Ahmedabad, September 7 (IANS). Adani Power Limited (APL), the country's largest private thermal power generating company, said on Monday that its environmental, social and good governance (ESG) performance has registered improvement. The company's ESG score has increased to 66, which was 65 in the previous assessment. With this, the company has maintained its leading position compared to the major companies in the Indian thermal power, mixed fuel and integrated energy sectors.
The company has once again been placed in the 'Aspiring' category in the latest NSE Sustainability assessment.
NSE Sustainability, a SEBI-registered ESG rating provider and subsidiary of NSE Indices, rates the environmental, social and governance performance of listed companies.
According to Adani Power, this improvement is a result of sustainability-based initiatives and efforts to increase operational efficiency. The company said it has increased the use of low-emission plants with ultra-supercritical technology. Along with this, continuous emissions monitoring systems, energy efficiency programmes, water conservation measures and waste management initiatives have also been strengthened.
In the social sector the company has run several programs focused on education, health and skill development. These include scholarships for economically weaker students, health camps and livelihood promotion projects for local communities. The company says that these initiatives are aimed at improving the quality of life of the communities around its operating areas.
NSE Sustainability annually evaluates 500 listed companies in India and provides investors and other stakeholders with an independent assessment of companies' long-term value creation potential and ESG performance.
On the good governance front, Adani Power claimed that the representation of independent directors on its various board committees exceeds regulatory requirements.
The company has also mandated suppliers and contractors in its supply chain to adopt ESG standards to promote responsible business practices across the entire business ecosystem.
The company has also received several other global and domestic sustainability ratings in recent years. Adani Power received a score of 71 out of 100 in the S&P Global Corporate Sustainability Assessment, while FTSE Russell has given it a rating of 4.3 out of 5.
Additionally, CareEdge ESG Ratings has given the company a score of 80 out of 100 for FY 2025-26. Based on this score, the company is placed in the agency's 'Leadership' category, which is considered above the industry average.
Adani Power says these ratings reflect its continued commitment to embedding sustainability principles in its business and long-term growth strategy.
In the stock market on Monday, Adani Power shares closed at Rs 204.40 on NSE.
–IANS
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