Investor Presentation

ESG Highlights MSCI ESG RATINGS AA SUSTAINALYTICS Top 10 Global Renewable Energy Company for Sustainability WORLD FINANCE SUSTAINABILITY AWARDS 2 0 O Most Sustainable Solar Company CDP DISCLOSURE INSIGHT ACTION Environment Social g green assets wallet Governance (1) Through March 31, 2020 till Jan 2021, Azure Power FY'21 Highlights 358 tons of damaged solar modules have been recycled or properly disposed of at a authorized hazardous waste facility Received MSCI AA rating for ESG (top quartile for industry) ■ Avoided 2.4 million tons of CO2 year to date (1), 8.9 million ton equivalents since inception Water consumption per MWH reduced by 20% year to date compared to calendar 2019 and 64% since calendar year 2018. Over 180 million liters of water saved compared to 2018 usage rate. On track to become water neutral by 2023 Installed 84 ground water recharge structures across 15 sites which allows rain water to recharge local aquifers ISO 45001 certification that our Occupational Health and Safety System is in line with international standards obtained. Our Corporate Social Responsibility assistance benefited more than 175,000 people this year Distributed 137,000 masks and food to 32,000 people during the pandemic in FY'21 Built 15 clean water facilities in FY'21 (till date) providing 3,167 people with clean drinking water. Since inception, 133 water filtration plants have been built providing about 100,000 people with clean drinking water. 1 rooftop solar project for a school Skill development training offered to over 1,065 individuals in local villages in FY21 (Since inception, 3,355 beneficiaries have been provided training) 129 structured meetings for stakeholder engagement held with communities near our projects Enhanced Health and Safety Policy implemented in FY'20 All projects comply with World Bank Equator Principles Comply with SEC, NYSE, SGX governance standards 22% of Board is female. Majority of Directors on Board are independent. ■ 310 internal and 1 external SHES audits in FY'21 reported no significant noncompliance ☐ Introduced ESG Policy, Policy for Diversity and Inclusion, Policy for Human Rights, Equal Employment Opportunity Policy 9

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