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Adani Power Earns Top ESG 'Leadership' Rating from CareEdge

Adani Power has been benchmarked in the 'Leadership' category by CareEdge in its ESG performance report, achieving an overall score of 80. The company outperformed industry medians, particularly in environmental metrics, driven by advanced supercritical technology and reduced emissions intensity. It also scored highly on social initiatives and governance due to strong compliance and community programs. The firm plans a major capacity expansion to 23.72 GW by 2032, backed by a $22 billion investment.

Key Points: Adani Power Gets Leadership ESG Rating, Outperforms Industry

  • Scored 80 in ESG rating
  • Emissions intensity fell 1% YoY
  • Governance pillar scored highest at 85.8
  • Plans $22B capex for capacity expansion
2 min read

Adani Power benchmarked in 'Leadership' category in CareEdge ESG Performance report

Adani Power secures a top 'Leadership' ESG score of 80 from CareEdge, excelling in environmental and governance metrics despite being in thermal power.

"higher thermal efficiency and lower coal consumption per unit of electricity generated - CareEdge"

New Delhi, March 24

Adani Power has secured a 'Leadership' classification in its Environmental, Social, and Governance rating from CareEdge, significantly outperforming broader industry benchmarks despite operating in the carbon-intensive thermal power sector.

The rating agency assigned the company an overall ESG score of 80.0, highlighting a shift in performance metrics for India's largest private power producer.

According to the CareEdge ESG Ratings report, the company recorded an environmental score of 75.6, which stands in contrast to the industry median of 50.2. This performance on the environmental pillar, which carries the highest weight for the power sector, was driven by reductions in emissions intensity and improved energy efficiency.

Currently, more than 60% of the company's installed capacity utilizes supercritical and ultra-supercritical technology. CareEdge noted that this infrastructure enables "higher thermal efficiency and lower coal consumption per unit of electricity generated."

While absolute emissions increased during the 2025 fiscal year due to capacity expansion, the report found that emissions intensity actually declined by approximately 1% year-on-year. This figure remained below the sector median.

The report also highlighted that Scope 2 emissions were "negligible," falling sharply as the company relied on captive generation and integrated rooftop solar systems for auxiliary and administrative loads.

The company's decarbonization strategy currently aligns with a roadmap toward net-zero emissions by 2070. In the near term, the focus remains on efficiency-led improvements. However, the report detailed that medium and long-term plans include "alternative fuels, energy storage, and advanced technologies such as green hydrogen and carbon capture."

On the social front, the company achieved a score of 81.6. CareEdge attributed this to strengths in occupational health and safety as well as community engagement. Corporate Social Responsibility programs reached over 1.23 million beneficiaries through initiatives in healthcare and education. These efforts were supported by a structured grievance redressal mechanism which saw "full resolution of reported cases."

The governance pillar received the highest marks with a score of 85.8. The rating agency cited a "robust compliance framework and strong board oversight" as the primary factors for this result. At present, the company operates a generation capacity of 18.15 GW.

This capacity is slated for expansion to 23.72 GW by 2032, backed by a USD 22 billion capital expenditure programme, marking the largest private sector investment in the Indian power industry.

- ANI

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Reader Comments

S
Sarah B
While the scores are impressive, I have a question. The article says absolute emissions increased. How does a 'Leadership' rating reconcile with growing total pollution, even if intensity is down? We need to see the absolute numbers fall for real climate impact.
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Rohit P
The social score reaching over 1.2 million beneficiaries is what stands out for me. In a country like ours, corporate responsibility in healthcare and education at that scale makes a tangible difference on the ground. Hope other companies follow this model.
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Priyanka N
Net-zero by 2070 feels very distant, but the roadmap with near-term efficiency and long-term tech like carbon capture is pragmatic. We can't shut down coal plants overnight. This phased approach, backed by such massive investment, seems like a balanced strategy for energy security and climate goals.
K
Karthik V
Good to see an Indian company benchmarking so well. The governance score of 85.8 is crucial—strong oversight builds investor and public trust. The $22 billion capex plan is also a huge vote of confidence in India's growth story. More power to them! 💡
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Meera T
I appreciate the transparency in the report, mentioning both the increase in absolute emissions and the reduction in intensity. It shows they aren't just greenwashing. The focus on rooftop solar for their own operations is a smart, practical step many industries should copy.

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