NEW DELHI, Aug. 13, 2020 – Azure Power a leading solar power producer in India, was ranked as the 10th best renewable energy company, or in the top 16th percentile, of all global renewable power producers for sustainability by Sustainalytics. In addition, Azure Power ranked 21st, or in the top 5%, of 469 global utilities covered by Sustainalytics.
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. By providing an absolute measure for assessing company ESG risk, Sustainalytics’ Ratings are comparable for companies in different industries.
Commenting on this, Mr. Ranjit Gupta, Chief Executive Officer, Azure Power, said, “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.”
For more information, visit: www.azurepower.com.