from the 0.23 million GJ recorded in FY 2021-22, highlighting Adani’s dedication to incorporate clean energy sources. Nature-based solutions: The Adani Portfolio recognises the significance of nature-based solutions in decarbonisation. By investing in initiatives that enhance carbon sequestration through reforestation, afforestation and ecosystem restoration, the Group mitigates climate change while fostering biodiversity conservation and environmental resilience. The Group increased green cover across businesses, enhancing carbon sequestration and environmental sustainability. At the Adani Portfolio of companies, 37.06 million trees were planted till December 2022. Development of deep decarbonisation technologies: Green hydrogen is integral to meaningful decarbonisation. By harnessing the power of green hydrogen, the Group aims to replace conventional fossil fuel- based energy sources with a clean and sustainable alternative. The Group’s objective is to establish a comprehensive integrated platform that enables the production of cost-effective green hydrogen while offering a complete end-to-end energy supply chain solution. In the long term, the Group is committed to being at the forefront of carbon capture technology. Circular economy: By embracing the principles of circular economy, the Group optimises energy use, minimises waste generation, maximises resource efficiency, promotes reuse and materials recycling. This approach prolongs the lifespan of materials, reducing new resource extraction and mitigating carbon emissions. Certified green buildings: The Adani Portfolio is rapidly embracing green building practices. Notably, its Chennai data center, solar manufacturing facility at Mundra, and Mumbai’s Terminal 2 have achieved Platinum-rated green building certifications. Furthermore, the Group plans to extend this commitment by implementing green building standards across all its airport sites. Science-based target initiatives (SBTi): Science-based targets provide a defined pathway to reduce greenhouse gas emissions. Targets are considered ‘science- based’ if they are in line with what the latest climate science deems necessary to meet the goals of the Paris Agreement – limiting global warming to well-below 2°C above pre-industrial levels and pursuing efforts to limit warming to 1.5°C. The following Adani businesses committed to reduce emissions in line with the science-based target requirements: Net Zero commitment The Adani Portfolio is aligned with India’s climate change commitments, intending to achieve Net Zero emissions across all its businesses in line with India’s nationally determined contribution commitment (Net Zero emissions by 2070). The Adani Total Gas business aims to achieve Net Zero for its operational emissions by 2045, with an intermediate target of reducing emission intensity by 30% before 2030, compared to the levels of 2021-22, in alignment with the nation’s NDC targets. The Airports and Data Center businesses have targeted to become Operational Net Zero by 2030. Adani Portfolio Net Zero year APSEZ Limited 2040 Adani Green Energy Limited 2050 Adani Transmission Limited 2050 Ambuja Cement Limited 2050 ACC Limited 2050 Internal carbon pricing Internal carbon pricing helps our organisation reduce GHG emissions, navigate and mitigate the potential financial impacts of existing and anticipated GHG regulations, drive low carbon investments and energy efficiency within the organisation. At Adani, prior to project implementation, we conduct a thorough evaluation of greenhouse gas (GHG) projects from a financial perspective. If the projected GHG emissions are high, we prioritise the assessment of better technologies that can help reduce emissions. This approach ensures that our projects not only meets financial objectives but also contributes to environmental sustainability by actively seeking and adopting cleaner and more efficient solutions. We also leverage ICP as a strategic tool to align with stakeholder expectations and catalyse behavioural changes within our operations. The Adani Ports business has implemented an internal carbon pricing mechanism, applying a price of USD 20 per metric ton of CO 2 equivalent (tCO 2 e) on all Scope 1 and Scope 2 emissions from its operations. The Company set aside an equivalent cumulative amount for investment in renewable projects and energy efficiency measures. As a result, in the fiscal year 2022- 23, APSEZ generated a fund of USD 7.6 million through this carbon pricing measure. We also leverage ICP as a strategic tool to align with stakeholder expectations and catalyse behavioural changes within our operations. In the fiscal year 2022- 23, APSEZ generated a fund of USD 7.6 million through the carbon pricing measure. ESG Report 2022-23 105 104 Adani Group