ESG18 Sept 2026, 07:20 pm
ONGC Receives Low ESG Rating from Crisil
AI Summary
Oil and Natural Gas Corporation Ltd (ONGC) has received an ESG Rating Report from Crisil ESG Ratings & Analytics Ltd. ONGC stated that it did not engage Crisil for this report and that the scores (Crisil ESG Score of 57, Crisil Core ESG score of 65) are not commensurate with its decarbonization efforts and governance. The company highlighted a factual error regarding independent director attendance and its net-zero targets by 2038. ONGC received a below-average score of 44 out of 100 on environmental parameters.
Key Highlights
- ONGC received an unsolicited ESG rating report from Crisil.
- Company disputes Crisil's low ESG scores (57) and Core ESG scores (65).
- ONGC highlights net-zero targets and decarbonization efforts.
- Factual error noted in the report regarding director meeting attendance.
- Environmental parameters scored 44/100, deemed below average.
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