Social and Relationship Capital

Strategic Approach

Greenko regards Social and Relationship Capital as a binder to preserve strong and healthy relationship with all its stakeholders. Greenko Group has undertaken a lot of activities focussing on rural development, better infrastructure and promoting sports for the rural youth and skill development programs for the holistic development of the community by paving a way to generate sustainable livelihoods. In spite of different macro-economic headwinds, Greenko Group has always prioritised investment for community development.

Greenko Group as a part of its transformation from 3.0 to 4.0 has placed utmost importance on public policy advocacy as a part of its strategy to bring together business, community and regulatory bodies for an all-inclusive development. The Group’s operations are spread across demographics and has executed various community development projects across them. Greenko Group along with communities, also engages constantly with its suppliers and customers.

“At our Corporate Social Responsibility (CSR) Department, we believe that by reaching out to communities and providing them with the assistance and resources they need, we are not only building strong connections, but also a brighter future. We understand that sustaining and developing relationships with all stakeholders is essential for the success of any organisation, which is why we focus on creating meaningful connections and fostering community engagement and development. We are deeply aware that the lives and livelihoods of people are inextricably linked to our operations, so we take it upon ourselves to invest in the future of these communities and create value for both business and society.”

Sharat Chandra Rao GGM, Greenko Foundation

Our Performance

Stakeholder Trust

Greenko is committed for building lasting partnerships with strategic stakeholders across the value chain, customers and community with trust as a major force for ensuring business continuity in a smooth and transparent manner.

Greenko works towards aligning its mission of enhancing technological interventions, developing new alliances, cocreation with value chain partners for elevating their performance to fulfil the sustainability agenda and also to support the national agenda and achieving Net Zero.

Greenko Group has laid down a code of conduct for its suppliers and ensures complete adherence to the pre-requisites mentioned in the same. Greenko evaluates its vendors periodically to ensure that the suppliers adhere to the Group’s code of conduct and provide feedback wherever applicable.

The Group understands the importance of following due diligence in the start-to-end selection process of its value chain partners. Greenko believes that its supply chain partners play a vital role in intensifying the sustainability journey of the Company and hence the Group ensures a continuous environment of trust and cocreation. The Company has laid down several screening and performance evaluation criterion with more emphasis on social parameters like statutory compliance, health and safety with no compromise on quality and timely delivery with a high emphasis on Human Rights as well. Greenko strives to achieve its aim to expand the clean energy market which will also help them improve livelihood opportunities and push forward wealth and value creation for its stakeholders and business.

Provision of CC Pathway by Greenko at Greenko AT Hydro Pvt. Ltd., Himachal Pradesh

Responsible Partnerships

Contracts and Partnerships

Project Management at Greenko has its own attributes. In major projects like IRESP, the Company employs packaging philosophy through competitive bidding process, both international and domestic (ICB, DCB) for selection of supply chain partners. The start of any project at Greenko follows bidding process (International, Domestic or Open Competitive) based on a pre-determined qualification criteria with respect to the technical and design aspect which assists global competent players to put their bid and helps Greenko to find a suitable partner for its major projects. Greenko, for the IRESP projects clearly highlights its terms and conditions in the tendering (ICB/DCB/Open) which ensures that the vendors are well-aware of the possible risks and mitigation strategies before entering the contract.

Greenko essentially follows all the appropriate guidelines for the tendering process and conducts a technical discussion with all the candidates before successfully passing the tender since Greenko has major projects in its portfolio. Only when the bid qualifies on all the above aspects, it moves ahead for consideration of contract awarding.

Greenko adopts industry prudent practices in order to ensure that the processes of tendering (ICB/DCB/Open) maintain complete transparency in competitive bidding. Greenko mitigates all the risks (technical, statutory, information security and commercial) associated with all major contracts during tendering process.

Contracts & Procurement (C&P) KPIs

Responsible Procurement

Greenko has implemented a Responsible Procurement initiative to ensure a self-reliant sourcing of spare parts without compromising the 5Rs of Right Source, Right Price, Right Material, Right Quantity, and Right Time. The different steps being followed for Responsible Procurement are depicted in the infographic. Greenko Group has formed a separate committee for the execution of Responsible Procurement and each of them have been assigned tasks to visit different sites to ensure smooth implementation of the processes. Each team is assigned a task to identify the part codes of the components and the technical data sheets of identified components were collected from relevant stakeholders.

Greenko’s inhouse team was able to decode and comprehend the specifications of spares and was able to identify other alternative solutions in the market which matched the Company’s specifications.

This initiative helps Greenko to enrich the technical expertise about the spares and services, while reducing its dependency on few vendor partners, reducing the lead time for spares and giving an overall competitive advantage with impressive savings on the cost as well.

Malana Village, Himachal Pradesh

Sustainable Supply Chain

Greenko aims to bring in regenerative and circular economic models in its supply chain for which it has adopted positive changes in the C&P mechanism. The Group ensures that the techno commercial values which makes sure that a viable and high-quality product is delivered are balanced and all design and price related specifications and targets are met. Alignment of sourcing activities with the Group’s goals and objectives ensures that Greenko achieves higher efficiency leading to a better performance and reduction in supply chain risks while improving circularity in production. The Group conducts a preliminary screening of suppliers on social parameters as a part of onboarding process and restrict any engagements violating the pre-communicated ESG parameters.

Greenko strives to reduce its impact in the supply chain and looks to working in tandem with its suppliers to enhance their capacities wherever possible.

Greenko is committed to promote responsible and sustainable supply chain management in all aspects across the life cycle by changing, rethinking, reinventing, and repositioning the C&P role in the supply chain management matrix.

Corporate Alliances

As a part of the project ‘Disentangling Sea Turtles’, Greenko Group has partnered up with WWF India to work towards the conservation of the Olive Ridley Sea Turtles. The project aims to mitigate the threats to the sea turtles through advocacy at the regulatory level. Greenko Group is working closely with the fishing industry and the Indian fishermen community for the same.

Greenko Group has undertaken various engagement activities by means of workshops, awareness sessions, etc. to enable the adaptation of sustainable fishing practices. Furthermore, the awareness programs also intend to educate the fishermen by abstaining on unethical ways and use of ghost fishing gears which may have potential negative impacts on sea turtles and other threatened species.

Key Alliances in FY 21-22, CY 2022

  • Philanthropic Partnership between WWF India and Greenko Group
  • Focus on Conservation of Oceans
  • Collaboration with Govt. of Sikkim to conserve Red Pandas

Partnership with Vendors

At Greenko, since the cost of turbines form a major part of the hydropower and wind energy project costs, the Group has strived to set up a procurement strategy for the turbines. As a part of the strategy, Greenko has in place framework agreements and looks to developing an enduring relationship with its suppliers as the vendors are limited and there is an ever-growing demand for the turbines which form an integral part of Greenko’s operations.

The Company purchases wind turbines, hydro turbines and solar modules and other equipments related to power projects from the original equipment manufacturers. For the rest of the components, suppliers are selected on the basis on cost, reliability, warranty, coverage and ease of installation along with any other ancillary costs.

Transmission and Interconnection

A strong relationship and continuous engagement with the transmission utility authorities ensures that there is uninterrupted access to transmission infrastructure as the same along with access to power grid is of utmost importance to a project’s feasibility. Greenko ensures that timely discussions are conducted with the relevant state utilities regarding the availability of the grid and files the relevant application with the authorities to interconnect with the network.

Power which is generated via wind and solar farms is transmitted to the dedicated pooling stations only via high voltage transmission lines so that there is no fluctuation in the energy transmission, and this also leads to keeping the grids stable and ruling out any fluctuation issues.

Customer Relationship Management

Greenko strives to meet the expectations of its customers and the Group has streamlined its customer-centric processes to build long-term relationships with its customers. The customer profiles of Greenko range from state and privately-owned distribution companies to industrial and commercial users of energy. Due to issues of inconsistency and geographical limitations, utility customers of Greenko often face challenges of regular supply of renewable energy. Greenko strives to resolve these challenges by providing electricity on demand by forecasting the schedule to the extent feasible which is proven by the low penal charges paid by the Group. Greenko works in conjunction with regulators in order to provide uninterrupted and reliable power supply to its commercial and industrial users. The Group also generates wealth through selling power on the energy exchanges in India periodically.

Human Rights

Respecting Human Rights

At Greenko, commitment to human rights is cornerstone of its corporate policies.

The Company has policies on human rights (code of conduct, freedom of association, Prohibition of child labour, Prevention of forced labour, Policy on diversity, Equality and inclusion) which are applicable to its employees, suppliers and service providers. These policies are developed based on International Labour Organisation (ILO) and related national laws. Greenko continues to strengthen and introduce systems to ensure sound implementation of its policies on human rights and decent workplace for complete adherence.

Code of Conduct

There is a well laid procedure on Code of Conduct for employees of Greenko.

For the suppliers and contractors, a code of conduct consisting of Health and Safety, Environmental protection, Social accountability, Labour compliance requirements.

Prohibition of Child Labour and Forced Labour

At Greenko, at all its sites and contractors / suppliers, it is ensured that no child labour is employed and forced or compulsory labour is strictly prohibited.

Freedom of Association

Greenko recognises and respects the right of its employees to refrain from the exercise of the freedom of association and collective bargaining.

Greenko Security Services

The security personnel are effectively trained to uphold the human rights. All the security services deployed by Greenko are strictly governed in accordance with National and International laws. Continuous human rights trainings are being provided to Security personnel to perform their duties to promote respect for human rights as set forth in the Universal Declaration of Human Rights and international humanitarian law.

At Greenko, there are ZERO human rights breaches during 2021-22.

Provision of Study Material of Competitive Examinations at Gattu, Andhra Pradesh

Community Welfare Programmes

Greenko strives to contribute towards the social and economic growth of the communities in which they operate. The Group’s focus is on sustainable upliftment of the communities as they are pivotal to responsible business growth. Greenko values its relationships with its stakeholders and aligns its programmes with the UNSDGs. Programmes are aimed at metrics with a bottom-line impact such as increase in literacy rate, employment generation and sustainable living.

CSR Programmes Implemented

Greenko Group pays special focus on its community programmes. As a part of its community outreach program in the education sphere, the Group has taken up efforts to provide need-based infrastructure to government schools across locations wherein the organisation has constructed compound walls to safeguard the property, constructed washrooms specially for female students to ensure hygiene, made provisions for drinking water facility, etc. Keeping in mind the move towards digitalisation in owing to the Covid-19 pandemic, a majority of Greenko’s contributions is seen in promoting digital education among the Govt. schools through setting up of Computers labs, and Digital classrooms.

Furthermore, the Group’s focus on rural development initiatives augmented the improvement of basic existing amenities and creation of new amenities for the rural communities across locations in the various areas of street lighting facility, solid waste management, availability of potable drinking water, development of cremation places, internal approach roads etc. Greenko Group in association with local community institutions and associations further strengthened the livelihood of the locals.

Our major CSR activities which we conduct in close partnership with the local NGO’s, Expert Institutions and Government agencies include:

  1. Industry Customised Skill Development and Training in Solar Energy with Andhra Pradesh State Skill Development Corporation (APSSDC), Govt. of Andhra Pradesh
  2. Program for Sustainable Livelihood Improvement through Integrated Watershed Programs with Nation Bank for Agriculture and Rural Development (NABARD) in Maharashtra
  3. Habitat Conservation and Species Recovery of Great Indian Bustard (GIB) in 30 Km radius, at Rollapadu Wildlife Sanctuary along with Forest Department, Govt. of Andhra Pradesh
  4. Conservation of Olive Ridley Turtles in Andhra Coast (With WWF) is achieved by reducing the impact of ghost gear on threatened species as well as reduction of sea turtle bycatch in trawl fisheries.
  5. Demonstration of Natural Farming at Gani Solar Park (with collaboration of Sri Sri Institute of Agriculture and Technology, Bangalore)
  6. We have initiated plans to conserve Red Panda in coordination with the Government of Sikkim and in process of firming up with detailed program of support for conservation. The Program will include support to Panda Breeding Program in Himalayan Zoological Park covering Fencing, Surveillance and Enrichment Activity.
  7. Few other activities taken up such as Construction of Boundary fencing for the Wildlife Sanctuary, Translocation of unwanted trees in the wildlife sanctuary.

Hand Sanitiser Distribution by Greenko Foundation

CSR Case Study 1: Swachh Himachal Abhiyaan - Malana River Cleaning and Garbage Bins Distribution


The programme was implemented in collaboration with the local State Pollution Control Board (HPPCB) after consulting the local community. Appropriate stakeholders such as local regulatory officials also actively participated in this awareness campaign. Some of the highlights of the campaign included the display of a banner on Swachh Himachal at prominent locations, collection of garbage and plastic waste along the riverside by volunteers and local community members, sensitisation of the local community on environmental protection and water conservation, and the distribution of cloth bags to replace single use plastic. This programme adopted an inclusive approach by engaging local community members for the effective disposal of garbage in designated bins. The main activities of the awareness programme included the distribution of household dustbins to the local people and creating awareness for proper disposal of garbage in the bins only, and awareness on cleanliness, health, hygiene, sanitation and environment protection.

Swachh Bharat Campaign at Everest Power Pvt. Ltd., Himachal Pradesh

Distribution of Bio-Medical Waste Bins to PHC at Greenko Astha Projects Pvt. Ltd., Himachal Pradesh


Strategic Objective

Improving the health & living standards of rural people equitably and sustainably through the creation of social and economic infrastructure and basic community services and facilities.

Target Area

Sagwali Village in Daloda Tehsil of Mandsaur District in Madhya Pradesh State.


No. of Households


No. of Total Families


Total Population

  • Name of the village (s) covered: Sagwali

Material Topic Addressed

Community Developmen

Key Risk

Challenges in implementation of project due to the lengthy review and approval processes

Alignment with SDGs


The construction work started in the month of April 2022. The following impacts are observed from the above activity:

  • Directly benefited the entire 170 families of the village having a population of 674
  • Empowered the health status of 150 students of the school
  • Uplifted the health standard and empowered the socio-economic status of the villagers
  • Witnessed Clean India Green India campaign
  • Built an otherwise dilapidated compound wall for safeguarding to make sure the education kept continuing even during monsoon

Public Policy Advocacy

At Greenko, 550+ professional hours were productively invested by top leadership alongside regulators and policymakers for fruitful discussions around the tariff policies, regulations amendments, if any. Since the inception, Greenko has been constructively engaged with regulators/government bodies in giving suggestions and proposing the timely need to focus on niche areas such as storage of renewable energy and value-addition in the hydro power policy.

The efforts of transformation by Greenko from 1.0 to 4.0 has been manifested in various stages wherein the Group started with the aim of energising by way of commercialising renewable energy through various partnerships with Equipment OEMs and procuring Offtake contracts/Sale of Power to Grid. Furthermore, after achieving its first goal, Greenko had set to increase the scale of operations to increase the consumption of renewable energy and decrease the dependence on fossil fuels through adopting various complex technologies in solar, wind and hydro electricity generation during the evolution stage GKO 2.0 - decarbonisation. In order to move in tandem with the global growth in the field of RE, Greenko Group had set to digitalise the entire process while providing Energy Management Solutions through optimising asset performance. Today, as Greenko is in the evolution stage 4.0 which is decentralisation, it is aiming to transition to green molecules as a part of its strategy via investing in new business models along the energy value chain and is putting continuous efforts in bringing awareness and importance of Schedulable power (RE on demand) to push RE into replacing conventional fossil power.

The journey to reach the decentralisation stage, has evolved Greenko as a Group from a mere facilitator to an innovator by the time it evolved to GKO 4.0. The journey involved fruitful interactions with supply chain partners by forging co-creation and strategic alliances to share a common vision of continuous supply of clean and affordable power. Greenko has been driving the change in energy landscape through policy advocacy and has also contributed significantly on the matters of policy formulation/ regulations by aligning with CERC.

Steps taken towards Policy Implementation and enabling Favourable Policy shift:

  • For Connectivity Regulations:

Consideration of Renewable generation asset + Storage and Standalone Energy Storage System as an eligible entity for applying for connectivity to the ISTS network

No pre-requisite for soliciting connectivity for Pumped Storage Projects as opposed to specific milestones to be fulfilled for obtaining RE Connectivity

  • For Tariff Determination

Inclusion of ‘Renewable hybrid energy project’ and ‘Renewable energy with storage project’ as eligible Renewable generation asset.

Inclusion of definition of ‘Storage including pumped storage project for integration with RE generation asset to be considered as RE project

  • For Sharing of Inter-State Transmission Charges and Losses Regulations

Waiver of ISTS Charges for Pumped Hydro Storage Projects for 25 years, if project commissioned till 30.06.2025 and reduction in waiver (%) of 25% in subsequent each year.

  • Draft Report on Optimal Generation Capacity Mix for 2029-30 by CEA

Inclusion of ‘Pumped storage projects’ as key energy storage asset for emerging energy shifting requirement with the increase in Renewable generation proportion

  • Clarification regarding usage of Energy Storage System (ESS) in various applications across the entire value chain
  • PSP accorded status based on its application area i.e. generation, transmission and distribution
  • Union Cabinet has accorded approval to declare PSPs as renewable sources
  • Renewable energy with storage (only stored component) has been finalised to be considered for trading of carbon credits under Article 6.2 mechanism
  • Hydro Purchase Obligation introduced and already adopted by 13+ states
  • Storage Purchase obligation – 4% of total energy by 2030
  • Third-party storage contracting allowed in RE + Storage tenders
  • Statutory clarification regarding Energy Storage usage issued by ministry
  • Technology agnostic energy storage tenders issued by NTPC under which PSP was L1 bidder
  • Standard storage bidding guidelines to come out shortly
  • ISTS waiver of 25 years for supply from PSP storage project enabled
  • Anticipated Pumped Storage policy – States to open sites under the bidding route
  • ISTS charges waiver for Green Hydrogen/Ammonia using Green power Open Access
  • No cross-subsidy surcharge & additional surcharge on availing green power for green hydrogen/ ammonia production

Public Policy Advocacy at the States

In the age of competitive federalism, States in Union of India, attract investments into industrial activities by offering various benefits & incentives to the investing companies. These benefits would mostly be notified in the respective states’ Industrial Policy. Some states offer benefits & incentives over and above those included in their Industrial Policies and would be specific to a project proposal. These would be termed as “Customised Package”, investment proposals go through several discussions / consultations and various layers of approvals before they are approved and notified by the state government.

The key to extracting the best package for a project is to understand the needs for the project juxtaposed with the ability of the state to extend those benefits for the project. For the proposed 1440 MW Standalone Closed Loop Pumped Storage Project in Madhya Pradesh (which would be eventually enhanced to 1920 MW), Greenko prepared a list of benefits & incentives offered by various states, including Madhya Pradesh. A list of benefits that would be critical for the Company are carved out and negotiated with the state. The state offered “Reimbursement of 75% of SGST payable in the purchase of plant and machinery required for setting up the project” which was critical for the Company in managing capital costs. This benefit is unique in the sense that the Company would be able to recover 75% of State GST paid on the purchase of equipment as well as on the construction material for setting up the Plant.

The proposal / demand from the Company was placed with the concerned dept., New & Renewable Energy (NRED), who along with the Dept. of Industry Policy and Investment Promotion (DIPIP), with recommendation from Chief Secretary, placed the proposal before Cabinet Committee for Investment Promotion (CCIP) chaired by Hon’ble Chief Minister of Madhya Pradesh. The committee then deliberated and recommended the benefits to be extended to the Company.

“The key to extract the best possible benefit package for the Company rests on mutual understanding of what is good for the Company and its potential impact on the state which is extending the benefits. While the state puts its best efforts in attracting the investors to its territory by framing industry-friendly policies, the Company would also need to see what is good for them in terms of the overall package and how the benefits / incentives could be leveraged and operationalised for implementing the project in a time-bound manner and also making an excellent case for further investments in the state. We have seen that the successful operationalisation of the incentive package stimulates other states to adopt the same in their respective policies and that in itself would be a big win for the Company if it is planning to set up projects in these other investor-friendly states.”

Naveen KumarVP Commercial

Future Priorities

At Greenko, CSR has moved from just few community benefit initiatives to specific focus areas covering all the business domains and ever-expanding business portfolio. As we move from decentralisation ahead and use technology and innovation to our business benefit, we also visualise our CSR activities through a new lens, CSR as an inherent element of our culture for the benefit of all stakeholders. Our focus for the next two years would be around:

  • Engaging our community and stakeholders on platforms that evolve as per the need of changing times for maximising the benefits
  • To develop Micro sectors under the broad focus areas that best align with Company’s business activity, processes, value chain, people skills etc
  • Shifting the focus on meaningful interventions which provide long-term benefits and at the same time meet the relevant needs evolving with the dynamic social changes - win- win proposition for both Greenko and its stakeholders for visible sustainable economic, environmental and socio-cultural results
  • We wish to co-create with our community partners viz., community organisations, Non-Government Organisations (NGOs), Government agencies both local and central etc., by means of sustainable collaborations to contribute on the grassroot level
  • To focus on integrating the ESG framework and circular economy into the CSR practice

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