Adani Green Energy Tops NSE ESG Ratings in Power Sector

Adani Green Energy Limited (AGEL) has received the highest ESG score in the power generation, utilities, and transmission sector, according to the latest data released by NSE Sustainability Ratings & Analytics Ltd. The company scored 74 and is also listed among the top five firms in the ESG ratings out of the top 100 NSE-listed companies by revenue.

Breakdown of ESG Ratings Across Adani Group

Other companies from the Adani Group also appeared in the ratings. Adani Ports and Special Economic Zone scored 69. Adani Energy Solutions received a score of 67. Adani Enterprises, listed in the minerals trading category, was rated at 63, the same as Adani Power.

Methodology and SEBI Approval

The ESG scores were released under a framework developed by NSE’s sustainability unit, which was granted Category 1 ESG Rating Provider status by SEBI in August 2024. The framework assesses companies based on over 2,000 data points and incorporates both global and Indian ESG standards.

Governance and Social Scores for AGEL

According to NSE’s rationale, AGEL demonstrated balanced performance across environmental, social, and governance categories. It scored 76 in governance and 73 in social indicators. The social score reflects focus areas such as employee safety, customer security, and community-related efforts. The governance score is based on corporate structure, compliance, and risk practices.

Read More: Adani Group Set for Major Expansion with $100 Billion Capex!

Renewable Capacity and Energy Projects

AGEL has reached over 14 GW in operational renewable energy capacity. It is also working on a 30 GW renewable energy park in Khavda, Gujarat. By 2030, the company plans to expand to 50 GW of renewable capacity. In addition, AGEL has a 1,250 MW energy storage power purchase agreement with UPPCL and plans to install 5,000 MW of pumped hydro storage by the same timeline.

Adani Green Energy Share Price Performance 

As of 10:03 AM on June 16, Adani Green Energy share price was trading at ₹972.00, down 1.77%, with the stock falling 16.78% over the past six months and 46.42% over the past year.

Conclusion

The data places AGEL at the top of its sector in terms of ESG performance, with other group entities also appearing in the ratings across different industries. The assessment reflects publicly disclosed operational and compliance data as reviewed by the NSE’s sustainability unit.

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