JSW Energy Secures MSCI ESG A Rating

JSW Energy Limited informed the stock exchanges that it has achieved an impressive A rating for Environment, Social, and Corporate Governance (ESG) in the latest update from Morgan Stanley Capital International (MSCI).

This rating highlights the company’s commitment to sustainability and responsible business practices, positioning it as one of the highest-rated companies among its domestic peers in the power generation sector. MSCI is renowned for providing research and decision support tools that are crucial for the global investment community, making this recognition a significant milestone for JSW Energy.

The A rating from MSCI underscores JSW Energy’s leadership in carbon emission mitigation practices and its proactive approach to capitalising on opportunities within the renewable energy space. Under its Strategy 2.0 initiative, the company has been consistently investing in renewable energy projects and expanding into sustainable products and solutions. These include ventures into green hydrogen, Floating Solar Photovoltaic (FDRE), and hybrid power solutions, which further reinforce JSW Energy’s commitment to a greener future.

Commenting on this significant achievement, the Joint Managing Director and CEO of JSW Energy, Sharad Mahendra, said, “Achieving ‘A’ rating for ESG practices from globally acclaimed MSCI is a testament to our unwavering commitment to environment stewardship, corporate governance and the 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 currently boasts a total locked-in generation capacity of 16.2 GW, which includes 7.5 GW of operational capacity and 2.3 GW under construction across wind, thermal, and hydroelectric power. Additionally, the company has a renewable energy pipeline of 6.3 GW, with Power Purchase Agreements (PPAs) signed for 2.0 GW. The company is also advancing in energy storage, with 4.2 GWh of locked-in capacity through battery energy storage systems and hydro-pumped storage projects.

Looking ahead, JSW Energy has set ambitious goals, aiming to reach a generation capacity of 20 GW and 40 GWh of energy storage capacity by 2030. Furthermore, the company has set a long-term target of achieving carbon neutrality by 2050.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.