Adani Green Tops India in ESG Rankings with 87.3 Score, Emerges as Most ‘Responsible’ Company

Adani Green Energy Limited (AGEL) has been awarded the prestigious CareEdge-ESG 1+ rating, achieving a total score of 87.3—the highest among Indian companies. The rating was assigned by CareEdge ESG Ratings Limited, a SEBI-registered ESG ratings agency.

With this score, AGEL is now considered one of the leading companies in its industry in terms of environmental responsibility and sustainable business practices. The evaluation highlighted the company’s strong governance framework, climate strategy, efficient resource utilization, transparency, and robust board-level oversight.

Strong Commitment to Sustainability

In its statement, CareEdge-ESG said that the rating reflects AGEL’s strong commitment to sustainable practices in the renewable energy sector. The company demonstrated notable performance in areas such as climate risk management, water management, waste management, and biodiversity conservation.

The rating also underscores AGEL’s leadership as a large utility-scale renewable energy developer, effectively integrating sustainability into its overall operations.

Key Areas of Assessment

The ESG rating evaluated multiple aspects related to environmental, social, and governance (ESG) risks and opportunities. These included:

• Climate risk management

• Water and waste management

• Biodiversity protection

• Strong governance systems

According to the report, AGEL operates with well-defined policies and management systems to address environmental and social risks. The company has embedded ESG principles across its organization, ensuring better handling of these critical issues.

Boost for Investor Confidence

This recognition reflects a broader shift within the Adani Group toward integrating sustainability across its infrastructure-based portfolio, including renewable energy, ports, logistics, and utilities.

The inclusion of ESG principles is increasingly shaping governance practices, risk management frameworks, and long-term capital allocation. The CareEdge-ESG rating is expected to strengthen AGEL’s position among investors and lenders, especially in a financial environment where sustainability performance is closely linked to access to funding.

It is also likely to enhance the company’s ability to raise sustainable and transition-linked capital for large-scale renewable energy projects.

CEO’s Statement

AGEL CEO Ashish Khanna said that achieving the highest ESG score reinforces the company’s commitment to integrating sustainability at scale. He added that the recognition validates AGEL’s disciplined approach to ESG governance, proactive climate risk management, and long-term value creation for stakeholders.

The company also highlighted certifications such as zero-waste-to-landfill, single-use plastic-free operations, and net water-positive initiatives, demonstrating that large-scale renewable energy development can be both responsible and resilient.

What CareEdge Officials Said

CareEdge-ESG CEO Saikat Roy noted that AGEL’s ESG rating reflects its deep commitment to embedding sustainability into its renewable energy operations and long-term growth strategy.

Chief Rating Officer Nikunj Dube added that the 87.3 ESG score indicates a structured and forward-looking approach compared to industry peers. He emphasized that the company’s performance is backed by strong governance structures, environmental management practices, and transparency in disclosures.