Tuesday June 18, 2024

KE unveils sustainability report

Report says K-E reduced greenhouse gas emissions by 23% compared to previous year, thanks to integration of highly efficient energy generation

By Our Correspondent
November 15, 2023
The image shows a billboard of the logo of the K-Electric. — APP File
The image shows a billboard of the logo of the K-Electric. — APP File

KARACHI: K-Electric on Tuesday released its Sustainability Report 2023, highlighting its efforts to balance the energy sector’s trilemma of sustainability, affordability and security.

The report, which covers the fiscal year from July 2022 to June 2023, showcases the company’s progress and challenges in achieving 11 of the 17 UN Sustainable Development Goals (SDGs), ranging from clean energy and climate action to gender equality and responsible consumption.

“The responsibility we have towards our customers, shareholders, the environment, and the communities we serve drives our actions. This report highlights our progress, challenges, and our ambitious vision for a sustainable future,” said Moonis Alvi, Chief Executive Officer of K-Electric, in a statement.

“The energy sector faces its own trilemma - Sustainability, particularly Climate Change, Affordability, and Energy Security - to achieve sustainable goals and striking the right balance between these elements is imperative for the effective functioning of the energy ecosystem."

According to the report, K-Electric reduced its greenhouse gas emissions by 23 percent compared to the previous fiscal year, thanks to the integration of highly efficient energy generation. The company also invested around Rs150 million in rehabilitation works to create sustainable cities and communities.

The report also details the company’s initiatives to promote environmental awareness, such as Hara Qadam, which aims to save trees, water and waste, and paperless billing, which has reached over 1.5 million customers. In addition, the company reached 57,000 children through its School Safety Campaign and 200,000 households through its Roshni Baji program, which educates women on electrical safety.

K-Electric also celebrated closing the pay gap for 90 percent of its female workforce and pledged to achieve 100 percent by the next fiscal year.