Business Responsibility and Sustainability Report, 2023-24, of PTC India Limited This report reflects the commitment of the company to conducting its business with high ethical practices concerning the environment and society.
The major chunk of the business of PTC India pertained to the sale and trading of power. Consequent upon this detailed disclosure at SEBI, the company has endeavored to bring forth sustainability development, including governance aspects thereof. The body would like to bring the following to notice:
The report sheds light on the overview of the business of PTC India and underlines the fact that its power trading makes up more than 99% of the company’s turnover. PTC India supplies both national and international markets, and these include Bangladesh, Bhutan, and Nepal. Thus, the company positioned itself as an intermediary in the power sector, facilitating the cross-border flow of electricity into and within India.
PTC India’s sustainability initiatives form a focal point of BRSR. The company has logged quite ample achievement in its environmental footprint reduction, as reflected by its energy efficiency projects and purchase of renewable energy certificates. These efforts have resulted in a reduction of greenhouse gas emissions and align with PTC’s greater vision to help the country move towards a ‘green’ energy-based economy.
Another very important area where the leadership qualities of PTC India are manifested is in its corporate social responsibility. It has established an effective grievance redressal mechanism, which has made the company transparent and fair in addressing employee and stakeholder grievances. Similarly, the CSR activities of PTC India have been directed at empowering communities with healthcare, education, and social welfare projects, thus partaking in all-round inclusive growth.
On the governance front, assorted anti-corruption and ethical conduct policies have been further strengthened in PTC India. In this direction, the crucial role of the Board of Directors and senior management in implementing these policies and conducting all business operations at the highest degree of fairness and accountability cannot be underestimated.
Conclusion
PTC India Limited’s BRSR, about FY 2023-24, essentially epitomizes the firm’s commitment to sustainability, ethical governance, and social responsibility. It integrates these premises within the core operations of PTC India to enhance business performance and offer positive contributions toward the community and environment. This report, in effect, underlines PTC’s role in shaping a sustainable future for the energy sector.
Source: BRSR
Credit: PTC India Limited