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Tata Power Tops S&P Global’s Corporate Sustainability Assessment Among Power Companies

Praveer Sinha, CEO & MD of Tata Power, says, the rank is a testament to company's efforts towards building an organisation that truly lives up to the principle of Go Green.

Tata Power esg

Tata Power on Friday said it has achieved the highest score among Indian power companies in the recently released Corporate Sustainability Assessment (CSA) by S&P Global, and performed well across environmental, social and governance parameters, the company said in a statement.

The company scored 67 out of 100, which is much higher than the global average for power companies. More than 10,000 companies from around the world were evaluated in S&P Global’s CSA assessment.

Praveer Sinha, Chief Executive Officer (CEO) and Managing Director, Tata Power said, “We are delighted to receive this encouraging score in the S&P Global Corporate Sustainability Assessment. This is a testament to our efforts towards building an organisation that truly lives up to the principle of Go-Green.”

S&P Global Ratings ESG Evaluation is an assessment of a company’s ESG strategy and ability to prepare for potential future risks and opportunities. The ESG Evaluation is a tool for investors as it provides a forward-looking, long term opinion of readiness for disruptive ESG risks and opportunities.

Another company, Macrotech Developers (Lodha) scored 58 out of 100 in the 2021 S&P Global Corporate Sustainability Assessment. This was Macrotech Developers’ first attempt at the assessment. With the company performing in the 87 percentile in the real estate industry, it is amongst the top 13% of companies assessed globally under S&P Global Corporate Sustainability Assessment this year.

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