Adani Power Sets Sustainability Benchmark with Outstanding CSA Score

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Synopsis of the Article

• Adani Power Ltd. achieves a Corporate Sustainability Assessment (CSA) score of 67/100 for FY 2023-24, significantly surpassing the sectoral average of 42 and its previous score of 48.
• The company ranks in the top 80 percentile of global electric utilities in the CSA.
• Adani Power scores in the top 100 percentile in categories such as Human Rights, Transparency & Reporting, Water, Waste & Pollution, and in the top 90 percentile for Energy, Occupational Health & Safety, and Community Relationships.
• The S&P Global CSA score reflects Adani Power’s effective management of ESG risks, opportunities, and impacts through a transparent assessment approach.
• This milestone highlights the company’s commitment to sustainability and ESG integration in its business practices.

Adani’s Power Among Global Leaders in Corporate Sustainability

Ahmedabad, November 28, 2024: Adani Power Ltd. (APL), a prominent company in the Adani portfolio, has marked a significant achievement by securing an outstanding score of 67 out of 100 in the Corporate Sustainability Assessment (CSA) by S&P Global for the financial year 2023-24. This milestone reflects the company’s relentless focus on sustainability and its efforts to become a global leader in the energy sector.

The score not only surpasses the sectoral average of 42 but also represents a leap from APL’s score of 48 in the previous year, showcasing its ongoing commitment to improvement and growth in sustainability practices.

Ranking Among the Top Performers Globally

Adani Power’s score places it in the top 80 percentile among all global electric utilities, a testament to the company’s strong Environmental, Social, and Governance (ESG) performance. Moreover, in specific categories like Human Rights, Transparency & Reporting, Water, and Waste & Pollution, APL has achieved an exceptional 100 percentile ranking, placing it at the forefront of global excellence.

In additional focus areas such as Energy, Occupational Health & Safety, and Community Relationships, the company ranks in the top 90 percentile or above, highlighting its comprehensive approach to sustainability.

What is the S&P Global CSA Score?

The Corporate Sustainability Assessment (CSA) by S&P Global is a robust evaluation of a company’s ESG performance. It provides insights into how effectively an organization identifies and manages material ESG risks, opportunities, and impacts. Unlike traditional ratings, the CSA relies on a combination of company disclosures, media reports, and stakeholder analyses, ensuring transparency and objectivity.

Adani Power’s S&P Global ESG Score of 67 aligns with its CSA score, further reinforcing its position as a leader in the energy sector’s sustainability efforts.

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Key Focus Areas That Stand Out

1. Human Rights
   Adani Power’s policies and initiatives to safeguard human rights reflect its commitment to ethical business practices. The perfect score in this area underscores the company’s leadership in respecting and promoting human dignity.
2. Transparency & Reporting
   By maintaining transparent operations and adhering to rigorous reporting standards, APL has demonstrated accountability to stakeholders and earned a perfect percentile ranking.
3. Water Management
   Effective water resource management is crucial for energy companies, and Adani Power’s exceptional performance in this area highlights its innovative and sustainable practices.
4. Waste & Pollution Control
   APL’s focus on minimizing waste and controlling pollution reflects its dedication to reducing environmental impact.
5. Community Relationships
   Strengthening ties with local communities remains a priority for Adani Power, as evidenced by its high ranking in this area.
6. Occupational Health & Safety
   APL’s top-tier safety measures ensure the well-being of its workforce, earning it recognition in this critical category.

Driving Sustainability Forward

Adani Power’s achievement in the S&P Global CSA score showcases its steadfast commitment to embedding ESG principles into its operations. The company’s efforts to lead in areas such as energy efficiency, community engagement, and ethical governance reflect a broader vision of creating sustainable growth for all stakeholders.

Commenting on this achievement, the company emphasized its mission to drive innovation and maintain its leadership in sustainability, aiming to inspire others in the energy sector to follow suit.

A Significant Milestone for Adani Group

This accomplishment is not just a win for Adani Power but also a reflection of the larger Adani Group’s vision for a sustainable future. As a part of one of India’s leading conglomerates, APL continues to contribute meaningfully to global sustainability goals, aligning with the principles of environmental stewardship, social responsibility, and ethical governance.

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