CTGI has a ESG management and governance system in place encompassing all areas at the company, ensuring supervision by the Board of Directors, either directly or through the ESG and Related-party Transaction Committee.
CTGI modified its ESG management and governance system, introducing a three-level hierarchy, namely the Governance Level, Management Level and Implementation Level, with each level performing its own obligations and duties to ensure effective operation of the Company's ESG system.
CTGI formulated its 2022-2024 ESG Action Plan, that embodied the Company's sustainability strategy, taking into account the results of the materiality analysis, in synergy with the Company's 2022-2024 Business Plan, and translated into specific short-, medium- and long-term goals in order to ensure the transparency and verifiability of our journey towards sustainable progress.
At the heart of CTGI's 2022-2024 ESG Action Plan is our ambition approaching zero emissions, thanks to the Company's sustainable business model based on the development of generation from 100% renewable sources and facilitated by the sound governance structure, by the end of 2023, CTGI has surged clean energy installed capacity of 19.06GW in 18 countries and regions. We have been investing in the modernization of our hydro plants and in the diversification of our portfolio of assets, especially in renewable solar and wind power to increase our efficiency and production capacity.
In all our activities, we always take into account the needs of our stakeholders. In this context, innovation digitalization, circular economy and sustainable finance act across all sectors and accelerate growth. A pathway of sustainable growth that is taken in respect of nature and of human rights.
Every year, these objectives are updated in accordance with a process of continuous alignment with the business strategies, with the results achieved and best practices in order to increasingly integrate sustainability along the entire value chain.
Governance Level
Leading and being responseible for ESG management and governance, reviewing ESG management framework, ESG strategies, policies and targets, ensuring the building of effective ESG risk management and internal control systems, supervising their implementation of ESG targets, and monitoring Key Performance Indicators(KPIs) set by Company on ESG priorities and ESG performance.
Management Level
Developing ESG targets and working plans, improving communication with stakeholders, identifying ESG-related risks and opportunities, and reporting and making recommendations to the ESG and Related-party Transaction Committee.
Implementation Level
Coordinating the implementation of working plans and advancing specific tasks under the guidance of the Governance Level and Management Level, in the aspects of global clean energy M&A and greenfield in investment, power plants operation and maintenance, R&D, IT systems, legal and compliance, capital markets and finance, quality and satety, supply chain, human resource, stakeholder management, etc.
