Sustainability imperative for business strategy: KE CEO

KARACHI: “Achieving sustainable goals in the energy ecosystem requires a conscious effort towards balancing climate action, focusing on affordability, accessibility, and addressing energy security.

Our commitment to customers, shareholders, the environment, and communities fuels our drive for an ambitious future,” said Syed Moonis Alvi, CEO of K-Electric, while sharing his thoughts during a panel discussion titled, ‘Sustainability, Climate Change & Decarbonisation.”

The discussion was part of the 7th edition of the Future Summit (TFS). “Sustainability, innovation, and customer centricity along the value chain go hand in hand and are imperative for the progress of the entire sector,” he said.

“Pakistan’s share in global emissions is almost none. As part of our vision, we plan to beef up by 2030 the share of renewables in KE’s generation mix by 30 percent. However, adding base load on indigenous sources is equally important for reliability and affordability of the power,” said Moonis Alvi.

Sharing the sustainability at the core of business planning, CEO K-Electric also shared initiatives of KE in FY2023. He said, “KE has reduced its GHG emission by 23% in comparison to FY22 due to the integration of highly efficient energy generation.

Through the Naya Bill Hara Qadam initiative, KE was able to save at least 4000 trees and 200 million litres of water. With more than 1.3 million digitally connected customers of the company, almost 60 percent of KE’s bill payments are now processed electronically. Similarly, strong focus on D&I initiatives has offered opportunities to aspiring individuals, KE has enabled a safety-first culture.

“In hazard-prone areas through the Global Award-winning Roshni Baji programme KE has trained safety ambassadors who have reached out to over 660,000 households in only 3 years, thus bringing the incidents down through added electrical safety awareness,” he said.

Copyright Business Recorder, 2023