(FE)
Adani Green Energy scored highly on the ESG ratings released by the National Stock Exchange this month — ranking first in the utilities/power sector. The company was also among the top five entities in the ratings assessed from the top 100 listed companies by revenue across the NSE. Data shared on the stock exchange website indicated an ESG rating of 74 for the company founded by Gautam Adani.
“Our governance is of global standards, and our compliance frameworks are robust and non-negotiable,” the Adani Group chairman had noted in the company’s FY25 annual report.
Details uploaded onto the NSE website at the beginning of June also indicated an ESG rating of 63 for Adani Enterprises in the trading (minerals) industry while Adani Ports and Special Economic Zone Ltd scored 69. Adani Power had a rating of 63 and Adani Energy Solutions scored 67 on the ESG index.
According to the NSE Rating Rationale, AGEL performed well across environment, social and governance parameters. Environmental initiatives are well-integrated, supported by socially responsible practices and effective governance. It demonstrates a mature sustainability approach. The company also earned a high social score of 73 — demonstrating its focus on health and safety measures for employees, customer safety, and community welfare initiatives.
“Adani Green reached an operational renewable energy capacity of over 14 GW and is on target to build the world’s largest renewable energy plant of 30 GW at Khavda and a total of 50 GW of renewables capacity by 2030. Also, with over 5,000 MW of pumped hydro storage targeted to be installed by 2030 and a 40-year 1,250 MW energy storage PPA with UPPCL, we are setting global benchmarks in the space of energy transition,” Gautam Adani was quoted as saying in the Integrated Annual Report for 2024-25.
