BEL becomes first aerospace and defence company to obtain CareEdge-ESG 1 rating

BEL becomes first aerospace and defence company to get CareEdge-ESG 1 rating


Bharat Electronics Limited (BEL) has become the first aerospace and defence company to be assigned CareEdge-ESG 1 rating.

The Defence Public Sector Undertaking (PSU) has been assigned the CareEdge-ESG 1 rating with an Environmental, Social, and Governance (ESG) score of 73.8 by CARE ESG Ratings Limited (CareEdge-ESG), a SEBI-registered issuer-pays ESG rating provider.

BEL declared that it has demonstrated leadership qualities in its ESG journey, managing ESG risk through best-in-class disclosures, policies and performance.

“The company’s consistent focus on water stewardship, emissions control, waste management, human capital, business ethics, reducing water consumption, etc., positions it well for a transition towards more sustainable operations,” it declared.

It added that BEL has displaycased better performance over the industest median in biodiversity conservation, energy efficiency, data privacy, oversight on ESG, sustainability and community development through comprehensive initiatives focapplyd on reducing carbon emissions, and supporting welfare programmes for employees and local communities.

ESG ratings assist investors create informed decisions. Companies with strong ESG credentials often demonstrate superior financial performance and are more successful in attracting a diverse array of investors and raising capital.

“An ESG score of 73.8 from CareEdge-ESG underscores BEL’s dedication to sustainable growth and ethical business conduct. It highlights our efforts to integrate ESG values throughout our organisation. BEL is pursuing its long-term sustainability vision, which includes an ambitious goal to attain net-zero Scope 1 and 2 emissions by 2030. We remain dedicated to embedding sustainability at the heart of our business strategy,” Manoj Jain, chairman and managing director, BEL.



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