Adani Power has been recognized by NSE Sustainability Ratings and Analytics Limited for its strong Environmental, Social, and Governance (ESG) performance, securing a place in the 'Aspiring' category. The company received an ESG score of 65 based on publicly available information. This achievement positions Adani Power as a leader among thermal power companies, surpassing other major players in the thermal, mixed fuel, and integrated energy sectors.
The "Aspiring" ESG rating signifies Adani Power's commitment to sustainable growth and responsible business practices. Adani Power has demonstrated excellence through various initiatives. These include the implementation of advanced emission management technologies such as Ultra Super Critical boilers to reduce its carbon footprint. The company has also invested in continuous monitoring and corrective systems, alongside energy efficiency measures. A zero liquid discharge system has been adopted to ensure minimal impact on local water resources through water conservation initiatives.
Adani Power has also expanded its community development programs, emphasizing education, healthcare, and skill-building. These initiatives include scholarship programs for underprivileged students, health camps, and livelihood enhancement projects, reflecting the company's commitment to inclusive growth. Furthermore, Adani Power places a strong emphasis on workforce well-being, safety training, and promoting diversity and inclusion across its operational sites.
In terms of governance, Adani Power exceeds regulatory requirements. The percentage of independent directors in the Nomination and Remuneration Committee is higher than the compliance requirements. Similarly, the Audit Committee's independent director representation surpasses statutory guidelines, and the composition of the Risk Management Committee exceeds the required threshold of independent directors. The company has adopted stringent supplier and contractor ESG standards, ensuring responsible practices throughout its value chain.
Adani Power's ESG performance has also been recognized globally. Sustainalytics awarded Adani Power an ESG Risk Rating of Medium Risk with a score of 29.20, which is better than the Global Electric Utility Industry average. CSRHUB provided an ESG rating of 77.00% to Adani Power, substantially higher than the global industry average.
Adani Power has an installed thermal power capacity of 18,110 MW spread across 12 power plants in various states, along with a 40 MW solar power plant in Gujarat. Adani Power continues to set new benchmarks for responsible and sustainable business in the energy sector through these initiatives.
