Adani Power Ltd. on Thursday announced that it has achieved an exceptional score of 67 (out of 100) in the corporate sustainability assessment undertaken by global rating agency S&P Global for the financial year 2023–24.
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The Adani Group company, while informing about the development in an exchange filing, added that the new score was comparable to the sectoral average of 42 and APL’s own FY23 score of 48.
The company, which is India’s largest private thermal power producer, added that now, Adani Power is in the top 80 percentile of all global electric utilities.
In several elements of the CSA score, like human rights, transparency and reporting, water, and waste and pollution, the power and energy company is in the top 100 percentile.
When considering three other elements—energy, occupational health & safety, and community relationship—it is in the 90th percentile or above category.
The S&P Global CSA Score is the S&P Global ESG Score, which measures a company’s performance and management of material ESG risks, opportunities, and impacts informed by a combination of its disclosures, media, and stakeholder analysis—without any modelling approaches, the company stated.
The press release also added that APL’s S&P Global ESG Score is also 67, which is a remarkable achievement that underscores the company’s steadfast commitment to sustainable practices and dedication to embedding environmental, social, and governance principles into its operations.
Adani Power’s installed thermal power capacity adds up to 17,510 megawatts. And this capacity is spread across 11 power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu. In addition to the above, it also has a 40-MW solar power plant in Gujarat.
The company added that with its world-class team of experts from every field of power, Adani Power is on course to achieve its growth potential.
The power and energy major is harnessing technology and innovation to transform India into a power-surplus nation and provide quality and affordable electricity for all.
Shares of Adani Power Ltd. closed 6.95% higher at Rs 560.20 apiece on the BSE, compared to a 1.48% decline in the benchmark Sensex.
