POWER

Tata Power tops Crisil ESG scores for power companies in India

Tata Power on Thursday said it has secured the highest score among its peers in the Indian power sector in rating agency Crisil’s recently launched environmental, social and governance (ESG) scores.

The company is committed to its vision to empower a billion lives through sustainable, affordable and innovative energy, and has fared well on all ESG parameters scoring an impressive 67 out of 100, Tata Power said in a statement.

It has scored 61 in environment, and 60 and 77 on social and governance parameters, respectively, it added.

This assessment was made voluntarily by Crisil and is based on publicly available information.

The ESG adherence is Tata Power’s core philosophy and drives its business strategy. It leads its way in the development of the company’s clean energy portfolio, decides its social innovations and governance protocols, the company said.

As part of its 2.0 business plan, Tata Power is focusing especially on the environmental pillar. It has taken decisions towards no coal-based expansion on the generation side, expansion of renewable footprints, and development of EV charging infrastructure in the country, among others, it added.

Crisil, in its recent report, announced the ESG scores of 225 companies across 18 sectors in India factoring in their track record and disclosure standards.

Source
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