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We deliver a significant and meaningful contribution to the energy transition, and CIP Fund investments promote positive impact. As of 2024, our combined projects are expected to avoid approximately 15 million tonnes of GHG emissions annually and produce enough energy to power the equivalent of 8.8 million households.
While emissions from CIP's own operations are a small fraction compared to the volume of emissions we avoided through our funds, we are committed to doing our part. Our Scope 1-3 GHG emissions target is as follows:
We adhere to several international ESG standards, industry initiatives reporting and climate disclosures.
CIP is a signatory or supporter of:
CIP provides reporting and disclosures on:
To reach our climate target we have worked systematically to identify potential emission reduction opportunities and integrate decarbonisation efforts into our ways of working and the way we run our offices.
We have continued to integrate decarbonisation efforts into our business operations wherever possible. For example, we have collaborated with building owners to undergo a transition towards 100% clean energy at all of our office locations by 2025. Additionally, we consider the carbon footprint of office products in our procurement decisions, requesting emission estimates from suppliers and favouring those who are actively engaged and decarbonisation efforts. We have also refined our carbon accounting methodologies and enhanced our data processes to enable more robust and real-time data collection.
Focus ahead
We will continue implementing solutions to reduce our carbon footprint and invest in improvements to our abilities to more accurately measure and track our carbon performance.
CIP recognises that the success of its projects is deeply intertwined with the wellbeing and prosperity of the communities that it operates in. Our commitment goes beyond providing environmental benefits, also including a strong focus on economic development and community engagement. By fostering strong relationships with local and indigenous communities alike, we aim to create lasting positive impacts, empowering communities to thrive while improving local interest in and acceptance of our projects.
Focus ahead
CIP will continue to seek new and meaningful opportunities to engage with local communities surrounding our projects. We are committed to building strong relationships with local communities to ensure that their voices are heard and their needs are met throughout the development and operation of our projects.
India’s renewable energy sector is rapidly expanding, driven by the dual demand for new energy generation and clean energy solutions. As the sector grows, effective community engagement is necessary to ensure that new energy infrastructure not only provides environmental benefits but also contributes to the social and economic development of the regions where they are located. Within this evolving business landscape, AMPIN Energy Transition, a project partner of CIP, stands out for its innovative solar projects and for its commitment to community engagement. Together, CIP and AMPIN have formed a strategic partnership for the Unicus I and Unicus II projects within the CI GMF I and CI GMF II funds. This collaboration exemplifies how partnerships can drive both technological advancements and social impact, helping to create prosperity in the communities surrounding the project areas.
One recent success story from this partnership involved contributions that were made to local schools, where the quality of infrastructure and resources varied greatly school to school. To ensure that the support would be effective, AMPIN gathered data directly from school visits and interviews with faculty to assess the most critical needs of each school. This information was then used to formulate targeted solutions, primarily improvements to school infrastructure and the provision of educational supplies across several. For example, in the village of Saktapur, near our 140 MW floating solar project, initiatives focused on two local schools that served nearly 250 students and were done in close collaboration with the village leader and school staff. In the villages of Kothala, Narwadi, and Chukar Pimpri, which are all adjacent to our 105 MW solar project, we improved the infrastructure of three local public schools and provided much needed school supplies.
As a result of these initiatives, teachers reported that students were more motivated to attend school, which positively impacts learning outcomes and attendance rates. CIP believes these efforts will help to foster a more trusting relationship between AMPIN and local stakeholders, something that will hopefully persist for future projects. This demonstrates how a holistic approach to community engagement can not only lead to positive and lasting impacts on local communities, but ultimately also has the potential to contribute to the success of energy infrastructure projects.
CIP recognises that building and operating large-scale energy infrastructure projects necessitates the mobilisation of large workforces, both directly at its project sites and indirectly across various value chains. It is our belief that these workforces are the backbone of a successful energy transition. Safe, well-trained workforces, operating under fair labour conditions, will enable CIP to deliver successful projects and continue building value that matters.
Over the past year we have remained dedicated to maintaining rigorous health and safety standards that we have worked hard to implement across every project in our portfolio. This has been accomplished through efforts such as proper counterparty selection, conducting frequent safety trainings for construction teams, comprehensive incident reporting and much more.
Focus Ahead
CIP is dedicated to continuing to uphold high health and safety standards across all its projects, regardless of geography. We are working to build out more robust safety and reporting systems using digital solutions that will be integrated across all aspects of our business. We will also be launching a health and safety awareness campaign, a series of training sessions for CIP management on the topic, and workshops with CIP, our platform companies and other key business partners to discuss further improvements to project site safety.