The sustainability report of ReNew titled “Partnering for transition, Progressing sustainably, Prospering together” is packed with ambitious targets and the company’s performance, both of which are of high interest to our stakeholders. This report presents our performance across the three pillars of Sustainability: Environmental, Social, and Governance (ESG), authenticated by a reputed external global firm.
Over the years, ReNew has been working tirelessly towards addressing India’s energy and climate security, quadrupling its operational capacity since 2017. During FY22, the company generated 14,263 GWh of clean electricity, enough to power ~ 4 million Indian households, and helped India avoid 0.5% of its annual carbon emissions. In this report, we have declared our GHG emissions, inclusive of supply chain (Scope-3) emissions, which are significantly lower than the global power sector average.
ReNew has set a net-zero target that is more ambitious than the targets of many global energy companies. We have already rolled out a series of measures to achieve our net-zero goal. This includes clean energy procurement for its operations, electrification of fossil-fuel-based equipment, encouraging suppliers to set SBTi-aligned targets, evaluating low carbon footprint raw materials, and exploring green logistics for transportation. Additionally, ReNew aims to work towards improving energy efficiency across its offices and sites. For FY22, the company’s energy consumption was 32% less than the previous financial year.