Page 37 - Infinity Power Report

Infinity Power 2023 Sustainability Report 37

Protecting the

natural environment

2030 COMMITMENTS • Achieve a 35% reduction in operational carbon emissions intensity based on our 2022 baseline

• Commission all projects from 2030 achieving no net loss to biodiversity as defined by IFC Performance Standard 6,

while seeking to deliver net gains to biodiversity across the portfolio

• Replant more than double the trees removed during project construction

MATERIAL ISSUE 2024 – 2025 TARGETS BASELINE PERFORMANCE IN 2023

Climate change mitigation • Continue annual carbon emissions assessments and quantify the climate benefits (avoided • Baseline emissions assessment for the group completed for 2022.

and adaptation emissions) of Infinity Power’s environmental focused community investments Combined carbon footprint of Infinity Power’s assets was 8,267

tonnes of CO e in 2022. Another assessment planned in 2024
2
looking at 2023 emissions.

• Undertake climate resiliency assessments for new community projects in each of our countries • Climate resiliency framework in place for community investment

of operation and applied during community investment project planning

Environmental compliance • Zero serious environmental incidents and less than six environmental incidents cumulatively per • Zero serious environmental incidents during 2023 and 11 minor

project over two years incidents across the portfolio

Lifecycle environmental • Improve data quality for operational water use per kWh generated across the portfolio and • 0.95 litres of water used per MWh generated across the portfolio.

impacts evaluate ways in which this can be managed sustainably Water reduction initiatives to be investigated

• Improve data quality for operational waste per kWh generated across the portfolio and evaluate • 20.4kg of waste produced per GWh generated across the portfolio.

ways in which this can be managed sustainably Waste reduction initiatives to be investigated

Biodiversity and • Establish a portfolio-wide protocol for due diligence and sustainable management on biodiversity • Planned for implementation 2024-2025

ecological impacts related issues

• Support the training of a further cohort of bird observers and shut down on demand operators • Planned for implementation 2024-2025

through the Gulf of Suez Centre of Excellence in Egypt