GEG is committed to sustainable development in all its endeavors, and all GEG operations take ESG (Environment, Social, and Governance) factors into consideration
GEG will also consider all levels of stakeholders during development and operations, and aims to positively impact the communities in which operations are taking place
The company’s plant design guarantees the lowest footprint per MW of installed power generation capacity not only in geothermal, but also for other types of renewable energy power generation technologies.
The company’s Board of Directors is responsible for GEG’s sustainability policy and the Executive Director is responsible for its implementation.
CO2 calculations are our own estimations, with GEG and its acquired assets’ emissions based on installed capacity and availability.
Emissions from conventional (traditional fossil fuel) systems obtained from Tecla, UNUGTP Report 2010.
Graph representing GEG and its acquired asset’s yearly CO2 minimization in millions of tons, along with the cumulative CO2 minimized each year (based on our own estimations).
Key environmental factors considered by GEG in all company operations:
Reduction and Avoidance of GHG Emissions
Land-use, Biodiversity, and Invasive Species
Preserving and Improving Air and Water Quality
Responsible and Efficient Geothermal Resource Management
Key social sustainability factors material to the company’s operations:
Occupational & Public Health and Safety
Project-Affected Communities and Livelihoods
Cultural Heritage and Indigenous People
Induced Seismicity and Subsidence
GEG is committed to governance oversight, as well, with a majority independence of board members and the optimizing of compliance personnel, stakeholder communication, and business ethics.
Key governmental factors material to the company’s socially-sustainable operations:
Asset Reliability and Efficiency
Labour and Working Conditions