Adani Green Energy Limited (AGEL) has achieved an ESG 1+ rating of 87.3 from CARE ESG Ratings Limited, making it the highest-rated Indian company by CareEdge-ESG. This rating recognizes AGEL’s leadership in sustainability practices, especially in renewable energy development. CareEdge-ESG evaluates companies based on environmental, social, and governance factors, highlighting AGEL’s strong performance in areas like climate risk management and governance practices.
The rating underscores AGEL’s commitment to integrating sustainability into its operations and reflects the Adani Group’s broader shift towards sustainability across its infrastructure projects. AGEL’s ESG performance is expected to enhance its standing with investors and lenders, facilitating access to capital for renewable energy projects. The company’s CEO, Ashish Khanna, emphasized the significance of this recognition, highlighting AGEL’s focus on sustainability and responsible business practices.
Saikat Roy, CEO of CareEdge-ESG, praised AGEL’s structured governance of environmental and social risks, emphasizing the company’s transparent disclosures and alignment with leading sustainability frameworks. AGEL’s strong ESG rating reaffirms its dedication to sustainability and positions it favorably in the evolving investment landscape where sustainability performance influences capital access.
