Gujarat Narmada Valley Fertilizers and Chemicals Limited has informed the Exchange about ESG Ratings assigned by CFC Finlease Private Limited.
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Gujarat Narmada Valley Fertilizers and Chemicals Limited (GNFC) has been assigned an ESG rating of 70 by CFC Finlease Private Limited. The company clarified that it did not engage CFC Finlease for this rating and the assessment was done independently by the agency. The disclosure was also submitted to BSE, and the information has been made available on the company's website.
An ESG rating of 70 is a moderately positive signal regarding the company's environmental, social, and governance practices, which may appeal to ESG-focused investors. However, since the company did not commission this rating, its credibility and influence on stock price are likely limited.