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Adani Group stocks climbed in morning trade
Ahmedabad, June 15th, 2023: The largest generator of renewable energy in India and the renewable energy division of the Adani Group, Adani Green Energy Limited (AGEL), has been ranked first in Asia and among the top 10 businesses worldwide in the energy industry.
The ‘Prime’ (B+) band has been assigned to AGEL in recognition of its robust ESG disclosure standards and high level of transparency.
By achieving this goal by FY25, AGEL will be able to produce power.
Moves closer to achieving its goal of being among the world’s top 10 ESG companies in the utility sector. AGEL has already been ranked among the world’s top 10 companies in the renewable energy sector by Sustainalytics in FY23.
With 8,216 MW, AGEL has the country’s largest operational renewable energy portfolio. Through its operations and involvement in the battle against climate change, more sustainable energy
By allowing system adjustments, you may clearly help the environment. Dedicated management systems are used to address pertinent social and environmental issues.
AGEL firmly believes that its company strategy and core values should incorporate ESG concepts. Using these guidelines will improve the culture, foster resiliency, and by methodically recognising opportunities, controlling risks, and defending the interests of all our stakeholders, assists in generating long-term value. Clean Energy Pure-Play
By generating and supplying renewable energy to the grid, AGEL as an organization supports and contributes to India’s decarbonization ambitions.
It is dedicated to provide cutting-edge ecological solutions to issues like climate change, water scarcity, and the unrelenting use of natural resources as part of its vision.
“At AGEL, the company is aligned with the UN Global Compact, UN Sustainable Goals, India Business, and Biodiversity through the four pillars of the ESG framework: Guiding Principles, Policies, Commitments, and Assurances.
Efforts support alignment with IFC’s E&S performance and the Green Bond Guidelines. The MD of Adani Green Energy Ltd, Mr. Vineet S. Jain, stated, “Our policies with these guidelines in mind, ESG targets have been established. By FY25, we want to rank among the top 10 businesses globally in the electric utility sector according to ESG benchmarking.
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