Energy
Environment

As NTPC improves its ESG score, why it may be too early to celebrate. (Hint: think coal)

As NTPC improves its ESG score, why it may be too early to celebrate. (Hint: think coal)
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Coal stored outdoors at the National Thermal Power Corporation (NTPC) plant in Dadri, Uttar Pradesh.

Synopsis

As per Morningstar Sustainalytics’ July ratings, the power producer's ESG score has improved from ‘severe’ to ‘high-risk’. NTPC had earlier chalked out a clear clean-energy road map and implemented a series of conservation initiatives. But the power giant has now gone back to burning coal to meet increased power demand, and this could impact its future sustainability score.

By &
9 mins read, Last Updated:
NTPC, the country’s largest public-sector power producer, has just got a pat on the back. Its ESG (environmental, social, and governance) rating has gone up one notch – from ‘severe’ to ‘high-risk’. The rating by Morningstar Sustainalytics, which reviews companies every year, is for the period ending July 2022. But the celebrations at NTPC could be short-lived and future ratings could go downhill. For, the company has now switched back to

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