Aeml Raises $300 Mn By Issuing Sustainability Bonds
10 years sustainability-linked bonds are issued to global investors by Adani Electricity Mumbai Ltd (AEML) as it has raised $300 million. The company which was bought by the Adani group from Anil Ambani led Reliance energy and serves 12 million consumers in financial capital have successfully showcased their commitment towards net 0 emissions. It has set the most challenging renewable penetration target in the short term for itself. There is a commitment to reduce the greenhouse gas (CHG) emission by 60% from the financial year 2019 levels and stay in line with COP26 targets. The sustainability framework is ensured through external agencies which include the British Standard Institute. This will be India’s one of the very next great steps towards achieving sustainability. India’s alertness and concern for climate change have been portrayed through this endeavor by the AEML Group.