Gautam Adani Group is at the forefront of India’s green energy transition. The group has set a target of becoming net-zero by 2050 or earlier for five of its portfolio companies – Adani Green Energy, Adani Energy Solutions, Adani Ports & SEZ, ACC and Ambuja Cement. Ambuja Cements is also India’s largest integrated infrastructure developer.
ESG or environmental, social and governance parameters are used to screen investments based on corporate policy and encourage companies to act responsibly.
“It’s a pleasure for AGEL to come second…”: Adani Group Chairman Gautam Adani on Mercom Capital Group’s ranking.
Along with this, the group has also explained the strategy of developing a green hydrogen ecosystem, which is part of the world’s most ambitious project on the west coast of Gujarat. This ecosystem is based on a fully integrated value chain.
At the same time, the roadmap for net-zero transition will require last-mile green hydrogen solutions. The Adani Group is equipped with large-scale renewable energy and end-to-end EPC (Engineering, Procurement and Construction) capabilities to enable green hydrogen solutions.
Special Achievements of Adani Portfolio Companies on ESG Front:-
Adani Energy Solutions
Adani Electricity Mumbai, a subsidiary of Adani Energy Solutions, has increased its renewable energy share to 38.3 percent. With this, Mumbai has become the leading purchaser of renewable energy among all megacities. This has been made possible through collaboration between portfolio companies Adani Energy Solutions and Adani Green Energy.
Will continue to play role in India’s journey for climate protection: Gautam Adani
Adani Green Energy
According to Sustainanalytics, Adani Green Energy is the world’s highest rated utility company. In the first 6 months of the financial year, the renewable energy company achieved the target of zero waste to landfills for all operational sites. With this, all sites of 200 MW or more have become net water positive.
Adani Ports and SEZ
Adani Ports has 15 ports and logistics businesses. The company is on track to become net-zero by 2040. In the first half of fiscal 2014, the company achieved a 15 percent share of renewable energy in the total energy mix. This resulted in a 46 percent reduction in energy intensity. Also, energy emission was 48 percent and wattage intensity was 59 percent.
Adani Enterprises
Adani Enterprises is building 3 Giga factories with the aim of developing 10 GW of solar panels, 10 GW of wind turbines and 5 GW of hydrogen electrolysers as part of its low-cost integrated green hydrogen project. The work of the glass factory to manufacture the solar modules has been completed. Work has started on the ingot and wafer plant. In October, the company began manufacturing India’s largest 5.2 MW wind turbine.
Adani Group is building the world’s largest green energy park in Gujarat, Chairman Gautam Adani has shared pictures.
ESG Innovation
Active experiments are being conducted with green hydrogen based de-carbonization solutions to reduce costs. To reduce emissions and promote sustainable energy, Adani Power has partnered with IHI Corporation and Kova Company to explore ammonia co-firing at the Adani Power Mundra plant. It aims to de-carbonize Adani’s coal plants.
In another important move, Adani Enterprises has tied up with Ashok Leyland and Ballard Power to develop a hydrogen fuel cell electric truck (FCET) for mining logistics and transport. It will be the first company in Asia and one of the few globally to operate green hydrogen.
Adani Port operations to become carbon-neutral by 2025: Gautam Adani
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