Adani Power improves ESG score to 66, leads thermal power sector

Adani Power on Monday said it has improved its Environmental, Social and Governance (ESG) score to 66 from 65 in FY26, retaining its position in the “aspiring” category and ranking ahead of other major Indian thermal, mixed-fuel and integrated energy companies.

The assessment was conducted by NSE Sustainability, a subsidiary of NSE Indices and part of the National Stock Exchange of India Group. NSE Sustainability is a Securities and Exchange Board of India (SEBI)-registered ESG Rating Provider and evaluates 500 listed companies annually as part of its ESG assessment.

According to Adani Power, the assessment provides investors and other stakeholders with an independent evaluation of a company’s ESG credentials and its potential for long-term value creation.

Focus on emissions, water conservation

The company said its ESG initiatives include the adoption of advanced low-emission technologies, including ultra-supercritical units, aimed at improving energy efficiency and reducing its carbon footprint.

Adani Power has also invested in continuous monitoring and corrective systems, while focusing on water conservation and responsible waste management across its operations.

On the social front, the company said it has expanded community development initiatives covering education, healthcare and skill development. These include scholarships for underprivileged students, health camps and livelihood enhancement programmes.

Governance standards

Adani Power said it has exceeded regulatory requirements across several governance parameters. The representation of independent directors on its Nomination and Remuneration Committee and Audit Committee is above the applicable compliance requirements, while the composition of its Risk Management Committee also exceeds the prescribed threshold for independent directors.

The company has additionally implemented ESG standards for suppliers and contractors, covering responsible practices across its value chain.

Adani Power said its ESG performance has also received recognition from other independent rating agencies. It scored 71 out of 100 in S&P Global's Corporate Sustainability Assessment (CSA) and 4.3 out of 5 in the FTSE Russell ESG rating.

For FY26, CareEdge ESG Rating assigned Adani Power a score of 80 out of 100, placing it in the “Leadership” category and 35% above the industry median.

The company said these assessments reinforce its focus on improving ESG performance while pursuing sustainable growth and responsible business practices.