DIAL Receives Strong ESG Rating of 77 from ICRA ESG, Becomes India’s First Airport With Issuer-Pay ESG Assessment

ICRA ESG Ratings Ltd has assigned an ESG Combined Rating of 77 (Strong) to Delhi International Airport Ltd (DIAL), supported by an ESG Impact Rating of 80 (Outstanding) and an ESG Transition Rating of 74 (Progressing). This marks a major milestone as DIAL becomes the first airport in India to receive an issuer-pay ESG rating.

The evaluation covered key environmental, social and governance parameters, including DIAL’s net-zero roadmap, water-positivity targets, and waste-management initiatives. Social considerations such as workforce diversity, health and safety systems, stakeholder engagement, and community programmes were also assessed. Governance factors included board structure, transparency, and disclosure practices.

ICRA ESG noted that DIAL has demonstrated strong ESG integration with a clear plan to reduce environmental impact and enhance operational transparency. However, the agency highlighted opportunities for improvement, such as deeper sustainability alignment across the supply chain and developing more formalised climate-risk frameworks.

The rating underscores the rising importance of ESG metrics in India’s aviation sector and sets a meaningful benchmark for airports aiming to align operational strategies with global sustainability standards.