Refex Industries Gets ESG Score of 70 for FY25 from NSE Sustainability Ratings
Refex Industries Limited received an ESG Score of 70 for FY2025 from NSE Sustainability Ratings, up from 69 in FY2024. Scores were 61 (Environment), 77 (Social), and 73 (Governance). A Core ESG Rating of 58 was also achieved. The rating is based on publicly available data.
An improved ESG score can enhance investor confidence and attract socially responsible investment, potentially influencing the company's long-term valuation and access to capital. However, the score itself does not directly translate to immediate financial gains.
The company's ESG score has improved year-over-year, and the individual pillar scores indicate positive performance in Social and Governance aspects, with a stable Environment score. This reflects positively on the company's commitment to sustainability.
Refex Industries Limited has received an Environmental, Social, and Governance (ESG) Score of 70 for FY 2025 from NSE Sustainability Ratings & Analytics Limited, an NSE group company. This represents an improvement from the previous fiscal year's score of 69. The company's individual pillar scores for FY2025 are 61 for Environment, 77 for Social, and 73 for Governance. The ESG assessment was independently prepared by NSE Sustainability based on publicly available data for FY 2024-25, and the company did not engage NSE Sustainability for this rating.
NSE Sustainability Ratings & Analytics Limited, a SEBI registered ESG Rating Provider (ERP), evaluated 500 listed companies in India. The report highlights key drivers for Refex Industries' scores. In the Environment pillar (score 61), the company shows alignment with industry averages for greenhouse gas emissions and improved water intensity and waste management, though it lags in renewable energy adoption. The Social pillar (score 77) reflects a low lost time incident rate, zero fatalities, adequate health insurance, a balanced workforce with sufficient female representation, and a lower number of employee grievances, despite higher-than-average employee turnover. The Governance pillar (score 73) indicates a strong presence of independent directors on the board and its committees, meeting or exceeding regulatory requirements.
Additionally, Refex Industries achieved a Core ESG Rating of 58 for FY2025, with sub-scores of 52 for Environment, 67 for Social, and 57 for Governance. The ESG rating methodology used by NSE Sustainability considers performance, compliance, policy, initiatives, and best practices, benchmarking against peers and sector-agnostic parameters where applicable.
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Refex Industries 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 medium impact: worth reading, rarely worth acting on by itself.
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