Ather Energy Gets ESG Score of 47, Seeks Review

Ather Energy has been assigned an Environmental, Social, and Governance (ESG) rating of 47 for fiscal year 2024-25 by NSE Sustainability Ratings. The electric vehicle maker plans to submit comments to the rating agency for reconsideration of the score, which was based on publicly available data.

ESG ratings assess a company's performance across environmental, social, and governance factors. Investors increasingly use these scores to evaluate long-term sustainability and potential risks, making them key metrics for stakeholder perception.

Ather Energy is an Indian electric scooter manufacturer contributing to the nation's push for sustainable transportation and its expanding electric vehicle market.

The company aims to clarify the data or its interpretation, as the current rating relies solely on publicly accessible information. Ather Energy will engage with NSE Sustainability Ratings to provide its feedback.

While specific ESG ratings for direct electric scooter rivals are not readily public, larger automotive firms like TVS Motor Company and Bajaj Auto are also increasing their focus on sustainability. These companies are under observation for their environmental impact and governance practices during the auto sector's transition to electric vehicles.

Moving forward, attention will be on Ather Energy's engagement with the rating agency and any potential adjustments to its ESG score. Future ESG assessments for Ather and its competitors in the EV sector will also be closely watched.