Climate Change Data

Environmental Metrics

ESG Focus Areas

• Green Energy
• Community Well-being
• Sustainable Business Practices

Environmental Achievements

• Reduced water consumption by 50% in module cleaning through robotic solutions.
• Utilized treated sewage water for dust control.
• Used solar-powered inverters at construction sites, reducing fuel consumption.

Social Achievements

• Earmarked ₹4.01 crore for CSR projects (₹0.82 crore spent), focusing on education, skill development, clean water, sanitation, and COVID-19 relief.
• Developed Anganwadis into Nandhghars, providing pre-primary education and skill development for women.
• Supported National Bag Making, providing skill training and employment to disabled persons.

Governance Achievements

• Appointment of new Independent Directors to enhance board diversity and decision-making.
• Implementation of a global harmonised SAP ERP system.
• Established a state-of-the-art Security Operating Centre (SOC).

Climate Goals & Targets

Environmental Challenges

• Sustained increase in metal and PV module prices and rising inflation.
• Policy challenges including renegotiation of PPAs, curtailment of solar power, delayed payments, and land possession difficulties.
• Supply chain constraints and COVID-19 lockdowns significantly drove up project costs and delayed projects.

Mitigation Strategies

• Cost optimization and bidding strategies to navigate turbulent times.
• Leveraging Reliance Industries' integrated vision and supply chain capabilities.
• Augmenting solar PV module manufacturing under the Production Linked Incentive (PLI) scheme.

Supply Chain Management

Responsible Procurement

• Strict vendor selection process
• 3-stage audit process of vendor facilities
• Pre-shipment inspection

Climate-Related Risks & Opportunities

Opportunities

• Green hydrogen production
• Solar + BESS projects

UN Sustainable Development Goals

• Goal 7: Affordable and Clean Energy
• Goal 13: Climate Action

Sustainable Products & Innovation

• Floating solar solutions
• Hybrid & energy storage solutions

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced water consumption by 50% in module cleaning through the use of semi/fully automatic robots.
• All solar plant lighting design is based on LED (which typically uses approx. 25-80% lesser energy and lasts approx. 3-25 times longer)

Social Achievements

• Launched various initiatives for employee well-being, including health insurance, accident insurance, and maternity benefits.
• Implemented “Meri Awaaz Suno” platform for employees and workers to raise queries and grievances.

Governance Achievements

• Established a robust Vigil Mechanism/Whistle Blower policy.
• Implemented a comprehensive risk management framework.

Climate Goals & Targets

Environmental Challenges

• Rising cost of solar modules due to higher commodity prices and supply chain disruptions.
• Increased labour costs and site overheads in the US and Australia.
• Skills shortage in Australia.
• Grid issues in India affecting O&M.

Mitigation Strategies

• Strong inventory management and long-term contracts with variable pricing.
• Aggressive implementation of cost reduction and revenue enhancement initiatives.
• Strategic tie-ups with suppliers for mega projects.
• Focus on digitalisation in project execution and O&M.
• Increased dependence on technological alternatives for plant surveillance, module cleaning, and remote monitoring.

Supply Chain Management

Responsible Procurement

• Sustainable sourcing procedures
• Supplier/vendor Code of Conduct covering EHS and Human Rights

Climate-Related Risks & Opportunities

Physical Risks

• Adverse weather events

Reporting Standards

Frameworks Used: BRSR

Certifications: ISO 45001:2018, ISO 14001:2015, ISO 9001:2015

Environmental Metrics

ESG Focus Areas

• Governance and Business Ethics
• Occupational Health and Safety
• Climate change
• Avenues in renewable energy
• Water conservation
• Vendor management
• Social and environmental compliance
• Community Engagement

Environmental Achievements

• 20% reduction in construction and maintenance waste compared to 2022
• achieved 8% reduction of greenhouse gas emissions by 2025

Social Achievements

• Community development programs have demonstrably improved livelihoods around project sites, exceeding initial engagement targets
• No reportable injuries or fatalities

Governance Achievements

• 100% board evaluation completion rate
• No case of breach of code of conduct

Climate Goals & Targets

Environmental Challenges

• environmental concerns like land-use impact and responsible waste management
• social issues like ensuring fair labor practices throughout the supply chain and community engagement
• Climate change events pose a risk to our operations and asset management, affecting both internal and external stakeholders.
• Assessment of Environmental and Social Practices, encompassing vendor Procurement Methods

Mitigation Strategies

• We adhere to stringent corporate governance standards and a comprehensive code of business ethics to ensure transparency in all our business practices.
• Dedicated to our pledge of prioritizing safety and health, we firmly believe that fostering trust, enhancing productivity, and upholding our commitment to excellence are paramount. With established policies in place, we diligently monitor every operational site to ensure adherence to these principles.
• Our goal is to perform climate change risk assessments for all operational sites in accordance with the GHG protocol, fulfilling Eco-Vadis requirements.
• We are committed to include 100% of our vendors and suppliers in the ESG Supply Chain program. Additionally, we will conduct Eco Vadis evaluations for critical and significant manufacturing suppliers.

Supply Chain Management

Responsible Procurement

• Suppliers’ Code of Conduct

Climate-Related Risks & Opportunities