PTC India adopts Environmental, Social and Governance Vision 2030

New Delhi: PTC India Limited, the leading provider of power trading solutions in India, today informed about the company’s adoption of Environmental, Social and Governance (ESG) Policy for Business Responsibility and Sustainability reporting (BRSR) framework. The decision to this effect was taken in the Board of Directors’  meeting held on January 19, 2023.

The company’s ESG vision 2030 focuses on the five pillars of Sustainable Environment, Empowered Community, Rewarding Workplace, Secure Network and Robust Governance. PTC India has also structured a roadmap for its ESG Vision 2030 which comprises of various short term and long-term initiatives focusing on GHG emissions, climate change, employee engagement, diversity and inclusion, social welfare, corporate governance, Systemic risk management, amongst many others.

The company has also laid down a governance structure for review of ESG initiatives. A Board level ESG committee has been set up to periodically review the ESG performance of the company and provide ESG inputs to the Board of Directors. The company has also set up an ESG council, with an objective to provide ESG oversight and ensure that the ESG targets and ambitions are integrated into company’s business and processes.

Commenting on the occasion, Dr. Rajib K Mishra, CMD (addl. charge), PTC India Limited, said:

“We are pleased to announce adoption of ESG Vision 2030 for PTC India Limited which is based on SEBI’s BRSR framework. PTC is committed to meet energy needs of all using the resources at our disposal and at the same time encourage renewable energy contributing to climate mitigation. Through its ESG initiatives the company endeavors to create sustainable social and environmental impact”

PTC India Ltd.is the pioneer in starting a power market in India. The Company has maintained its leadership position in power trading since inception. PTC has also been mandated by the Government of India to trade electricity with Bhutan, Nepal and Bangladesh.

The trading activities undertaken by PTC include long term trading of power generated from large power projects including renewables as well as short term trading arising as a result of supply and demand mismatches, which inevitably occur in various regions of the country.

The Company is credited with a number of products in the electricity trading market to meet the divergent needs of the customers. Driven by the vision of shaping a vibrant power market, PTC has been providing value-added services to its clients and built trust as a reliable partner. The electricity traded from cross border resources is a significant component of the total electricity traded by the Company.

PTC is a unique example of a successful public-private partnership with major PSUs of the Ministry of Power, Government of India as promoters and a widely held ownership interest. The diverse composition of its Board of Directors includes eminent people as independent directors.

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