Oil and Natural Gas Corporation Limited (ONGC) has received an ESG Rating Report from ESG Risk Assessments & Insights Limited, assigning the company an ‘Adequate’ ESG score of 49. The assessment highlights key strengths in human rights and community engagement, while also identifying areas for improvement in governance and operational safety. ONGC clarifies that this assessment was conducted independently and was not finalized in consultation with the company.
Understanding the ESG Score
The latest ESG assessment provides a granular look at ONGC’s sustainability performance, resulting in an overall score of 49, classified as ‘Adequate’ on the firm’s rating scale. The score is comprised of three primary pillars: Environment (45.47), Social (67.01), and Governance (36.02). This rating reflects the company’s broader efforts in environmental management and sustainability, though it also accounts for identified challenges in risk management and corporate governance.
Strengths and Material Considerations
The report underscores several core strengths within ONGC, specifically noting high performance in human rights protections, employment quality, and community engagement. These factors have contributed positively to the company’s social impact profile. Additionally, the company’s commitment to ISO 50001 energy management and ISO 14001 environmental standards remains a central component of its operational sustainability strategy.
Governance and Incident Review
The rating includes a comprehensive review of material events that impacted the final score, resulting in a total deduction of 12.88 points. The report details several governance and social challenges, including instances of bribery and corruption investigations, as well as multiple incidents related to occupational health and safety. These material events have been categorized by impact, with specific mentions of incidents occurring throughout 2025 and early 2026. The evaluation serves as a benchmark for the company’s ongoing efforts to enhance transparency and mitigate operational risks.
Source: BSE
