Page 6 - Infinity Power Report
P. 6
Infinity Power 2023 Sustainability Report 6
Global context The world is changing rapidly, and our operating
context brings a range of challenges and
and megatrends opportunities to our business. Here are the
megatrends most relevant to our operations and
how we are responding to these issues.
Limited access to energy Lack of climate Climate change Socio-economic Cyber security Bribery and
Access to electricity in Africa is investment The intensity and frequency and political risks and resilience corruption risks
the lowest of any continent, with Achieving Africa’s climate and of extreme weather events is We operate across a region where The pace of digital transformation While many African governments
around 600 million people - half energy transition and delivering increasing around the world due to national or local political regimes brings with it increasing cyber are working hard to prevent
its population – lacking access. the UN Global Goals will require the climate crisis, with increasing can at times be unpredictable security risks. Power generation corruption, it continues to be a
Where there is a supply, it is often more than $190bn investment unpredictability of rainfall and and unstable, along with weak facilities rely heavily on digital pervasive challenge in areas of the
unreliable and heavily dependent per year between 2026 and 2030, average temperatures rising. governance and regulations. There systems for smart energy continent. Corruption can increase
on fossil fuels and can be affected with two thirds of that needed Although African countries are are also complex socio-economic management and the direct socio-economic and political risks,
by supply chain disruption such as for clean energy alone. Yet only responsible for just 2% of global factors that can bring risks of connection to regional and national undermine economic development,
the Covid-19 pandemic and wider 2% of clean energy investments carbon emissions, they are unstable pricing, supply chain grids makes cyber-attacks an and negatively impact investment.
geopolitical instability. There is also are currently flowing into Africa, disproportionately affected by the crises and cost of living challenges, increasingly prevalent threat for all
> We’re monitoring bribery and
low grid capacity, and the ageing limiting the opportunity for adverse impacts of climate change. among other risks. utility-scale renewable providers.
corruption risks and building
energy infrastructure is unable to a fast and fair transition.
> We’re reducing emissions and > We’re operating to high ethical > We’re managing cyber risks and relationships with partners that
meet demand.
> We’re working to create a just and investing in climate resilience and standards and creating a culture increasing infrastructure resilience uphold our high ethical standards
> We’re increasing access to clean fair climate and energy transition nature protection projects of integrity
and reliable energy across Africa
