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Adani Transmission climbs the ESG rankings in S&P Global Corporate Sustainability Assessment for 2021

Posted On : 2021-11-17 16:58:12( TIMEZONE : IST )

Adani Transmission climbs the ESG rankings in S&P Global Corporate Sustainability Assessment for 2021

Adani Transmission Limited (ATL), 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.

"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 Mr. 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.

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.

Shares of Adani Transmission Limited was last trading in BSE at Rs. 1855.30 as compared to the previous close of Rs. 1877.50. The total number of shares traded during the day was 1953 in over 325 trades.

The stock hit an intraday high of Rs. 1924.70 and intraday low of 1839.00. The net turnover during the day was Rs. 3677203.00.

Source : Equity Bulls


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