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Environment, social and governance

Striving towards ESG excellence

At Adani Enterprises, sustainability is at the core of our growth strategy, deeply embedded in our business philosophy of creating long-term value.

Our environmental stewardship focusses on achieving a net-positive impact, with a strong emphasis on decarbonisation, innovative energy solutions, and efficient resource management. We are committed to reducing our carbon footprint through cutting-edge technologies and responsible business practices that align with global climate goals. Social responsibility is integral to our ethos. We prioritise the well-being of our employees, stakeholders, and the communities in which we operate. Our commitment to human rights, workplace safety, fair labour practices, and inclusive community development initiatives reflects our dedication to creating shared value. By fostering social equity and empowerment, we aim to make a meaningful difference in the lives we touch. Governance remains the foundation of our sustainable business approach. With a strong corporate governance framework led by our Board and its committees, we uphold high standards of ethics, transparency, and regulatory compliance across all our operations. Our risk management and accountability mechanisms ensure that we remain a responsible, forward-thinking enterprise that inspires trust and confidence.

We remain steadfast in our mission to drive positive transformation, cultivate strategic partnerships, and set new benchmarks in sustainability. At Adani Enterprises, ESG is not just an obligation – it is a commitment to building a greener, more inclusive, and ethically governed future.

Message from the CSO

At Adani Enterprises, we continue to demonstrate our unwavering commitment to sustainability. Our approach is holistic, integrating Environmental, Social, and Governance (ESG) principles into every aspect of our operations. We are dedicated to fostering a culture of sustainability within our organisation, empowering our employees, and engaging with our stakeholders to drive positive change.

Our progress over the past year has been remarkable, yet we remain aware of the journey ahead. We will continue to innovate, collaborate, and invest in sustainable solutions to build a resilient future for all. Our strength lies in our ability to adapt and thrive in the face of adversity, and we are confident that our efforts will contribute to a more sustainable and equitable world. Our journey towards decarbonisation and energy transition is a testament to our dedication to creating a sustainable and resilient future. In FY 2024-25, we have made significant strides in reducing our carbon footprint and advancing our energy transition initiatives. We have invested in cutting-edge technologies and innovative solutions to enhance energy efficiency and reduce greenhouse gas emissions across our operations. Additionally, our businesses have significantly increased their uptake of renewable energy.

Together, we can achieve our vision of a sustainable future, where growth is measured not just by financial success but by the positive impact we have on our planet and its people. We remain steadfast in our commitment to sustainability and look forward to continuing this journey with strength and resilience.

Vivek PandaChief Sustainability Officer

ESG oversight

At Adani Enterprises, our ESG initiatives are driven by a structured oversight mechanism at both the Board and Executive management levels, ensuring a comprehensive approach to addressing ESG-related risks and opportunities.

Board of Directors

The Board of Directors (Board) is responsible for the strategic supervision and management of the Company, ensuring sustainable success in the long term. The Board also has the fundamental role of managing and controlling risks, including those pertaining to ESG dimensions, establishing strategic guidelines, approving policies, assessing the degree of efficiency and adequacy of the internal control systems, reviewing them periodically, and ensuring proper implementation.

Corporate Responsibility Committee

We have established a Board-level ESG committee, known as the Corporate Responsibility Committee (CRC), composed entirely of independent directors. The CRC is responsible for overseeing the development and implementation of critical policies and monitoring key ESG-related issues, including climate action, energy efficiency, human rights, gender diversity and safety.

It assesses the material impact of these issues on our business, devises mitigation strategies, sets targets, and evaluates our overall ESG strategy, processes, and performance. The CRC also provides assurance to the Board regarding the progress made by AEL and its businesses towards the Company's ESG goals and targets.

Other ESG-Related Board Committees

The Board is further supported by several other Board level committees, such as the Corporate Social Responsibility Committee (CSRC), Stakeholder Relationship Committee (SRC), and the Risk Management Committee (RMC), which guide the Company's ESG strategy and performance, including compliance with applicable regulatory standards.

Read more about our Board committees and their roles/ responsibilities in the Governance section

AEL ESG Committee

At the executive management level, AEL has established an internal ESG committee, chaired by the Chief Sustainability Officer (CSO) and comprising sustainability leads from various business units. This committee ensures the effective execution of the ESG strategy and monitors its performance.

It plays a crucial role in aligning business activities with the Company's ESG goals and ambitions, driving minimal environmental impact, and achieving continuous improvement in our operations. The committee is also responsible for the effective implementation of ESG policies and procedures, as well as assessing and managing ESG-related risks and opportunities, including those related to climate change.

AEL Corporate ESG Function

The corporate ESG function, led by the CSO, is responsible for developing the Company's ESG Agenda and supporting business ESG teams in its implementation.

This function also undertakes and oversees initiatives related to business sustainability at the AEL level. Additionally, they monitor company-level ESG performance and are responsible for preparing AEL's ESG disclosures.

Business Sustainability Teams

Guided by AEL's coporate ESG function, the business-wise teams are responsible for the implementation and execution of the sustainability projects as well as tracking and monitoring of performance at the business level.

They are further supported by site-wise sustainability SPOCs/teams who lead the sustainability agenda at the site-level.

Policy Framework

We have instituted comprehensive policies addressing key aspects of ESG, aligned with global and national standards as well as industry best practices. These policies guide our practices, procedures, and actions. The Board and its committees are responsible for approving these policies and overseeing their implementation. Our policy framework is supported by well-defined management-level roles and responsibilities to ensure effective execution.

Read more about our policies in the Governance section

Our ESG Goals and Targets

AEL has established ambitious goals and targets across its various business sectors, including those aimed at achieving Net Zero. We are committed to continuous improvement in our ESG performance and regularly review our ESG strategies, targets, and initiatives to ensure they remain relevant and effective.

Environment
Target Status in FY 2024-25
45% reduction in Emission intensity1 by 2030 65%
30% reduction in Energy Consumption intensity1 by 2030 47%
50% of electricity consumed from Renewable Energy sources by 2030 24%
50% reduction in Water Consumption intensity1 by 2030 81%
95% of generated waste diverted away from landfill by 2030 99%

1Reduction in intensity on a revenue basis (in ₹), against the base year of FY 2021-22

Social
Target Status in FY 2024-25
100% of employees trained on Human Rights parameters 64%
100% of plants and offices assessed on Human Rights indicators 100%
25% of total procurement directly sourced from MSMEs/small producers 34%
100% customer satisfaction among survey respondents 99%
Zero instances of discrimination, child labour, forced labour or other human right violations 07
Annual Safety assessment of 100% of plants and offices 100%
Governance
Target Status in FY 2024-25
50% of the Board of Directors to be Independent and Non-executive 50%
20% of the Board of Directors to be female 12.5%
100% of the Board Committees (Statutory and Non-statutory) to be chaired by Independent Directors 100%
Capacity building on ESG for 100% of the Board of Directors 100%
Zero breaches on cybersecurity or instances related to violation of data privacy Zero
Awards and Accolades