Adani Total Gas Limited (ATGL) has been assigned an Environmental, Social, and Governance (ESG) rating of 73 by NSE Sustainability Ratings & Analytics Limited, according to a recent disclosure by the company.

Key Highlights

• ESG Rating: 73
• Rating Agency: NSE Sustainability Ratings & Analytics Limited
• Assessment Basis: Publicly available data

Independent Assessment

NSE Sustainability conducted this evaluation independently, without any engagement from Adani Total Gas. The rating reflects the company's performance across Environmental, Social, and Governance parameters, based solely on information available in the public domain.

Company's Stance

Adani Total Gas has clarified that it did not engage NSE Sustainability for the evaluation or issuance of this ESG rating. The company emphasized that the report was prepared independently by NSE Sustainability using data accessible to the public.

Significance of ESG Ratings

ESG ratings are increasingly important in the corporate world, as they provide investors and stakeholders with insights into a company's sustainability practices and overall corporate responsibility. These ratings can influence investment decisions and reflect a company's commitment to sustainable business practices.

Regulatory Compliance

The disclosure of this ESG rating by Adani Total Gas is in line with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. This demonstrates the company's adherence to regulatory requirements and commitment to transparency in its ESG performance reporting.

As ESG factors continue to gain prominence in investment decisions and corporate strategies, such ratings provide valuable insights into a company's non-financial performance and long-term sustainability outlook.

Adani Total Gas Limited (ATGL) has demonstrated significant progress in its sustainability efforts, as evidenced by its recent performance in the S&P Global Corporate Sustainability Assessment (CSA). The company has achieved a score of 72 out of 100, placing it in the 85th percentile within the Gas Utility sector.

Sustainability Performance Highlights

ATGL's commitment to environmental, social, and governance (ESG) excellence is reflected in the following key points:

• CSA Score: 72 out of 100
• Percentile Ranking: 85th in the Gas Utility sector
• Score Improvement: 22-point increase over the past three years

Implications of the Assessment

The S&P Global Corporate Sustainability Assessment is a comprehensive evaluation that measures a company's approach to ESG issues. ATGL's high score and percentile ranking indicate:

1. Industry Leadership: The company's position in the 85th percentile suggests it is outperforming many of its peers in the Gas Utility sector in terms of sustainability practices.

2. Continuous Improvement: The 22-point increase over three years demonstrates ATGL's consistent efforts to enhance its ESG performance.

3. Commitment to Sustainability: The score reflects the company's dedication to integrating sustainable practices into its business operations.

Disclosure and Transparency

In line with regulatory requirements, ATGL has promptly disclosed this information to the stock exchanges. The company's disclosure adheres to:

• Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024

This level of transparency allows investors and stakeholders to stay informed about the company's sustainability performance and commitments.

Conclusion

Adani Total Gas Limited's achievement in the S&P Global Corporate Sustainability Assessment underscores its progress in aligning business practices with ESG principles. As sustainability continues to be a critical factor for investors and stakeholders, ATGL's performance may positively influence its perception in the market and potentially its long-term value proposition.