Adani Green tops in Asia for ESG performance, ranks among top 10 globally: Report

India's leading renewable energy producer Adani Green Energy Limited (AGEL) has been ranked first in Asia in the renewable energy sector by ISS ESG.

The Adani Group subsidiary was also ranked among the top 10 companies globally for ESG performance. The firm has been placed in the 'Prime' (B+) band, for being recognized for its robust ESG disclosure practices and high level of transparency, reported NDTV on 15 June.

The leading global provider of environmental, social, and governance (ESG) research and ratings, ISS ESG's based on a comprehensive assessment of a firm's ESG performance that includes environmental impact, social responsibility, and corporate governance.

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Earlier in FY 2023, AGEL was ranked among the top 10 companies in the world in the renewable energy sector by Sustainalytics. With this new development, AGEL is aiming to become the top 10 ESG companies globally in the electric utility sector by FY25.

As per details, AGEL has an operating portfolio of 8,216 MW in the renewable energy sector.

"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," NDTV quoted AGEL's MD Vneet S Jaain as saying.

"Our policies are aligned with these guidelines and ESG targets have been set keeping these policies in mind. We aim to be among the top 10 companies of the world in the ESG benchmarking of the electric utility sector by FY25," Jaain added.

Meanwhile, AGEL is mulling to achieve its target of 45 GW of renewable energy capacity by 2030, through its solar and wind projects.