Environmental & Social Management System

Neoteric Energy’s ESG Commitment through a Robust ESMS:

Neoteric Energy has established a robust Environmental and Social Management System (ESMS) to proactively manage environmental, social, and governance (ESG) risks. This system enables the company to:

identify and Evaluate ESG Risks Early: All prospective projects undergo thorough ESG risk screening before investment decisions are made, ensuring risks are addressed upfront.

Mitigate Risks from the Start: Greenfield developments and new acquisitions are rigorously assessed at the conceptualization stage, including the analysis of climate-related risks, with appropriate mitigation strategies integrated from inception.

Drive Sustainable Operations: The ESMS empowers Neoteric Energy to align its operations with its sustainability goals, embedding responsible practices at the core of project planning and execution.

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Green House Footprint

Neoteric Energy is committed to adding 2 GW of distributed renewable energy capacity in India, targeting its commercial and industrial customers. This initiative will support the decarbonization of the energy sector and help businesses reduce their greenhouse gas (GHG) emissions, contributing to the global effort to limit the rise in temperatures to 1.5°C.

The company is also dedicated to supporting global climate change mitigation efforts. Neoteric Energy consistently tracks and reports its carbon footprint, including emissions from Scope 1 (direct emissions from owned or controlled sources), Scope 2 (emissions from purchased electricity), and limited Scope 3 emissions (from activities like business travel and employee commutes). These efforts align with the ISO 1464-1/GHG Protocol Corporate Accounting and Reporting Standard. Transparency and accountability regarding our environmental performance are core to our values.

Water Management

At Neoteric Energy, we are deeply mindful of the growing global concern over the scarcity of fresh water resources. In response, we are committed to adopting sustainable water management practices across all our operations. Understanding that water is a precious and finite resource, we actively pursue innovative solutions to minimize water usage without compromising performance.

One such initiative is the use of dry robotic cleaning systems across the majority of our ground-mounted solar installations in the Neoteric portfolio. This advanced technology eliminates the need for water-based cleaning, saving approximately 1.8 liters of water per module per cleaning cycle. By scaling these eco-efficient practices, we not only conserve valuable freshwater resources but also set a benchmark for environmentally responsible operations within the renewable energy sector.

At Neoteric Energy, we recognize the urgency of addressing freshwater scarcity and are dedicated to ensuring responsible water usage in every aspect of our business.

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Waste Management

Neoteric Energy is dedicated to minimizing the environmental impact of its operations while ensuring a safe, healthy, and inclusive environment for all employees, workers, visitors, and clients. We are committed to conserving natural resources, reducing waste, and minimizing the environmental harm caused by our activities.

Through the Neoteric initiative, we actively promote recycling and reusing materials wherever possible and ensure that waste is disposed of safely and in compliance with legal regulations. Our approach to sustainability includes responsible waste management, resource conservation, and strict adherence to environmental laws, with a continuous focus on process improvement to reduce our impact.

We are driven by innovation, collaboration, and a strong safety culture, all aimed at creating a cleaner, safer future for our people, our clients, the communities we serve, and the planet. At Neoteric Energy, sustainability is at the heart of everything we do, and we are committed to making a positive difference through responsible practices and ongoing environmental stewardship.

Biodiversity Management

Neoteric Energy is fully committed to protecting ecosystems and preserving biodiversity as a core part of our sustainable development goals. We proactively implement measures to minimize habitat degradation and prevent biodiversity loss associated with our projects. To ensure that our initiatives align with environmental and social responsibility, we thoroughly screen all future projects for their potential impacts, applying mitigating measures as needed.

For larger and more complex developments, we conduct a comprehensive Environmental and Social Impact Assessment (ESIA) in accordance with international best practices. This rigorous process helps us predict and address any potential adverse environmental and social effects, ensuring that the benefits of our projects are maximized while minimizing any negative impact.

At Neoteric Energy, we prioritize the careful evaluation of each proposed project to identify risks early and take action to preserve the natural environment and biodiversity.

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