ReNew Energy Global PLC has been recognised by the leading financial market data provider Refinitiv for outstanding Environmental, Social and Governance (ESG) performance. The company has scored 81.22/100 on ESG performance, sitting at the top of all electric utilities & Independent Power Producers (IPPs) in India, and second overall globally for FY 21-22.
Refinitiv rated more than 12,000 companies globally. It evaluated ReNew on its relative ESG performance, commitment, and effectiveness across core themes, including emissions, climate change mitigation, environmental product innovation and human rights, based on public disclosures. The index is based on metrics gathered from publicly available sources, such as annual reports, company website data, Corporate Social Responsibility (CSR) reports and other data points.
ReNew’s carbon intensity from electricity generation is 32.83 gCO2/kWh, 94% lower than the global average. The company has pledged to meet a broader range of ESG goals, including water positivity, renewable energy procurement for operations and zero waste to landfill, among others. Further, it aims to positively impact 2.5 million lives through CSR initiatives and ensure 30% representation of women in the workforce.
Commenting on the recognition, Vaishali Nigam Sinha, Chief Sustainability Officer, ReNew, said, “Sustainability and ESG are central to ReNew’s inclusive growth strategy. We are constantly striving to set new benchmarks. The Refinitiv score is an endorsement of our endeavours in ensuring the best service standards to our stakeholders and reaffirms our commitment to building the best renewable energy company in the world.”