Adani Green Emerge Victor With The Sustainability 4.0 Award

Adani Green: Adani Green Energy Limited (AGEL), the world’s largest solar power developer and the renewable energy arm of Adani portfolio companies, has won the ‘Sustainability 4.0 Awards 2022′ jointly organized by Frost & Sullivan and The Energy and Research Institute (TERI). Leaders’ Award. The AGEL has emerged as one of the topmost ‘Sustainability Front Runners’ under the ‘Mega Large Business’ category in the service sector.

Santosh Kumar Singh, Chief Sustainability Officer, AGEL, says, “We are committed to our ESG goals, and this award is testimony to our relentless efforts to be more flexible, proactive and progressive with the changing times. The Sustainability 4.0 Award recognizes the positive transformation of a group, led by the adoption of sustainability as a joint journey for the betterment of people and the planet.

Appraisals and recognitions from such prestigious institutions reinforce our resolve to establish a robust system for integrating sustainability into all business processes, the CSO adds.

The 13th edition of this prestigious legacy was organized by Frost & Sullivan, which has over 50 years of experience partnering with 1000 global companies, emerging businesses and the investment community across six continents, and the TERI. The award aims to recognize the most influential companies that promote sustainability and are actively working for the betterment of the environment.

It highlights the importance of linking an organization’s strategy, governance and financial performance to the social, environmental and economic environment in which it operates, and allows businesses to make long term decisions that ensure stakeholder value.

The AGEL’s relentless pursuit of sustainability can be seen in its operations and the CSR initiatives. All of the AGEL’s operating sites are single-use plastic free and it has recently been certified Zero Waste to Landfill (ZWL) for 100% of its operating capacity for the FY22. The AGEL is also a partner of the Indian Business and Biodiversity Initiative and is committed to doing business with ‘No Net Loss’ for Biodiversity.

By producing and supplying renewable energy, the AGEL has avoided 23.6 million tonnes of CO2 emissions accumulated to date. As a step towards realizing the twin objective of promoting domestic manufacturing along with accelerating renewable energy footprints, under the ‘Atmanirbhar Bharat’ program, the AGEL along with Solar Energy Corporation of India (SECI), has signed the world’s largest ever green power purchase agreement for 4.67 gigawatt green energy supply.

The company continues to contribute to the lives of those around its operations, directly and indirectly impacting more than 3.7 million people. AGEL’s positive initiatives have resulted in a visible change in its operations over the years, and this Sustainability 4.0 Award is certainly going to encourage the company to further its sustainability vision.

About Adani Green Energy Limited

Adani Green Energy Limited (AGEL) is the renewable energy platform of the Adani portfolio. The company has one of the world’s largest renewable portfolios, with 20.4 GW of locked-in growth across operational, under-construction, awarded and acquired assets that cater to investment grade counterparties.

The company develops, builds, owns, operates and maintains utility-scale grid-connected solar and wind farm projects. The AGEL is focused on decarbonisation of electricity generation and helping India meet its sustainability goals.

US-based think tank Mercom Capital has ranked Adani Group as the #1 global solar power generation asset owner. The AGEL has also been recognized as the Global Sponsor of the Year by Project Finance International (PFI), recognizing it as a key driver of the energy transition.