New Delhi: Oil and Natural Gas Corporation Limited (ONGC) has earned a B- rating in the 2024 CDP Climate Score, highlighting its dedication to sustainability and transparency in environmental, social, and governance (ESG) practices. This achievement reflects ONGC’s ongoing commitment to driving significant progress toward a low-carbon and sustainable future, while adhering to global best practices in climate-related disclosures.
With over 24,800 organizations participating in the CDP, ONGC continues to contribute to a growing movement of data-driven, Earth-positive decision-making. CDP’s evaluation framework helps companies manage climate risks, comply with industry standards, and identify opportunities for sustainable growth. Strong environmental transparency, such as ONGC’s efforts, has been shown to drive long-term market success by fostering innovation, business efficiency, and investor confidence.
As India’s largest energy company, ONGC plays a key role in advancing the nation’s transition to a sustainable energy ecosystem. By improving its climate disclosures, ONGC provides valuable insights into climate risks, the impact of extreme weather events, and the effectiveness of sustainable business practices. The company’s disclosures will be shared with key stakeholders, including regulatory bodies, capital market signatories, and strategic partners.
Looking ahead, CDP plans to enhance its disclosure framework in 2025, offering greater stability and helping organizations like ONGC implement comprehensive transition plans. ONGC’s sustainability commitment remains integral to its operations, driving the balance between energy security and environmental responsibility.
