06-11/2-0206 : By Z A Ansari : New Delhi, November 6, 2026: NTPC has seen its ESG score upgraded to 64.6 by SES ESG Research Private Limited, sources said. The new score improves upon the previously communicated rating of 64.2 and is based on the company’s response along with data for FY 2025-26.
The upgrade reflects steady gains in NTPC’s environmental, social and governance performance over recent years. Sources familiar with the assessments pointed out that SES ESG Research had earlier assigned the company a score of 62.8 in the Medium category based on FY 2024-25 data, before raising it to 64.2 and now further to 64.6. Parallel improvements have come from other agencies.
Also Read : NTPC Green Energy Begins Commercial Operations at Kalasar Solar ProjectMSCI ESG Ratings moved NTPC from CCC to B and subsequently to BB, recognising stronger performance in sustainability, governance and climate responsibility, sources said. The company has also recorded an improvement in its CDP Water Security rating from D to C, while receiving a Crisil ESG score of 62 in the Strong category and a CARE ESG rating of 74.3 in the Leadership category.
These successive upgrades come amid NTPC’s ongoing efforts to expand its renewable energy portfolio, improve water conservation and biodiversity practices, and strengthen its overall ESG framework. The latest score of 64.6 underlines the company’s positive momentum and incremental progress on the sustainability front, sources added.
