New Delhi, March 24 (IANS). Adani Power has been given a rating of 80.0 in ESG (Environment, Social and Governance) by rating agency CareEdge, putting the company in the ‘Leadership’ category. The special thing is that the company has achieved this feat despite working in the carbon-intensive thermal power sector. This announcement was made on Tuesday.
India’s largest private power producer has significantly outperformed the industry average in the environment sector, which is of utmost importance in the power sector.
Adani Power got a score of 75.6 in the environment area, while the industry average score is 50.2. This improvement has resulted in reduced emissions, lower power consumption and improved energy efficiency.
More than 60 percent of the company’s total installed capacity is based on supercritical and ultra-supercritical technology, which produces more power with less coal and also reduces pollution.
According to the report, the company’s total emissions volume has increased in FY2025 as capacity has been added, but emissions per unit have decreased by about 1 percent, which is better than the industry average.
Additionally, Scope 2 emissions have been very low, as the company is using its own power generation and rooftop solar systems.
Adani Power’s decarbonization strategy is based on the target of achieving net-zero emissions by 2070, which is in line with India’s climate goals and the Paris Agreement.
The company is currently focusing on increasing energy efficiency, while in the future it will work on new technologies like green hydrogen, energy storage and carbon capture.
In the social sector, the company has got a score of 81.6, which shows good performance in areas like employee safety, community development and employee welfare.
More than 12.3 lakh people have benefited from the company’s CSR programs covering health, education, employment and infrastructure.
Adani Power has got a score of 85.8 in governance, which shows strong rule compliance and better management system.
The company’s current power generation capacity is 18.15 gigawatt (GW), which is planned to be increased to 23.72 GW by 2032. For this, an investment of 22 billion dollars will be made, which is considered to be India’s largest private sector investment in this sector.
–IANS
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