a phased approach aiming for net zero emissions by 2070, in accordance with India's Nationally Determined Contributions and the Paris Agreement.
In the immediate future, the company is prioritizing efficiency-driven enhancements, while its medium and long-term goals encompass alternative fuels, energy storage solutions, and cutting-edge technologies like green hydrogen and carbon capture.
The social pillar score stands at 81.6, showcasing strengths in areas such as occupational health and safety, community involvement, and employee welfare.
Adani Power’s CSR initiatives have positively impacted over 1.23 million individuals, covering sectors like healthcare, education, livelihoods, and infrastructure, all supported by a well-structured grievance resolution system with full closure of reported issues, as noted.
On governance matters, Adani Power achieved a score of 85.8, attributed to its robust compliance framework and effective board supervision.
Currently, Adani Power operates with a generation capacity of 18.15 GW, which is set to increase to 23.72 GW by 2032 through a substantial $22 billion capital expenditure program, marking the largest private sector investment in the industry in India.