GIMS is based on global best practices and integrates Quality, Environment, Health & Safety, Information Security, Energy, and Social Accountability Management Systems (QEHS-IS-En-SA) as per the requirements of ISO standards, the ESMS (Environmental and Social Management Systems) as per the requirements of IFC performance standards, Sustainability reporting as per the requirements of GRI Standards, and Integrated reporting as per the requirements of IIRC are also integrated into GIMS. The company has various sites which are certified by DNV- GL for implementing ISO 9001:2015, ISO 14001:2015, ISO 45001:2018 & ISO 27001:2013.
Additionally, since FY 2020, under the purview of GIMS, Climate Risk Assessment in accordance with TCFD requirements is being carried out at Greenko. This has enabled the company to align its strategy to navigate transitional changes in regulations, markets, and behaviours towards decarbonization. Nevertheless, the physical asset risks and uncertainty in yields owing to changes in wind pattern, solar radiation, hydrological flows due to climate change continue to remain a challenge. In some assets and some periods, it may be advantageous, and, in some others, it could mean less generation. The initial analysis reveals that such things may balance out due to geographical spread and technological variety of the portfolio. However, across all assets accelerating digitalization to improve adaptive and predictive systems are essential, which is already a strategic objective for the Group’s business.