Latest news with #ESGRatings
Al Etihad
24-06-2025
- Business
- Al Etihad
Aldar's MSCI ESG Rating upgraded to ‘A'
24 June 2025 12:05 ABU DHABI (ALETIHAD)Aldar has entered the top quartile of global real estate companies ranked by MSCI ESG Ratings, following an upgrade in its score from 'BBB' to 'A'. The move highlights the Abu Dhabi-based developer's sustained commitment to environmental, social, and governance (ESG) standards and marks a significant milestone in its pursuit of sustainable business ESG Ratings are a benchmark used by global investors to assess a company's exposure to ESG risks and its ability to manage them relative to peers. Aldar's improved rating signals that its ESG strategy is having a measurable impact across operations and that it is successfully managing long-term sustainability risks.'This upgrade reflects the significant strides we've made in embedding ESG as a core principle of how we do business across the group,' said Faisal Falaknaz, Group Chief Financial and Sustainability Officer at Aldar. 'As we continue delivering on our strategic growth roadmap, we remain committed to responsible value creation and transparency, ensuring we contribute positively to our stakeholders, the local economy, and the environment.'The most notable area of improvement was governance. Aldar's corporate behaviour score — which assesses business ethics and transparency — increased by 2.1 points to reach 8.3 out of 10, placing it at the high end for the real estate sector in emerging EMEA markets. Gains in governance, coupled with enhancements in environmental performance, were instrumental in lifting the company's overall MSCI MSCI recognition complements Aldar's existing accolades. In 2024, Aldar secured the number one position in the S&P Dow Jones Sustainability Index for the regional real estate sector. It also received a 'low risk' ESG Risk Score of 15.75 from Sustainalytics, exceeding peer operational sustainability is underscored by its performance in green building initiatives. Last year, 80% of its new developments received a 3 Pearl Estidama rating or higher — a rating system overseen by the Abu Dhabi Urban Planning Council. Furthermore, 23% of its retrofitted assets achieved either LEED Gold or Platinum status, the highest classifications awarded by the US Green Building Council. The developer's commitment to net zero by 2050 is already delivering measurable results. In 2024, Aldar reported a 34% reduction in average energy use intensity in its low-carbon design projects. Additionally, it achieved a 24% reduction in Scope 1 emissions and a 19% reduction in Scope 2 emissions. These reductions underscore the company's proactive approach to decarbonisation. Source: Aletihad - Abu Dhabi
India Gazette
15-06-2025
- Business
- India Gazette
Adani Green Energy ranks highest in NSE's ESG power sector benchmark
Ahmedabad (Gujarat) [India], June 15 (ANI): Adani Green Energy Ltd (AGEL) has been ranked first in the ESG (Environmental, Social, and Governance) ratings in utilities/ power sector by NSE Sustainability Ratings and Analytics Ltd, an entity of the National Stock Exchange (NSE), the Adani Group Company said in a statement. Additionally, AGEL is among the top 5 entities in ESG ratings assessed from the top 100 listed companies by revenue across the National Stock Exchange (NSE). NSE recently launched its ESG ratings for listed companies. NSE's Rating rationale states AGEL performed 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 and 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 statement read. 'AGEL excelled in governance with a score of 76, reflecting the company's robust governance practices, well-organized 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 2024-25 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,' AGEL statement read. NSE Sustainability Ratings and Analytics Ltd evaluates companies based on over 2,000 data points, providing a transparent and materiality-based methodology aligned with national and international standards. The Securities and Exchange Board of India (SEBI) officially approved NSE Sustainability Ratings and Analytics Ltd as a Category 1 ESG Ratings provider on August 13, 2024. Besides, AGEL has also consistently garnered recognition from global ESG rating agencies. According to the AGEL statement, it ranks No. 1 in Asia and among the Top 5 globally in the renewable energy sector in the highest ESG category, 'Prime Band A-,' with a Decile Rank 1 by ISS ESG. Sustainalytics has ranked AGEL among the Top 10 globally, while the S&P Global Corporate Sustainability Assessment 2023 placed AGEL in the 92nd percentile among 266 companies globally within the Electric Utility sector. CRISIL ESG Assessment has consecutively ranked AGEL first in the power sector for three years, and FTSE Russell's ESG rankings placed AGEL in the 93rd percentile globally in the Utilities Supersector. (ANI)
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Business Standard
15-06-2025
- Business
- Business Standard
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.
Hans India
15-06-2025
- Business
- Hans India
Adani Green Energy tops NSE rating list in ESG performance in power sector
Adani Green Energy Limited (AGEL) has been ranked first in the ESG (Environmental, Social, and Governance) ratings in the power generation, utilities and transmission sector by NSE Sustainability Ratings & Analytics Ltd, an entity of the National Stock Exchange (NSE). Additionally, AGEL is also among the top 5 entities in ESG ratings assessed from the top 100 listed companies by revenue across the National Stock Exchange (NSE). The ESG ratings for listed companies have recently been launched by the NSE. The NSE's rating rationale states that AGEL performs well across Environment, Social and Governance parameters. The company's 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, according to the rating. Gautam Adani, Chairman of the Adani Group, has 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. NSE Sustainability Ratings & Analytics Ltd was officially approved by the Securities and Exchange Board of India (SEBI) as a Category 1 ESG Ratings provider on August 13, 2024. AGEL has also consistently garnered recognition from global ESG rating agencies. It ranks No. 1 in Asia and among the top 5 companies globally in the renewable energy sector in the highest ESG category, "Prime Band A-," with a Decile Rank 1 by ISS ESG. Sustainalytics has ranked AGEL among the Top 10 globally, while the S&P Global Corporate Sustainability Assessment 2023 placed AGEL in the 92nd percentile among 266 companies globally within the Electric Utility sector. CRISIL ESG Assessment has consecutively ranked AGEL first in the power sector for three years, and FTSE Russell's ESG rankings placed AGEL in the 93rd percentile globally in the Utilities Supersector, an AGEL statement added.
