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Illuminating Sustainable Development Adani Transmission Limited Adani Transmission Adani Transmission Limited Illuminating The Path to Sustainable Development Sustainability Report 2016-17 Transmitting Power. Distributing Hope. Contents Sustainability Strategy 4 About Us and Our Report 12 Stakeholder Engagement and Materiality Assessment 22 Risk Management and Corporate Governance 30 Economic Performance 42 Environmental Performance 46 Social Performance 56 Appendices Conversion Factors and Assumptions 70 Independent Assurance Statement 71 GRI Content Index 74 Mapping with IFC Performance Standards 81 Abbreviations 82 Illuminating the Path to Sustainable Development As an enterprise of global repute, we are focused on realising this focus will also deepen our relationships with customers, our ambition of powering nations. In our pursuit of this vision, business partners and other key stakeholders, positioning our we aim to add value to all our businesses by delivering an business on the path of sustainable and profitable growth. outstanding performance. Going forward, we believe that Sustainability Report 2016-17 About Adani Group The Adani Group is one of India’s leading business houses with revenue of over US$ 12 billion. Founded in 1988, the Group has grown to become a global integrated infrastructure player with businesses in key industry verticals – resources, logistics and energy. Key Highlights The largest The largest private private sector sector power power producer transmission in India company in India The largest edible The largest oil manufacturing coal importer capacity in India in India The largest port operator in India 2 Adani Transmission Limited We are committed towards continual improvement and maintaining benchmarks in the areas of environment, occupational health and safety (OHS), quality of services and personnel. Key Achievements st Private player in the power sector in India 1to secure an international investment grade rating from Moody’s (Baa3), S&P (BBB-) and Fitch (BBB-) Private HVDC (High Voltage Direct Current) utility in India Private company to use a prefabricated steel structure valve hall in India Private company in India to execute 765 kV transmission system in the state of Maharashtra Company in India to have executed a typical (Pi) shape tower at 400 kV Sami Switching Station in Gujarat 3 Sustainability Report 2016-17 d 4 Adani Transmission Limited d Sustainability Strategy Management Perspective 5 Sustainability Report 2016-17 CEO’s Statement We strongly believe in sustainable Electricity Plan of December 2016 also development, and hence it was a brings out an all India transmission collective call to publish an annual capacity addition during the 13th Plan sustainability report to disclose our requiring capital investment. sustainability performance to the stakeholders, right from the first year of The power transmission sector in India is our operations. I am pleased to present well poised for growth with the opening Adani Transmission Limited’s second up of this sector for private participation, sustainability report. introduction of tariff-based competitive Adani Transmission has bidding, delinking of transmission The Indian transmission sector reported planning from generation planning and ensured an industry steady growth during FY 2016-17 with an overall enabling policy landscape. an addition of about 26,300 circuit km Capitalising on this Adani Transmission leading performance of transmission lines and 81,816 MVA has ensured an industry leading by achieving more than of transformation capacity, which was performance by achieving more than 112.5% and 181.1% of the annual target 99.80% availability in the reporting year. 99.80% availability in the respectively. As on 31st March 2017, As our transmission network grows, it will reporting year. the total transmission capacity of the be our continuous endeavour to maintain Inter-Regional Links in India was around our network availability performance 75,050 MW, which is likely to increase to and thereby serve our customers better. 1,20,750 MW by the end of the 13th Five Best-in-class O&M practices and a quest Year Plan (2017-22). for excellence helped us ensure a robust financial performance in FY 2016-17. The During FY 2016-17, approximately 1.4 total revenue was ` 29,015.5 million and billion units generated in the country our consolidated net profit was could not be traded on the national ` 4,164.3 million. power exchange due to transmission constraints. Further, based on the We have progressed well on our target national policy, huge capacity addition of building operational assets of 20,000 in solar and wind segments is expected circuit km by 2022. During the year, we and this throws up an additional added 398 circuit km of transmission challenge of absorption of such power lines and 1,360 MVA of transformation generated into the Indian National grid. capacity, through our first acquisition Recognising this fact, the draft National of operational assets in Maru 6 GRI G4-1, G4-30, G4-32a Adani Transmission Limited Transmission Service Company and further strengthen our processes and Aravali Transmission Service Company present our sustainability performance in Rajasthan. Recently, we have based on GRI’s Principles for defining successfully won four projects on a Build, report content and quality. Own, Operate and Maintain (BOOM) basis amounting to about 706 circuit km We have developed our short, medium and 1,585 MVA transformation capacity and long-term targets for achieving through tariff-based competitive bidding economic sustainability without routes. We continue to be one of the compromising on our environmental We continue to be one of largest private sector transmission and social performance. Our people companies in India, at 5,448 circuit km are our assets. Our achievements the largest private sector of transmission lines and 13,990 MVA of in the Power Transmission sector transformation capacity in operations would not have been possible without transmission companies and 1,916 circuit km under construction. the extraordinary performance in India, at 5,448 circuit of our people. We continue to During the year, we upgraded our work extensively to ensure further km of transmission lines systems and processes to expand our development and empowerment of our and 13,990 MVA of reporting from GRI G4’s ‘In accordance’ human resources across various levels – Core option to its ‘In accordance’ – of employment. Due to the nature of transformation capacity Comprehensive option, including our our business, our workforce is a mix in operations and environmental and social performance of regular and contract employees based on International Finance and as a policy we do not differentiate 1,916 circuit km under Corporation (IFC) Guidelines. We will between the two. This Report presents continue to provide a comprehensive some of the key initiatives around construction. and balanced disclosure of our strengthening our human resources sustainability performance on an including our investment in developing annual basis. This year we revisited a strong leadership potential across our materiality based on an inside-out the company and enhancing people’s approach to materiality assessment capabilities through an advanced by including inputs from our key learning management system. Our stakeholders. Our material issues concern for the growth and well-being were finalised after a series of internal of our employees is also extended to deliberations including our Board of their families through various employee Directors. Going forward, we plan to welfare programmes. With a motto of 7 Sustainability Report 2016-17 ‘Zero Accidents’, we focus engage and participate with national predominantly on workplace safety, and international technical bodies/ especially at our project sites. forums to identify and explore various options to understand and identify By nature, the transmission business emerging issues in our sector. We also is environment-friendly and has ensure that all applicable regulatory We are cognisant of minimal impact on biodiversity. As a prescriptions regarding technical standard procedure, we undertake aspects of assets are adhered to. the need to conserve a detailed survey before executing natural resources and all the projects. We recognise that Considering safety of human resources transmission lines do have localised in projects and O&M, we have embedded avoid ecologically impacts on natural resources and local health, safety and security as per our communities, whenever these lines pass organisational values. We ensure strict sensitive areas, Eco- through sensitive areas. We ensure a adherence to industry best practices Sensitive Zones (ESZs), precautionary approach through proper across our operations and strive to due diligence and make necessary improve our occupational health forests, sanctuaries, changes where we find ourselves in and safety performance to create a national parks, biosphere conflict with the environment. We are safe and secure workplace. We have cognisant of the need to conserve implemented IMS across our operations reserves, Coastal natural resources and avoid ecologically to identify and manage hazards, risks Regulation Zones (CRZs), sensitive areas, Eco-Sensitive Zones and emergencies related to projects (ESZs), forests, sanctuaries, national and O&M and we are proud to observe farmlands and human parks, biosphere reserves, Coastal no reportable incidents during the year. Regulation Zones (CRZs), farmlands and All our employees actively
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