ICICI Securities: NTPC - Sustainability Targets Encouraging
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ICICI Securities Report
NTPC Ltd.’s thrust on better compliance and disclosures, integrated reporting and target based sustainability strategy is aimed at improving its environmental, social and governance compliance to global requirements.
Company’s FY20 integrated annual report is based on International Integrated Reporting Council standards (along with references to other frameworks) and contains key sustainability-related information.
Its recently-released sustainability targets through a plan named The Brighter Plan 2032, which focuses on seven key areas, is a step in the right direction.
With its vision to become one of the world’s leading integrated power companies by CY32, a target-based approach was necessary and the CY32 plan (combined with the existing target of 130 gigawatt capacity by the same year) is designed to meet the purpose.
Focus on the plan is expected to help the company improve its ESG scores and bring it at par with some of its global peers.
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