Climate Change Data

Environmental Metrics

ESG Focus Areas

• Renewable Energy
• Climate Change Mitigation
• Energy Efficiency

Environmental Achievements

• Increased renewable energy loan book (excluding large hydro >25MW) at a CAGR of 35% in 5 years

Social Achievements

• Not disclosed

Governance Achievements

• Established a Green Bond Framework aligned with Climate Bonds Standard version 3.01, Green Bond Principles (GBP) 2021, and Green Loan Principles (GLP) 2021. Independent third-party review and assurance by KPMG and certification by Climate Bonds Initiative.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Climate Bonds Standard version 3.01, Green Bond Principles (GBP) 2021, Green Loan Principles (GLP) 2021

Certifications: Climate Bonds Initiative

Third-party Assurance: KPMG

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Supported 50 GW renewable energy capacity (around 25% of India's non-fossil fuel based installed capacity)
• Disbursed more than Rs. 1 lakh crores in renewable energy sector
• RE loan book grew at a CAGR of 16% over the last five years
• Rs. 2.37 trillion worth MoUs inked in clean energy space
• Financed projects supporting energy transition across renewable energy, e-mobility, energy efficiency, etc.
• CO2 emission avoidance potential of 885 Lakh Tonnes per year from RE investments
• Sanctioned a loan of Rs 633 crores to Gensol Engineering Ltd. for procurement of electric vehicles, resulting in estimated 1.13+ lakh tonnes CO2 emission avoidance
• Financed a Rs. 35 crores public street lighting project in Maharashtra, resulting in an expected 84.5% reduction in energy consumption and estimated 20,000 metric tons decrease of CO2 emission
• Sanctioned Rs. 172 Crores for Maharashtra’s first Integrated Waste to Energy Project, estimated ~7 lakh tonnes of CO2 equivalent emission avoided annually
• Sanctioned Rs. 480 crores for Nagpur Wastewater Management Plant and Rs. 50 crores for Chandrapur Wastewater Management Plant, increasing freshwater availability for residents and supporting power plants operation during water stress
• Financed Rs. 1156 crore towards setting up four desalination plants in Gujarat with a combined capacity of 270 MLD

Social Achievements

• Low attrition rate of 0.7%
• 21.5% women employees (highest among Maharatna PSUs)
• Zero gender pay gap
• 100% return to work after maternity leave
• Sanctioned Rs 215 Crore for CSR activities in FY2023-24
• Supported skill development for youth through MoA with CIPET, training 1000 participants
• Funded a project for supply, installation and commissioning of 50 Any Time Water Machines in Uttar Pradesh, providing hygienic drinking water to a population of more than 10,000 people
• Supported IIT Madras in setting up a state-of-the-art research undergraduate anatomy laboratory

Governance Achievements

• Established a dedicated ESG Unit in 2023
• Conducted first ESG Materiality Assessment exercise in March-April 2024
• Implemented a formal grievance redressal mechanism
• Utilize Government e-Marketplace (GEM) for transparent procurement
• Procured products and services worth Rs. 58.54 crore, with 69.82% from MSEs
• Implemented a paperless system of medical claims reimbursement
• Introduced flexi-timing for employees
• Established a state-of-the-art Data Centre
• Implemented a layered approach to cyber security
• Implemented a paperless E-office

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Prioritizing sourcing from micro and small enterprises (MSEs) through GEM

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 6 (Clean Water and Sanitation)
• SDG 7 (Affordable and Clean Energy)
• SDG 8 (Decent Work and Economic Growth)
• SDG 9 (Industry, Innovation and Infrastructure)
• SDG 13 (Climate Action)

PFC's initiatives contribute to these goals through renewable energy financing, water conservation projects, skill development programs, and support for sustainable infrastructure.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• 37th amongst largest 500 Indian Companies (FORTUNE India 2023)
• SAFA Gold Award in Best Presented Accounts (FY 2021-22)
• SCOPE’s Meritorious Award
• India’s ”Leading Infrastructure Finance Company” (Dun & Bradstreet 2024)
• 2nd among Central Public Sector Enterprises for procuring goods and services from MSME Businesses
• CSR Award at the Outlook Planet Sustainability Summit & Awards 2024