Aarti Industries Responds to ESG Rating Discrepancy, Files Appeal Following NSE Assessment

Aarti Industries has announced receipt of an ESG Rating of ’65’ from NSE Sustainability Ratings & Analytics, effective February 17, 2026. The company noted a significant variance between this new rating and assessments from other globally recognized agencies (EcoVadis and S&P Global, both rating 78). Due to this notable difference, Aarti Industries is initiating an appeal process to provide further clarity on its documented ESG initiatives and performance metrics.

Receipt of New ESG Rating

Aarti Industries Limited has been informed via email from NSE Sustainability Ratings & Analytics, dated February 17, 2026, that the Company has been assigned an ESG Rating of ’65’. This rating reflects the company’s performance across Environmental, Social, and Governance parameters as assessed by the NSE Sustainability Ratings & Analytics (ERP).

Comparison with Other Global Ratings

The company noted that this new assessment varies significantly when compared to ratings provided by other globally recognized agencies. Key data from these previous assessments are summarized below:

  • EcoVadis: Assigned a rating of 78 in April, 2025, based on participation at a specific customer request.
  • S&P Global: Assigned a rating of 78 in December, 2025, following participation via the Corporate Sustainability Assessment (CSA) invitation.

Company Response and Appeal

While the Company respects the rigorous framework of the rating agencies, it finds that the recent rating from NSE Sustainability does not fully reflect its current sustainability performance and disclosures. Consequently, the Company is in the process of filing an appeal. This appeal process will focus on providing further granular clarity to the agency to ensure the final rating is aligned with the company’s documented ESG initiatives. The information regarding this development was released on February 18, 2026.

Source: BSE

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