Adani Green Energy Ltd (AGEL), India’s largest renewable power producer and the renewable energy arm of the diversified Adani Group, has been ranked first in Asia and among the top 10 companies globally in the renewable energy sector by International Shareholder Services ISS ESG.
AGEL has been placed in the ‘Prime’ (B+) band, recognizing its robust ESG disclosure practices and high level of transparency.
“At AGEL, there are four pillars to the ESG framework – guiding principles, policies, commitment, and assurance – helping the company align with UN Global Compact, UN Sustainable Goals, India Business and Biodiversity Initiatives, Green Bond Principles, and IFC’s E&S Performance,” said Vneet S Jaain, managing director, Adani Green Energy Ltd. “Our policies are aligned with these guidelines and ESG targets have been set keeping these policies in mind. Our aim is to be among the top 10 companies of the world in the ESG benchmarking of the electric utility sector by FY25.”
The ESG Corporate Rating provides relevant and forward-looking ESG and performance assessments. Drawing on an overall pool of about 700 standard and industry-specific indicators, ISS ESG applies around 100 environmental, social, and governance-related indicators for each of the ratings.
AGEL develops, builds, owns, operates, and maintains utility-scale grid-connected solar and wind farm projects. It has the largest operating renewable portfolio in India with 8,216 MW and one of the largest renewable portfolios globally with an overall portfolio of 20.4 GW including operating, under-construction, and awarded projects. The company is on track to achieve its target of 45 GW of renewable energy capacity by 2030.
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