Shares of Adani Power Ltd. climbed over 3% on November 29 after the company announced its remarkable performance in the Corporate Sustainability Assessment (CSA) by S&P Global for FY2023-24. The company scored an impressive 67 out of 100, placing it in the top 80 percentile globally among electric utilities.
Key Highlights:
- Sectoral Outperformance: Adani Power’s score of 67 significantly surpassed the sectoral average of 42, showcasing its leadership in sustainable practices.
- Year-on-Year Growth: The score marked a substantial improvement from its FY23 score of 48, reflecting continuous progress in sustainability initiatives.
- Category Achievements:
- Top 100 percentile: Human Rights, Transparency & Reporting, Water Management, and Waste & Pollution.
- Top 90 percentile: Energy, Occupational Health & Safety, and Community Relationships.
Market Performance:
As of 9:29 am, Adani Power’s shares were trading 3.48% higher at ₹580.50 on the NSE, signaling strong investor confidence following the company’s sustainability achievements.
This recognition underscores Adani Power’s commitment to integrating environmental, social, and governance (ESG) principles into its operations, further strengthening its position as a leading sustainable energy provider.
