We have identified key ESG risks and adopted multiple mitigation measures which are business specific for e.g. Mangrove Afforestation in Adani Ports and Increasing Renewable mix in power procurement from 3% in FY21 to 30% FY23 and 60% by FY27 in Adani Elec tricity Mumbai, part of Adani Transmission Limited. The portfolio companies have adopted best -in- class global disclosures and standards like TCFD, SBTi, CDP, SDGs. The portfolio companies are on track to achieve the following: − Water neutral − Zero Waste to Landfill − SUP free sites − Mangrove Afforestation − Zero Biodiversity Net Loss − Carbon Neutrality Additionally, we have improved our Governance standards to align it with Global Best practices. We have already constituted a Corporate Responsibility Commi ttee (100% independent board committee) in all of our portfolio companies which does the review of the ESG progress and framework alignment with progress of the same. Most of the Board Committees in the portfolio companies have majority representation fr om independent directors. All committee’s Terms of References (TOR) has to be reviewed by the board on periodic basis. Below is a short summary of the ESG credentials and environmental commitments of Adani Portfolio companies
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