JSW Energy achieves A rating in MSCI ESG update
Published on : Tuesday 06-08-2024
This significant achievement acknowledges the company’s ESG practices and positions it as one of the highest-rated.
Mumbai, August 5, 2024 – JSW Energy Limited has announced that it has achieved an A rating for Environment, Social and Corporate Governance (ESG) in the latest update from Morgan Stanley Capital International (MSCI) ESG rating. MSCI is a leading provider of research and critical decision support tools for the global investment community.
This significant achievement acknowledges the company’s ESG practices and positions it as one of the highest-rated among its domestic peers in the power generation sector.
The rating underscores the Company for leading its peers in carbon emission mitigation practices and capitalising on opportunities in renewable energy space. Under Strategy 2.0, the company has been consistently investing in renewable projects and expanding into sustainable products and solutions like green hydrogen, FDRE and hybrid power.
Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, said: “Achieving 'A' rating for ESG practices from globally acclaimed MSCI is a testament to our unwavering commitment to environment stewardship, corporate governance and human capital development. We are committed to a better and sustainable future for generations to come, driven by our renewable-led growth strategy and our goal of attaining carbon neutrality by 2050.”
JSW Energy has total locked-in generation capacity of 16.2 GW comprising 7.5 GW operational, 2.3 GW under-construction across wind, thermal and hydro and RE pipeline of 6.3 GW (PPAs signed for 2.0 GW). The company also has 4.2 GWh of locked-in energy storage capacity through battery energy storage system and hydro pumped storage project. The Company aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030. JSW Energy has set an ambitious target of achieving Carbon Neutrality by 2050.
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