Page 7 - Infinity Power Sustainability Report 2024
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7 INFINITY POWER 2024 SUSTAINABILITY REPORT
MISSION & VISION
Our sustainability strategy Our commitment to leading a just energy Powering Africa through renewable technologies
transition is now backed by more robust
To achieve our vision of labour practice frameworks. As we bring To be Africa’s preferred sustainable energy solutions partner, powering economic growth,
powering Africa through contractor management in-house, we’re social development and enabling communities to realise their potential through access to clean energy
elevating standards for workforce welfare
renewable technologies,
and safety across our value chain. This
we continue to implement
closer integration allows us to better
our four-pillar sustainability monitor Health, Safety and Environment
strategy to address emerging performance and address challenges
consistently.
and existing priorities.
Operating as Africa’s largest pure- PILLARS
Our foundation of operating with
play renewable energy company
integrity has been strengthened through
requires us to manage complex risks
implementing comprehensive training Delivering standards Protecting the Leading the just Operating with
across diverse geographies. Our
and enhanced compliance monitoring of energy excellence natural environment energy transition integrity
comprehensive approach ensures we
across the group. We’ve introduced
can deliver renewable energy solutions
new systems to improve governance
that benefit communities, respect the MATERIAL ISSUES • Renewable and reliable • Climate change mitigation • Renewable energy capacity building • Human rights and supply chain
and standardise our approach across energy production and adaptation • Local job creation • Business ethics, fraud
environment, and create lasting positive
our growing portfolio. This foundation • Health, safety and security • Biodiversity and ecological impacts • Community investment and corruption
impact throughout the continent, while (employees and communities) • Environmental compliance • Socio-economic political risks
enables us to better deliver standards • Community engagement
maintaining the highest standards • Contractor partnerships • Lifecycle environmental impacts • Responsible land use/access
of excellence in our renewable energy
of business conduct and operational • Labour management and
projects. community unrest/grievances
performance. By prioritising worker
• Diversity and inclusion
safety and fostering strong partnerships,
Our approach to protecting the natural
we deliver high-performing renewable
environment has been enhanced with a Achieve zero harm across the entire Achieve a 35% reduction in operational Allocate $4 million towards community Establish a group-level independent
projects while ensuring a just energy
1
new biodiversity strategy that establishes group’s operational assets (no LTIs) carbon emissions intensity initiatives across the portfolio, with all Sustainability Committee to advise the
transition that creates opportunities 3
clear standards for ecological initiatives covered by independent Board on ESG matters and monitor
across Africa. monitoring and evaluation sustainability risks and opportunities
stewardship across all operations. We OUR 2030 COMMITMENTS Achieve compliance with project social Commission all projects from 2030 quarterly. Empower employees
2
continue to measure and mitigate our action plans and avoid any serious achieving no net loss to biodiversity to improve ESG performance
environmental impacts while seeking SUSTAINABILITY REPORT TARGETS employee grievances while delivering biodiversity net gains Maintain a local community workforce against relevant metrics.
opportunities to protect the environment, across the portfolio of at least 40% and a national workforce
of at least 90% for our operating plants
reduce our impact and enhance
Establish links between Infinity Power’s
Replant more than double the trees
ecosystems in the regions where we sustainability strategy, material areas,
removed during project construction Achieve compliance with project social
operate. and impact on the UN Sustainable
action plans and avoid any serious
Development Goals
1. compared to Lekela Power’s historic emissions baseline of 2.58kg of CO e produced per kWh during 2020 community grievances
2
2. as defined by IFC Performance Standard 6
3. the Infinity Power Board of Directors
