Adani Power

Does the core business genuinely avoid or reduce emissions, or build climate resilience? Share of revenue that is actually 'green'. Fossil-dependent models score low.

Adani Power's core business is coal-fired power generation — one of the most carbon-intensive activities on the planet — and the Global Coal Exit List identifies the Adani Group as the world's second largest developer of coal power, meaning the company actively worsens the climate, not improves it.

Credible, science-based targets (SBTi), a real net-zero plan with progress to date, and CDP disclosure — not just a dated press release.

Adani Power has no SBTi-validated targets and no credible net-zero pathway; the group's SBTi commitments cover only its transmission (ATL) and renewable (AGEL) arms, and Adani Power's own sustainability page touts a CDP Climate Change score of 'B' (management band, matching the thermal sector average) and vague pledges like biodiversity policies and tree-planting — none of which constitute science-based emission reduction targets for a coal generator.

Operational footprint, labour and social practices, and governance quality across the company's own operations and supply chain.

Adani Power reports in GRI/BRSR frameworks and claims a 73rd-percentile DJSI-S&P Global CSA score, and has implemented some operational measures (FGD scrubbers, water recycling), but its social record is marred by documented worker fatalities at coal plants, community displacement, and the group-wide human rights controversies including forest destruction at Hasdeo Aranya affecting 15,000 Indigenous Adivasi people.

Quality of disclosure, independent third-party verification, and how much hard data backs the company's claims.

Adani Power publishes annual ESG reports aligned with GRI and BRSR and discloses to CDP (scoring a B), but disclosures are primarily self-reported with limited independent third-party assurance of quantitative emissions data, and the group's governance scandal — including allegedly false anti-bribery statements in SEC-registered bond offerings — materially undermines the credibility of all disclosed claims.

Controversies, litigation, pollution, fossil-fuel lobbying, conflict-zone involvement and governance scandals. Higher means cleaner.

In November 2024, a US federal grand jury indicted Gautam Adani and seven associates on charges of securities fraud, wire fraud, and conspiracy to violate the Foreign Corrupt Practices Act, alleging a scheme to pay over $250 million in bribes to Indian government officials; separately, Hindenburg Research in 2023 alleged decade-long stock manipulation and accounting fraud, and the group has faced documented environmental violations, worker deaths, and community displacement across multiple jurisdictions.