Our ESG Vision at MPCES
The energy transition is a pathway toward transformation of the global energy sector from fossil-based to zero-carbon by the second half of this century, having at its heart is the need to reduce energy-related CO2 emissions to limit climate change. Decarbonization of the energy sector requires urgent action on a global scale, and renewable energy and energy efficiency measures potentially can achieve 90% of the required carbon reductions.
As an owner, developer, and operator of clean energy assets, we are committed and conscientious of environmental, social and governance principles in all phases of the investment process as well as the life cycle of each asset.
Before initiating a new project, we review and categorize alternatives based on the location, sensitivity, and scale and the nature and magnitude of the potential environmental impacts. For all underlying projects, our company will prepare a report on the institutional capacity to meet environmental requirements and conduct an Environmental and Social due diligence.
Our Sustainable Value Strategy
Our company has established a Sustainable Value Strategy (SVS) which sets out our objectives and efforts to positively contribute to environmental, social and governance (ESG) domains. The SVS aims to generate and protect business benefits through an effective handling of sustainability issues and follows an approach that is intended to yield business opportunities as well as respond to changing regulatory and stakeholder requirements. Our company pays attention to ESG issues to achieve:
1. Reduction in greenhouse gas (GHG) emissions and other egregious climate effects
2. Positive contributions to the Sustainable Development Goals (SDG) relating to clean energy, poverty reduction, gender equality and good partnerships as defined by the United Nations
3. Mutually beneficial relationships with stakeholders guided by ethical and sound practices
UN Sustainable Development Goals
MPC Energy Solutions recognises the importance of the Sustainable Development Goals (SDGs) of the United Nations, and their target to end poverty, protect the planet, and ensure prosperity by 2030. Our company generally supports all SDGs and constantly reviews how they can be embraced through our corporate activities.
Our goal is to have a positive impact on the communities in which we operate, identify local needs, and maintain an open and transparent dialogue with our stakeholders.
Furthermore External Communications Plan (ECP) are being prepared each project. One of the principles of the ECP is to provide opportunities for community stakeholders to raise issues, make suggestions, and voice their concerns and expectations regarding the project. Examples includes meetings with the community, mailboxes placed outside the facilities, and email addresses for each project.
We prioritize the following SDGs: