AI Generated Image
Adani Energy Solutions (AESL), India’s largest private transmission and distribution company, has emerged as the world’s highest ESG-scored utility, according to S&P Global’s latest Media and Stakeholder Analysis review.
Following the assessment, S&P Global corrected a previously impacted governance-related evaluation.
AESL’s ESG Score rose to 90 out of 100, placing it first globally among utilities. The sector average stands at 41, while AESL previously scored 81.
AESL’s disclosure-based Corporate Sustainability Assessment score climbed 17 points year-on-year to 90.
The company recorded an Environmental score of 93, Social score of 89, and Governance & Economic score of 84. These figures significantly exceed industry averages.
Product Stewardship, Climate Strategy and Human Capital Management remained key performance drivers.
“Being recognised as the highest ESG-scored utility company globally by S&P Global is a proud milestone for AESL and a strong validation of our commitment to sustainable growth. At AESL, sustainability is integrated into our everyday decision-making processes. This achievement reflects the dedication of our teams across the organisation, who continuously work to strengthen our environmental performance, social impact, governance standards, and disclosure practices,” said Kandarp Patel, CEO, AESL.
AESL operates across power transmission, distribution, smart metering and cooling solutions. It has 29,739 circuit km of transmission network and 1,43,425 MVA transformation capacity. Its retail distribution business serves around 13 million consumers in metropolitan Mumbai and Mundra SEZ.
AESL is expanding its smart metering operations and aims to become India’s leading smart metering integrator.
Also Read: Stock Market Today: Sensex, Nifty Extend Losses As US-Iran Tensions Weigh
Gold and silver prices face volatility as US-Iran tensions, inflation data and central bank signals…
CM Suvendu Adhikari apologises to BSF over the previous TMC government's conduct during his first…
BJP president Nitin Nabin and Piyush Goyal meet LK Advani on his birthday, praising his…
Sensex falls 29 points and Nifty closes below 25,000 as banking and IT stocks weigh…
PM Modi calls for greater national goals after progress against Naxalism and poverty, highlighting the…
Sensex gains 250 points and Nifty rises as Indian markets begin Samvat 2083 with a…