Adani Inexperienced Power Restricted (AGEL), India’s largest renewable power producer, has been ranked first in Asia and among the many prime 10 corporations globally within the renewable power sector by ISS ESG. AGEL is a subsidiary of the diversified Adani Group.
ISS ESG is a number one world supplier of environmental, social, and governance (ESG) analysis and scores. ISS ESG’s rankings are based mostly on a complete evaluation of an organization’s ESG efficiency, together with its environmental influence, social accountability, and company governance.
AGEL has been positioned within the ‘Prime’ (B+) band, recognising its strong ESG disclosure practices and excessive degree of transparency.
This achievement brings AGEL one step nearer to its objective of being ranked among the many prime 10 ESG corporations on this planet within the electrical utility sector by FY25. In FY23, AGEL was already ranked among the many prime 10 corporations on this planet within the Renewable Power sector by Sustainalytics.
AGEL is India’s largest renewable power firm, with an working portfolio of 8,216 MW. Its operations present clear environmental advantages by lowering greenhouse fuel emissions and combating local weather change. AGEL additionally helps to transition to a extra sustainable power system by offering clear and renewable power to its clients. The corporate addresses related social and environmental dangers by way of devoted administration methods.
“At AGEL, there are 4 pillars to the ESG framework – guiding ideas, insurance policies, dedication and assurance – serving to the corporate align with UN International Compact, UN Sustainable Targets, India Enterprise and Biodiversity Initiatives, Inexperienced Bond Rules, and IFC’s E&S Efficiency,” stated Mr Vneet S Jaain, MD, Adani Inexperienced Power Ltd.
“Our insurance policies are aligned with these tips and ESG targets have been set retaining these insurance policies in thoughts. Our intention is to be among the many prime 10 corporations of the world within the ESG benchmarking of the electrical utility sector by FY25,” Mr Jaain added.
The ESG Company Score is a forward-looking evaluation of an organization’s ESG efficiency. It’s based mostly on a pool of about 700 customary and industry-specific indicators, from which ISS ESG selects roughly 100 indicators for every ranking. The ranking is designed to assist buyers determine corporations which might be well-positioned to handle ESG dangers and alternatives.
Adani Inexperienced is a renewable power firm that develops, builds, owns, operates, and maintains utility-scale grid-connected photo voltaic and wind initiatives. The electrical energy produced is equipped to central and state authorities entities, in addition to government-backed companies. Adani Inexperienced is on monitor to realize its goal of 45 GW of renewable power capability by 2030, which can contribute considerably to India’s renewable power targets.
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