BF Utilities publishes first BRSR report, pledges to create dedicated ESG strategy
- Muhammad Ahmad
- Dec 2, 2024
- 2 min read
The company releases a comprehensive BRSR and vows to integrate sustainability into its operations
BF Utilities makes 100% of its revenue from wind energy and is now committing to a dedicated ESG strategy
Inaugural Sustainability Report: BF Utilities released its first-ever Business Responsibility and Sustainability Report (BRSR) for FY 2023-24.
Dedicated ESG Strategy: The company is preparing to launch a robust Environmental, Social, and Governance (ESG) framework.
Renewable Focus: 100% of the company’s business is driven by wind energy production.
BF Utilities Limited, headquartered in Pune, Maharashtra, has marked a significant milestone in its sustainability journey by publishing its first Business Responsibility and Sustainability Report (BRSR). The report aligns with SEBI’s Regulation 34(2)(f), which mandates sustainability disclosures for listed companies. It reflects the company’s strategic focus on aligning its operations with ethical and sustainable business practices.
This development is crucial as it positions BF Utilities as a forerunner in integrating sustainability into corporate governance. The company, which derives 100% of its revenue from wind power generation, has pledged to create a dedicated ESG strategy to achieve long-term sustainability and stakeholder value.
Technical Focus
India’s renewable energy sector is among the fastest-growing globally. As of 2024, the country boasts 43 GW of installed wind energy capacity, making it the world’s fourth-largest producer. BF Utilities’ exclusive focus on wind power aligns it with India’s broader climate objectives and renewable energy targets. However, as the company currently serves a single customer in Maharashtra, it has significant potential for diversification and growth.
Amit Kalyani, Director of BF Utilities, emphasized the importance of this initiative. “We are proud to release our first BRSR. This marks the beginning of our journey toward embedding sustainability at the core of our business. Our commitment to ESG will ensure that we create long-term value for stakeholders while maintaining our leadership in renewable energy.”
The report also identifies key issues such as digitalization, cybersecurity, and customer base expansion, reflecting its commitment to evolving as a responsible business.
By publishing its BRSR, BF Utilities has taken its first steps toward becoming a sustainability leader. Developing a comprehensive ESG strategy signifies its readiness to navigate the challenges and opportunities of a rapidly transforming renewable energy sector.