Integrated Annual Report 2021-22
Decarbonisation: Roadmap and progress
Solid progress on decarbonisation goals

Being an integrated power company, we take cognisance of the role we can play in the global movement to mitigate climate change. We have taken proactive steps towards climate action, and have identified a robust decarbonisation roadmap and targets for making our overall portfolio greener.

Our climate commitment


Achieve carbon net zero before 2045 by growing renewable generation portfolio and targeting carbon intensity reduction scientifically while aligning ourselves to the global goals of SDG 7 and SDG 13


Zero coal-based growth Thermal phase-out upon completion of contractual obligations Thermal operation at benchmark efficiency Afforestation SBTi alignment


Distributed generation Storage solutions Home automation Smart grids Carbon mitigation EV charging Infrastructure

Renewable growth

Renewable utility scale growth Rooftop solar Solar pumps Microgrids


Demand-side management KYEC Club Enerji Be Green Low carbon lifestyle guide Responsible sourcing Green power supply TCFD alignment

Leading utility transition to clean energy

Evolving generation mix



Largely coal-based capacity expansion to meet the growing energy demand in India


Major capacity expansion of greenfield solar capacity Inorganic growth through acquisition of Welspun portfolio


Pursuing new solar and hybrid capacities


Phase-out of all coal‑based generation

Carbon net zero before 2045

  • Thermal
  • Clean (non-carbon based)

Committed to Science Based Targets Initiative (SBTi)


Submit a letter establishing your intent to set a science-based target

MARCH 2021


Work on an emissions reduction target in line with SBTi’s criteria

Alignment with Businesses & CDP


Present your target to SBTi for official validation



Announce your target and inform your stakeholders


Report company-wide emissions and progress against targets on an annual basis

Currently evaluating different options aligned to below 2° Celsius scenarios and fixing yearly reduction targets basis the Sectoral Decarbonisation Approach (SDA)

Setting collaborative and newer benchmarks in carbon mitigation

Our carbon mitigation framework includes initiatives for powering CO2 savings across stakeholder groups.


  • Encourage ESG disclosure among Tier-1 suppliers
  • Responsible supply chain management - ethics, environment, human rights, safety


  • Stringent targets for carbon intensity reduction
  • Focus on viable technologies
    • Storage technology (hydrogen)
    • Carbon capture/mitigation


  • Zero emission campus – EVs for in-campus
  • Mobile app to reduce travel emissions
  • Paperless office


  • Qualification of carbon savings (DSM, ESCO, New businesses)
  • Green power supply for customers
  • Digitalise customer processes (Paperless billing and chatbot)


  • Scaling up Club Enerji as a brand property
  • Focus on skill-based and virtual volunteering
  • Refining of Tree Mittra initiative to increase plant survival rates