Climate Change
Apraava Energy is conscious of the risks posed by climate change and is taking action to reduce the carbon footprint of its business. Some of the impactful steps the organisation has taken includes, enhancing renewable energy portfolio, improving energy efficiency, adding electric vehicles to its transportation fleet and increasing the deployment of cleaner technologies in its operations. To enhance sustainability in supply chain, Apraava Energy has quantified its Scope 3 GHG emission since FY 2021-22 and disclosing it in our Annual Integrated Report. In FY 2023-24 Scope 3 GHG emissions for this financial year is reported in IR 2023-24. We have also initiated ESG assessments for our key value chain partners.
Our investors, the CLP Group and Caisse de dépôt et placement du Québec (CDPQ), have made significant commitments to climate action, in turn, driving us to double our portfolio of low-carbon businesses by 2025. Apraava Energy plays an important role on both the domestic and global stage, shaping debates on legislative and regulatory changes within the country as well as on climate change at the international level. Our Managing Director Co-Chairs CII National Council Climate Change, a council formed to strategize on implementation of the National Action Plan on Climate Change in India.
Success Stories
Apraava Energy has got its Science Based Targets (SBTi) validated in July 2023, to reduce Generation-related GHG emissions intensity (scope 1 & scope 2) by 46.3% per tCO2e/MWh by 2027 with respect to the base year 2022. The target is aligned to keep global temperature rise well below 1.5°C, compared to pre-industrial levels. In the business of power generation and transmission, Apraava Energy also consumes energy for its own operations. The organization drives process efficiencies to conserve energy and provide more output to consumers. Its plant in Jhajjar, Haryana has been nominated as a designated consumer of PAT cycle III as per Bureau of Energy Efficiency (BEE) under the National Mission on Enhanced Energy Efficiency (NMEEE).
Apraava Energy believes that carbon offsets represent a direct investment in the transition to a low carbon and climate-resilient economy. Its renewable energy fleet produces clean electricity in a sustainable manner while issuing carbon offsets in accordance with international modalities and procedures. These carbon offsets are tradable in domestic and international markets and represent national and international efforts to mitigate concentrations of greenhouse gases (GHGs) globally. In alignment with India’s mission to reduce carbon emission, Apraava Energy have reduced CO2 emission by 1.28 million tonnes during FY22. The company’s carbon offsets portfolio is growing as one of the most active and leading portfolios in the world. Apraava Energy has registered all its wind and solar assets in the world’s most reputed carbon offset schemes, namely the United Nations Framework Convention on Climate Change (UNFCCC)’s Clean Development Mechanism (CDM) and the Voluntary Carbon Standard (VCS) by Verra.
Carbon offsets issued against Reduction Activities (million tones)
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