Sustainability

We are an entrepreneurial value-driven team bringing energy to the world in a sustainable way.

IPC’s vision is to deliver energy to meet the needs of society. We aim to do this by responsibly developing our assets in a manner that minimizes adverse impacts to the environment, while supporting the economic and social well-being of our stakeholders and the communities in which we work.

We are participant to the UN Global Compact and commit to upholding the 10 Principles of the UN Global Compact on human rights, labour, environment and anti-corruption. Our Sustainability approach is aligned with the Sustainable Development Goals (SDG).

We report on ESG approach and performance in our annual Sustainability Report. Our disclosure is aligned with the Global Reporting Initiatives (GRI) and the Task Force on Climate-related Financial Disclosures (TCFD).

Our Sustainability Priorities
Sustainability Report 2021

Responsible operatorship and ensuring that we adhere to the highest principles of business conduct have been an integral part of how we do business since the creation of IPC in 2017. An important part of our sustainability journey involves the measurement and transparent reporting of a broad range of ESG metrics.

The Sustainability Report 2021 details the Corporation’s ESG performance. The report advances the Corporation’s non-financial sustainability disclosures and provides stakeholders with relevant operational and sustainability context in which IPC operates, as well as the Corporation’s management approach and performance with respect to these areas.

Highlights of IPC’s sustainability performance for 2021 include:


Environment

  • On track with our commitment to reducing net GHG emissions intensity by 50% by the end of 2025
  • 29,532 tonnes of CO2e credits generated through emission reduction initiatives
  • More than doubled carbon offsets compared to 2020 with 215,000 tonnes of CO2e


Social

  • Strong health & safety performance with zero severe incidents and a lost time incident rate of 0.6 in 2021, and proactive COVID-19 management
  • Workforce drawn 99% from local hiring and composed of 31% women
  • Meaningful support and engagement with local communities such as working with First Nations businesses and contributing to
    community mental health programs


Governance

  • Established Values and Vision following company-wide materiality assessment
  • Development of a new approach to sustainability
  • Alignment with the recommendations of the TCFD on climate-related risks and opportunities

Sustainability Report 2021

Related documents

Icon

Sustainability Report 2021
02.08.2022, 6 MB

Icon

Sustainability Report 2020
03.08.2021, 6.28 MB

Icon

Sustainability Report 2019
03.11.2020, 11.1 MB

Icon

Sustainability Policy
04.04.2022, 120 KB

Environment

As a responsible energy producer, IPC believes that we can best deliver long-term shareholder value by operating in an economically, environmentally and socially sustainable manner.

IPC operates in an environmentally responsible manner everywhere we operate. We integrate environmental considerations in all phases of our project planning and seek to minimise risks to the natural environment. This includes measures such as environmental assessments, continuous monitoring, rehabilitation, and the implementation of new or improved technologies for the management of resources and facilities. We aim to make the most efficient use of natural resources recognising the valuable ecosystem services they provide.

We account for and report on our emissions to air, effluents and waste. We seek to limit greenhouse gas (GHG) emissions and optimise natural resource use where operationally possible. We are committed to applying the Best Available Technique (BAT) principle and operate our facilities with enhanced operational efficiency.

IPC strives to responsibly and proactively manage our environmental footprint to ensure that our business continues to improve on environmental practices while mitigating risk and minimizing negative impacts.

Our Environmental Commitments
  • We avoid, minimize, restore or offset impacts resulting from our activities
  • We enhance energy efficiency and reduce emissions intensity
  • We use natural resources efficiently
  • We strive to conserve ecosystems and living organisms
  • We involve stakeholders in environmental planning

A key objective of IPC’s climate action is to mitigate the carbon footprint of our business by reducing emissions. We approach this through a combination of initiatives designed to identify and implement operational emissions reductions, as well as investing in carbon offsetting projects.

IPC voluntarily pledged to reduce its scope 1 net emissions intensity by 50% by 2025. The company’s climate disclosure is align with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

Carbon offsetting contributes to a lower emission future and the Sustainable Development Goals. The carbon credits on the voluntary market are regulated by international standards and certified through recognized certification agencies such as the Verra Standard and the Gold Standard. In addition to reducing or avoiding emissions, the certified projects also contribute to additional economic, social and healthcare improvements to the communities that need it most.

Discover our projects in partnership with First Climate

Uganda cook stove project

Improved cook stoves reduce deforestation and contribute to better health.

The improved charcoal cook stoves achieve fuel savings of 35% to 50% compared to conventional metal stoves. Users also enjoy a much healthier cooking environment since the cleaner burning stoves cause significantly less smoke and fewer carbon monoxide emissions.

To date, the project has promoted the commercialization of more than 520,000 improved cook stoves in the Ugandan capital Kampala.

Malawi borehole project

The borehole project provides access to safe drinking water and a better environment.

In addition to direct health benefits, families no longer have to boil the water, saving firewood and thereby preventing carbon emissions from being released.

To prevent malfunctions in the future, locals are being educated in the set-up, maintenance and in operating the boreholes.

Kamuthi solar project

The project consists of two solar parks with a total capacity of 100 MW.

It delivers 166,440 MWh of renewable electricity to India‘s national grid and meets the electricity needs of over 200,000 people per year.

The project contributes to the reduction of GHG emissions by replacing electricity from fossil-fuelled power plants.

Kinnaur hydropower project

Generating clean electricity in India.

The hydropower project consists of a 300 MW run-of-the-river hydropower plant with a 116 GW potential for hydropower, generating on average 1,304 GWh of clean electricity per year.

Based on average per capita power consumption in India, the project alone sustainably meets the electricity demand of over 1,630,000 people per year.

Sustainable Development Goals

While focusing on reducing greenhouse gas emissions, all our projects also generate multiple co-benefits. These are supportive of the United Nations Sustainable Development Goals.

Related documents

Icon

Environmental Policy
19.12.2019, 46.51 KB

Social

People drive our performance and are key to our success. Positive relationships are fundamental to maintaining our social licence to operate and enable IPC to have a positive impact on people by providing opportunities and increased quality of life.

We aim to foster a culture of respect, diversity and inclusion, recognizing that employees are essential to our success.

We strive to attract, retain and motivate talented and enthusiastic people who are dedicated to creating a respectful environment.

By drawing our workforce from within the regional communities of our host countries, IPC supports local employment and increased activity in the areas near our sites, driving operational synergies with sustainable economic benefit for those communities.

IPC is committed to safeguarding the health of employees, contractors and of people living near our areas of operations. In all our activities, the goal is of zero harm to people.

We consider health and safety of people at all stages of our activities, and we promote a strong safety culture across the company. The value of safety is embedded at all levels, guided by prevention and vigilance, and were risks are systematically assessed and mitigated.

Emergency preparedness and crisis management plans are in place to ensure appropriate and quick responses in the unfortunate event of an unplanned incident. Regular drills help us to ensure these crisis plans are effective.

Our Safety Commitments
  • People’s health and safety always come first
  • Everyone is responsible for their own safety and that of others
  • Everyone has the right and responsibility to refuse work that is deemed unsafe
  • From the Board to operator, safety is owned at all levels of the company
  • All injuries and high potential incidents are reported and investigated
  • Safety requires constant focus, communication and continual improvement
  • Excellence in safety is at the core of our success

We care, respect and build trust with local stakeholders. Going beyond compliance, through active engagement, we aim to find synergies between local community needs and social impact investments, clearly defined in our investment strategy.

IPC is committed to respecting internationally recognised human rights in the conduct of its activities, based on the UN Global Compact principles and the UN Guiding Principles on Business and Human Rights.

We respect employees’ and contractors’ rights and promote sound labour practices. Providing a safe and healthy work environment, treating employees with fairness and non-discrimination as well as valuing diversity are key to this approach.

We respect local communities’ rights, seek constructive dialogue and aim to contribute to prosperity by hiring locally and through community projects.

Related documents

Icon

Health & Safety Policy
19.12.2019, 45.88 KB

Icon

Security Policy
19.12.2019, 46.11 KB

Icon

Diversity Policy
30.03.2021, 111.71 KB

Icon

Human Rights Policy
19.12.2019, 44.81 KB

Icon

Stakeholder Relations Policy
19.12.2019, 44.97 KB

Governance

Strong governance starts at the top of our organisation. Our Code of Ethics and Business Conduct is the foundation of our corporate values. We place responsibility on each and every employee to comply with and uphold these standards.

We act consistently and transparently, in accordance with our established values, corporate culture, and the law. To embody IPC’s core values of Excellence, Respect and Resilience, we embrace sound governance and committed leadership. IPC builds relationships based on mutual respect, as we strive to earn trust, and remain committed to the highest standards of ethics.

IPC’s Code of Ethics and Business Conduct (the “Code”) sets out the basic rules, standards and behaviours that all IPC employees, contractors and members of our Board of Directors must follow. It addresses a wide range of topics that centre on ethical decision-making, including conflicts of interest, harassment, bribery and corruption, insider trading, competition and accounting, and business controls.

IPC complies with laws and regulations, and prohibits corrupt practices, whatever form these may take. Through IPC’s whistleblowing hotline we provide a channel for reporting potential unethical business conducts.

Our Code of Conduct Commitments
  • Act in a fair, honest and equitable way
  • Observe local laws and regulations
  • Respect local customs and traditions
  • Observe applicable international laws and standards
  • Accurately reflect all transactions in books and records
  • Comply with the highest standard of integrity throughout the organization
  • Be honest and forthcoming with the Company’s internal and independent auditors
  • Avoid actual or apparent conflict between a director’s or an employee’s own personal interests and the interests of the Company
  • Protect the assets of the Company and use them efficiently to advance the interests of IPC

Related documents

Icon

Anti-Corruption Policy
19.12.2019, 152.41 KB

Icon

Anti-Fraud Policy
19.12.2019, 155.18 KB

Icon

Anti-Money Laundering Policy
19.12.2019, 154.14 KB