Vena Energy, Asia-Pacific’s leading renewable energy company, announced it received an Environmental, Social and Governance (ESG) Risk Rating of 9.5 following an assessment by Sustainalytics.
The rating places Vena Energy in within the top 1st percentile of the Utilities industry globally and in Sustainalytics’ “Negligible risk” category, said the press release.
The company is committed to engaging with local communities throughout the lifecycle of its portfolio projects, as well as incorporating internationally recognized ESG standards into its strategy and business practices.
Nitin Apte, CEO, Vena Energy said, “Sustainability is the centrepiece of our strategy and the compass of our corporate mission to accelerate the energy transition across Asia Pacific.”
We have embraced a culture of continuous improvement in all our activities, and we will keep challenging ourselves to pursue excellence and become a point of reference in ESG practices in our industry, he added.
Sustainalytics, a Morningstar company, is a leading independent ESG research, ratings and data firm that supports investors around the world with the development and implementation of responsible investment strategies.
Sustainalytics works with hundreds of the world’s leading asset managers and pension funds who incorporate ESG and corporate governance information and assessments into their investment processes. The firm also works with hundreds of companies and their financial intermediaries to help them consider sustainability in policies, practices, and capital projects.
Vena Energy has a fully integrated business model and an extensive local presence throughout the region with 48 corporate and site offices in Australia, India, Indonesia, Japan, Philippines, Singapore, South Korea, Taiwan, and Thailand.
Last month Vena Energy has announced the commercial operation of its 14 MW Hitachiomiya 2 Solar Project, in the Ibaraki Prefecture in Japan.