Page 16 - Infinity Power Sustainability Report 2024
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16        INFINITY POWER            2024 SUSTAINABILITY REPORT   |   PROTECTING THE NATURAL ENVIRONMENT









                 Acting on the







                 climate crisis


















                 The climate crisis demands bold action                                                    Measuring our climate impact                                                             Despite these challenges, our overall carbon emissions

                                                                                                                                                                                                    decreased from 2023 to 2024, reflecting improved
                 from the renewable energy sector.                                                         While our renewable projects directly contribute to
                                                                                                                                                                                                    efficiency during expansion. We remain on track
                                                                                                           reducing Africa’s carbon emissions, we also carefully
                                                                                                                                                                                                    to achieve our 2030 target of reducing operational
                 Africa is disproportionately vulnerable to climate                                        measure our own carbon footprint. This year, our priority
                                                                                                                                                                                                    carbon intensity by 35% from the 2020 baseline as
                 change impacts despite contributing the least to global                                   was to bring our carbon emission reporting up to date,
                                                                                                                                                                                                    these development projects come online and increase
                 emissions. As Africa’s largest pure-play renewable                                        completing two annual assessments for 2023 and 2024.
                                                                                                                                                                                                    our clean energy output.
                 energy company, we have a critical role in accelerating                                   This builds on our baseline assessment completed

                 the low-carbon transition and building resilience.                                        for 2020.

                                                                                                                                                                                                    3.1M                            Tonnes of CO e emissions
                                                                                                                                                                                                                                                      2
                                                                                                                                                                                                                                    avoided during 2024*
                 Our target remains to grow our wind and solar portfolio                                   In 2024, our carbon emissions totalled 11886 tonnes of

                 across Africa to reach 10 GW of renewable power                                           CO e, an almost 7% reduction from 2023. The carbon
                                                                                                               2
                 generation capacity by 2030, decarbonising the                                            intensity of our operations decreased from 3.07kg in
                                                                                                                                                                                                    In 2024, we reviewed our carbon accounting
                 continent’s energy mix. In 2024, our 1,280 MW capacity                                    2023 to 2.97kg of CO e per MWh in 2024, but remains
                                                                                                                                        2                                                           methodology to ensure it aligns with industry best
                 generated 4,000 GWh of clean power, avoiding 3.07                                         higher than our 2020 baseline of 2.58kg.
                                                                                                                                                                                                    practice, with a current focus on Scope 1 and 2
                 million tonnes of CO e emissions. This is equivalent to
                                               2
                                                                                                                                                                                                    emissions. While we’ve begun measuring Scope 3
                 removing more than 670,000 large cars from the road                                                                      of CO e saved per year through
                                                                                                                                                  2
                 for a year.                                                                              268t                            our climate resilience and nature                         impacts, including emissions from equipment and
                                                                                                                                                                                                    operations, we recognise the need to better understand
                                                                                                                                          protection projects in Senegal
                                                                                                                                                                                                    our full value chain. This year, we started engaging
                 Our priority is developing cost-effective and low-carbon
                                                                                                                                                                                                    suppliers to improve our Scope 3 data and build
                 solar and wind power, and we are also investing in                                        This elevated intensity reflects our recent acquisition and
                                                                                                                                                                                                    a more complete picture of our carbon footprint.
                 battery storage and green hydrogen for reliable supply                                    the activity contributing to advancing our pipeline of

                 during limited wind and solar availability. We want to                                    development projects.These new assets in development

                 harness Africa’s renewable potential while boosting                                       are not yet generating power, meaning they contribute to

                 climate resilience across communities.                                                    our emissions without offsetting them through renewable


                                                                                                           energy production.




                 * compared to emissions from conventional fossil fuel sources in Egypt, Senegal, and South Africa
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