Oil & Natural Gas Corporation Limited has informed the Exchange about ESG Rating
ONGC · price
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ONGC has informed exchanges about receiving an unsolicited ESG Rating Report from ESGRisk.ai (SEBI-registered ESG rating provider), dated 20-03-2026. The company clarified it neither engaged the agency nor was the report finalised with its consultation. The overall ESG score is 45.47 out of 100, rated "Adequate" (46-60 range), down from 50.38 in September 2025. The Environment score stands at 45.49, Social at 67.01 (strongest), and Governance at 36.02 (lowest, "Inadequate" range). The report highlights material events including a Very High impact bribery case (CBI booked chief engineer for disproportionate assets of Rs 1.11 crore), multiple medium-impact safety incidents including a five-day fire at Mori-5 gas well and gas leaks in Andhra Pradesh, and governance concerns including a Rs 22 crore GST demand and alleged non-transparent consultancy contract award. The company has a standalone turnover of Rs 1.38 trillion and net worth exceeding Rs 3.16 trillion in FY 2024-25.
The ESG score decline and multiple high/medium-impact incidents (bribery case, safety lapses, governance issues) could raise concerns among ESG-focused investors and may invite regulatory scrutiny, though the company is not responsible for this third-party assessment.