Sustainability


Our Progress

Comparison of CO2 emissions

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 showing CO2 minimized by GEG plants by year of generation including cumulative minimization of CO2

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).

Since its inception, we estimate that GEG and its acquired assets have already achieved the avoidance of over 2 million tons of CO2 through the company’s geothermal activities alone.



Our Promise

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

 

Key governmental factors material to the company’s socially-sustainable operations:

Anti-Corruption/Bribery 
Gender Equality
Anti-Discrimination
Asset Reliability and Efficiency 
Financial Viability 
Labour and Working Conditions 
Human Rights 

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.

Learn about how GEG is considering and fully committing to both environmental and social sustainability factors in our geothermal cold storage project, GeoSmart, based in Northern India. 

This project, among many others in our portfolio, will directly benefit local communities living within the project area:



Our Bottom Line

 

GEG conducts activities with the utmost integrity in order to support the goal of minimizing the company’s ESG impacts and advancing the UN Sustainable Development Goals (SDGs).

GEG is committed to sustainable development in all its endeavours, and all GEG operations take ESG (Environment, Social, and Governance) factors into consideration. 

GEG will also consider stakeholders on all levels during both development and operations, and aims to positively impact the nearby communities where operations will take place. The company’s plant design also 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.

Click to download our full Sustainability Policy