&w=3840&q=100)
Adani Green Energy ranked top in NSE ESG ratings for power-utilities sector
Adani Green Energy Limited (AGEL) has been ranked first in the ESG (Environmental, Social, and Governance) ratings in utilities/ power sector by NSE Sustainability Ratings & Analytics Ltd, an entity of the National Stock Exchange (NSE).
Additionally, AGEL is also among the top five entities in ESG ratings assessed from the top 100 listed companies by revenue across the NSE.
NSE recently launched its ESG ratings for listed companies.
NSE's Rating Rationale states AGEL performs well across environment, social and governance parameters. Environmental initiatives are well-integrated, supported by socially responsible practices and effective governance. It demonstrates a mature sustainability approach.
According to NSE Sustainability Ratings & Analytics Ltd, AGEL received an impressive ESG score of 74, the highest within the utilities and power sector. This underscores AGEL's commitment to sustainable practices and its continuous efforts to uphold environmental, social, and governance standards.
AGEL excelled in governance with a score of 76, reflecting the company's robust governance practices, well-organised board structure, and ethical conduct. Its mature approach to risk management further highlights AGEL's commitment to transparency and accountability.
Gautam Adani, Chairman of the Adani Group, highlighted AGEL's dedication to governance and sustainability in its FY25 annual report, stating, "Our governance is of global standards, and our compliance frameworks are robust and non-negotiable." The company also earned a high social score of 73, demonstrating its focus on health and safety measures for employees, customer safety, and community welfare initiatives. AGEL's responsible sourcing and efficient supply chain management further reinforced its position as a leader in socially responsible practices.
NSE Sustainability Ratings & Analytics Ltd evaluates companies based on over 2,000 data points, providing a transparent and materiality-based methodology aligned with national and international standards. AGEL's performance reflects its strategy, culture, and values centred on sustainable practices.
The Securities and Exchange Board of India (SEBI) officially approved NSE Sustainability Ratings & Analytics Ltd as a Category 1 ESG Ratings provider on August 13, 2024, further validating the credibility of these assessments.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
15 minutes ago
- Economic Times
Global developments, FII activity among 7 cues to drive Dalal Street action this week
Markets ended their five-week-long consolidation phase, buoyed by improving global cues, receding geopolitical risks, and a noticeable pickup in foreign institutional investor (FII) buying during the latter half of the week. After a hesitant start, momentum built during midweek as overall sentiment turned more constructive. ADVERTISEMENT With tensions between Iran and Israel showing signs of easing, global risk appetite improved, driving indices higher. Consequently, benchmark indices closed the week near their highs, with the Nifty settling at 25,637.80 and the Sensex at 84,058.90. Sectorally, the market breadth tilted positive with most NSE indices in the green. Nifty Oil & Gas outshone peers with a 1.19% uptick, followed by Nifty Infrastructure and Nifty Energy, which climbed 1.07% and 1%, respectively. PSU Banks, Pharma, Metals, and Media also posted moderate gains, rising between 0.4% and 0.7%. Financial heavyweights saw mild traction, with Nifty Bank and Nifty Private Bank edging up 0.41% and 0.32%, respectively. On the flip side, Nifty Realty emerged as the biggest drag, slipping 1.55%, while IT and Consumer Durables sectors witnessed mild profit-taking. Meanwhile, market volatility cooled further, with India VIX declining 1.9% to 12.36, signaling a more stable undertone. 'Index has formed a sizable bull candle with a higher high and higher low signaling continuation of the up move. Index in the process on expected lines closed firmly above the last 6 weeks range (25,200-24,500), signaling extension of the positive momentum,' said a note by Bajaj Broking. 'Going ahead, index to maintain overall positive bias and head towards 25,900-26,000 levels in the coming week, being the measuring implication of the last week's range (25,200-24,500). The upper band of the recent consolidation range, 25,100-25,200 is likely to reverse its role and act as key support in coming weeks,' the note added. ADVERTISEMENT Here are the key factors that will likely impact the D-Street action this week: Looking ahead, global cues will continue to drive market direction. Despite improved sentiment, caution persists regarding potential tariff escalations, with U.S. tariffs scheduled to resume from July 9 and updates on trade agreements will remain in focus. ADVERTISEMENT The U.S. President recently announced on a social media platform the signing of a deal with China and indicated a potential deal with India, although details remain scant. Further clarity on these developments will be closely monitored by the high-frequency data such as IIP and PMI figures will be in focus, along with the monsoon progress. ADVERTISEMENT The trend in foreign institutional investor (FII) flows will also be closely monitored. On Friday, foreign institutional investors (FIIs) were net buyers at Rs 1,504.93 crore, while the domestic institutional investors (DIIs) were net sellers at Rs 765.82 crore. Brent and U.S. West Texas Intermediate crude prices fell on Friday, reversing gains after a report that OPEC+ was planning to hike production in August following an increase planned for July. ADVERTISEMENT The Indian rupee had its best week since January 2023, as an Iran-Israel ceasefire cooled oil prices and sapped safe-haven dollar demand, while worries over the Federal Reserve's future independence added pressure on the rupee gained 1.3% on the week, its best performance in two and a half years, to close at 85.4750 per U.S. dollar on Friday."The Nifty continued to move higher as investor confidence remained strong. With no major resistance seen before 25,750–25,800, the index may continue its upward trajectory. However, the rally might not be sharp, and it could take time to reach the 25,800 mark.'A buy-on-dips strategy appears more appropriate at current levels, following the sharp rise over the past few days. On the downside, support is placed at 25,500; a break below this level could lead to consolidation,' said Rupak De, Senior Technical Analyst at LKP Securities. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Mint
32 minutes ago
- Mint
US Senate voting on Donald Trump's ‘One Big Beautiful Bill' Act LIVE: JD Vance arrives to cast ‘tie-breaking' vote
'Big Beautiful Bill' vote LIVE Updates: The United States Senate voted on President Donald Trump's much touted tax and budget proposal, dubbed as the 'One Big Beautiful Bill' Act today (late Saturday local time), according to reports. After the Senate vote, which pushed through 51-49, Donald Trump took to social media to celebrate. 'Tonight we saw a great victory in the Senate with the 'Great Big Beautiful Bill'', he wrote. Further, he credited Republican lawmakers for pushing the bill, adding: 'Victory in the Senate wouldn't have happened without the work of Senate Rick Scott, Senate Mike Lee, Senate Ron Johnson, and Senate Cynthia Lummis.' On Truth Social, Donald Trump wrote: 'Tonight we saw a GREAT VICTORY in the Senate with the 'GREAT, BIG, BEAUTIFUL BILL,' but, it wouldn't have happened without the Fantastic Work of Senator Rick Scott, Senator Mike Lee, Senator Ron Johnson, and Senator Cynthia Lummis. They, along with all of the other Republican Patriots who voted for the Bill, are people who truly love our Country!' 'As President of the USA, I am proud of them all, and look forward to working with them to GROW OUR ECONOMY, REDUCE WASTEFUL SPENDING, SECURE OUR BORDER, FIGHT FOR OUR MILITARY/VETS, ENSURE THAT OUR MEDICAID SYSTEM HELPS THOSE WHO TRULY NEED IT, PROTECT OUR SECOND AMENDMENT, AND SO MUCH MORE. GOD BLESS AMERICA &, MAKE AMERICA GREAT AGAIN!!!' Notably, this is the same contentious bill that led to the public falling out and making up between Donald Trump an billionaire Elon Musk after he moved out of the administration's Department of Government Efficiency (DOGE). Earlier, US Vice President JD Vance arrived to cast his vote, which is reportedly the 'tie-breaking' ballot, reports added. The tally, 51-49, came after a tumultuous night that draggdragged for more than three hours as holdout senators huddled for negotiations, and took private meetings off the floor. In the end, two Republicans opposed the motion to proceed, joining all Democrats. Donald Trump reportedly told Republicans to skip their holidays and deliver the bill by July 4. Senators were working through the weekend to pass the bill and send it back to the House for a final vote. Democrats are united against it. Republicans are pushing forward with a 'rare' Saturday process in order to pass the 'tax bill', which includes Donald Trump's package of tax breaks, spending cuts and bolstered deportation funds, by his July Fourth deadline, according to an AP report. The report added that Republicans are using their majorities in Congress to push aside Democratic opposition, but face some internal division. Not all are agreeable to the tax cuts towards food stamps, Medicaid and other programs in order to dole out Trump's $3.8 trillion tax breaks, it added. In a statement before the voting process began, the White House said it 'strongly supports passage' of the bill that 'implements critical aspects' of the president's agenda. Donald Trump himself was at his golf course in Virginia; while Senate Majority Leader John Thune, Republican – South Dakota, wrote on X, 'It's time to get this legislation across the finish line.' Meanwhile, Elon Musk has renewed his criticim of Donald Trump's tax plan in a scathing post on social media platform X. He called the bill 'utterly insane and destructive.' 'The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country!' he added. New York's Democratic Senator Chuck Schumer criticised the bill being tabled in a hurry, accusing the Republicans of dropping the bill 'in the dead of night' and are rushing to finish the bill before the public fully knows what's in it, AP reported. Notably, the 940-page bill was near midnight on June 27 (Friday), and senators are expected to pull all-night debates and amendments before it is passed in a few days. The report added that Senate passage could be days away, and the bill would need to return to the House for a final round of votes before it could reach the White House. Republicans hold narrow majorities in the House and Senate, and thus need almost every lawmaker to unite in order to beat opposition from Democrats. The point of contention for dissenting Republicans is that funding for Donald Trump's bill is proposed from cuts to some services such as food stamps and Medicaid, and they feel the cuts go too far, the AP report said. Some others argue that the hit to national debt would be immense and are pushing for steeper cuts. R-North Carolina Senator Thom Tillis said he is concerned over fundamentals of the package and will not support the procedural motion to begin debate. R-Kentucky Senator Rand Paul opposes the measure to raise the nation's debt limit by $5 trillion. R-Wisconsin Senator Ron Johnson is pushing for deeper cuts, said he needed to see the final legislative text. R-Montana Senator Tim Sheehy said he would agree to proceeding to the bill only after being assured a provision for public lands sales he opposes would be taken out with an amendment. As per the report, an estimate from the nonpartisan Congressional Budget Office showed that the House-passed version of Trump's tax bill would cost around 10.9 million more people their healthcare, and at least 3 million food aid. Estimates on the Senate draft, which proposes steeper cuts, are not yet out from the CBO. Top income-earners would see about a $12,000 tax cut under the House bill, while the package would cost the poorest Americans $1,600, the CBO said.
Hans India
3 hours ago
- Hans India
Gautam Adani hails divine experience at Puri Rath Yatra
Puri: Adani Group Chairman Gautam Adani on Saturday expressed deep spiritual sentiments on witnessing the divine Rath Yatra of Lord Jagannath. Gautam Adani also praised the efforts of the Odisha government, administration, and the people for the grand and well-managed Rath Yatra. 'It is my great fortune that I got the opportunity to come here. Over the past few years, I have deeply felt the divine presence of Mahaprabhu Jagannath in my life. I met with Lord Jagannath when I had nothing in hand, and today, by the grace of the people and the blessings of the Lord, I have everything,' Gautam Adani said, while speaking to the media. 'I prayed for the bright future of India and the development of Odisha. Let Lord Jagannath continuously guide the nation toward progress, and I pray that all people receive the benefits of this progress,' the billionaire industrialist added. Gautam Adani also shared his experience of service during the festival. The Adani Group has initiated the 'Prasad Seva' in Puri Dham and is undertaking a comprehensive 'seva' effort to support both pilgrims and frontline officials during the Rath Yatra from June 26 to July 8. 'For the first time during this divine congregation, we focused on 'seva' (service) as a form of devotion. Over 5,000 people joined hands in service, and we witnessed how this transformed lives. Seva is not limited to religious practice -- it has a tangible impact on society as well,' the Adani Group Chairman said. 'I saw the arrangements myself -- the cleanliness, discipline, and the dedication of administrative and security personnel. It is commendable how Odisha managed such a massive gathering with such grace. I extend my heartfelt appreciation to everyone involved,' Gautam Adani added. Earlier, taking to social media platform X, Gautam Adani called the 'Rath Yatra -- a grand embodiment of faith, service, and unity,' and noted that 'being a witness to this wonderful experience ... will forever remain among the priceless memories of my life'. Meanwhile, lifeguards at the Puri beach expressed immense joy and pride over Adani Group Chairman Gautam Adani visiting them and the holy city of Odisha for the divine Rath Yatra of Lord Jagannath. The lifeguards shared their joy and excitement over meeting and interacting with Gautam Adani. 'We feel honoured and overjoyed with Gautam Adani coming to visit us. This is the first time such a big personality has visited and interacted with us. We feel extremely happy,' said Mani Shiva Rao, President of Puri Beach Lifeguard. 'We were overwhelmed with joy and pride when Gautam Adani came to meet us. This is the first time such a prominent figure has interacted with us directly. It means a lot to all of us,' added Hari Rao, General Secretary of the Puri Lifeguard Association.
