Adani Green ranked first in Asia for ESG performance
Sustainability

Adani Green ranked first in Asia for ESG performance

ISS ESG places AGEL in ‘Prime’ B+ band for its high level of transparency

  • By ICN Bureau | June 16, 2023

Adani Green Energy Limited (AGEL), India’s largest renewable power producer and the renewable energy arm of the diversified Adani portfolio, has been ranked First in Asia and among the top 10 companies globally in the renewable energy sector by International Shareholder Services Inc. ISS ESG. 

AGEL has been placed in the ‘Prime’ (B+) band, recognizing its robust ESG disclosure practices and high level of transparency. This milestone takes AGEL a step closer to achieving its target of being rated among the top 10 ESG companies in the world in the electric utility sector by FY25. AGEL has already been ranked in the world’s top 10 companies in the Renewable Energy sector by Sustainalytics in FY23.

AGEL has the largest operating renewable portfolio in India with 8,216 MW. Its operations provide clear environmental benefits through its contribution to fighting climate change and by enabling transition to a more sustainable energy system. Relevant social and environmental risks are addressed through dedicated management systems.

“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, MD, 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.”  

Contributing to India’s renewable energy dreams, the company is on track to achieve its target of 45 GW renewable energy capacity by 2030.

  

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