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.