Gurugram :
Saatvik Green Energy Limited, one of India’s leading solar PV module
manufacturers, has released its first Sustainability Report for FY 2024–25,
highlighting measurable progress on clean energy adoption, emissions reduction
and responsible business practices. During the reporting year, the Company
consumed 2,698 GJ of energy from renewable sources across its operations and
avoided 544.75 tCO₂e of carbon emissions, underlining its commitment to
low-carbon and energy-efficient manufacturing.
Titled
“Powering Progress: Growing Together for a Greener Future”, the report has been
prepared with reference to the Global Reporting Initiative (GRI) Standards 2021
and is aligned with SEBI’s Business Responsibility and Sustainability Report
(BRSR) framework, the National Guidelines on Responsible Business Conduct
(NGRBC) and the UN Sustainable Development Goals (SDGs). It covers the
financial year 2024-25 and includes Saatvik Green Energy Limited and Saatvik
Solar Industries Private Limited, based on an operational control approach.
Alongside
its environmental performance, Saatvik continued to strengthen its social and
governance practices during FY 2024–25. The Company invested ₹85.75 lakh
towards CSR initiatives focused on healthcare, education and rural development
in communities around its operating locations. Reflecting its strong
people-first approach, Saatvik also recorded zero lost-time injuries (LTI)
during the year and continued investments in employee capability building. The
Company also strengthened its people and capability programmes, completing
11,282 training hours during the year.
All
manufacturing facilities operated under internationally recognized management
systems and are certified to ISO 9001, ISO 14001 and ISO 45001, covering
quality, environmental and occupational health and safety standards. During the
year, Saatvik Green Energy Limited was also recognized as a Great Place to
Work®, based on employee feedback.
Commenting on the release of the report, Mr. Prashant Mathur, CEO,
Saatvik Green Energy Limited, said,
“Our inaugural Sustainability Report
reflects our commitment to building a cleaner, greener and more resilient
future through responsible manufacturing and strong governance. As India moves
towards 500 GW of non-fossil capacity by 2030 and its net-zero target by 2070,
we are focused on reducing our environmental footprint, strengthening safety
and well-being across our workforce, and creating meaningful social impact in
the communities where we operate.”
Looking
ahead, Saatvik plans to further deepen ESG integration, strengthen engagement
across its value chain and progressively expand the scope of sustainability
disclosures to include value chain partners and product end-of-life impacts.