Adani Green Energy ranks highest in NSE's ESG power sector benchmark
Ahmedabad (Gujarat) [India], June 15 (ANI): Adani Green Energy Ltd (AGEL) has been ranked first in the ESG (Environmental, Social, and Governance) ratings in utilities/ power sector by NSE Sustainability Ratings and Analytics Ltd, an entity of the National Stock Exchange (NSE), the Adani Group Company said in a statement.
Additionally, AGEL is among the top 5 entities in ESG ratings assessed from the top 100 listed companies by revenue across the National Stock Exchange (NSE).
NSE recently launched its ESG ratings for listed companies.
NSE's Rating rationale states 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.
According to NSE Sustainability Ratings and Analytics Ltd, AGEL received an impressive ESG score of 74, the highest within the utilities and power sector.
'This underscores AGEL's commitment to sustainable practices and its continuous efforts to uphold environmental, social, and governance standards,' AGEL statement read.
'AGEL excelled in governance with a score of 76, reflecting the company's robust governance practices, well-organized board structure, and ethical conduct. Its mature approach to risk management further highlights AGEL's commitment to transparency and accountability.'
Gautam Adani, Chairman of the Adani Group, highlighted AGEL's dedication to governance and sustainability, in its 2024-25 Annual report stating, 'Our governance is of global standards, and our compliance frameworks are robust and non-negotiable.'
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.
'AGEL's responsible sourcing and efficient supply chain management further reinforced its position as a leader in socially responsible practices,' AGEL statement read.
NSE Sustainability Ratings and Analytics Ltd evaluates companies based on over 2,000 data points, providing a transparent and materiality-based methodology aligned with national and international standards.
The Securities and Exchange Board of India (SEBI) officially approved NSE Sustainability Ratings and Analytics Ltd as a Category 1 ESG Ratings provider on August 13, 2024.
Besides, AGEL has also consistently garnered recognition from global ESG rating agencies.
According to the AGEL statement, it ranks No. 1 in Asia and among the Top 5 globally in the renewable energy sector in the highest ESG category, 'Prime Band A-,' with a Decile Rank 1 by ISS ESG.
Sustainalytics has ranked AGEL among the Top 10 globally, while the S&P Global Corporate Sustainability Assessment 2023 placed AGEL in the 92nd percentile among 266 companies globally within the Electric Utility sector.
CRISIL ESG Assessment has consecutively ranked AGEL first in the power sector for three years, and FTSE Russell's ESG rankings placed AGEL in the 93rd percentile globally in the Utilities Supersector. (ANI)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
Can equities sustain their rebound amidst ongoing Middle East conflict?
Mumbai: Indian equities rebounded on Monday after two straight days of losses, mirroring gains in other Asian markets, which shrugged off worries about the ongoing Iran-Israel conflict and higher oil prices. NSE's Nifty rose 227.9 points, or 0.9%, to close at 24,946. BSE's Sensex rose 677.5 points, or 0.8%, to end at 81,796. Both indices fell 1.7% in the previous two trading sessions after tensions in the Middle East escalated after Israel had launched unprecedented strikes on Iran, sending global oil prices soaring. Elsewhere in Asia, Japan was up 1.3%, China advanced 0.35%, Hong Kong rose 0.7%, and South Korea gained 1.8%. Taiwan dropped 0.1%. Agencies "Global markets have brushed aside their concerns about the Iran-Israel conflict for now because the US is expected to step in in the next couple of days and help negotiate through the conflict," said Aamar Deo Singh, senior vice president of research, Angel One. "India is not very heavily dependent on Iran for its crude oil imports, and Brent crude prices also came off on Monday, which is providing more comfort to traders." Brent Crude August futures declined 1.2% to $73.3 per barrel on Monday evening after hitting as much as $76 earlier in the day. Live Events The Volatility Index or VIX-the market's fear gauge-fell by 1.6% to 14.8 levels on Monday, indicating easing risk sentiment. "With Iran showing limited capacity to escalate the conflict further, the situation has become more one-sided, and some degree of de-escalation is now expected, which has brought a sense of optimism back to the street," said Pranay Aggarwal, director and CEO of Stoxkart. The Nifty Midcap 150 gained 0.75% and the Nifty Small-cap 250 rose 0.5% at close.
India Gazette
7 hours ago
- India Gazette
NSE IX signs MoU with Cyprus Stock Exchange to enhance bilateral capital market collaboration
ANI 16 Jun 2025, 19:51 GMT+10 New Delhi [India], June 16 (ANI): The NSE International Exchange and Cyprus Stock Exchange signed a strategic Memorandum of Understanding (MoU) with an aim to enable Cross and Dual Listings and to enhance bilateral Capital Market MoU was signed during Prime Minister Narendra Modi's visit to Cyprus and in presence of Nikos Christodoulides, President of the Republic of Cyprus, during the roundtable event 'Advancing a Strategic Economic Partnership' in Limassol, the event, PM Modi remarked, 'I am pleased to know that the Cyprus Stock Exchange and NSE have agreed to collaborate in Gujarat's GIFT City.''This strategic partnership underscores growing interest in connecting Indian and European capital markets via GIFT City and reinforces India's ambition to position GIFT City as a leading global financial hub,' NSE said in a release. According to NSE, this Mou lays foundation for multi-faceted cooperation between NSE IX and CSE, which will focus on various aspects such as cross and dual listings of financial instruments, Joint development of innovative financial products, Knowledge and research collaboration, Capacity building and training initiatives and Fintech engagement and outreach programs.'It (MoU) opens doors for outreach programs and future engagements in other areas of mutual interest. This partnership marks a new chapter in India-Cyprus financial cooperation, involving India's GIFT City as an international financial services center and promoting capital market innovation and global investor access for both countries,' Ashishkumar Chauhan, MD & CEO, V. Balasubramaniam, MD & CEO, NSE International Exchange said 'NSE IX's collaboration with the Cyprus Stock Exchange is a strategic step towards building robust cross-border market infrastructure. With our shared vision of enhancing international financial connectivity, this MoU will drive long-term value for investors and institutions across Europe and India.' (ANI)
&w=3840&q=100)
Business Standard
10 hours ago
- Business Standard
Reliance Industries sells 8.5 mn shares of Asian Paints for ₹1,876 cr
Billionaire Mukesh Ambani-led Reliance Industries on Monday sold 85 lakh shares of Asian Paints for Rs 1,876 crore through an open market transaction. The share sale came days after Reliance Industries offloaded 3.50 crore equity shares or 3.64 per cent stake in Mumbai-based Asian Paints on Thursday. According to the block deal data on the National Stock Exchange (NSE), Reliance Industries through its affiliate Siddhant Commercials Pvt Ltd disposed of 85 lakh shares, representing a 0.88 per cent stake in Asian Paints. The shares were sold at an average price of Rs 2,207 apiece, taking the transaction value to Rs 1,875.95 crore. Meanwhile, ICICI Prudential Mutual Fund (MF) bought these shares at the same price. With the acquisition of shares, ICICI Prudential MF's holding in Asian Paints rose to 2.12 per cent from 1.24 per cent. Shares of Asian Paints increased 1.21 per cent to close at Rs 2,241 apiece on the NSE. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
