Management approach for environment and climate action
We have established Environmental Policy and Climate Change Policy that set the tone for our practices and procedures related to environmental stewardship and climate action. We have implemented Environmental and Social Management System (ESMS) line with the ISO 14001:2015 standard at all our operations, ensuring we systematically manage and mitigate our environmental impacts. We conduct half-yearly internal audits and annual external audits, to ensure the efficacy of the ESMS. Our Board-led Corporate Responsibility Committee (CRC) is responsible to oversee organisation’s climate and ESG-related performance and initiatives.
We have tied sustainability objectives and ESG metrics into the Key Result Areas (KRAs) of the personnel across various management levels of the organisation. Achievements of targets related to climate change, environment management, human capital development and occupational health and safety are integrated into the performance goals and variable compensation of our top management team. We empower our employees and management with comprehensive trainings and clear role definitions to uphold our environmental standards.
Climate and Environment Policies
Read about our Climate and ESG governance, click here
Climate-related Risks Assessment and Strategy
We conducted climate-related risk assessment for our entire operations and value chain to identify key physical and transition risks, in alignment with Task Force on Climate-related Financial Disclosures (TCFD). These risks are integrated into our Enterprise Risk Management framework. The assessment also helped us in identifying opportunities for a low-carbon transition.
Climate Action and Decarbonisation Strategy
Our Climate strategy is aligned with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations and complements the United Nations' Sustainable Development Goals (SDGs).
Internal Carbon Pricing
We have implemented Internal Carbon Pricing through a shadow pricing mechanism to address climate-related risks and opportunities. The carbon price has been determined in the range of USD 20-30/tCO2. This price is based on three key factors:
- Cost of offsets
- Cost of Renewable Energy Certificates (RECs)
- Carbon pricing scenario outlined by the Network for Greening the Financial System (NGFS)
Accelerating Value Chain Decarbonisation
EV Adoption in Company’s Fleet
We have adopted an Affirmative Action Policy under the World Business Council for Sustainable Development (WBCSD) initiative to gradually adopt Electric Vehicles (EVs) in the fleet of our Company owned vehicles with a goal of 65% EV adoption by 2030. In FY 2024-25, our EV adoption rate in the fleet has been 46%.
We have tied sustainability objectives and ESG metrics into the Key Result Areas (KRAs) of the personnel across various management levels of the organisation.
CDP Supplier Engagement Program
We encourage our supply chain partners to disclose their GHG emissions. As a result, 87% suppliers have engaged with CDP Suppliers Engagement Program.
Obtaining LCA Reports from Suppliers
As part of the working group at Global Alliance for Sustainable Energy, have obtained Life Cycle Assessment (LCA) or Environment Product Declaration (EPD) from 86.6% of our identified main equipment suppliers.
Improving Energy Efficiency through SAVE Approach
Our Energy Management Policy focusses on energy efficiency and sustainability using the “SAVE” approach, which stands for Systematic, Adoption, Value-added, and Engagement. We focus on systematically identifying and reducing energy consumption and adopt energy-efficient technologies, across our facilities, buildings, and offices, ensuring compliance with relevant laws & regulations. In FY25, we have been able to reduce our energy intensity and operational GHG emissions intensity by 11%.
ENOC: Digital Solution for Renewable Energy Management
Our state-of-the-art Energy Network Operation Centre (ENOC) provides a technology-driven platform for real-time monitoring and management of renewable energy assets, ensuring efficiency in operations and asset performance. We aim to maximise energy production, minimise downtime, and optimise the utilisation of renewable resources, using the digital solutions.
