Greenko Energy Holdings Limited
Climate Impact & Sustainability Data (2021-04 to 2022-03 and 2022-01 to 2022-12)
Reporting Period: 2021-04 to 2022-03 and 2022-01 to 2022-12
Environmental Metrics
Total Carbon Emissions:3,067.78 tCO2e/year (Scope 1) in FY 21-22, 2,575.24 tCO2e/year (Scope 1) in CY 2022
Scope 1 Emissions:3,067.78 tCO2e/year (FY 21-22), 2,575.24 tCO2e/year (CY 2022)
Scope 2 Emissions:15,801.48 tCO2e/year (FY 21-22), 32,234.76 tCO2e/year (CY 2022)
Scope 3 Emissions:39,645.02 tCO2e/year (FY 21-22), 39,533.32 tCO2e/year (CY 2022)
Water Consumption:85,991 KL/year in FY 21-22, 275,508.22 KL/year in CY 2022
ESG Focus Areas
- Climate Change
- Circular Economy
- Diversity, Equity and Inclusion
- Agility and Innovation
- Digital and Cyber Security
- Compliance
Environmental Achievements
- Reduced GHG emissions by 8.69 Mt of CO2 Direct & Indirect in FY 21-22 and 9.47 Mt in CY 2022
- Avoided 47.32 MtCO2e in 2022
- Reduced water usage (though increased compared to previous year)
- Initiated Plastic Protocol to reduce single-use plastics
- Implemented food composting technology reducing CO2 emissions
Social Achievements
- Launched Greenko School of Sustainability and Climate Change in partnership with IIT Hyderabad
- Achieved 89.38% staff retention rate in FY 21-22 and 90.42% in CY 2022
- Increased per capita safety training hours
- Zero fatalities
- Unadjusted median gender pay gap of 5.4% in FY 21-22
- Invested in community development programs benefiting over 321,053 people
Governance Achievements
- Implemented a structured ESG framework
- Continued active Board and committee deliberations on transformational strategy
- Augmented ESG risk management
- Maintained robust risk management system
Climate Goals & Targets
Long-term Goals:
- Become a leading decarbonisation solution provider
Medium-term Goals:
- Achieve Net Zero by 2040
- Develop 100 GWh of low-cost energy storage
Short-term Goals:
- Reduce water consumption
- Complete Pinnapuram IRESP by 2024
Environmental Challenges
- Climate-related events (excessive rainfall, floods, drought, etc.)
- Complex and rapidly evolving regulatory landscape
- Capital intensity of energy transition
- Supply chain disruptions
- Pandemic impact on community development initiatives
Mitigation Strategies
- Strategic shift to delivering reliable renewable power through Intelligent Energy Platforms and Pumped Storage Systems
- Development of alternative sourcing strategies
- Robust risk management system
- Structured ESG framework
- Strategic targeting and effective investment in community development
Supply Chain Management
Supplier Audits: Regular audits conducted
Responsible Procurement
- Code of conduct for suppliers
- Green procurement practices
- Emphasis on social parameters (statutory compliance, health and safety, human rights)
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Changes in rainfall patterns
- Changes in solar radiation and temperature
Transition Risks
- Policy changes
- Market shifts
- Technological changes
Opportunities
- Increased demand for renewable energy
- Development of energy-efficient products
Reporting Standards
Frameworks Used: IIRC, GRI Standards, UN SDGs, World Economic Forum’s stakeholder capitalism indices
Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO 27001:2013
UN Sustainable Development Goals
- SDG 7
- SDG 11
- SDG 12
- SDG 13
- SDG 9
- SDG 17
Initiatives contribute to affordable and clean energy, sustainable cities and communities, responsible consumption and production, climate action, resilient infrastructure, and partnerships for the goals.
Sustainable Products & Innovation
- Intelligent Renewable Energy Storage Platforms
- Green hydrogen
- Green ammonia
Awards & Recognition
- The Most Innovative Company Award
- Best Hydropower Generator
- Best Wind Developer
- Best Solar Developer
- Golden Peacock Award
- CII Performance Excellence Awards
- National Corporate EHS Award
- US India Trade Award