Adani Green Energy Limited (AGEL), India’s largest renewable energy producer, has been recognised as the top performer in Environmental, Social, and Governance (ESG) criteria within the power generation sector. This distinction was awarded by the National Stock Exchange’s Sustainability Ratings & Analytics Ltd (NSE SRAL), underscoring AGEL’s commitment to sustainable and ethical business practices.
AGEL achieved an ESG score of 74, the highest in its sector, reflecting its dedication to environmentally responsible operations, social accountability, and corporate governance excellence. The company also ranks among the top 5 ESG performers across the top 100 listed companies by revenue on the NSE. Notably, AGEL scored 76 in governance, highlighting robust leadership structures, transparency, and ethical conduct. Its social score of 73 emphasises employee health and safety, customer well-being, and community development initiatives.
Beyond the national recognition, AGEL has garnered international accolades for its ESG performance:
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ISS ESG: Ranked #1 in Asia and among the top 5 globally in the renewable energy sector, with a ‘Prime’ B+ rating.
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Sustainalytics: Listed in the Top 10 globally in the renewable energy sector.
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S&P Global: Placed in the 92nd percentile in the Electric Utility sector.
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CRISIL ESG: Ranked 1st in the power sector for three consecutive years.
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FTSE Russell: Positioned in the 93rd percentile globally in the Utilities Supersector.
Commitment to Sustainability
AGEL’s dedication to sustainability is evident in its operational practices and achievements:
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Avoided 36.7 million tonnes of CO₂ cumulatively up to FY 2022-23.
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Achieved 99.8% less emission intensity per unit of generation compared to the Indian grid average.
Maintained 100% workforce engagement in health and safety awareness programmes.
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Ensured 100% of operating capacity is single-use plastic-free and zero waste to landfill certified.
Gautam Adani, Chairman of the Adani Group, emphasised the group’s commitment to global standards in corporate governance. In AGEL’s FY25 annual report, he stated:
“Our governance is of global standards, and our compliance frameworks are robust and non-negotiable.”
The NSE SRAL, which awarded AGEL’s ESG ranking, was officially approved as a Category 1 ESG Rating Provider by the Securities and Exchange Board of India (SEBI) on August 13, 2024. The rating framework evaluates over 2,000 data points based on global and national ESG standards.
Adani Green Energy Limited’s top ESG ranking reaffirms its position as a global leader in sustainable energy. The company’s consistent commitment to clean energy, ethical governance, and social responsibility continues to earn widespread recognition and trust.
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