Ayana Renewable Power Ranked 1st in Asia and Top 3 Globally for ESG Performance

Indian company sets global benchmarks on ESG in the renewable energy sector

Ayana Renewable Power has announced that it has been ranked 1st in Asia and among the top 3 companies globally in the renewable energy sector by ISS ESG,provider of environmental, social, and governance (ESG) research and ratings. This is a significant achievement for Ayana and reflects the company’s commitment to ESG principles and practices, said the company in a statement.

Ayana currently has a portfolio of close to 5 GW of solar, wind, and hybrid renewable power and is at the forefront of introducing Round-the-Clock (RTC) solutions.

In a statement, Shivanand Nimbargi, MD and CEO of Ayana Renewable Power, said, “Our unwavering commitment to ESG as our core focus, and the stringent ESG focus of our investors, NIIF, BII, GGEF from the very beginning, has enabled us to consistently maintain transparency in all ESG-related disclosures, follow global gold standards of governance, and meticulously adhere to proactive ESG measures going beyond compliance in all our operations.”

Vinod Giri, Managing Partner – Direct Investments at NIIF, said, “Driven by our deep-rooted dedication to leading the way in the adoption of best-in-class Environmental and Social (E&S) standards, we are immensely proud to partner with Ayana as they set industry benchmarks in ESG, not just in India but globally. This distinction underscores both Ayana’s dedication to excellence and NIIF’s unwavering focus on promoting robust ESG practices across our investments.”

Manav Bansal, MD and Head of India, British International Investment, commented: “Since establishing Ayana, we are proud of its progress as a leading renewable energy company that is delivering affordable and accessible clean energy across India. This rating is a significant achievement that reflects Ayana’s dedication to integrating ESG principles into its core business practices.”

The ISS ESG rating is based on a comprehensive assessment of a company’s environmental, social, and governance practices. Ayana’s achievement of an A (-) rating is a testament to the company’s strong ESG performance and its commitment to being a leader in the renewable energy sector.