To achieve the Paris Agreement’s goal of limiting global warming to well below 1.5 degrees Celsius, State-Owned Enterprises (SoEs) must play a central role in rapidly decarbonizing the energy sector. SoEs, which control nearly 50% of global coal-based power capacity, are particularly influential in the Global South, where they lead fossil fuel extraction and power generation. Recognizing their critical role, Swaniti Global and Coal India Limited (CIL) hosted a one-day conference titled “Driving Sustainability in State-Owned Enterprises.”
The event brought together over 50 delegates from 20 global and Indian SoEs in the coal-mining and coal-based power sectors, including NTPC, Eskom Holdings SOC Ltd., and MAHAGENCO. The closed-door discussions focused on two key themes: business diversification and asset repurposing for a just transition.