Gujarat State Petronet Ltd

ON ENVIRONMENTAL, SOCIAL & GOVERNANCE (ESG)

Dear Stakeholders,

I hope you and your family is well and in good health.

The past two years have been a time of unprecedented change and disruption, but it has also opened up new possibilities and opportunities, which includes addressing the issues of climate change, preserving natural resources, ghting COVID-19 and reducing carbon emissions.

-roughout our 25-year journey, Gujarat State Petronet Limited (GSPL) has demonstrated remarkable resilience and adaptability in the face of changing circumstances. Over the years, we have gained the expertise and condence to manage complex projects and execute them efficiently, ensuring the highest levels of quality and safety which is testament to our resilience. And we continue to focus on responsible growth, collaborative expansion, and sustainable development, underpinned by a commitment to adaptability and consistency in the face of challenges. Our goal is to build a better future by creating the necessary infrastructure for energy transportation, linking LNG terminals and other natural gas supply sources to serve larger markets, and expanding our pipeline network in Gujarat to reach demand centers in a responsible manner. At GSPL, our dedication to sustainable development goes beyond conventional business operations. We strive to expand knowledge and enhance lives, leveraging our position to create value for all stakeholders.

Building Greener Future:

We are committed to driving positive Environmental, Social & Governance (ESG) outcomes through our initiatives. We understand the challenges the world is facing due to climate change and carbon emissions, and we're consistently expanding our operations to provide cleaner and greener fuel to our clients. We're also implementing measures to minimize carbon emissions in our direct and indirect activities because we realize the relevance of ESG for our sustainable growth.

Energy has always been a key driver of growth and development for societies. Currently, India is one of the largest energy consumers in the world, and we're proud to be playing our part in promoting clean and green energy. To this end, we've made investments by setting up wind power projects. We are aligned with the Government of Gujarat's plan to aid the setting up of Gas Distribution projects across all districts, promoting the use of clean, green, and efficient fuel for small and medium enterprises, as well as for the commercial, household, and automobile sectors.

Looking ahead, we plan to expand our pipeline network outside the state of Gujarat by participating in Natural Gas Pipeline bidding carried out by PNGRB. We believe that by embracing new technologies and working collaboratively with stakeholders, we can help drive positive change and create a brighter, more sustainable future for all.

Putting People and Partnerships First:

As one of India's top natural gas transmission companies, we are committed to looking after our employees and workers with robust policies and diverse training initiatives. Their safety is of utmost importance to us, and we're proud to have a robust Quality of Health, Safety & Environment policy in place to ensure it. As we truly believe that a happy and healthy workforce is essential to our success, we strive to maintain an efficient communication channel between the people and management to address any grievances. To ensure that we conduct our business responsibly, we have taken a proactive approach to integrating ESG norms into our value chain. We strongly believe in responsible business practices, and therefore, we have incorporated our responsible business policy and tender documents to ensure that our value chain partners comply with ESG norms. We have also implemented a robust evaluation process to assess our suppliers' and contractors' compliance with all the requirements. By doing so, we ensure that our entire value chain is aligned with our ESG values and principles, and we strive to maintain this standard in all our business dealings.

Customers are at the center of our focus, and their satisfaction is of utmost importance to us. We ensure that the services we provide are the best in the industry and meet their expectations.

As a responsible corporate citizen, we understand our role in responding proactively to the changing structure and demand of a dynamic society in a developing and progressive economy. Our initiatives are founded on the belief that the benefits should be shared by the communities at large. To that end, we have initiated signicant participatory and non-participatory roles in the areas of Health, Environment, and Safety. Our objective is to support institutions that provide specic health-related services.

As I conclude, I want to express my condence in our ability to navigate through challenges and tap into the available opportunities. Our company has always been known for its resilience, and we remain committed to reducing our environmental impact, promoting social responsibility, and maintaining strong governance practices. We are condent that by prioritizing sustainability and ESG initiatives, we will continue to create long-term value for our shareholders while contributing to a more sustainable and equitable future for all. Together, we will emerge stronger, more resilient, and more sustainable than ever before. The United Nations Sustainable Development Goals (UN SDGs) encourage us to move towards management of resources, operations, and business practices in a manner towards sustainable development. On behalf of GSPL, I would like to express my sincere gratitude to all our stakeholders for their unwavering trust and condence in our business. And with this optimism, we will continue to fulll our role as a responsible corporate citizen by incorporating sustainability and ESG principles into our business practices.