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ATL wins this award in the Energy, Mining and Heavy Manufacturing category
Ahmedabad, 02 November 2022,( Odisha Samachar )- Adani Transmission Ltd (ATL), India’s largest private power distribution company and the transmission arm of the diversified Adani Group, has won the Confederation of Indian Industry (CII) Climate Action Programme (CAP) 2.0° Oriented Award in the Energy, Mining and Heavy Manufacturing category.
This recognition is a significant achievement, given that CAP 2.0° aims to help industries in contracting climate risk and explore market opportunities to become climate resilient.The CAP2.0° Awardsare framed on the Climate Maturity model and the European Foundation for Quality ManagementModel(EFQM), which assesscompanies on their preparednessfor business proofing against climate change.
Adani Transmission received this award under the ‘Oriented’ category. This confirms that the company’s strategy is synchronised with climate change issues and impacts, climate risk is factored in the company’s Enterprise Risk Management (ERM), competent personsis handling the climate-linked portfolio, and the organisation has adopted futuristic GHG emission reduction targets to combat climate change. ATL received the CAP 2.0° award fromMr Avinash Mishra, Advisor, Natural Resources & Climate Change NITI Aayog at the forumin New Delhi.
“The CAP 2.0° award is an encouraging and responsible recognition of our continuous efforts towards climate change mitigation and improving the productivity and efficiency through a clear focus on sustainability”, said MrAnil Sardana, MD & CEO, ATL. “The organizational initiatives to become Net Zero, Zero Waste to Landfill (ZWL) and Single Use Plastic Free(SUP) along with focused efforts to achieve them, combined with the CII-CAP 2.0° award, demonstrates our commitment to climate change mitigation for a sustainable future. ATL always strives to benchmark itself in best in-class sustainability-practices and intends to emerge as a world-class integrated utility.”
ATL’s long-term environment-social-governance (ESG) commitment has emerged as the most effective counter-response in the current scenario. Additionally, ATL has also defined its targets in line with Sustainable Development Goals (SDGs).Prominent among these is SDG-13 for Climate Action. The company’s target for reducing GHG emissions is in line with India’s Nationally Determined Contribution (NDC).
ATL’s commitment to climate change has already been manifested by its action oriented ESG strategy,which has resulted in reduction in GHG per unit of its revenue. ATL has also conducted a climate scenario-based analysis using IPCC’s RCP 4.5 (medium emission) to assess climate risk and impact to its operating and related project site. In FY 2021-22, ATL has committed toward Net-Zero and SBTi 1.5°C trajectory.
Through the climate targets aligned with India’s climate commitments, ATL aims to be in the top-5 companies in India for ESG benchmarking of electric utility sector by FY 2022-23, accelerate the creation of supporting infrastructure to source 50% renewables in total electricity distribution by ATL- Adani Electricity Mumbai Ltd (AEML) by 2027, become a Zero-Waste-to-Landfill (ZWL) certified company for 100% of business activities under O&M phase by 2024-25, become Single-use-Plastic-Free (SuPF) certified company by 2022-23, and many such climate leadership initiatives.
CAP 2.0° is a recognition and capability enhancement programme promoted by CII Centre for Excellence for Sustainable Development (CESD) for businesses to become climate resilient. Based on a CII climate-maturity model and using the principles of business excellence framework, CAP 2.0° helps businesses to assess climate change related risks and opportunities and integrate the mitigation actions into their long-term strategies. It is a benchmark programme recognising Industry’s climate mitigation and adaptation initiatives with the purpose of cascading learnings and encouraging quick scale up, thereby contributing to India’s climate goals.
About Adani Transmission Limited
Adani Transmission Limited (ATL) is the transmission and distribution business arm of the Adani Portfolio. ATL is the country’s largest private transmission company with a cumulative transmission network of ~18,795 ckm, out of which ~15,370 ckm is operational and ~3,425 ckm is at various stages of construction. ATL also operates a distribution business serving 12 million+ consumers of Mumbai and Mundra SEZ. With India’s energy requirement set to quadruple in coming years, ATL is fully geared to create a strong and reliable power transmission network and work actively towards serving retail customers and achieving ‘Power for All’ by 2022.
