Gautam AdaniImage Credit source: PTI
Adani Green Energy Limited has received a CareEdge-ESG 1+ rating from CareEdge-ESG Ratings Limited (CareEdge-ESG), with a score of 87.3. CareEdge-ESG is an ESG rating company registered with SEBI. With this score, AGEN tops all Indian companies assessed by CareAge-ESG. CareEdge-ESG said in a statement that this rating given to Adani Green Limited reflects the company’s strong commitment towards sustainable practices in the renewable energy sector. The company performed strongly in its ESG journey, particularly in climate change risk management, water management, waste management and biodiversity conservation. This rating reflects AGEL’s leadership in embedding sustainability throughout its operations, as a large utility-scale renewable energy developer.
CareEdge-ESG’s evaluation is based on a comprehensive assessment of environmental, social and governance (ESG) risks and opportunities. In this, companies are compared on the basis of many indicators and other industry peers. The assessment shows strong performance in climate risk management, water management, waste management, biodiversity conservation and governance practices. It is also supported by transparent disclosures and systematic monitoring mechanisms. The rating underlines AGEL’s systematic approach to managing environmental and social risks through sound policies, management systems and integration of ESG considerations across the enterprise.
the company will benefit
This recognition reflects a change within the Adani Group. The shift is aimed at incorporating sustainability into the group’s infrastructure-based portfolio, including renewable energy, ports, logistics and utilities. Incorporating ESG is increasingly shaping governance practices, risk management frameworks and long-term capital allocation in businesses. The CareEdge-ESG rating also enhances AGEL’s position among investors and lenders. This is especially important in a capital environment where sustainability performance is increasingly linked to access to funding. The rating is expected to strengthen the company’s ability to raise sustainable and transition-linked capital for large-scale renewable energy projects.
Adani Group CEO’s statement
Ashish Khanna, CEO, Adani Green Energy Limited, said that achieving the highest ESG score is a strong endorsement of Adani Green Energy’s commitment to embedding sustainability at scale. This recognition validates our disciplined approach to ESG governance, proactive management of climate risk and long-term value creation for all stakeholders. The company said certification in zero-waste-to-landfill, single-use plastic-free and net water-positive operations shows that large-scale renewable energy development can be both responsible and robust. The company further said that by combining positive community impact with advanced digitalization and cutting-edge technologies, it is strengthening its position as a global leader in the sustainable energy sector, while also making a meaningful contribution to the global energy transition.
What did the CEO of CareAge say?
Saikat Roy, CEO, CareEdge-ESG, commented that Adani Green Energy Limited’s ESG rating reflects the company’s strong commitment to embedding sustainability aspects in its renewable energy operations and long-term growth. He said AGEL’s performance reflects systematic management of environmental and social risks. Nikunj Dubey, Chief Rating Officer, CareEdge-ESG, commented that the ESG score of 87.3, compared to other industry peers, reflects a systematic and forward-looking approach towards incorporating ESG-related aspects into the company’s operations and governance. This approach is supported by the company’s established governance structure, environmental management practices and transparency in disclosures.
