Environmental, Social and Governance
Sustainability Reports
At ACP Renewables, we will follow the Global Reporting Index (GRI) standards, an internationally recognized standardized framework for disclosing economic, environmental, and social performance. Our 2023 ESG report will qualify at GRI’s core level. We will also provide information on additional standard disclosures where data is available.
Table of Contents
Letter from the CEO
The letter from the CEO will describe the company’s performance towards its ESG strategy goals in the current year and the goals for the next year.
This will cover the following dimensions: Environmental (including safety issues), Social, and Governance (including external ratings, if available).
- 1. Overview
1.1 ACP Renewables: A Snapshot
1.2 About This Report
1.3 Our Business Model and Strategy
1.4 Key Business Highlights
U.N. Global Compact
- 2. Environment
2.1 Environment
2.2 Task Force on Climate Related Financial Disclosures (TCFD)
2.3 Greenhouse Gas Emissions
2.4 Water Management
2.5 Waste Management
2.6 Biodiversity
- 3. Social
3.1 Our Principles
3.2 Asset Management
3.3 Supply Chain Management
3.4 Human Capital
3.5 Occupational Health and Safety
3.6 Local Communities
- 4. Governance
4.1 Business Ethics
4.2 Sustainability Governance
4.3 Capital Structure
4.4 Board of Directors
4.5 Incentivized Pay
4.6 Digital Transformation and Data Security
4.7 Shareholder Engagement
Guiding Principles
Wellness and Safety
Ensure proper labor and working conditions to safeguard the health and safety of ACP Renewables.
Inclusivity
Encourage a culture of meritocracy, fairness, and transparency.
Trust and Responsibility
Promote honesty, integrity, fairness, and respect in all of our business practices.
Privacy and Cybersecurity
Protect the privacy of confidential consumer and corporate information through all ACP Renewables operations.
Transparency
Provide stakeholders with clear, transparent information regarding ESG risks.
Protecting Our Planet
Ensure and continuously improve the environmental responsibility and energy efficiency of ACP Renewables.
Social and Community Empowerment
Promote the development of the communities in which we operate and use our position as a community leader to provide charitable contributions, with a focus on job training and opportunity, access to education, supporting the arts and culture, and protecting our health and environment.
ESG Policies
At ACP Renewables, we recognize the opportunity and responsibility we have to make a positive impact on the world through our business and investment decisions.
The sponsors of ACP Renewables wish the company to contribute, in all aspects of corporate life, to true sustainability, subscribing to maximize the company's impact on all UN sustainable development goals.
To this extent, the company operates in line with Equator Principles and IFC Performance Standards. In practice this means the company has adopted the following ESG policies.
Industry Engagement
The Principles for Responsible Investment is an international global network of asset managers, owners and service providers working together to put responsible investment into practice.
The six Principles for Responsible Investment, which are voluntary, aim to provide a framework for integrating environmental, social and corporate governance considerations into investment decision-making and ownership practices. In signing the UN-supported PRI, we publicly commit to adopting and implementing the six Principles, where consistent with our fiduciary responsibilities, as well as to report on our responsible investment activities annually.
The Global Impact Investing Network (“GIIN”) is a leading global platform and non-profit organization dedicated to promoting collective investor action to increase the scale of positive, measurable social and environmental impact.
Our membership signifies our support towards the development of the impact investing industry and our commitment to contributing to the membership community, learning more about the tools and resources defining the impact investing industry, and to using this information to deepen our own practice and engagement with, or understanding of, the industry.
The Task Force on Climate-related Financial Disclosures (“TCFD”) was formed by the Financial Stability Board to promote more transparent reporting of climate risks and opportunities by organizations so that investors could better understand the climate risks they may face thus enabling them to take informed capital-allocation decisions. The TCFD recommendations, released in 2017, are focused around four core areas: governance, strategy, risk management, and metrics and targets.
By becoming a supporter to the TCFD, we commit to work towards the implementation of the TCFD recommendations. We shall disclose how we identify, assess and manage climate risks and opportunities in the context of our operations: from physical risks arising from climate change to opportunities unfolding through the transition to a low-carbon economy.
The UN Global Compact is a strategic and voluntary initiative designed to encourage businesses to set in motion changes to their operations so that the Ten Principles on human rights, labor, environment and anti-corruption become part of strategy, culture and day-to-day practices.
On 1 January 2016, the 17 Sustainable Development Goals (SDGs) of the 2030 Agenda for Sustainable Development — adopted by world leaders in September 2015 at an historic UN Summit — officially came into force. Over the next fifteen years, with these new goals that universally apply to all, countries will mobilize efforts to end all forms of poverty, fight inequalities and tackle climate change, while ensuring that no one is left behind.
ACP Renewables is committed to implementing and monitoring the Ten Principles. ACP Renewables will meaningfully contribute to sustainable development, primarily through generating clean energy and building on climate action. Additionally, we remain committed to deliver on a range of environmental, social and governance benefits: from ensuring decent work and promoting gender equality to supporting education and capacity building.
Reporting Any Concerns
Employees, consultants, suppliers, and stakeholders who have observed any potential violation or unethical behavior that contradicts our Guiding Principles or any of our ESG Policies may please help us by reporting your concern through our whistleblowing channel.
All reports are handled confidentially and in accordance with our procedure for whistleblowing and internal investigations. You can choose to be anonymous if you want to.
