Adani Group to invest $100 billion in ESG over 10 years
Adani Group’s portfolio companies will invest $100 billion over the next decade to achieve its energy transition goals, including sourcing of renewables and development of hydrogen fuel cell electric truck among others.
The group has set a target to become net zero by 2050, or earlier, for five of its portfolio companies — Adani Green Energy (AGEL), Adani Energy Solutions (AESL), Adani Ports & Special Economic Zone (APSEZ), ACC and Ambuja Cements.
The group’s portfolio businesses are sourcing renewables, electrifying operations, adopting biofuels and deploying waste heat recovery and energy storage technologies. The roadmap to the net zero transition would require last-mile green hydrogen solutions, the group said, while releasing its half-yearly ESG compendium.
