Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Our People
• Community Engagement
• Value Chain Management
• Robust Governance

Environmental Achievements

• Installed c.830 MW of renewable energy assets (c.710 MWp of solar capacity and c.125 MW of wind capacity), offsetting approximately 1.3 million tonnes of CO2 each year.
• Tamil Nadu solar farm is now net water neutral.
• Reduced water consumption through dry cleaning techniques by 7556292.64 litres.

Social Achievements

• Partnered with Act Grants to establish 22 oxygen generating units, covering 1500+ ICU patients during India’s COVID-19 crisis.
• Zero injuries, Lost Time Injury Frequency Rate (LTIFR), Occupational Disease Cases (ODCs), fatalities, lost days, Total recordable work-related injuries, high consequence work-related injuries.
• 95 out of 195 employees recommend working with CleanMax (8.1 engagement score).

Governance Achievements

• Established an ESG roadmap.
• Achieved 100% compliance with company's code of conduct and policies.
• Implemented a robust risk management system.

Climate Goals & Targets

Environmental Challenges

• Water unavailability due to competing demands and climate change.
• COVID-19 pandemic impacting supply chains and operations.
• Regulatory changes around net metering provisions.

Mitigation Strategies

• Investing in sustainable water management solutions (robotic cleaning, dry module cleaning, rainwater harvesting).
• Developing new operating procedures and safety protocols in line with COVID-19 guidelines.
• Diversifying project portfolio across various states to reduce risk concentration from regulatory changes.

Supply Chain Management

Responsible Procurement

• Vendor code of conduct incorporating ESG considerations
• Preferential Purchase Policy
• Incorporation of recycled content in purchased materials

Climate-Related Risks & Opportunities

Physical Risks

• Shifting weather patterns, climatic variability, extreme weather occurrences

Transition Risks

• Regulatory changes around net metering provisions

Opportunities

• Growing demand for renewable energy in the Commercial and Industrial sector

Reporting Standards

Frameworks Used: GRI Standards: Core option

Certifications: ISO 45001:2018, ISO 55001

Awards & Recognition

• Financial Times and IFC Transformational Business Awards 2018
• National Excellence Awards 2016 (Government of India)
• Fastest Growing Solar Developer of the Year 2021 (EQ’s UAE ANNUAL SOLAR AWARDS)
• Best Hybrid Project (Mercom India Awards 2021)
• Forbes Leadership award: Green Warrior (Forbes India Leadership Awards 2021-2022)
• Best Propagating Organisation Award-2021 (QCFI)
• Leadership & Tech Excellence award in Asset Management (Suryacon 2022)
• Project Performance Excellence Award (Solar), Best Performing Asset Portfolio of The Year- Rooftop (Industrial) (RE Asset India award 2022)

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Achieved Carbon Neutrality (Scope 1 and Scope 2) as of March 2023
• 100% waste diversion from disposal into landfills
• 40%+ of all Utility Scale Solar Portfolio certified as Water Neutral
• 20.37% improvement in energy intensity from 7.63 in FY 2021-22 to 6.07 in FY 2022-23
• ISO 14001:2015 (EMS) certification

Social Achievements

• GRESB score of 93, surpassing the industry average of 79
• 8.62/10 Customer Satisfaction Index Score
• 94% of workforce categorized as low-risk in Employee Health Index (EHI)
• 12,537 hours of work at height training in FY 2022-23
• Launched Women Accelerator Program

Governance Achievements

• Zero Incidents in Ethics and Integrity in FY 2022-23
• ISO 45001:2018 recertification for Occupational Health and Safety Management System (OHSMS)
• 100% of grievances resolved and closed

Climate Goals & Targets

Environmental Challenges

• Climate change posing risks to operations, affecting revenue and expenditure
• Unavailability of primary resources (water, sunlight) due to climate change
• Health and safety of employees at stake due to climate change
• Supply chain disruptions impacting raw material availability

Mitigation Strategies

• Implementation of HSE 2.0 with 7 Life Saving rules
• Increased training hours (12537 person hours)
• Theme-based safety inspections
• Development of standard operating procedures (SOPs) for sites with animal presence
• Introduction of behavior-based safety management
• Installation of skylight protector mesh

Supply Chain Management

Supplier Audits: 15 long-term vendors surveyed; site visits conducted to verify information

Responsible Procurement

• Supplier code of conduct
• ESG criteria for vendor selection
• Third-party audits on compliance requirements
• Incorporation of recycled content in purchased materials

Climate-Related Risks & Opportunities

Physical Risks

• Flooding
• Infrastructure damage
• Water supply disruptions
• Reduction in generation output

Transition Risks

• Regulatory changes
• Supply chain disruptions

Opportunities

• Increased demand for renewable energy

Reporting Standards

Frameworks Used: GRI Standards 2021, UN SDGs

Certifications: ISO 14001:2015, ISO 45001:2018

Third-party Assurance: Lloyd’s Register Quality Assurance (LRQA)

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Hybrid renewable energy solutions (wind-solar farms)

Awards & Recognition

• 4-star GRESB rating
• Various awards listed in the report