ReNew Releases Third Sustainability Report: Driving Decarbonisation

09 Nov 2023
  • ReNew’s net-zero targets by 2040 validated by SBTi
  • ~14.1 million tons of carbon emissions avoided during FY 2022–23, ~400 times its Scope 1 and 2 emissions
  • 318,708 kiloliters of water saved during FY23, a 48% year-on-year increase
  • 17,385 GWh of clean energy produced during FY23, enough to power 5 million Indian households annually
  • 40% gender diversity of Board members
  • 1mn+ lives benefited through CSR programmes, across 500+ villages

GURUGRAM, India--(BUSINESS WIRE)--Nov. 9, 2023-- ReNew Energy Global Plc ("ReNew") (Nasdaq: RNW, RNWWW), India’s leading renewable energy company and a preferred decarbonisation partner, today released its Sustainability Report for FY22-23, titled ‘Driving Decarbonisation’.

The report outlines ReNew’s vital role in India’s energy transition. The company has been striving tirelessly towards strengthening India’s energy and climate security since it was founded in 2011, and has quadrupled its operational capacity since 2017. The report reveals that operations were carbon neutral for the third consecutive year.

As a responsible business, ReNew has also been working continuously with local communities and is implementing a range of sustainable, replicable, and scalable programmes that create measurable socioeconomic and ecological benefits. Through these initiatives the company has benefited over one million individuals in 500 villages and 10 states across India.

Vaishali Nigam Sinha, Co-Founder and Chairperson - Sustainability, ReNew. said: “We measure the true value and success of our business by our financial performance and our environmental, social and governmental impact. We have set ambitious and measurable goals in each of these areas, such as reducing our carbon footprint, enhancing our social contribution, and promoting inclusivity and diversity in our workforce. We are committed to supporting the United Nations’ Sustainable Development Goals (SDGs), which guide our efforts to address the most pressing challenges facing humanity. We believe that sustainability is not only a responsibility but also an opportunity to innovate and transform our business for the better.”

The FY22-23 Sustainability Report can be found at www.renew.com/disclosures-and-reporting

Notes to Editors

About the report:

The ‘Driving Decarbonisation’ sustainability report was prepared in line with best practice as outlined by global standards including the Global Reporting Initiative (GRI) Standards, Sustainability Accounting Standards Board (SASB), Task Force on Climate-related Disclosures (TCFD), United Nations Global Compact’s 10 Principles and UN Women Empowerment Principles. It was verified and audited by a reputed third-party auditor as per the International Standard on Assurance Engagements (ISAE -3000).

About ReNew

ReNew is India’s leading decarbonisation solutions company listed on Nasdaq (Nasdaq: RNW, RNWWW). ReNew's clean energy portfolio of approximately 13.7GW on a gross basis as of June 30, 2023, is one of the largest globally. In addition to being a major independent power producer in India, ReNew provides end-to-end solutions in a just and inclusive manner in the areas of clean energy, value-added energy offerings through digitalisation, storage, and carbon markets that increasingly are integral to addressing climate change. For more information, visit renew.com and follow us on LinkedIn, Facebook, Twitter and Instagram.

Press Enquiries
ReNew | Shilpa Narani | shilpa.narani@renew.com

Investor Enquiries
ReNew | Nathan Judge, Nitin Vaid | ir@renew.com

Source: ReNew Energy Global Plc