Achieving a Just Transition:
Framework for Company Action
- Incorporate nature preservation and restoration plans into transition initiatives involving physical displacement of natural habitats and community dependent infrastructure.
- Measure, track, and report environmental impacts of operations.
- Work with local communities to support the alternative re-use of decommissioned infrastructure.
See it in action
ACEN established an Environmental and Social Management System that incorporates global best practices in protecting and conserving biodiversity, maintaining ecosystem services, and adequately managing living natural resources throughout the lifecycle of its power plants.
ACEN conducts rapid biodiversity assessments and will not engage in projects in habitats with Critically Endangered or Endangered Species, as listed on the International Union for the Conservation of Nature (IUCN) Red List of Threatened Species. AC Energy protects over 1,000 hectares of forest land, has planted 450,000 trees, and aims to plant 1 million trees by 2025.
As a result, the company has ensured its operations have no net negative impact on local biodiversity and ecosystems. In addition, Reliance conducts periodic environment impact studies for its greenfield and brownfield projects, to continuously evaluate and mitigate any impact operations may have on ecosystems.
Who's measuring these actions?
Disclosure Indicator 9 – Just Transition
Sub-indicator 9.4 – Action:
Metric a) The company supports low-carbon initiatives (e.g. regeneration, access to clean and affordable energy, site repurposing) in regions affected by decarbonization.