Our continuous effort to achieve sustainable growth has marked economic viability, environmental protection and social equity as three key pillars of our sustainable approach. PAP green, cleaner energy generation has made a positive contribution towards achieving the nation's sustainable development. We have incorporated these values of sustainability for our operational processes over a decade and will continue to enhance our strategies in the coming years.
Our Environment and Social Management System (ESMS) performs a fundamental role in our sustainability framework where we focus on adhering to mandatory regulations and conditions of our stakeholders employing a comprehensive Environment and Social Management System. As an IFC invested company, we also adhere to IFC (International Finance Corporation; A member of World Bank Group) Performance Standards on environmental compliance to establish the ESMS.
Our ESMS includes Environmental Policy and Objectives of the company, acceptable procedures across construction and operation stages of projects including land purchase/lease, process of impact assessment and clearance for new projects, environment and social due diligence of a new acquisition, instructions & conditions on executing projects in foreign countries, indicators and frequency for environment monitoring programs, roles/responsibilities of the management team, stakeholder engagement process across the project life cycle and the budget provisioning for covering the above aspects.
An auditing process is applied to monitor the status of ESMS. As we operate our executions according to our sustainable framework, we include guidelines that need to be followed in the subcontractor’s agreement. In addition, we adopt a responsible and transparent approach when dealing with environmental management plans. We implement these strategies under our environmental and social management system initiative as we understand the value of establishing an environment which is favorable for all living beings.
PAP’s environmental impact minimised through our Environmental and Social Management System which has been developed in line with IFC Performance Standards.
We, PANASIAN POWER PLC, are committed to protect the environment at all time by becoming the global leader in diversified renewable energy solutions while fulfilling the below requirements
Minimize the negative environmental and social impacts associated with power generation while practicing pollution prevention.
Utilize natural resources in a sustainable way to generate renewable energy while promoting maximum resource efficiency.
Promote continual improvement of compliance of the system with all applicable environmental laws and regulations while committing to biodiversity protection and conservation.
Panasian Power PLC conducts Corporate Social Responsibility projects with the mission of serving humanity and empowering communities through goodwill. We have invested in many community welfare activities and donations for community events throughout our journey. We recently implemented an impact-driven CSR framework that aligns with United Nations' Sustainable Development Goals.