ESG Rating Updated by Third-Party Assessor

ESG Risk Assessments & Insights Limited has updated HPCL's Environmental, Social and Governance (ESG) rating following clarifications provided by the company.

Fri 25 Sep 2026

What happened

ESG Risk Assessments & Insights Limited has updated HPCL's Environmental, Social and Governance rating. HPCL provided clarifications to support the rating process.

Company's view

HPCL believes the updated rating underrepresents its sustainability efforts. The company states it has made comprehensive disclosures in its Integrated Annual Report and Business Responsibility & Sustainability Report, and has ongoing sustainability initiatives, but the rating does not reflect these adequately.

Key clarification

HPCL emphasizes that it did not engage ESG Risk Assessments & Insights Limited to conduct the rating. The assessor independently prepared the report without being hired by the company.

What investors should know

Third-party ESG ratings are increasingly important to investors evaluating corporate responsibility. HPCL's public disagreement with the rating suggests a gap between how the company views its ESG performance and how an independent assessor has scored it. The rating is publicly available, and investors can review both the rating and HPCL's stated sustainability disclosures to form their own view on the company's environmental, social, and governance practices.

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