Ahmedabad, April 14: Adani Green Energy Limited (AGEL) has been awarded an ESG 1+ rating with a score of 87.3 by CARE ESG Ratings Limited (CareEdge-ESG), a Securities and Exchange Board of India (SEBI)-registered rating provider. The assessment places the company at the top position among Indian firms evaluated by the agency.
The rating highlights AGEL’s performance across environmental, social and governance parameters, with particular emphasis on climate strategy, resource management, and transparency practices. The evaluation recognises the company’s integration of sustainability frameworks within its large-scale renewable energy operations.
CareEdge-ESG conducted a comprehensive assessment of ESG risks and opportunities, benchmarking AGEL against industry peers across multiple indicators. The review identified strong performance in areas including climate risk management, water stewardship, waste management systems, biodiversity conservation, and corporate governance practices supported by structured oversight and disclosure mechanisms.
According to the assessment, AGEL has adopted a structured approach to managing environmental and social risks through formal policies and enterprise-wide systems. The rating reflects the company’s integration of ESG considerations into operational and strategic decision-making processes within its renewable energy portfolio.
The recognition also reflects a broader shift within the Adani Group, where sustainability principles are being embedded across infrastructure-led businesses, including renewable energy, ports, logistics, and utilities. ESG factors are increasingly influencing governance structures, risk assessment frameworks, and long-term capital planning across the group.
The CareEdge-ESG rating is also expected to strengthen AGEL’s positioning with investors and financial institutions, particularly as sustainability performance becomes a key factor in accessing capital. The score is seen as supporting the company’s ability to raise sustainable and transition-linked financing for future renewable energy expansion.
In a statement issued by CareEdge-ESG, AGEL Chief Executive Officer Ashish Khanna said the top ESG score validates the company’s commitment to large-scale sustainability integration. He noted that the recognition reflects disciplined ESG governance, climate-risk preparedness, and long-term value creation, adding that the company’s operations are certified across zero waste-to-landfill, single-use plastic-free practices, and net water-positive systems.
CareEdge-ESG Chief Executive Officer Saikat Roy stated that AGEL’s rating reflects strong integration of sustainability considerations into its renewable energy strategy. He highlighted that the company’s governance of environmental and social risks is supported by defined policies, management systems, and transparent disclosures aligned with global sustainability frameworks, improving its credibility in capital markets.
The rating underscores AGEL’s position within India’s renewable energy sector as a leading entity in ESG performance metrics, reinforcing its role in the evolving sustainability-driven investment landscape.
