NTPC Limited announced that its ESG rating has been upgraded from B to BB by MSCI ESG Ratings, effective March 23, 2026. This marks the second upgrade in the current Financial Year, reflecting strengthened commitment to sustainability, governance, and climate responsibility. The upgrade underscores NTPC’s transition towards a cleaner energy portfolio and a robust ESG framework at the management level.
MSCI ESG Rating Improvement Announced
NTPC Limited has received formal notification regarding an upgrade in its Environmental, Social, and Governance (ESG) rating from MSCI ESG Ratings. The rating has been elevated from B to BB, which became effective on March 23, 2026. The company views this change as a substantial achievement, marking its second ESG rating upgrade within this current Financial Year.
Reflecting Enhanced Corporate Performance
This rating enhancement directly reflects NTPC’s enhanced performance across key areas, including sustainability initiatives, corporate governance standards, and climate responsibility actions. Specifically, the upgrade acknowledges the company’s ongoing transition to a cleaner energy portfolio. Furthermore, it highlights the embedding of a stronger ESG framework throughout the management structure and at the Board levels.
Independent Reporting Note
It is noted that the Company has not engaged MSCI ESG Ratings directly for this assessment. The report was independently prepared by MSCI based solely on company data available in the public domain. The official communication regarding this positive development was dated March 26, 2026.
Source: BSE