Azure Power Ranked Among Top 10 Global Renewable Energy Company for Sustainability

Azure Power, country’s one of the leading independent power producer (IPP), has been ranked as the 10th best renewable energy company, or in the top 16th percentile, of all global renewable power producers for sustainability by Sustainalytics.

Sustainalytics is a 25 year old leading independent ESG and corporate governance research, ratings and analytics firm that support investors worldwide with the development and implementation of responsible investment strategies.

Furthermore, the renewable energy power producer has been ranked 21st, or in the top 5 per cent, of 469 global utilities covered by the research firm.

Commenting on the development, Ranjit Gupta, Chief Executive Officer, Azure Power, said that “this ranking underscores Azure Power’s commitment to sustainability. We look to further demonstrate our resolve to be the leader in the Sustainability space by publishing a more comprehensive Sustainability Report by the end of August, implementing new policies on Freedom of Association, Human Rights and Diversity & Inclusion, joining the Task Force on Climate Related Financial Disclosure, becoming a UN Global Compact signatory, and contributing to the Carbon Disclosure Project. At Azure, we are constantly striving to improve our sustainability practices and expect to realise even better ratings in the future.”

Sustainalytics’ ESG Risk Ratings measure company-level environmental, social, and governance (ESG) risk by combining the concepts of management and exposure to arrive at an overall quantitative rating which is expressed across a risk spectrum of severe, high, medium, low or negligible.

Thus, by providing an absolute measure for assessing company ESG risk, the research agency’ ratings are comparable for companies in different industries. 

Meanwhile, the solar power producer company has a pan-India portfolio of more than 7 GWs.