ENVIRONMENTAL, SOCIAL, gOVERNANCE
WE TAKE RESPONSIBILITY
As a leading player in utility-scale solar, Greencells already is at the forefront in the fight against climate change. For the development and construction of our solar plants, we want to make sure that we live up to latest ESG-standards. Therefore, Greencells strategically addresses ESG topics internally and externally.
Our ESG Framework sets out how we as a company act to ensure our operations are conducted in an environmentally friendly and socially responsible way, how we manage relationships with employees, suppliers, customers, and the communities where we operate.
In terms of our Green Bond, we are obligated to report annually on the allocation of Green Bond funds. In this context, we report not only on the allocation of funds itself, but also on its positive contribution to sustainability. In 2022, Green Bond funds supported the development of solar parks with a total capacity of approximately 2.1 GW.
In our annual Green Bond fund usage report, we report not only on the allocation of funds itself, but also on its positive contribution to sustainability. In 2021, Green Bond funds contributed to the development of solar parks that in future will save approximately 2 million tCO2 annually.
This case study illustrates our company’s progressive approach to the development of large-scale solar installations and the environmentally and socially responsible integration of our projects into host communities.