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We lead the way in adoption of best-in-class Environmental & Social standards

Sustainable value creation through ESG: Building a low carbon future
INR 209Bn+
Green loans processed
25Mn+ tCO2e
GHG emissions avoided due to NIIF investments in FY2024
300K+
NIIF enabled electric vehicles on road
Sustainable value creation through ESG: Building resilient infrastructure
340K+
Individuals provided with affordable housing
456K+
Flights managed
600K+
Patients served through active portfolio companies
Sustainable value creation through ESG: Empowering people
55Mn+
Safe person-hours worked without any LTI
330K+
Total workforce (direct & indirect)
18K+
Local suppliers engaged for sourcing of materials
Sustainable value creation through ESG: Fostering innovation
25+
Patented technologies developed
4.7Mn+
Households digitalised with smart energy and water meters, and smart home technology
25+
Indigenous digital innovation products/ services developed since inception
Sustainable value creation through ESG: Building India’s manufacturing base
180+
Countries reached through exports by NIIF-backed companies
25+
Operational manufacturing facilities across India
85%+
Indian districts benefitted from NIIF's direct & indirect manufacturing portfolio companies
Sustainable value creation through ESG: Investing in circularity solutions
187M L/Day
Total wastewater treatment capacity
1.3Mn+ Tonnes
Solid waste processed
60%+
Investment platforms and funds incorporate green energy into their energy consumption profile.
Sustainable value creation through ESG: Integrating ESG into Investment decisions
Sustainable value creation through ESG: Building a low carbon future
25Mn+ tCO2e
GHG emissions avoided due to NIIF investments in FY2024
INR 209Bn+
Green loans processed
300K+
NIIF enabled electric vehicles on road
Sustainable value creation through ESG: Building resilient infrastructure
456K+
Flights managed
340K+
Individuals provided with affordable housing
600K+
Patients served through active portfolio companies
Sustainable value creation through ESG: Empowering people
330K+
Total workforce (direct & indirect)
55Mn+
Safe person-hours worked without any LTI
18K+
Local suppliers engaged for sourcing of materials
Sustainable value creation through ESG: Fostering innovation
4.7Mn+
Households digitalised with smart energy and water meters, and smart home technology
25+
Patented technologies developed
25+
Indigenous digital innovation products/ services developed since inception
Sustainable value creation through ESG: Building India’s manufacturing base
25+
Operational manufacturing facilities across India
180+
Countries reached through exports by NIIF-backed companies
85%+
Indian districts benefitted from NIIF's direct & indirect manufacturing portfolio companies
Sustainable value creation through ESG: Investing in circularity solutions
1.3Mn+ Tonnes
Solid waste processed
187M L/Day
Total wastewater treatment capacity
60%+
Investment platforms and funds incorporate green energy into their energy consumption profile.
Sustainable value creation through ESG: Integrating ESG into Investment decisions

Every business decision we make is in line with our purpose to benefit our stakeholders by assessing inherent risks and opportunities. We lead the way in adoption of best-in-class environmental, social and governance (ESG) standards that create a multiplier effect through our funds & portfolio companies. This is a key step towards consciously building a responsible investing business ecosystem.

We believe ESG integration is crucial to long term returns. Our ESG systems follow precautionary measures with the aim to mitigate risks & minimise impact on the communities in & around the areas of our investments.

Ensuring our funds and platform companies adopt and follow best-in-class E&S standards

  • Supporting E&S capacity building and integration of E&S procedures across the organisations
  • Automating of sustainability and climate change data to develop deeper insights on risk adjusted returns
  • Mapping the impact through contributions to United Nations Sustainable Development Goals (UN SDGs) tasks

Promoting usage of sustainable sources of energy

  • Creating awareness to adopt alternate sources of energy at our investment sites
  • Ensuring that all forms of process or packaging waste and end of life product waste is collected and recycled to its maximum capacity

Being a catalyst in building an ecosystem of platforms and partners

  • Effectively communicating the importance of ESG, its requirements, risks and opportunities
  • Driving meaningful conversations on best-in-class ESG principles across our portfolio companies and funds

ESG ACROSS OUR FUNDS & PLATFORMS

Adoption of E&S Culture
Tackling Climate Change
Thought Leadership

ESG ACROSS OUR FUNDS & PLATFORMS

Ensuring our funds and platform companies adopt and follow best-in-class E&S standards

  • Creating awareness to adopt alternate sources of energy at our investment sites
  • Ensuring that all forms of process or packaging waste and end of life product waste is collected and recycled to its maximum capacity

Promoting usage of sustainable sources of energy

  • Creating awareness to adopt alternate sources of energy at our investment sites
  • Ensuring that all forms of process or packaging waste and end of life product waste is collected and recycled to its maximum capacity

Being a catalyst in building an ecosystem of platforms and partners

  • Effectively communicating the importance of ESG, its requirements, risks and opportunities
  • Driving meaningful conversations on best-in-class ESG principles across our portfolio companies and funds
  • Ashok Emani
    Ashok Emani
    Director - ESG
  • Manmeet Singh Rathore
    Manmeet Singh Rathore
    Vice President – ESG
  • Rakhee Sunar
    Rakhee Sunar
    Vice President - ESG
  • K Raghavendra Babu Padala
    K Raghavendra Babu Padala
    Associate Vice President - ESG
  • Pranay Krishnan
    Pranay Krishnan
    Associate Vice President - ESG
Ashok Emani
Ashok Emani
Director - ESG
Ashok has over 24 years of extensive experience of applying ESG and sustainability aspects spanning across financial services sector, consulting and research. Ashok leads the NIIF’s approach to investing responsibly for impact while working closely with investors, investment colleagues and company management to assess and manage ESG risks and opportunities and helping build “NIIF-way of business”. Before joining NIIF in 2018, he was the Director & Head ESG at Global Infrastructure Partners (GIP). Prior to this, Ashok led IDFC Alternatives ESG practice, working with multiple stakeholders including investors, investee companies, sustainability forums and communities. During his ~17 years stint with the IDFC and its subsidiaries, apart from other key initiatives he was responsible for managing a USD 3.8 billion alternatives portfolio in project equity, private and real estate asset class and has gained practical hands-on experience in implementing the IFC Performance Standards / ESG requirements. He started his career with ERM India in 1997 with the Natural Resource Management & Social Development group. Ashok is member of the ESG working group at Global Infrastructure Investors Association (GIIA). Ashok is a recipient of the prestigious Chevening Scholarship from the Foreign and Commonwealth Office (FCO) of UK Government for pursuing environmental management and sustainable development program at University of Wales, Bangor. He holds M.Phil. degree in Applied Economics from Centre for Development Studies Jawaharlal Nehru University, a rank holder with distinction in MSc Environmental Sciences from Andhra University and a BSc Biological Sciences from University of Delhi.
Manmeet Singh Rathore
Manmeet Singh Rathore
Vice President – ESG
Manmeet is working with NIIF as Vice President - ESG and joined NIIF in April 2023. He is an ESG Professional with 16 years of diversified experience in fund and ESG consulting, focused on integrating ESG factors in investments (both greenfield and brownfield projects) to manage risk and add value from origination through to exit. His profile includes evaluating and monitoring E&S risks and opportunities in transactions within portfolio of investments through two funds - MF and SOF. He is responsible for integrating NIIF’s E&S Policy and Principles, and its investor’s requirement in all its projects during entire lifecycle of the investment. He previously worked as Associate (Principal Consultant) in ESG vertical of AECOM and as Senior Consultant in ERM, leading E&S team where his role was to spearhead ESG business with integration of ESG into corporates, private equities, FIs and PEs. He has worked in (4) South-Asian countries and managed projects in seven (7) African countries, Israel, US, and Philippines. He has worked with various investors including US DFC, Australian Superfund, IFC, ADB, Global Environment Facility (GEF) Capitals, Climate Fund Manager (CFM), Finn fund, Green Growth Equity Fund, Stride Climate Investment, JP Morgan, Goldman Sachs, Blackstone, and GIC. Manmeet has completed Masters in Environment Management from GGSIP University, Delhi and Bachelors in Botany Hon’s from Delhi University, lead EMS auditor (14001) certification from IEMA, UK, and certification course on GRI for sustainable reporting. He has also trained in Building Climate Resilience in 2022, Project Management Training in 2018, Leadership Programs in Hong Kong (2015) and KL, Malaysia (2016), Advanced Training on Green Buildings Rating Systems, and Lead Assessor Training (Merger & Acquisition) in 2012.
Rakhee Sunar
Rakhee Sunar
Vice President - ESG
Rakhee is a Vice President in the ESG team, based in Mumbai. She has over 20 years of varied experience working in the environmental domain, including Environment/EHS Auditing, Environment Monitoring, Environment Clearance (EIA), Water & Wastewater and Sanitation Sector, and Greenhouse Gas (GHG) accounting (including training and capacity building).Rakhee is responsible for ESG integration for the Private Markets portfolio through pre-investment diligence, post investment EHS monitoring and performance review, ESG risks and opportunities assessments including interactions with relevant stakeholders.Prior to joining NIIF, Rakhee worked with organizations like UNICEF & Public Health Engineering Department (PHED), National Environmental & Engineering Research Institute (NEERI), JM EnviroNet, Synergy Engineering & Environmental Solutions, Green Circle Consultants India Pvt. Ltd. and International Certification Services on different sectors like Infrastructure, Cement, Iron and Steel, Pharmaceutical industries, Power Plant, etc. She is a certified lead EMS (ISO 14001) auditor having conducted many Environment Management System (EMS) & Integrated management system (IMS) audits across diversified sectors. She was an EIA coordinator for Building and construction projects sector and Functional Area Expert for Air and Water Pollution Monitoring, Prevention and Control (AP and WP), approved by NABET, a government accreditation agency.Rakhee is a postgraduate in Environmental Sciences and M. Phil in Energy & Environment from Devi Ahilya University and has a Certificate in GRI Reporting from KPMG.
K Raghavendra Babu Padala
K Raghavendra Babu Padala
Associate Vice President - ESG
Raghavendra Babu is an Associate Vice President in the ESG team based in Delhi. He brings with him 12+ years of experience in ESG, Health & Safety Management. Prior to joining NIIF, he was working with Dupont Sustainable Solutions (Dss+) as Senior Consultant– ESG. Previously, he worked with companies such as Jindal Power Ltd., Sembcorp Energy, Sterling and Wilson Renewable Energy and Phelan Energy group. Raghavendra completed his Graduation in 2009 from JNTU Kakinada, Diploma in Industrial Safety from AP State Technical Board in 2013 and NEBOSH IGC (UK).
Pranay Krishnan
Pranay Krishnan
Associate Vice President - ESG
Pranay works as Manager-ESG at NIIF. He joined NIIF in April 2022. Prior to NIIF, Pranay worked in ESG consulting for over 8 years. In his last role as Assistant Vice President at Environmental Management Centre Pvt. Ltd. (EMC), he led the team in areas of ESG risk and opportunity assessments, ESG management frameworks and systems, GHG inventorization, E&S impact assessments, climate risk, resource efficiency, and CSR & community development. He has cross sectoral experience across financing institutions, infrastructure, power, renewable energy, highways, manufacturing, chemical and pharmaceuticals, healthcare, agriculture and agri-tech, ports, and logistics, FMCG and retail, water and wastewater, waste management etc. Prior to EMC, he worked in areas of clean development mechanism (CDM) validation and verification and the water and wastewater management.Pranay holds a Master’s in Environmental Sciences, from SIES Nerul College of Arts, Science and Commerce, a Post Graduate Diploma in Environmental Law from National Law School of India University, Bangalore, and a Bachelor’s of Sciences in Microbiology from SIES Sion College of Arts, Science and Commerce. He is a GRI certified professional for GRI Standards 2021, qualified lead auditor for the ISO 14001:2015 Environmental Management Systems and a Central Pollution Control Board (India) and National Productivity Council (NPC) Certified Master Trainer for the Waste Management Rules, 2016.
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