Date: 18.09.2026
ESG Rating Disclosure
ONGC has received an ESG Rating Report from Crisil ESG Ratings & Analytics Ltd. The company clarifies that it neither engaged the agency for report preparation nor was the report finalized in consultation with the company.
The report assigned ONGC a Crisil ESG Score of 57 and Crisil Core ESG score of 65, which the company states is "low and not commensurate with its efforts" in decarbonization initiatives and governance structure.
Company's Disagreement with Rating
ONGC disputes the rating despite its:
- Elaborate disclosures on Scope 3 emissions
- Target to achieve net zero Scope 1 and 2 operational emissions by 2038
- Detailed disclosures made in Business Responsibility and Sustainability Report (BRSR)
The company received a particularly low score of 44 out of 100 on Environmental parameters.
Factual Error Identified
ONGC identified a factual error in the report regarding attendance of Independent Directors in Board and Board Level Committee meetings. The actual attendance was:
- 100% attendance of independent directors in Board and BLC meetings
- Except for leave of absence in one BLC meeting by an Independent Director (~92.30% attendance)
Not Specified Sections
No material disclosures under the following sections: Financial Results, Dividend Declaration, Board Meeting Outcomes, KMP Changes, Auditor's Report, Disinvestment/Strategic Actions, Fundraising, or Media Release/Investor Communication.