Sterlite Power Transmission Limited (SPTL)
Climate Impact & Sustainability Data (2020-2021)
Reporting Period: 2020-2021
Environmental Metrics
Scope 1 Emissions:1146.11 GJ (FY20), 1245.91 GJ (FY21)
Scope 2 Emissions:25216.60 GJ (FY20), 18545.76 GJ (FY21)
Total Energy Consumption:32 Million KWH/year (FY20), 23 Million KWH/year (FY21)
Water Consumption:32879 Litres (FY20), 29681.2 Litres (FY21)
ESG Focus Areas
- Decarbonisation by accelerating the integration of clean energy to the grid
- Responsible operations including inculcating responsible behavior across our supply chain
- Ensuring a safe work environment for all our employees and third-party workers
- Minimising impact on the ecosystem
- Integrating renewable energy into the grid
Environmental Achievements
- 60 MT CO2 Reduction per year in transmission lines using Eco Max, a ‘low loss conductor’ reducing RE losses
- 540,000 trees planted
- Water usage reduction by 10% across manufacturing
- 100% metal scrap recycling across manufacturing
- Reduced energy consumption through various initiatives (Jharsuguda plant avoided burning 2.2 Million litres of furnace oil per year)
Social Achievements
- Pedagogical skill development of 150,000 public school teachers
- Zero workplace fatality
- Various COVID-19 relief efforts (provision of essential items, ration, ambulance etc.)
- Community engagement initiatives (water conservation, education, healthcare etc.)
Governance Achievements
- Establishment of an ESG steering committee
- Implementation of a robust QHSE governance system
- Development of various policies (Code of Conduct, Whistle Blower Policy, Sexual Harassment Policy etc.)
- Establishment of Board Committees (Audit Committee, Nomination and Remuneration Committee, CSR Committee etc.)
Climate Goals & Targets
Medium-term Goals:
- Skill development of 50,000 future teachers by 2025
Short-term Goals:
- Reduce water consumption by 10% across manufacturing
- Improve employee engagement scores to 4.20 by 2023
- Pedagogical skill development of 1 Million public school teachers by 2025
Environmental Challenges
- Environmental activism on projects
- Lack of project finance
- Inability to monetise transmission assets
- Delay in Right of Way and land clearance
- Cybersecurity threats
- Global commodity price fluctuations
Mitigation Strategies
- Onboarding professional agencies to mitigate environmental activism
- Refinancing measures to address operational issues
- Effective management of the sale process for transmission assets
- Extensive programme to engage local communities and stakeholders to address RoW issues
- Updated cybersecurity policies and deployment of security tools
- Long-term contracts with manufacturers, monitoring of cost drivers and demand supply scenarios
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards – ‘In Accordance – Core’ approach, UN Sustainable Development Goals (SDGs), National Voluntary Guidelines (NVG) of SEBI, Citizen Charter
Certifications: ISO 45001, ISO 14001, ISO 9001, ISO 14064
UN Sustainable Development Goals
- SDG 3
- SDG 4
- SDG 5
- SDG 6
- SDG 7
- SDG 8
- SDG 9
- SDG 10
- SDG 11
- SDG 13
- SDG 15
Sterlite Power's activities are aligned with the UN's SDGs Agenda 2030.
Sustainable Products & Innovation
- Eco Max conductor
- Power Voltage Transformers (PVTs)
- Water-based concrete curing compound
- Aluminium Corrugated Sheathed Cable
- Geomat
Awards & Recognition
- EEF Global Sustainability Awards (2019 & 2021)
- Golden Peacock Awards for Occupational Health & Safety
- ET Innovation Award
- Great Place to Work certification
- IPMA Project Excellence Awards
- S&P Global Platts Global Energy Award
- Bentley Awards
- IDC Innovation Awards
- Golden Peacock Innovative Product/Services Award
- Most Sustainable Organisation of the Year 2019
- Asset Triple A Asia Infrastructure Award
- Asian Power Awards
- International RoSPA Gold Category Award
- Golden Peacock Occupational Health, Safety Award
- SKOCH Award
- Business World CFO & Strategy Award
- Protection Brazil Awards