Emergy’s Environmental, Social and Governance (ESG) Policy Statement
Wind and solar projects enable people to reduce their dependency on traditional resources such as gas, oil and coal, which is conducive to the global fight against climate change. EMERGY develops, operates and owns renewable energy projects in emerging economies. The company will not undertake activities in other sectors, and the use of proceeds – eg through green finance instruments – will exclusively be used for renewable energy projects.
We at EMERGY believe that sustainable tapping into natural resources will help to secure a better and green future, maintaining the environment while – by sharing benefits and having effective and constructive engagement – creating opportunities for impacted communities (‘Project Affected Persons’) at the same time. Active stakeholder engagement is one of our core values.
EMERGY is highly aware of the environmental and social (E&S) impacts its operations have on local communities. In project developments we are dealing with a known set of negative impacts which we map, assess, minimize, mitigate and monitor from an early stage throughout the life cycle of a project. Our commitment is a sustainable approach from all perspectives, thus implementing our corporate social responsibility (‘CSR’).
We value input from stakeholders who help further strengthen our approach. Our grievance mechanism provides stakeholders with a platform for feedback and complaints, and EMERGY with an instrument to gain understanding of our impact and improve our performance.
In every project our company ventures in, we are committed to acting in compliance with local and international environmental and social (E&S) standards and guidelines, including the Equator Principles, the latest IFC Performance Standards and EHS Guidelines, EBRD’s Environmental and Social Guidelines, ILO Core Labor Standards and ILO Basic Terms and Conditions of Employment and – more recently – the UN Guiding Principles on Business and Human Rights.
Corporate E&S Policy
Emergy’s overarching E&S policy describes the E&S management of initial project assessment, construction and operations, and rehabilitation through to decommissioning.
Major chapters of the E&S policy include corporate social responsibility (CSR) policy, assessment and screening of potential investments, stakeholder consultation and engagement, and E&S monitoring and reviews.
Emergy works with internationally reputable advisors to make sure its E&S policies and plans are strictly complied with by its employees and constructors.
Its E&S practices are well documented and made public where required.
ESG TRANSLATES INTO POSITIVE IMPACT
- Our projects help reduce CO2 emissions and create a sustainable, low carbon economy
- We adhere to the highest environmental standards (IFC PS/EP, EBRD)
- The climate impact of Emergy’s operations will be measure
2.7m tons CO2 avoided fro our Syvash and Zophia projects each year
Provide 1 084 000 Ukrainian households with reliable, clean energy
- Our IFC PS based environmental and social management system provides a reliable structure to uphold fair and safe working conditions against international standards (ILO)
- We create quality jobs in local communities and contribute by locally sourcing our projects
Community Development fund for Zophia wind farm including extensive stakeholder engagement program
Use of latest technology to provide local sourcing and optimize local subcontracting
- Emergy’s business standards, principles and controls are replicated into contracts
- ESG is in the veins of our organization: from the Board down through all levels
Syvash wind farm constructred without business control incidents
Emergy ESG standars are repolicated onto all (sub) contractors.