ONGC Receives Unsolicited ESG Rating Report from SES ESG Research
ONGC received an unsolicited ESG Rating Report from SES ESG Research, with a score of 61.1 for FY 2024-25. The report noted both strengths, such as ISO certifications and a Net Zero target by 2038, and areas for improvement including environmental non-compliances and governance concerns.
The announcement is of low impact as it pertains to an unsolicited ESG rating report. While ESG ratings are increasingly important, this particular report was not commissioned by ONGC, limiting its direct operational or financial impact on the company's immediate activities or investor perception.
The announcement is neutral as it reports the receipt of an unsolicited ESG rating, which is informational rather than a direct company action or financial outcome. While the report contains both positive and negative observations, the company's stance is one of acknowledgement rather than endorsement or rejection.
Oil & Natural Gas Corporation Limited (ONGC) has received an "ESG Rating Report" from SES ESG Research Pvt. Ltd. The company clarified that it had not engaged SES ESG for this rating or report, and it was independently prepared by SES ESG based on publicly available information without consultation with ONGC.
SES ESG Research Pvt. Ltd. is registered with SEBI as an ESG Rating Provider. The report, which provides an ESG Score of 61.1 for FY 2024-25, was last updated on February 5, 2026. The report highlights various aspects of ONGC's environmental, social, and governance performance, including certifications, energy consumption, waste management, employee well-being, and board composition.
Key highlights from the report indicate that ONGC has obtained multiple ISO certifications and has a building with LEED certification. Renewable energy constitutes 0.25% of its total energy consumption for FY25. The report also notes instances of environmental non-compliances, a gas release incident at Rudrasagar Field, and governance concerns related to board composition and related party transactions. Furthermore, the report mentions that ONGC has a target to achieve Net Zero operational emissions by 2038.
What to do with a filing like this
Oil & Natural Gas Corporation Limited filed this with the NSE as a statutory disclosure, categorised under esg reports. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Oil & Natural Gas Corporation Limited. Read the original for the full detail.