As humanity continues to grapple with the ongoing Covid-19 crisis and countries over the world continue to rebuild their economies, we are continuing our efforts towards the UN Sustainable Development Goals (SDGs) and Paris Agreement – and receiving awards and excellent ratings along the way.
Amid the challenges and uncertainties in 2021, we successfully commissioned our 250-MW solar power plant at Jaisalmer, on time, within budget, and with zero accidents. This plant is another step towards contributing to India’s target to beef up its non-fossil energy capacity to 500 GW by 2030, revised at COP26 from the Paris Agreement.
This revised target is a testament to the resilience and commitment of all those involved in achieving this feat. Building commitment and sustaining a great working environment for our biggest asset, our people, is essential for us. Great Place to Work1 Institute® certified Fortum India as a “Great Place to Work”, which is further corroborated by our internal Employee Engagement Survey results. The latest survey showed that employees in India feel increasingly proud to be associated with Fortum, and they see a clear link between their work and the company goals in India.
We care about our people. We believe that we can achieve our ambitions only when we look after our people. Safety is our top priority, as is reflected in the National Safety award given to our Bhadla solar power plant in March 2021 by the Factories & Boilers department of the Rajasthan State Government for the positive contribution to “Safety, Health and Welfare”. In October, we were awarded a GRESB2 5-star rating, ranking us in the top 2 out of 7 entities for solar power generation in Asia. The GRESB assessment allows us to measure our performance against the most material environmental, social and governance (ESG) metrics.
What does this mean for our future ambition?
The awards and ratings give us an external perspective on our performance, which is an important benchmarking tool against our peers and the industry. It motivates us to strive for continual improvement, but, more importantly, it drives our ambition to use sustainability as an opportunity, building a more resilient business that contributes positively to a clean, equitable, and fair world.
We realise this competitive advantage by continuing to foster robust partnerships and maintaining an approach focused on sustainability – for shared value creation and our shared future!
1Great Place to Work® Institute has surveyed more than 100 million employees worldwide since 1992 and has used those insights to define what makes a great workplace: trust.
2GRESB is the global ESG benchmark for financial markets for more than USD6.4 trillion worth of assets under management.