{"id":1785,"date":"2023-11-25T06:59:45","date_gmt":"2023-11-25T06:59:45","guid":{"rendered":"https:\/\/fashionradicalsnews.com\/?p=1785"},"modified":"2023-11-25T06:59:45","modified_gmt":"2023-11-25T06:59:45","slug":"adani-groups-dedication-to-esg","status":"publish","type":"post","link":"https:\/\/fashionradicalsnews.com\/adani-groups-dedication-to-esg\/","title":{"rendered":"Adani Group&#8217;s Dedication to ESG"},"content":{"rendered":"\n<p>The businesses in the Adani portfolio are dedicated to long-term growth and taking advantage of previously untapped opportunities. Despite the <strong>Adani Group controversies<\/strong>, the highest responsibility standards in all facets of their operations are shaping and influencing their growth. The combination of accountability and excellence has improved stakeholder involvement, respect, trust, valuations, and business sustainability. The group&#8217;s dedication to Environment, Society, and Governance has resulted in numerous recognitions from leading international ESG evaluators.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The Environmental, Social, and Governance (ESG) policy of the Adani Group consists of:<\/strong><\/h2>\n\n\n\n<ul>\n<li><strong>Environmental:<\/strong> Preservation of resources, tackling climate change<\/li>\n\n\n\n<li><strong>Social:<\/strong> Moral business conduct, fair labour practises, and social behaviour<\/li>\n\n\n\n<li><strong>Governance:<\/strong> Social and business governance that works<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>ESG initiatives of the Adani Group (business wise)<\/strong><strong><\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Adani Enterprises Ltd.<\/strong><\/h3>\n\n\n\n<p>ESG encompasses and connects to essential elements within the Adani Group, such as environmental concerns, including resource conservation and climate change, ethical business and social conduct, good labour practices, and efficient corporate and social governance. The Adani Group has pledged to invest in the green transition, including the green hydrogen value chain, despite the<strong> <a href=\"https:\/\/www.newsinheadlines.com\/adani-groups-inspiring-commitment-to-clean-energy-amid-controversies\/\" target=\"_blank\" rel=\"noopener\">Adani Group controversies<\/a><\/strong>. AEL is dedicated to managing the risks associated with climate change throughout its business operations and creating plans that adhere to international best practices.<\/p>\n\n\n\n<p>Additionally, it advances the goals of the Paris Agreement.<\/p>\n\n\n\n<ul>\n<li>Received the &#8220;Aegis Graham Bell&#8221; Award for Innovation in Manufacturing went to Adani Solar.<\/li>\n\n\n\n<li>Attained Platinum certification from the Indian Green Building Council (IGBC) for the &#8220;Data Centre&#8221; facility located in Chennai and the &#8220;Solar business&#8221; building located in Mundra.<\/li>\n\n\n\n<li>At the ASSOCHAM 14th International Conference and Awards for Civil Aviation, 2023, MIAL (Mumbai International Airport Ltd.) took home the Best Sustainable Airport title.<\/li>\n\n\n\n<li>Adani Airports has switched all its corporately owned diesel cars to electric ones at all locations.<\/li>\n<\/ul>\n\n\n\n<p>Adani Airport&#8217;s operational emissions have been reduced by 44%.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Adani Ports &amp; SEZ Ltd. (APSEZ)<\/strong><\/h3>\n\n\n\n<p><strong>APSEZ, or Adani Ports &amp; SEZ Ltd., has implemented various ESG measures along with dealing with the Adani Group controversies, such as:<\/strong><\/p>\n\n\n\n<ul>\n<li><strong>Carbon neutrality:<\/strong> By 2025, APSEZ hopes to achieve carbon neutrality.<\/li>\n\n\n\n<li><strong>Renewable energy:<\/strong> By 2025, APSEZ aims to produce all its electricity to come from renewable sources.<\/li>\n\n\n\n<li><strong>Decreased emissions:<\/strong> By 2025, APSEZ wants to achieve a 50% decrease in energy intensity and a 60% reduction in emission intensity.<\/li>\n\n\n\n<li><strong>Science-Based Targets Initiative:<\/strong> APSEZ became the third port worldwide and the first port in India to enlist in the SBTI.<\/li>\n\n\n\n<li><strong>Climate Ambition Alliance:<\/strong> APSEZ has pledged to achieve net zero emissions by 2050 as a member of the Climate Ambition Alliance.<\/li>\n\n\n\n<li><strong>India Business &amp; Biodiversity Initiative:<\/strong> APSEZ is a registered participant in the initiative.<\/li>\n<\/ul>\n\n\n\n<p>The Adani Ports &amp; SEZ Ltd. (APSEZ) aims to reduce energy intensity by 50% and emission intensity by 60% by FY25, with a 100% renewable energy mix in power usage.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Adani Green Energy Ltd. (AGEL)<\/strong><\/h3>\n\n\n\n<p>With a current project portfolio of 20,434 MW, AGEL is among the biggest renewable enterprises in India. India will have a brighter, cleaner, and greener future thanks partly to the Adani Group&#8217;s pledge, which includes AGEL. Utility-scale grid-connected solar and wind farm projects are developed, constructed, owned, operated, and maintained by the company, which is guided by the Group&#8217;s principle of &#8220;Growth with Goodness.&#8221; Government-backed enterprises, as well as federal and state governments, get the electricity produced.<\/p>\n\n\n\n<p>Due to long-term 25-year Power Purchase Agreements (PPAs) with federal and state governments, AGEL has increased its presence in 12 Indian states by utilising its capabilities. Even with the <strong>Adani Group controversies<\/strong>, the company deploys the latest technologies in its projects. AGEL, with its 54 operational projects and 12 ongoing construction projects, spearheads India&#8217;s transition to renewable energy. The AGEL&#8217;s ESG achievements include:<\/p>\n\n\n\n<ul>\n<li>Received a &#8220;water positive&#8221; certification from DNV for FY23.<\/li>\n\n\n\n<li>Received the Grow Care India Platinum Environment Award in honour of the most significant degree of dedication and care for environmental management.<\/li>\n\n\n\n<li>Won the &#8220;Leaders Award&#8221; at the Sustainability 4.0 Awards, which were given out by The Energy Research Institute (TERI) and Frost &amp; Sullivan together.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Adani Transmission Ltd.<\/strong><\/h3>\n\n\n\n<p>The revenue of Adani Transmission Ltd. is 1,38,40,00,00,000. The firm deals with electricity transmission, and its counterparties are central and state power distribution organisations. These alliances are dependable and provide excellent visibility and revenue stability. Adani Transmission&#8217;s most recent price goals, despite the <strong>Adani Group controversies<\/strong>, are 1,470.00 \/ share at the high and 1,414.00 at the low. Compared to the most recent reported closing price of 857.55\/share, the average price objective reflects a 66.52% rise.<\/p>\n\n\n\n<ul>\n<li>With its subsidiary and top distribution company, Adani Electricity Mumbai Ltd. (AEML), the most significant private transmission and distribution company in India, attained a 30.04% renewable electricity mix.<\/li>\n\n\n\n<li>Aim for a 60% procurement share of renewable energy by FY27.<\/li>\n\n\n\n<li>According to UNSDG (United Nations Sustainable Development Group), 6, 30 substations and 7 TL clusters have already attained <strong>&#8220;Net Water Positive&#8221;<\/strong> status.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Conclusion<\/strong><\/h3>\n\n\n\n<p>Adani Group is committed to ESG and is taking various initiatives to reduce its environmental impact and improve its social and governance practices. The company has set ambitious goals for renewable energy procurement and carbon neutrality.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The businesses in the Adani portfolio are dedicated to long-term growth and taking advantage of previously untapped opportunities. Despite the Adani Group controversies, the highest responsibility standards in all facets of their operations are shaping and influencing their growth. The combination of accountability and excellence has improved stakeholder involvement, respect, trust, valuations, and business sustainability. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1786,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[594],"_links":{"self":[{"href":"https:\/\/fashionradicalsnews.com\/wp-json\/wp\/v2\/posts\/1785"}],"collection":[{"href":"https:\/\/fashionradicalsnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fashionradicalsnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fashionradicalsnews.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/fashionradicalsnews.com\/wp-json\/wp\/v2\/comments?post=1785"}],"version-history":[{"count":1,"href":"https:\/\/fashionradicalsnews.com\/wp-json\/wp\/v2\/posts\/1785\/revisions"}],"predecessor-version":[{"id":1787,"href":"https:\/\/fashionradicalsnews.com\/wp-json\/wp\/v2\/posts\/1785\/revisions\/1787"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fashionradicalsnews.com\/wp-json\/wp\/v2\/media\/1786"}],"wp:attachment":[{"href":"https:\/\/fashionradicalsnews.com\/wp-json\/wp\/v2\/media?parent=1785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fashionradicalsnews.com\/wp-json\/wp\/v2\/categories?post=1785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fashionradicalsnews.com\/wp-json\/wp\/v2\/tags?post=1785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}