What’s inside?
AEL Sustainability Report 2022-23: Adani Enterprises Limited functions as a parent company and operates in diverse infrastructure sectors. Its business operations encompass a wide range, including the trading and mining of coal, exploration of oil and gas, port operations, multi-modal logistics, power production and distribution, gas distribution, and the trading of edible oil and agricultural commodities.
The company's operations are divided into several segments: Integrated Resources Management, Mining, Solar Manufacturing, Airport, and Others. The Integrated Resources Management segment offers comprehensive procurement and logistics solutions. The Mining segment is involved in service contracts for mining in nine coal blocks, with a production capacity of over 100 million metric tons annually.
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The Solar Manufacturing segment specializes in producing solar photovoltaic cells and modules. The Airport segment manages airport operations. Additionally, the company is active in the development of infrastructure projects in the road, metro, and rail sectors, as well as in the construction and operation of data centers.
Adani Portfolio – Emerging as a world leader in ESG
APSEZ: Adani Ports and Special Economic Zone Limited
Accorded 1st position in global rankings for “Transport & Logistics” sector among emerging markets by Moody’s ESG Solutions
Ranked top 10 out of 297 cos. in Global Transportation & Transportation Infra sector in S&P Global Corp. Sustainability Assessment
ATL: Adani Transmission Limited
AGEL: Adani Green Energy Limited
APL: Adani Power Limited
APL achieved a score of 59/100 in the Corporate Sustainability Assessment (CSA) by S&P Global, which is better than World electric utility average
score of 33/100. The Score was revised to 54/100 on 18.02.2023 citing Media & Stakeholder Analysis. APL has applied for the reassessment of the score.
APL scored 3.5/5.0 In FTSE ESG rating, which is better than the World Utilities Average score of 2.7/5.0 in Dec ’22
AEL: Adani Enterprises Limited
IGBC Platinum certification achieved for ‘Data Centre’ facility in Chennai and ‘Solar business” building in Mundra
Adani Solar has won the ‘Aegis Graham Bell Award in the category for Innovation in Manufacturing
MIAL - Best Sustainable Airport at the ASSOCHAM 14th International Conference and Awards for Civil Aviation, 2023
Adani ESG Rating: REFINITIV, MSCI, Sustainalytics
Adani Enterprises Ltd.
Industry Group: Traders & Distributors
Country/Region: India
Identifier: BOM:512599
Adani Enterprises Ltd is a holding company. The company's segment includes Integrated Resources Management; Mining; New Energy Ecosystem; Roads: Airports and others. It generates maximum revenue from the Integrated Resources Management segment.
Full-time employees: 6,647
Adani Enterprises Limited REFINITIV and MSCI ESG Rating: Source: Knowesg: Official Link
Adani Enterprises Limited ESG Rating: Source: Sustainalytics - Official Link
The Adani Enterprises Limited (AEL) Sustainability Report for FY 2022-23 provides comprehensive information on the company's sustainability initiatives, environmental achievements, social responsibility, and governance. Here's a summary of the key points:
Environmental Achievements
Energy Intensity: Achieved a 26% reduction per rupee of turnover.
Renewable Energy: 13% share in the total energy mix.
Emission Intensity: 55% reduction per rupee of turnover.
Water Intensity: 28% reduction per rupee of turnover.
Waste Management: 82% of waste avoided from going to landfill.
Afforestation: Planted 13 lakh trees.
Majority of sites certified for Environmental Management Systems (ISO 14001: 2015).
Social Contributions
100% of sites assessed for health and safety.
Spent ₹17.75 crore on Corporate Social Responsibility (CSR).
Approximately 67% of employees received skill upgradation training.
72% of employees are covered under Human Rights Training.
12% average increase in employee remuneration (excluding Key Management Personnel).
35% of procurement from Micro, Small, and Medium Enterprises (MSMEs).
Governance
9 committees chaired by Independent Directors.
Achieved a global score in the 95th percentile (S&P Global CSA).
No complaints related to breaches of data security and cyber security.
Received a B score in CDP for coordinated action on climate issues.
Company Vision and Strategy
AEL has evolved from a trading company to a diversified conglomerate, operating in sectors like Mining Services, Airports, Solar Manufacturing, Data Centers, Roads and Water, Defence, and Aerospace.
The company's strategy emphasizes sustainable growth, innovation, and entrepreneurship, aiming to create enduring enterprises that contribute positively to the planet and its inhabitants.
Reporting Frameworks and Assurance
The report adheres to GRI Standards and aligns with frameworks like the UNGC, TCFD, BRSR (SEBI), WEF-ESG, and S&P Global CSA. It also contributes to the United Nations Sustainable Development Goals (UN SDGs).
The data and information in the report have been independently assured by Intertek India Pvt. Ltd.
Future Outlook and Challenges
The report contains forward-looking statements based on current assumptions and past performances, acknowledging that future performance is subject to changes in industry, market, and regulatory conditions.
Chairman's Message
Gautam S. Adani, the Chairman, discusses the global economic situation, India's growth potential, and the Group's commitment to governance and regulatory compliance. He also addresses the shortselling incident that occurred earlier in the year.
Operational Highlights and Financial Results
The report outlines significant financial achievements, including growth in EBITDA, total income, and PAT. It highlights the Group's expansion and resilience over three decades, emphasizing its commitment to sustainable practices and renewable energy initiatives.
Managing Director's Message
Emphasizes AEL's dedication to sustainability, outlining its progress, initiatives, and significant impact in various areas including environmental stewardship, human rights, talent management, and community development.
ESG Strategy
AEL's ESG strategy is integrated with its business approach, focusing on sustainable solutions in various sectors, including the adoption of green energy sources, effective waste management, and reduction in carbon emissions.
ESG Targets and Performance
The report presents targets and achievements in environmental, social, and governance aspects, reflecting AEL's commitment to sustainability and resource efficiency.
Business Portfolio
AEL has a diverse portfolio, including Natural Resources, Solar Manufacturing, Airports,
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