Saatvik Green Energy Limited has released its Sustainability Report for the financial year 2024-25, detailing its commitment to environmental, social, and governance (ESG) practices. The report, themed 'Powering Progress: Growing Together for a Greener Future,' aligns with global frameworks like GRI Standards and India's BRSR framework, and UN Sustainable Development Goals (SDGs). The report covers the company's operations including Saatvik Green Energy Limited and Saatvik Solar Industries Private Limited. Key highlights for FY 2024-25 include 2,698 GJ of energy consumed from renewable sources, 1,128,254.75 tCO2e of avoided CO2 emissions, and CSR spend of ₹8,574,570. All manufacturing facilities are certified with ISO 9001, ISO 14001, and ISO 45001, and the company reported zero Loss Time Injuries (LTI). Saatvik is expanding its manufacturing infrastructure with plans for an integrated solar cell and module production facility in Odisha, including a 4.8 GW solar cell manufacturing unit targeted for completion by FY 2026-27 and a 4 GW Solar PV module manufacturing plant by FY 2026. The company also successfully launched its Initial Public Offering (IPO) in September 2025, which it states will accelerate expansion plans. The report emphasizes the company's commitment to environmental stewardship, including GHG emissions management (Scope 1 and Scope 2), energy efficiency initiatives, water conservation with a goal of Zero Liquid Discharge (ZLD) by FY 2028, and waste management following the 4Rs principle (Reduce, Reuse, Recycle, Recover). Social responsibility includes employee well-being and CSR contributions. Governance includes a robust framework with various committees and an ESG Policy. Saatvik aims to reduce total energy intensity per Wp of production by 10% by FY 2027 and plans to conduct an inventory of its Scope 3 Emissions by FY 2028. The company also aims to capture a 7-10% share of the Indian solar-module market by the end of 2026.
