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Adani Green Energy Ltd (AGEL) on Monday said it has integrated the guidance of the Taskforce on Nature-related Financial Disclosures (TNFD) into its core sustainability strategy, reinforcing its shift toward nature-positive renewable energy development. The TNFD framework is a global, science-led initiative founded by the United Nations Environment Programme Finance Initiative, the United Nations Development Programme, the World Wildlife Fund and Global Canopy. It provides a structured framework for organisations to identify, assess, manage and disclose nature-related risks and opportunities. By aligning with the TNFD framework, AGEL strengthens its leadership among global renewable companies integrating biodiversity considerations into strategic decision-making, supporting both global conservation priorities and India's climate leadership. This strengthens AGEL's ambition to transition from traditional Environmental, Social, and Governance (ESG) compliance to a more integrated, ..
CareEdge Ratings on Monday upgraded Adani Green Energy's rating from 'AA-' to 'AA/Stable' due to its market leadership position, robust execution capabilities, and strong operational and financial profile. According to a CareEdge Ratings statement on ratings assigned to bank facilities of the company, as of June 30, Adani Green Energy Ltd (AGEL) had an operational portfolio of 15.8 GWAC, comprising 70 per cent solar, 13 per cent wind, and 17 per cent hybrid assets. In addition, the company has an under-construction portfolio of 15.1 GWAC, targeted for development in the next 4-5 years, the agency said. AGEL's strong execution track record is demonstrated by its rapid scale-up of operations in recent years and its ability to develop projects in challenging locations, such as Khavda, Gujarat, where it currently operates 5.6 GWAC. It has a long-term vision to establish a cumulative capacity of 30 GWAC in Khavda going forward. Operational performance remained robust, supported by high