How Did Adani Green Energy Achieve Top ESG Ratings in the Power Sector?

Mumbai, June 15 (NationPress) Adani Green Energy Limited (AGEL) has achieved the top position in the ESG (Environmental, Social, and Governance) ratings within the power generation, utilities, and transmission sector, according to NSE Sustainability Ratings & Analytics Ltd, a branch of the National Stock Exchange (NSE).

Moreover, AGEL is among the top five companies in ESG ratings evaluated from the top 100 listed firms by revenue on the NSE. The recently introduced ESG ratings for publicly traded companies by the NSE have garnered attention.

The rationale provided by the NSE for its ratings indicates that AGEL excels in all three areas: Environment, Social, and Governance. The company’s environmental strategies are seamlessly integrated with socially responsible practices and robust governance, showcasing a well-rounded approach to sustainability.

According to NSE Sustainability Ratings & Analytics Ltd, AGEL attained an impressive ESG score of 74, the highest in its sector, highlighting its commitment to sustainable practices and adherence to environmental, social, and governance standards.

In the governance category, AGEL scored 76, reflecting its strong governance frameworks, well-structured board, and ethical practices. Its advanced risk management approach underscores AGEL's dedication to transparency and accountability, as noted in the ratings.

Gautam Adani, Chairman of the Adani Group, emphasized AGEL's commitment to governance and sustainability in its FY25 annual report, remarking: "Our governance practices are of global excellence, with compliance frameworks that are stringent and non-negotiable."

The firm also achieved a notable social score of 73, illustrating its emphasis on employee health and safety, customer security, and community welfare initiatives. AGEL's responsible sourcing practices and effective supply chain management further solidify its status as a leader in socially responsible operations.

Evaluated on over 2,000 data points, NSE Sustainability Ratings & Analytics Ltd employs a transparent and materiality-based methodology that aligns with both national and international standards. AGEL's performance reflects its commitment to sustainability embedded in its strategy, culture, and values.

The NSE Sustainability Ratings & Analytics Ltd received official recognition from the Securities and Exchange Board of India (SEBI) as a Category 1 ESG Ratings provider on August 13, 2024.

AGEL has consistently earned accolades from global ESG rating organizations. It ranks No. 1 in Asia and is among the top five globally in the renewable energy sector within the highest ESG category, "Prime Band A-", achieving a Decile Rank of 1 from ISS ESG. Sustainalytics has placed AGEL in the Top 10 worldwide, while the S&P Global Corporate Sustainability Assessment 2023 awarded AGEL the 92nd percentile among 266 companies in the Electric Utility sector. For three consecutive years, CRISIL ESG Assessment has ranked AGEL first in the power sector, and FTSE Russell's ESG rankings positioned AGEL in the 93rd percentile globally within the Utilities Supersector, according to an AGEL statement.