CBM producer GEECL launches maiden ESG report

London-listed coalbed methane producer Great Eastern Energy Corporation (GEECL) has completed its inaugural environmental, social, and governance (ESG) report, the India-focused company said on July 7.

"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,” Prashant Modi, CEO of GEECL, said.

Modi said that GEECL’s clean energy development mechanism is expected to bolster value for stakeholders. By supplying CBM to our customers, we are contributing towards the reduction of greenhouse gas emissions, he added. 

“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,” Modi said.

GEECL last month said it is preparing to launch a new shale exploration programme at its producing Raniganj (South) concession in east India, after executing an amendment to its petroleum mining lease.