This is Greenko's second consecutive Integrated report, drawn up to provide the reader with a comprehensive view of Greenko’s performance in creating long term value for stakeholders through operational, financial, environmental, social, intellectual and governance efforts. This report is prepared through structured effort involving internal reflection, to map value creation factors and to assess the adequacy of strategy to protect and to enhance value creation in the face of disruptions. Further, Greenko seeks to transform into a utility of the future by deploying digitization and decentralization measures and make the clean, reliable and affordable power in India, a possibility. This report details Greenko’s efforts in the transformation to Greenko 3.0 and 4.0.
This report is an account of how Greenko’s strategic initiatives are effective in protecting and enhancing both financial and non -financial value creation, retention and distribution. In the subsequent sections, (i) snapshot of Greenko’s assets and operations is presented in the context of its decade-old journey (ii) the framework of trust that is essential for stakeholders to co-operate and co-create value (iii) how value creation ability of Greenko is protected and enhanced in the face of external developments that are disrupting the energy sector businesses and (iv) the performance of Greenko in creating and sharing value.
This report is intended to communicate our effective pursuit of GKO 3.0 and 4.0 in the face of evolving contours of regulations, technology and ecosystems. The report details Greenko’s continuing pursuit of Integrated Renewable Energy Storage Projects and digitisation across operations including building an Integrated Energy Platform. To reinforce agility, Greenko has set in motion People, Process and Systems across all operations and implemented "ownership model" of organization development. These organizational initiatives to build the future energy utility of India are outlined in this report.
The information and data in the report correspond to the progress made during the period 01st April 2018 to 31st March 2019 and refer to all the entities within the Greenko Group.
The report contents also mention figures and events from the past to offer perspective. The forward-looking statement contained in this report is based on the analysis of the current context and its expected outcome is susceptible to change. Care is taken to ensure that all data in this report is as accurate as possible.
This report has been prepared in line with the framework established by the International Integrated Reporting Council (IIRC). This report also refers to GRI Standards for reporting and captures Greenko’s contribution towards achieving the objectives of UNSDGs.
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GRI 102-46, 48, 49, 50, 51, 52, 53, 54
The contents of this report is complemented by other corporate documents and by information on the group’s websites. In specific cases, reference to such information is mentioned.