Adani Green becomes first in India to achieve GRI South Asia charter member status; Stock hits new high

7 Feb 2022 , 03:20 PM

Adani Green Energy Ltd (AGEL) on Monday announced that it has received approval for being a member of the GRI South Asia Charter on Sustainability Imperatives. The company had initiated this pursuit in response to a call from GRI by becoming a signatory to the GRI South Asia charter in April 2021.

Firming up its commitment, the company has now submitted a declaration with clearly identified UN Sustainable Development Goals (SDG) where it can make an impact in the following years. These SDGs are aligned with AGEL’s sustainability strategy and show its measurable impact.

“AGEL is committed to ramp up its sustainability performance and build credibility as an effective corporate citizen while strengthening internal data management and reporting systems,” said Vneet S Jaain, MD & CEO, AGEL. “Sustainability is integrated into the business and is evident at each stage of the project cycle. Being a pure play renewable energy company, our business goals are in line with climate change concerns and global efforts to mitigate its impacts. Going beyond the obvious advantages of the green business, we have taken many initiatives to make this a responsible corporate organisation.”

The GRI South Asia Charter on Sustainability Imperatives – a unique creation by GRI South Asia Hub – is a clarion call for decision and action for business and its stakeholders. It is anchored to a framework of transparency and disclosure, as enshrined in the GRI Standards, and provides an ameliorating way out of the climate change quagmire. Given the Covid-19 recovery context, it is essential to focus on the SDGs and respond to the call to build back better while keeping in mind the underlying principle of leaving no one behind. The Charter serves as an important stimulus to implement sustainability-oriented imperatives that help to realise the UN Sustainable Development Goals by the end of the current decade.

At around 3.18 pm, Adani Green was trading at Rs2027.95 per piece up by 3.9% on Sensex. The stock has touched a new 52-week high of Rs2051.80 per piece earlier today.