AGEL Gets Recognised by ISS ESG for Maintaining a High Level of Transparency in Its Business Operations

Adani Green Energy Limited, the renewable energy arm of the Adani Group and also the largest renewable power producer in India, has always been known for the transparency that it maintains while achieving its objectives and its sustainable practices. Recently, the organization has been ranked among the top 10 RE companies globally for its level of transparency and the sustainable practices that it implements by ISS ESG. The company has also been placed in the Prime B band for its ESG disclosure practices. 

The recognition received by the Adani Group will take the company one step closer to being one of the top 10 ESG companies in the electricity and utility sector by 2024. AGEL has already been ranked as one of the top 10 companies in the renewable energy sector by Sustainalytics in 2023. The Adani Group has always been strict about transparency in its operations. The founder of the Adani Group, Gautam Adani, believes that transparency is the key to success. He also aims to transform our planet into a greener nation. Although he received a setback during the Adani SEBI probe, he never stopped being ethical in his approach.

AGEL’s Current Standing in The Energy Sector:

Currently, AGEL has the largest operating renewable portfolio in India. It has a total capacity of 8,216 MW and has multiple environmental benefits. It ensures that the drastic climatic change is contained to a certain level. The project involves shifting to a more sustainable energy system. Various environmental and social risks are addressed through the various steps taken up by AGEL in its journey towards improving the face of the planet. AGEL strongly believes that by following the principle of ESG, it will be able to maintain transparency in its business strategies and project operations. Abiding by these principles has helped the Adani Group build resilience and create long-term values for its organization. These principles have also helped the organization in managing its business, identifying opportunities, securing the interests of the stakeholders, and getting over the Adani SEBI incident.

Being a top-notch energy company, AGEL has always supported the decarbonization goals of our country. It has been consistently generating renewable energy. The company also aims to lead India towards a sustainable energy future in the upcoming years. AGEL has been consistently developing different ecologically friendly solutions to prevent water scarcity, bring about climatic change, and promote sustainability. The four pillars of the ESG framework are policies, guiding principles, assurance, and commitment. These principles allow the company to align its goals with the UN Global Compact, India Business and Biodiversity Initiatives, UN Sustainable Goals, Green Bond Principles, and IFC’s E&S Performance.

Gautam Adani’s Take On Maintaining Business Transparency:

The founder of the Adani Group, Gautam Adani, has always been keen on maintaining ethical business practices while conducting business operations. All the policies of the Adani Group are aligned with the guidelines listed by the ESG. The conglomerate is quite strict about following the principles at every stage of the project implementation process. Even during the Adani SEBI probe, the company followed ethical practices while implementing its projects.

The ESG has laid aside about 700 different industry-specific indicators and standards, out of which there are 100 environmental, governance-related, and social indicators. By using these indicators, the Adani Group can ensure that it complies with the standards laid by ESG. The company has also implemented several safety management systems and health processes, which will help bring about an overall improvement in the lives of the people of the country. It also maintains the code of conduct for the employees. There are specific policies in place for corruption and whistleblowing. 

The Adani Group has built, maintained, and developed various solar and wind projects in different parts of the country. The electricity these projects produce is supplied to the various state and central government entities and government-based organizations. This helps India in fulfilling renewable energy needs. The company is also planning on achieving its target of 45 GW of renewable energy capacity by the end of 2030. This is going to be another huge milestone for the Adani Group

Conclusion:

In this way, the Adani Group has always been quite firm about maintaining ethical practices while implementing its projects, even with the ongoing Adani SEBI probe. This has helped the conglomerate build an excellent place for itself and stay above its competitors. In the upcoming years, the Adani Group plans to walk the path of sustainability further and completely transform the face of the planet.