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New Delhi: Adani Green Energy Limited (AGEL) has been ranked first in the ESG (Environmental, Social, and Governance) ratings in utilities/ power sector by NSE Sustainability Ratings & Analytics Ltd, an entity of the National Stock Exchange (NSE).

Additionally, AGEL is also among the top five entities in ESG ratings assessed from the top 100 listed companies by revenue across the NSE.

NSE recently launched its ESG ratings for listed companies.

NSE's Rating Rationale states AGEL performs well across environment, social and governance parameters. Environmental initiatives are well-integrated, supported by socially responsible practices and effective governance. It demonstrates a mature sustainability approach.

According to NSE Sustainability Ratings & Analytics Ltd, AGEL received an impressive ESG score of 74, the highest within the utilities and power sector. This underscores AGEL's commitment to sustainable practices and its continuous efforts to uphold environmental, social, and governance standards.

AGEL excelled in governance with a score of 76, reflecting the company's robust governance practices, well-organised board structure, and ethical conduct. Its mature approach to risk management further highlights AGEL's commitment to transparency and accountability.

Gautam Adani, Chairman of the Adani Group, highlighted AGEL's dedication to governance and sustainability in its FY25 annual report, stating, "Our governance is of global standards, and our compliance frameworks are robust and non-negotiable." The company also earned a high social score of 73, demonstrating its focus on health and safety measures for employees, customer safety, and community welfare initiatives. AGEL's responsible sourcing and efficient supply chain management further reinforced its position as a leader in socially responsible practices.

NSE Sustainability Ratings & Analytics Ltd evaluates companies based on over 2,000 data points, providing a transparent and materiality-based methodology aligned with national and international standards. AGEL's performance reflects its strategy, culture, and values centred on sustainable practices.

The Securities and Exchange Board of India (SEBI) officially approved NSE Sustainability Ratings & Analytics Ltd as a Category 1 ESG Ratings provider on August 13, 2024, further validating the credibility of these assessments.

The detailed analysis highlights transparency and consistency in ESG assessments that have been derived from publicly available information disclosed by AGEL.

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