Ahmedabad, November 17, 2023: Adani Energy Solutions Limited (AESL), part of the Adani portfolio, the largest private transmission and distribution company in India, ranked in the Global Top 40 of the Electric Utility Industry, according to the July-September 2023 quarter (Q2FY24) ESG performance ratings done by various third-party firms.
CSRHub, a leading global ESG performance rating agency, awarded AESL a score of 86%, surpassing the Electric & Gas Utilities industry average among 911 global companies.
Sustainalytics, another global ESG research leader, assigned AESL an ESG Risk Rating of 31.5, outperforming the global Electric Utility Industry average of 32.1.
MSCI gave AESL a stable ESG rating of 'BBB,' highlighting AESL’s commitment to robust ESG performance. FTSE reaffirms AESL's status as a constituent of the FTSE4Good index series, with an improved ESG score from 3.3 to 4, placing AESL above the global electric utilities sector average of 2.7. AESL's governance score is 5/5, with a social score of 4/5 and an environment score of 3.3/5.
"We are proud of these remarkable achievements and remain dedicated to driving sustainable change in our industry and beyond to be a torch bearer of this benign cause and be within top 10 companies in global context," stated Mr. Anil Sardana, Managing Director, AESL.
AESL is progressing towards UN Energy Compact goals, with a 38% renewable energy (RE) share in bulk energy procurement, aiming for 60% by FY27. The company is also targeting a 40% reduction in GHG emission intensity from the FY19 baseline by FY25. AESL, through its transmission projects, contributes significantly to building corridors connecting RE generation to the national grid.
AESL has also planted 24.3 million mangroves and 3.28 million trees under its 1t.org commitment.
