Transcorp Power

Transcorp Power has not set any emissions reduction targets and does not disclose plans to develop any. The company should develop a long-term target that aligns with its 1.5°C pathway and covers its scope 1, 2 and 3 emissions. Additionally, the company should set intermediate targets at gaps of no more than five years to incentivise near-term action on longer-term goals.

There is no evidence that Transcorp Power has a credible low-carbon transition plan. The company should establish a time-bound action plan that outlines how it will transition to a low-carbon economy. This should include medium- and long-term targets, verifiable and quantifiable key performance indicators and financial commitments. Further, the plan should be informed by scenario analysis to ensure its ambition is sufficient to align with a 1.5°C pathway.

There is no evidence that Transcorp Power is taking significant action to develop any business models that would enable the company to decouple financial results from greenhouse gas (GHG) emissions. In order to align with its 1.5°C pathway, the company should invest in renewable energy to decarbonise its generation mix and reduce its emissions intensity.

Transcorp Power has not set any emissions reduction targets. The company has not developed a vision of what its business will look like in a low-carbon future.

The company does not have a transition plan and shows no intention of developing one.

Transcorp Power does not show any intention of developing a portfolio of renewable energy generation assets. Currently, 100% of the company’s energy generation is sourced from gas. The company does not report any emissions data.

Transcorp Power’s focus is on increasing the available capacity of its gas-fired Ughelli Power Plant. The company’s emissions intensity has remained static from 2017 to 2022 and the company has not taken any steps to diversify its energy generation mix.

The company’s lack of emissions targets and decarbonisation strategy suggests that it is not committed to a low-carbon transition. The company is projected to exceed its 1.5°C carbon budget between 2022 and 2037.

No evidence was found to show the company’s commitment to social dialogue or disclose the categories of stakeholders the company engages with on a just transition. Furthermore, no evidence was found to demonstrate the company’s ongoing social dialogue and meaningful engagement with affected stakeholders. No evidence was found of the company undertaking low-carbon transition planning to mitigate the social impacts of the transition on workers, affected stakeholders and its business relationships. Additionally, no evidence was found to demonstrate the company’s engagement in social dialogue and with stakeholders in its just transition planning.

No public commitment by the company was found stating its intention to create and support access to green and decent jobs as part of the low-carbon transition. Moreover, no evidence was found of the company’s action to promote these jobs in a way that ensures gender balance and inclusion of vulnerable groups. Additionally, no relevant disclosure was found of the company’s assessment of employment dislocation risks. No public commitment by the company was found stating its intention to re-skill and up-skill workers displaced by the transition to a low-carbon economy. Additionally, no evidence was found that the company re-skills and up-skills workers in a way that ensures gender balance and inclusion of vulnerable groups.

No relevant disclosure was found to show if the company identifies impacts of the low-carbon transition on social protection for workers and affected stakeholders, nor how it contributes to social protection. Additionally, no evidence was found that the company expects its business relationships to contribute to the social protection of their workers and affected stakeholders. No relevant disclosure was found to show how the company identifies any misalignment of its lobbying activities with policies and regulations that support the just transition, nor of the measures it takes to address misalignment. Furthermore, no evidence was found that the company lobbies for policies and regulations for green and decent job creation; retention, education and reskilling; and social protection for workers.

No policies or commitments of the company related to respect for human rights were found in the public domain. This includes the necessary policies and systems by which the company can ensure respect for basic human rights in its operations and supply chain.

The company commits to respecting the health and safety of its workers. However, no other evidence of the company’s policies or commitments related to key decent work issues were found in the public domain. These issues include the provision of secure, safe and healthy workplaces, where workers are fairly renumerated and have a meaningful say in decision-making.  

The company discloses an email address and phone number accessible to all stakeholders for reporting grievances, including bribery and corruption concerns without fear of reprisals. However, no other policies or commitments of the company related to key ethical business topics – personal data protection, tax, bribery and corruption, and lobbying and political engagement – were found in the public domain. This includes ensuring ethical business conduct throughout its operations and in its relationships with business partners.