Conferred jointly by Frost & Sullivan and TERI

• Adani Green Energy Ltd (AGEL) conferred with the ‘Leaders Award’ and ‘Sustainability Front Runner’ under the ‘Mega large business’ category
• Recognition underscores Adani Green’s commitment to sustainability strategy, risk management, governance, and sustainable supply chain management

Ahmedabad, 22 December 2022: Adani Green Energy Ltd (AGEL), the world’s largest solar power developer and the renewable energy arm of the diversified Adani portfolio companies, has won the ‘Leaders Award’ at the Sustainability 4.0 Award 2022, jointly convened by Frost & Sullivan and The Energy & Research Institute (TERI). AGEL emerged as ‘Sustainability Front Runners’ under the ‘Mega large business’ category in the service sector.

“We remain committed to ESG goals, and this award validates our tireless efforts to be an indispensable part of being resilient, proactive, and progressive with changing times”, said Santosh Kumar Singh, Chief Sustainability Officer, AGEL, “The Sustainability 4.0 Award recognizes the Group’s positive transformation led by embracing sustainability as a collective journey for the betterment of people and the planet. The evaluations and recognition from such prestigious organisations reinforce our resolve to put in place a robust system to integrate sustainability in all business processes.”

The 13th edition of the prestigious legacy was organised by Frost & Sullivan, which has over 50 years of experience partnering with Global 1000 companies, emerging businesses, and the investment community across six continents, and TERI. The aim of this award is to recognize the most impactful companies that promote sustainability and are actively working toward the betterment of the environment. It highlights the importance of connecting an organization’s strategy, governance, and financial performance to the social, environmental, and economic context in which it operates, allowing businesses to make long-term decisions that ensure stakeholder value.

AGEL’s dynamic approach towards sustainability can be seen in its operations and CSR initiatives. All operating sites of AGEL are single-use plastic free and it recently has been certified for Zero Waste to Landfill (ZWL) for 100% of its operating capacity for FY22. AGEL is also a signatory to the India Business and Biodiversity Initiative and is committed to conduct business with ‘No Net Loss’ to biodiversity.

AGEL has avoided a cumulative of 23.6 million tons of CO2 emissions till now by generating and supplying renewable energy. In yet another step to enable India’s dual objective to accelerate the renewable energy footprint as well as promote domestic manufacturing under the ‘Atmanirbhar Bharat’ programme, AGEL signed the world’s largest-ever green power purchase agreement with Solar Energy Corporation of India (SECI) to supply 4.67 GW of green power. The company continues to support the lives of people around their operations, impacting over 3.7 million people directly and indirectly. AGEL’s positive initiatives have resulted in visible transformation in its operations over the years, and this Sustainability 4.0 Award will further encourage the company to pursue its sustainability vision.

About Adani Green Energy Limited

Adani Green Energy Limited (AGEL), is the renewable energy platform of Adani Portfolio. The company has one of the world’s largest renewable portfolios, with locked-in growth of 20.4 GW across operational, under-construction, awarded and acquired assets, catering to investment grade counterparties. The company develops, builds, owns, operates, and maintains utility-scale grid-connected solar and wind farm projects. AGEL is focused on decarbonization of power generation and is helping India meet its sustainability goals. Mercom Capital, the US-based think tank has ranked Adani Group as the #1 global solar power generation asset owner. AGEL has also been awarded as Global Sponsor of the Year by Project Finance International (PFI) recognizing AGEL as a key driver of energy transition.

For more information, visit: www.adanigreenenergy.com

For media queries, please contact: Roy Paul | roy.paul@adani.com