Adani Transmission climbs ESG rankings in S&P Global Corporate Sustainability Assessment for 2021
Ahmedabad, November 18, 2021
Adani Transmission Limited (ATL), a part of the Adani Group and India’s largest private sector power transmission and retail distribution company, scored 63 points in the 2021 Corporate Sustainability Assessment (CSA) survey conducted by DJSI - S&P Global.
This is significantly higher than the average world electric utility sector score of 38, a press release from the Group said.
"This remarkable improvement in our ESG score within just a few months testifies to the robustness of ATL’s approach and strategy on ESG,” said Anil Sardana, MD & CEO, ATL. “This achievement is an endorsement of our progress towards decarbonization of the grid. ATL’s increased emphasis on ESG is in line with our nation’s renewed focus on building a greener India as quickly as possible.”
With an industry-specific approach, the S&P Global ESG score provides multiple layers of ESG intelligence with three underlying Environment, Social, and Governance & Economic Dimension scores. ATL initially interacted with DJSI-S&P Global for ESG benchmarking and received a score of 52 in April 2021, which has now increased to 63, representing a massive 15-point improvement, the release said.
Following the initial score, ATL aligned its ESG reporting standards with the GRI (Global Reporting Initiative), increased public disclosures in the company's annual report, management systems, Business Excellence initiatives, and so on, and remains committed to improving its ESG performance by further refining its policies and practices, as well as strengthening information disclosure procedures, the release added.
Adani Transmission Limited is the transmission and distribution business arm of the Adani Group, one of India's largest business conglomerates. It is the country’s largest private transmission company with a cumulative transmission network of ~18,300 ckm, out of which ~13,700 ckm is operational and ~4,600 ckm is at various stages of construction. ATL also operates a distribution business serving about 3 million+ customers in Mumbai.