Adani Energy Solutions (AESL) has been moving places in its quest to be within top notch rated companies in ESG (Environment, Social, & Governance) ratings. The company with its growing energy solutions portfolio revealed its July-September 2023 (Q2FY24) ESG performance ratings by various third-party firms, where the company improved its performance over multiple parameters.
AESL, which had rebranded itself from Adani Transmission with effective from July 27, 2023, in line with its strategic move and unwavering commitment to broader & benign Energy Solutions including pursuits to environmental, social, and governance principles, has received an impressive score of 86% from CSRHUB, a leading global ESG performance rating agency. AESL’s score surpasses the Electric & Gas Utilities industry average done amongst among 911 global companies.
In addition, Sustainalytics, a global leader in ESG research and data and serving the world’s leading institutional investors and corporations, has awarded AESL an ESG Risk Rating of 31.5, outperforming the global Electric Utility Industry average of 32.1 (a lower score indicates a better risk profile). This achievement places AESL in the esteemed Global Top 40 of the Electric Utility Industry, a testament to AESL’s commitment to environmental stewardship and social responsibility.
Furthermore, MSCI (Morgan Stanley Capital International) has assigned AESL a stable ESG rating of 'BBB', underscoring AESL’s dedication to robust ESG performance. FTSE (Financial Times Stock Exchange), a renowned global index provider, has reaffirmed AESL's status as a constituent of the FTSE4Good index series, accompanied by a notable improvement in ESG score from 3.3 to 4. This places AESL well above the global electric utilities sector average of 2.7. Additionally, AESL's governance score stands at an impeccable 5/5, with a social score of 4/5 and an environment score of 3.3/5, further highlighting its commitment to ethical business practices.
Adani Energy Solutions (formerly known as Adani Transmission) is the transmission business arm of the Adani Group, one of India’s largest business conglomerates.
| Company Name | CMP |
|---|---|
| NTPC | 333.30 |
| Tata Power | 401.25 |
| Power Grid Corp | 315.75 |
| Adani Power | 498.45 |
| Torrent Power | 1476.80 |
| View more.. | |
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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