Adani Green Energy Ltd. (AGEL) has integrated the guidance of the Taskforce on Nature-related Financial Disclosures (TNFD) into its core sustainability strategy, reinforcing its shift toward a nature-positive renewable energy development model.
Beyond ESG compliance:
The integration of the TNFD framework is a significant step that moves AGEL beyond traditional ESG compliance toward a holistic, integrated approach. The company, which operates India’s largest renewable portfolio of over 16.5 GW, is now aligning its expansion targets with global biodiversity goals.
The TNFD framework is a global, science-led initiative providing a structured mechanism for organizations to:
- Identify and assess their dependencies and impacts on nature.
- Manage nature-related risks and opportunities.
- Disclose relevant financial information to investors and stakeholders.
Assessments underway:
Beginning in Fiscal Year 2024, AGEL initiated company-wide assessments across all its operational sites, including the world’s largest renewable energy plant being developed in Khavda, Gujarat. This step involves mapping ecological dependencies, potential impacts, risks, and opportunities related to biodiversity.
The groundwork, conducted even before formally joining the TNFD Adopters group, underscores the company’s commitment to embedding nature-related insights directly into its strategic decision-making, rather than treating them merely as end-of-year regulatory disclosures.
Commitment to no net loss of biodiversity:
By adopting this framework, AGEL formalizes its long-term biodiversity goals. The company has reaffirmed its ambitious commitment to achieving No Net Loss of Biodiversity by 2030.
This pledge is backed by a large-scale ecological stewardship program, including a commitment to plant 27.86 million trees across its project locations. This proactive measure aims to ensure that the expansion of renewable energy infrastructure actively contributes to protecting and restoring natural capital.
Ashish Khanna, CEO, AGEL, highlighted the criticality of this shift, stating that addressing nature-related risks in a positive manner is essential for long-term business resilience and sustainable value creation for all stakeholders. The integration positions AGEL among global leaders in the renewable sector that are placing biodiversity at the core of their growth strategies, supporting India’s climate leadership internationally.
