Adani Green Energy Limited (AGEL) has achieved a significant milestone by ranking number one in ESG (Environmental, Social, and Governance) ratings for the power, utilities, and transmission sector, according to NSE Sustainability Ratings & Analytics Ltd. The company’s impressive ESG score of 74 is the highest in its sector, showcasing its strong sustainability credentials. AGEL’s exceptional performance across all three ESG pillars, including governance, social, and environmental aspects, has earned it a spot among the top five ESG-rated companies from the top 100 NSE-listed firms by revenue.
The NSE’s ESG ratings are based on transparent and materiality-driven methodologies aligned with national and international sustainability standards. The assessment system evaluates over 2,000 data points per company, ensuring depth and accuracy. AGEL’s governance strength is reflected in its score of 76, highlighting its robust board practices, ethical business conduct, and effective risk management. The company’s social score of 73 demonstrates its dedication to employee well-being, customer safety, and community engagement.
AGEL’s leadership in ESG is not limited to national rankings. The company has earned top honors from multiple international ESG rating agencies, including ISS ESG, Sustainalytics, S&P Global, CRISIL, and FTSE Russell. It ranks number one in Asia and among the top five globally in the renewable energy sector under the ISS ESG’s highest ‘Prime Band A-‘ rating. Sustainalytics places AGEL among the top 10 globally, while S&P Global’s 2023 Corporate Sustainability Assessment ranks the company in the 92nd percentile among 266 electric utility firms worldwide.
The company’s remarkable performance reaffirms its mission-driven strategy, sustainable values, and its growing stature as a global leader in green energy. Chairman Gautam Adani has reaffirmed the company’s commitment to governance, stating that “our governance is of global standards, and our compliance frameworks are robust and non-negotiable.” AGEL’s ESG leadership is a testament to its dedication to transparency, compliance, and sustainability, and its rankings are a reflection of its efforts to prioritize environmental, social, and governance considerations in its business operations.