Tata Power leads S&P Global’s ESG score for power utilities in India

Tata Power leads S&P Global’s ESG score for power utilities in India

FPJ Web DeskUpdated: Friday, January 07, 2022, 04:18 PM IST
article-image
The power company scored 67 out of 100, which is significantly higher than the average world electric utility sector. |

Tata Power has secured the highest score among its peers in the Indian Power sector in S&P Global’s recently released Corporate Sustainability Assessment (CSA) results.

Giving credence to the company's focus to become the most progressive and preferred Green energy brand in India, Tata Power has fared well on all ESG parameters viz. Environmental, Social and Governance.

It has scored 67 out of 100, which is significantly higher than the average world electric utility sector (comprising both Indian and global electric utilities) score of 38.

The S&P Global CSA is an annual evaluation of companies' sustainability practices since 1999 and has been a credible reflection of companies’ sustainability practices.In this assessment over 10,000 companies from around the world were evaluated on industry-specific and financially material issues.

“We are happy to have achieved such encouraging scores in the S&P Global Corporate Sustainability Assessment. This is a testament to our continuous efforts towards building an organization that truly lives the credo of #DoGreen and is focussed on transition to a clean energy powered future.” said Dr. Praveer Sinha, CEO & Managing Director, Tata Power.

ESG is core focus for Tata Power and is integrated into the company’s business strategy.

RECENT STORIES

Bank Of India Faces ₹564 Crore Penalty From Income Tax Department; Yes Bank Also Hit With ₹113...

Bank Of India Faces ₹564 Crore Penalty From Income Tax Department; Yes Bank Also Hit With ₹113...

The Impact Of AI On Psychometric Testing

The Impact Of AI On Psychometric Testing

Shapoorji Pallonji Group's Afcons Infrastructure Files Draft Red Herring Prospectus For ₹7,000 Cr...

Shapoorji Pallonji Group's Afcons Infrastructure Files Draft Red Herring Prospectus For ₹7,000 Cr...

ICICI Securities' Retail Distribution Head Quits; Exchange Filing Reveals

ICICI Securities' Retail Distribution Head Quits; Exchange Filing Reveals

Exploring The Technological Foundation Of Harambe Token

Exploring The Technological Foundation Of Harambe Token