While doing so, we actively take into consideration the impact of our business operations on the surrounding environment and the well-being of our community members. We are acutely aware of our responsibilities and believe that it is pertinent for us to actively participate in the sustainable development trajectory of the nation. Moreover, we continually monitor and review sustainability-related risks and opportunities and use this as input to build strategy and create value for our business and stakeholders.
Our ESG Ambitions
Vision
To become a transformative force in power generation, empowering lives and contributing to the energy security of nations by providing sustainable, affordable and reliable power
Purpose
To ensure and assist in achieving Nation’s energy security
Goals
- Inline with India's ambition of achieving Net Zero Emissions by 2070
- To achieve Emission Intensity of 0.84tCO2e/MWh by FY 2026-27
- To maintain Water Intensity below 2.5m3/MWh
- To be in the top 5 Companies of the World in ESG Benchmarking of Electric Utility Companies by FY 2026-27
Aligning with UNSDGs
Health and Safety Commitment
Target: Achieve Zero Harm and Zero Leak objectives by 2025-26 through:
- Leadership commitment to health and safety.
- Uniform deployment of safety standards and procedures across all operations
- Capacity building through regular training and development programmes
- Implementation of robust systems and processes to monitor and improve safety performance
Tree Plantation Contribution
Target: Contribute to the pledge of planting 100 million trees by 2030 by:
- Organising and participating in tree plantation drives
- Collaborating with environmental organisations and local communities
- Monitoring and reporting the progress of tree plantation efforts annually
Single-use Plastic-Free Certification
Target: Achieve Single-use-Plastic-Free (SuPF) certification for 100% of operating locations by the end of fiscal year 2025-26 by:
- Eliminating single-use plastics from all operations
- Implementing sustainable alternatives and practices
- Conducting regular audits to ensure compliance with SuPF standards
Biodiversity Integration
Target: Integrate biodiversity considerations into management systems by 2025-26 to ensure:
- No net loss to biodiversity in business operations
- 100% alignment with the India Business Biodiversity Initiative (IBBI)
- Public disclosure of biodiversity impacts and mitigation measures
- Stakeholder expectations
Inclusive Growth and CSR Initiatives
Target: Promote inclusive growth by 2025-26 through:
- Undertaking Corporate Social Responsibility (CSR) initiatives aligned with business impacts
- Focussing on projects that leave positive footprints and enhance societal happiness
- Engaging with local communities to address their needs and priorities
Climate Awareness
Target: Create awareness on climate-related issues among employees by 2025-26 by:
- Organising training sessions and workshops on climate change and sustainability
- Providing regular updates on the company's climate action initiatives
- Encouraging employee participation in climate-related activities and programmes
Diversity and Inclusion Policy
Target: Develop and implement a diversity and inclusion policy by 2025-26 to:
- Foster a diverse and inclusive workplace culture
- Ensure equal opportunities for all employees
- Monitor and report on diversity and inclusion metrics
TNFD Biodiversity Assessment
Target: Conduct biodiversity assessments as per the Taskforce on Nature-related Financial Disclosures (TNFD) LEEP Framework by 2025-26 by:
- Locating, evaluating, assessing, and preparing for biodiversity impacts.
- Integrating biodiversity considerations into financial decision-making.
- Reporting on biodiversity-related risks and opportunities.
Human Rights Due Diligence
Target: Conduct human rights due diligence by 2025-26 to:
- Identify and address human rights risks in business operations and supply chains
- Implement policies and practices to protect human rights
- Regularly review and report on human rights performance
ESG Framework
Guiding Principles
United Nations Global Compact (UNGC)
UN Sustainable Development Goals (UNSDG)
India Business & Biodiversity Initiative (IBBI)
Workforce Disclosure Initiative
Disclosure Standards
IFRS S2
GRI 2021
CDP
S&P CSA
SEBI’s BRSR
Policy Commitment
- Integrated Management System Policy
- ESG Policy
- Supplier Code of Conduct
- Code of Conduct
- Environment, Health and Safety Policy
- Energy and Emission Policy
- Biodiversity Policy
- Land Procurement Policy
- Diversity, Equity and Inclusion Policy
Robust ESG Governance and Impact Management
- Board-led ESG governance with support from management team to drive implementation
- Structured process for stakeholder engagement and material issues identification
- Regular audits and inspections to enhance compliance
- Training and capacity building of employees and business partners to drive impact
Best-in-class Management Systems and Assurance
Integrated Management Systems
- ISO 9001:2015
- ISO 45001:2018
- ISO 55001:2014
- ISO 14001:2015
- ISO 50001:2018
Information Security and Business Continuity
- ISO 27031:2011
- ISO 27001:2022
- ISO 22301:2019
Social Accountability
ESG and Climate change Governance
The Board of Directors and its Corporate Responsibility Committee (CRC) comprising 100% independent directors, oversee and guide Adani Power’s Climate and ESG governance. Our Board of Directors has delegated CEO with full responsibility for the sustainability disclosures. Our governance structure ensures effective decision-making and consistent implementation of strategies across all levels.
Adani Power’s Board and Its Committees
(CRC, RMC, CSRC, SRC)
- The Board and its committees, especially the CRC, are responsible for execution, monitoring, and reporting of ESG and climate-related agenda
ESG Apex Committee
(CEO, CSO and Functional Leaders)
- Oversees the strategic and operational aspects of climate-related issues, sustainability performance and value creation
- Develops management systems and provide operational directions to the ESG programme
ESG Core Working Group
(ESG Project Champions from various functions)
- Executes ESG initiatives across all functions, in line with the vision and directions provided by the Board and the Apex Committee
CRC: Corporate Responsibility Committee
RMC: Risk Management Committee
CSRC: Corporate Social Responsibility Committee
SRC: Stakeholders' Relationship Committee
Environment
| Key Indicators |
Performance in FY 2024-25 |
Targets |
| Climate Change – Energy and Emissions |
| Net Zero |
Decarbonisation strategy - In progress |
In line with India’s net zero target of 2070 |
| Energy Efficiency |
0.85 tCO₂e/MWh |
0.84 tCO₂e/MWh by FY 2025-26 |
| Environmental Compliance |
100% complied |
To be 100% complied with MoEFCC |
| Internal Carbon Pricing (ICP) |
ICP calculated (in FY 2023-24) |
Establish ICP |
| Resource and Waste Management |
| Water Efficiency |
2.17 KL/MWh |
To maintain below 2.5 KL/MWh |
| Zero Liquid Discharge (ZLD) Plants |
Maintained ZLD in all hinterland plants |
100% ZLD plants |
| Single-Use-Plastic (SUP) free certification |
9 out of 12 Plants certified with SUP free certification |
To achieve SUP free status for 100% operational locations |
| Biodiversity |
| No Net Loss of Biodiversity (NNL) in alignment with IBBI |
Progress on track towards achieving NNL |
Committed to NNL |
| Nature-related assessments in alignment with TNFD framework |
50% locations assessed (achieved in FY 2023-24) |
100% operational locations to be assessed by FY 2025-26 |
| Tree Plantation |
5.74 lakh trees planted |
To plant 7.85 million trees by FY 2029-30 |
| ESG Ratings |
| ESG Ranking in Electric Generation sector |
Rank 1 in India and among top 20 globally in Pure Thermal power generation (as per CSA by S&P) |
Rank among the Top 5 global companies by FY 2026-27 |
Social
| Key Indicators |
Performance in FY 2024-25 |
Targets |
| People and Health & Safety |
| Women representation of workforce |
2.42% |
15% recruitment of Female GETs during Campus recruitment |
| Work-related fatality (employee) |
0 |
0 |
| Work-related injury (Employee) |
0 |
0 |
| Supply Chain |
| ESG evaluation of suppliers |
344 new onboarded suppliers evaluated |
ESG screening/evaluation of 100% manufacturing suppliers to be completed by FY 2026-27 |
Governance
| Key Indicators |
Performance in FY 2024-25 |
Targets |
| Corporate and ESG Governance |
| Cases of violation of Code of Business Ethics and Conduct |
Zero |
Zero |
| Cases of discrimination and sexual harassment |
One |
Zero |
| Cases of human rights violations |
Zero |
Zero |
| ESG upskilling of Board of Directors |
100% |
100% |
ESG Ratings
68/100S&P Global CSA*
CCCMSCI
Ranked in the 77th PercentileCSRHUB
SUSTAINALYTICS33.0
3.6/5Global Rank 3 in alternative electricity segment FTSE Russell
54/100Adequate Rating for Power Sector in ESG assessment
*8 points lost on total CSA score due to Media and Stakeholder Analysis (MSA).
Awards and Recognitions
Adani Power recognised for Exemplary Commitment to Sustainability at the Times Now Sustainable Organisation 2024 summit
Mundra TPP received the 2nd CEE National Environment Excellence Award
Raipur plant won the ‘Gold Award’ in the 16th EXCEED Green Future Award 2024 for Environmental Sustainability in Power (Inclusive Renewables)
Adani Power attains the ‘Emerging Industry Leader band’ based on the CII Business Excellence Assessment under the Business Excellence Framework
Adani Power has demonstrated significant progress and has been shortlisted for the following categories of awards, by increasing the score from 24 to 95 percentile –
- The WDI Award - Runner Up - Overall Disclosure Score: 95%
- Most improved - Runner Up
- Contingent workforce data - Special Mention
- Workforce action - Special Mention
