This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's future financial and operating guidance, operational and financial results such as estimates of nominal contracted payments remaining and portfolio run rate, and the assumptions related to the calculation of the foregoing metrics. For more information, visit: Forward Looking Statements With its in-house engineering, procurement and construction expertise and advanced in-house operations and maintenance capability, Azure Power manages the entire development and operation process, providing low-cost solar power solutions to customers throughout India. Azure Power developed India's first private utility scale solar project in 2009 and has been at the forefront in the sector as a developer and operator of solar projects since its inception in 2008. Two of nine of the Company's Board members are female which have been added in the last year.Īzure Power (NYSE: AZRE) is a leading independent solar power producer with a pan- India portfolio of 7.1 gigawatts on Jof which 1.8 GWs is operational, 1.3 GWs are under construction and 4.0 GWs have received a Letter of Award but for which PPAs have yet to be signed.The company's Sustainability and CSR initiatives are overseen at the Board level. The company is in compliance with SEC, NYSE, SGX governance standards and strictly follows international governance policies on corruption, human rights, freedom of association, fair disclosure, whistle-blower and insider trading among others.In FY'20, the company enhanced its Health and Safety Policy, Environment Social and Governance Policy and implemented a Diversity and Inclusion Policy.All Azure Power projects comply with the World Bank's Equator Principles and, in addition, the company conducted a total of 341 internal and 3 external audits in fiscal year 2020 with no significant incidents of non-compliance.Azure Power is an Equal opportunity employer that expressly forbids any discrimination against any employee or job applicant because of race, color, religion, national origin, sex, sexual orientation including LBGTQ, physical or mental disability, or age.In FY'20, the company hired a total of 3,462 workers from local communities, out of which 2,375 local workers were employed as module cleaning and grass cutting staff and a further 1,087 local workers were employed as security guards. Over the last decade, Azure Power created over 18,000 job opportunities in the rural sector.In FY'20, the company allocated INR 36 million for Corporate Social Responsibility and installed 21 smart classrooms and over 400 streetlights for communities as part of its CSR activities.In FY'20, the company invested 16,040 man-hours of training in its workforce and offered skill development training to over 1,240 individuals in local villages.The company strives to maintain a 1:1 ratio of wage for males and females. Azure Power believes that employee diversity across gender and age are important to facilitate sustainable, profitable and responsible growth.In FY'20, the company has achieved an additional 40% saving in water consumption per unit of electricity generated and is on track to becoming water neutral by 2023.The company has expanded its environmental impact reporting to include scope 3 emissions and has increased its supplier engagement to effect cultural change by rewarding and penalizing suppliers to encourage the reduction of emissions.Azure Power remains a net carbon neutral company and since inception, the company has helped avoid the release of 7.8 million tonnes of CO2 equivalents into the environment.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |