7 Jul 2022 07:00
7 July 2022
Great Eastern Energy Corporation Limited
("Great Eastern" or "the Company")
Environmental, Social, and Governance Report
Great Eastern Energy Corporation Limited (LSE: GEEC), the fully integrated, pioneering Indian Coal Bed Methane ("CBM") Company, is delighted to announce the successful completion of its inaugural Environmental, Social, and Governance ("ESG") Report.
Prashant Modi, Managing Director & CEO of Great Eastern, said:
"We are delighted to announce our inaugural ESG Report. At Great Eastern, we have found it imperative to establish a channel for communicating and aligning our stakeholders with our values, and the steps we have been taking to combat issues such as, but not limited to, environmental damage, social injustice, and governance.
With the world changing faster than ever, pollution and carbon footprint are key issues that continue to plague economic development. Economies around the world are aiming at developing sustainably and are looking at energy sources that minimize environmental impact, bolster sustainability for communities, and improve social well-being.
The quest for clean energy sources has led to breakthroughs in the sciences, engineering, and technology. At Great Eastern, we have been playing our role in achieving sustainable, clean, and safe energy through pioneering the development and production of CBM.
Our clean energy development mechanism is expected to bolster value for our stakeholders. By supplying CBM to our customers, we are contributing towards the reduction of greenhouse gas emissions.
We envision that our ESG reporting initiatives would go on to create a platform that shapes our value proposition, our sustainability dialogue, and our collaboration for creating a better future for our stakeholders. We look forward to our ESG journey."
The ESG assurance letter from Ernst & Young is available at www.geecl.com/esg.php
For further information please contact: | |||
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Great Eastern Energy Corporation Limited | www.geecl.com | ||
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Yogendra Kr. Modi | Executive Chairman | +44 (0) 20 3470 0470 | |
Prashant Modi | Managing Director & CEO | ||
Jonathan Keeling | VP - Investor Relations | +44 (0) 7717 559 522 | |
SP Angel Corporate Finance LLP | +44 (0) 20 3470 0470 | ||
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Rob Rees | |||
Richard Hail | |||
Caroline Rowe | |||
About the Company
A fully integrated gas production, development, and exploration Company in India. Gas is being produced from the Raniganj (South) block in West Bengal, which covers 210 sq. km with 9.25 TCF of Original Gas in Place ("OGIP"). The Company's second license is the Mannargudi block in Tamil Nadu, which covers 667 sq. km with 0.98 TCF of OGIP.