Greenko Group actively integrates Environment and Social Governance (ESG) principles into its operations and strategic planning. They focus on becoming a "Net Zero Carbon Company" by 2040, aligning with the Climate Pledge. Greenko emphasizes sustainable practices in areas like waste and water management, biodiversity conservation, and community development.
Environmental Focus:
Net Zero Commitment:
Greenko aims to achieve net-zero carbon emissions across all scopes by 2040, according to their website.
Climate Change Mitigation:
Greenko actively registers Clean Development Mechanism (CDM) projects with the UNFCCC to address greenhouse gas emissions.
Sustainable Practices:
They implement an Environment and Social Management System to manage waste by reducing, reusing, or recycling.
Water Management:
Greenko prioritizes surface water sources for their plants and emphasizes water conservation.
Biodiversity Conservation:
Greenko conducts Environmental Impact Assessments (EIAs) before project implementation and avoids biological hotspots. They also undertake projects like habitat conservation, sustainable farming, and protecting sea-based wildlife.
Tree Plantation:
Greenko actively plants trees at all operational sites to create CO2 sinks.
Biodiversity Conservation:
They support projects for conserving endangered species like the Olive Ridley Turtle, Great Indian Bustard, and Red Panda.
Social Focus:
Community Development:
Greenko actively participates in community development projects, including watershed management and health programs.
Employee Welfare:
Greenko focuses on employee welfare, including merit-based performance reviews and talent recognition, resulting in a high employee retention rate.
Social Initiatives:
They engage in initiatives like providing access to clean drinking water, sanitation facilities, and healthcare support.
Sustainable Supply Chain:
Greenko incorporates ESG parameters into their supplier selection process and promotes responsible supply chain management.
Social & Relationship Capital:
Greenko invests in developing its social and relationship capital through community development projects and collaborations with state governments.
Governance Focus:
ESG Framework:
Greenko has a defined ESG framework with material factors for each pillar (Environment, Social, Governance), according to their website.
Transparency & Accountability:
Greenko emphasizes transparency and accountability in its governance structure, with defined roles and responsibilities for the Board and committees, according to their website.
Board Oversight:
They have a clear separation of roles between the Board Chair and CEO, ensuring the Board acts in the company's long-term interests, according to their website.
Empowered Teams:
Greenko focuses on creating empowered teams with autonomy, accountability, and authority, enabling them to achieve business goals, according to their website.
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