Page 38 - Infinity Power Report

Infinity Power 2023 Sustainability Report 38

Leading the just

energy transition

2030 COMMITMENTS • Allocate at least $4 million towards community initiatives across the portfolio, with all community initiatives covered by independent monitoring and evaluation

• Maintain a local community workforce of at least 40% and a national workforce of at least 90% for our operating plants

• Achieve compliance with project social action plans and avoid any serious community grievances

MATERIAL ISSUE 2024 – 2025 TARGETS BASELINE PERFORMANCE IN 2023

Labour management • No serious grievances from our employees and resolve 100% of grievances within 30 days for • No serious employee grievances and 100% of grievances

two consecutive years resolved within 30 days

Community investment • Establish initiatives in each country of our operations focusing on both the environment and • Environmental and energy initiatives established in both South

energy Africa and Senegal but not Egypt

• Support at least 350 jobs and sponsor at least 50 educational bursaries through our community • 334 jobs supported and 36 bursaries sponsored during 2023

investment programme

Local job creation and • Achieve 40% employment of local community members at our operational sites • 44% of our operational workforce employed from communities

renewable energy near our projects

capacity building

Diversity and inclusion • Achieve an average of 50% participation of women and girls across all community investment • 52.5% women and girls participation

(including gender) initiatives in the portfolio

Community engagement • Receive less than 25 grievances in total across two years, resolving 100% within 30 days • Three community grievances and all resolved within 30 days

Responsible land use/access • Follow up our Livelihood Restoration Plan at Taiba N’Diaye in Senegal with a community-wide • Irrigation programme under implementation, with 25

irrigation programme to further enhance revenue streams for farmers in the area solar-powered boreholes added in 2023