Shakti Pumps (India) Limited has announced an upgrade in its Environmental, Social, and Governance (ESG) rating by ICRA ESG Ratings Limited. The company’s overall ESG Impact Rating has been elevated from 75 to 78, maintaining a “Good” classification. This improvement reflects strengthened ESG performance across environmental, social, and governance parameters during FY26.
Shakti Pumps Achieves Higher ESG Rating
Shakti Pumps (India) Limited is pleased to announce a significant improvement in its Environmental, Social, and Governance (ESG) performance, as recognized by ICRA ESG Ratings Limited. The company’s overall ESG Impact Rating has been upgraded from 75 to 78, continuing to hold a “Good” rating. This enhancement signifies Shakti Pumps’ ongoing commitment to sustainable business practices and robust corporate governance.
Key ESG Performance Improvements
The upgrade from a score of 75 to 78 highlights the company’s strengthened ESG profile, particularly noted in its performance during FY26. This progress is attributed to several key factors, including the adoption of enhanced sustainability targets, improvements in health and safety performance, expanded Corporate Social Responsibility (CSR) and community engagement initiatives, and more comprehensive environmental disclosures.
ESG Impact Rating Break-up
The detailed breakdown of the ESG Impact Rating shows specific improvements across different parameters:
- Environment: Increased from 78 (Good) to 81 (Outstanding).
- Social: Improved from 76 (Good) to 80 (Outstanding).
- Governance: Rose from 70 (Good) to 71 (Good).
The company expresses pride in this achievement, viewing it as a reflection of its dedication to responsible growth and creating sustainable value. Shakti Pumps emphasizes that sustainability is deeply integrated into its business strategy, guiding decisions related to renewable energy, resource efficiency, governance, and social responsibility.
Source: BSE
