Page 9 - Infinity Power Report

Infinity Power 2023 Sustainability Report 9

MISSION & VISION

Our sustainability strategy Powering Africa through renewable technologies

To achieve our vision of powering Africa To be Africa’s preferred sustainable energy solutions partner, powering economic growth,

through renewable technologies, and social development and enabling communities to realise their potential through access to clean energy

drawing on what was identified through our

materiality process, we have a four-pillar

PILLARS energy excellence natural environment just energy transition integrity
sustainability strategy. Delivering standards of Protecting the Leading the Operating with

Our approach is based on the foundation of operating

with integrity, where we apply the highest standards of
governance and business ethics in how we work. In doing • Renewable and reliable • Climate change mitigation • Renewable energy capacity building • Human rights and supply chain
MATERIAL ISSUES
so, we create an environment where we are best placed to energy production and adaptation • Local job creation • Business ethics, fraud and corruption

deliver standards of energy excellence. Through keeping our • Health, safety and security • Biodiversity and ecological impacts • Community investment • Socio-economic political risks

workers safe and healthy, and leading strong partnerships, (employees and communities) • Environmental compliance • Community engagement

we can run the highest-performing renewable power • Contractor partnerships • Lifecycle environmental impacts • Responsible land use/access

projects in Africa. • Labour management and

community unrest/grievances

At the same time, we commit to building and operating
• Diversity and inclusion
these projects while protecting the natural environment now
(including gender)
and into the future – to never act beyond our means and to

mitigate our impacts on biodiversity and the natural world.
OUR 2030 COMMITMENTS
We pursue opportunities to create positive impact from the
Achieve zero harm across the entire Achieve a 35% reduction in operational Allocate at least $4 million towards Establish a group-level Sustainability
start of each project, and our aim is to significantly benefit
group’s operational assets (no LTIs) carbon emissions intensity* community initiatives across the Committee that provides a stand-
the communities and ecosystems we operate in, along with
portfolio, with all community initiatives alone forum to advise the Board on
the broader economies and societies that host our projects.
covered by independent monitoring ESG matters and monitor sustainability
Achieve compliance with project social Commission all projects from 2030 and evaluation risks and opportunities on a quarterly
As a renewables firm, this means committing to help transform action plans and avoid any serious achieving no net loss to biodiversity as basis, with employees empowered

for the better, building skills and capacity that not only employee grievances defined by IFC Performance Standard to improve ESG performance

support economic development, but give communities the 6, while seeking to deliver net gains to Maintain a local community workforce against relevant ESG metrics

opportunity to transition from a fossil fuel-based economy biodiversity across the portfolio of at least 40% and a national workforce

to one that is compatible with a sustainable future. This of at least 90% for our operating plants

approach ensures we lead with principles of a just transition, to
Establish links between Infinity Power’s
build a sustainable future that works for everyone: empowering Replant more than double the trees sustainability strategy, material areas,
local communities, protecting the environment, and removed during project construction Achieve compliance with project social and impact on the UN Sustainable

delivering the skills, expertise and excellence needed to action plans and avoid any serious Development Goals

transition away from a high-carbon economy. community grievances

SUSTAINABILITY REPORT TARGETS *compared to Lekela Power’s historic emissions baseline of 2.58kg of CO e produced per kWh during 2020
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