Sustainable Fitch-London has affirmed Uzbekhydroenergo JSC’s ESG Entity Rating at ‘2’ and increased its entity score to 72 from 65. The affirmation reflects its positive environmental impact through hydropower generation, contributing significantly to climate change mitigation.

The improved entity score is largely due to enhanced governance structure and social metrics in 2023.

Notably, this substantial 7-point increase has positioned Uzbekhydroenergo JSC as the highest-rated company in Central Asia.

The company’s efforts to expand its capacity align with the United Nations Sustainable Development Goal (SDG) 7.2, which aims to increase the share of renewable energy.

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Sustainable Fitch’s ESG Ratings offer a global solution to assess the Environmental, Social and Governance performance of all asset classes at an entity, framework and instrument level, helping the ESG financial community make better, informed decisions. It has developed a modular analysis framework, enabling it to provide a Second-Party Opinion (SPO) and a monitored suite of ESG Ratings including Entity Rating, Framework Rating and Instrument Rating.

ESG Ratings indicate an entity’s performance, commitment, and integration of environmental and social considerations into its business, strategy and management, and the effectiveness of governance. The ratings are provided on a scale of ‘1’ to ‘5’, with ‘1’ being the best and ‘5’ the worst.

Nasiba Ziyodullayeva, UzA