Our Sustainability reporting
Our public listing in 2021 heightened our commitment to disclosure on ESG-related topics. ACWA Power is committed to demonstrating transparency and effective management to enhance our ability to attract long-term capital and favourable financing terms.
By reporting regularly on our ESG KPIs, we are aiming to unlock the relevant information that key stakeholders need to make informed decisions about our ability to create value in the short, medium and longer term.
ESG performance metrics
Our ESG performance is continually measured, monitored and assessed against our overarching sustainability ambitions and material KPIs.
KPIs are assigned to relevant departments, with sustainability performance measurement, monitoring and management responsibilities. Results are reported to the Management Committee and the Board and become a reference against which to develop future strategies to achieve our targets and improve performance.
ESG data management
We continue to strengthen internal reporting systems and processes and strive for the ongoing improvement of our ESG data management. With 63 projects across 13 different countries, it is essential that the monitoring of our ESG-related KPIs are not only centralised but also digitised for more efficient analysis and reporting.
To fulfil this, we implemented a digital monitoring, reporting and analysis process and adopted Synergi Life – using state-of-the-art tools and techniques and a big-data platform – to educate and disseminate information and monitor the performance of HSSE and Environmental indicators.
After the successful initial adoption of Synergi Life, we are considering expanding its scope to include the monitoring and reporting of additional ESG-related KPIs.
Our ESG reporting process
ACWA Power’s reporting process ensures that the improvement and communication of our ESG performance is ongoing. Our stakeholder partnerships are central to the journey towards excellence and, as such, we value stakeholder feedback as a critical resource for improving our strategic goals and plans. Our aim is to understand any issues of concern and to respond openly and transparently to questions about our operations.
Regular stakeholder engagement is an essential part of our approach to ESG, since the process underpins our engagement and collaboration with governments, civil society, local communities and others to achieve ‘transformational change’ – creating fundamental change to whole systems – not merely incremental improvements.
As a part of ACWA Power’s Annual Report, this ESG review will provide insights and updates on our most material ESG issues and topics.
Previous years' sustainability reports
Our Sustainability Reporting is longstanding, with our first report published in 2014.
As the sustainability and ESG landscape is an ever-evolving one, our reporting process continuously aims to improve.
ACWA Power Sustainability Report 2020
ACWA Power Sustainability Report 2019
ACWA Power Sustainability Report 2018
ACWA Power Sustainability Report 2017
ACWA Power Sustainability Report 2016
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