Billionaire Gautam Adani’s Adani Green Energy Ltd (AGEL) becomes first Indian Company to achieve GRI South Asia Charter member status. AGEL is the world’s largest solar power developer and the renewable energy company of the Adani Group.
Important to note here is that AGEL had initiated this in response to a call from GRI (Global Reporting Initiative) by becoming a signatory to the GRI South Asia charter in April 2021.
“AGEL has now submitted a declaration with clearly identified UN Sustainable Development Goals (SDG) where it can make an impact in following years. These SDGs are aligned with AGEL’s sustainability strategy and show its measurable impact.” Press release from the AGEL read.
Vneet S Jaain, Managing Director and CEO of AGEL said, “AGEL is committed to ramp up its sustainability performance and build credibility as an effective corporate citizen while strengthening internal data management and reporting systems.”
Aditi Halder Director of GRI South Asia said,”I am delighted that AGEL has committed to the aims of the Charter. I would encourage other organizations in India and the wider region to join with us and work together in support of a sustainable future for all.”
Three SDGs where AGEL will make an impact:
SDG 7: To achieve it, the average tariff across the portfolio will be lower than the national APPC. The cost reduction will be achieved by improvement of technology, optimisation of resources using IoT and machine learning related digital interventions.
SDG 9: To achieve it, robust infrastructure will be setup and many digital interventions like IoT, machine learning and innovations will be used.
SDG 13: Which encourages companies to take urgent action to combat climate change and its impacts. To achieve it, AGEL has announced a target of generating 45 GW of renewable energy by 2030.
About The GRI South Asia Chapter- The Charter serves as an important stimulus to implement sustainability-oriented imperatives that help to realise the UN Sustainable Development Goals by the end of the current decade.