As we advance towards a sustainable energy future, we remain committed to enhancing our current environmental actions through our net-zero pledge and responsible resource use.
Our over a decade-long operational journey is characterized by people-powered excellence. We foster a diverse and inclusive workplace that prioritizes employee safety. Our commitment to equitable growth extends beyond our organization, driving positive change in our communities.
We uphold best practices in corporate governance to ensure ethical and responsible business conduct. As frontrunners in the industry, we also advocate for policies that enhance industry sustainability and progress.
Clean energy portfolio as of March 31, 2024
Solar modules per day production capacity at our first solar manufacturing facility in Jaipur, Rajasthan
of Auctions Won
Transmission lines erected
Total Income
Adjusted EBIDTA
Profit After Tax(PAT)
of GHG emissions avoided (14% YoY increase)
of water saved (13% YoY increase)
of electricity sourced from clean sources
Lives positively impacted through socioeconomic programs
CSR expenditure
Gender Diversity Rate within our Workforce
Women representation in STEM roles
Lost-Time Injury Frequency Rate (LTIFR)
Gender diversity at the Board level
Independent directors on the Board
Higher than the Industry average score in Electric Utilities: Increase in S&P CSA score to 55 in FY 2023-24 from a score of 41 in FY 2022-23
Maintained ‘B’ Rating in CDP Climate Change FY 2022-23, higher than the Asia regional average of B-, and same as the renewable power generation sector average of B
Maintained ‘A-’ Rating & Leadership Band in CDP Supplier Engagement Rating (SER) in FY 2023-24
Received a score of 79.25/100 (increase from score of 77 in FY 2022-23): Best among all Electric Utilities & IPP corporates in India for FY 2023- 24 and second best among Electric Utility & peers globally
ReNew’s MSCI rating is ‘AA’ and it places the company among the Industry Leaders category
Included in the recently released 2024 Top-Rated ESG Companies List by Morningstar Sustainalytics. Awarded a low risk ESG rating of 11.6
Our Journey Towards 10+GW
FY 2023-24 marked our growth with a reported profit of INR 4.1 billion. This significant milestone showcases our inherent cash-generation capability.
Sumant Sinha
Founder, Chairman and CEO
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Our dedication to sustainability, transparency, and accountability
We have committed to net-zero goal by 2040, validated by SBTi, making us one of the first pure-play renewable energy companies to receive this recognition.
Vaishali Nigam Sinha
Co-founder ReNew, Chairperson, Sustainability
Read MoreQuarter 1
ReNew and Gentari announced strategic collaboration for 5 GW Renewable energy capacity in India
ReNew ranked among top renewable Power & Utility companies globally as per Sustainalytics
ReNew raised US$ 400 million through Issuance of Green Bonds
ReNew to decarbonise Mobility and Mining in Karnataka
Quarter 2
ReNew Signed MoUs for INR 640 billion (~US$ 7.8 billion) for Green Energy Projects
ReNew announces Clinton Global Initiative commitment to Business-Driven clean energy and education in India
LEED True Zero Waste platinum certification for our corporate office, ReNew.Hub, Gurugram
• USISPF, ReNew and the Consulate General of India brought together Business and Government Leaders to discuss U.S.-India climate partnership
• ReNew awarded with GRIHA 5-star rating for corporate office
Quarter 3
ReNew recognised in Top 15 Climate Tech Companies to Watch
ReNew’s CSR Initiatives Positively Support 1 million Lives pan India
ReNew was awarded the Sustainable Markets Initiative’s 2023 Terra Carta Seal
• ReNew successfully commissions its First Interstate Transmission Scheme (ISTS) project following investment from Norfund and KLP
• ReNew Signed MoU with Asian Development Bank for INR 439.12 billion
COP28 Presidency Recognised ReNew as Clean Energy Transition Changemaker, for its work on the Round-the-Clock Power Project
Quarter 4
• ReNew was awarded WEF’s 4IR Lighthouse Award
• Harvard Business School publishes a second case study about ReNew
• ReNew refinanced INR 26.9 billion debt three months ahead of maturity
• ReNew got certified as Great Place to Work for the fourth time
• ReNew received Ambition Box Employee Choice Award 2024
• ReNew announced its first profitable year since its launch on Nasdaq, recording a profit of INR 4.1 billion
• ReNew crossed 10 GW of Gross Renewable Energy Assets
• ReNew partnered with JERA to evaluate Joint Development of Green Ammonia Project in India
ReNew’s Sustainability Targets to Responsible Transformation
Achieved
In Progress
Our company has continued to solidify our global leadership in the renewable energy sector, delivering outstanding financial results and ensuring long-term growth. Our clean energy portfolio as of May, 2024 stands at an impressive 15.6 GW, making it India’s largest in wind energy and the second largest in solar.
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As a pioneer in sustainability, ReNew has consistently driven efforts to positively impact people, the planet, and business. Through a sustainable business model, the company remains dedicated to generating long-term value for its diverse set of stakeholders equitably and responsibly.
Read MoreWe are persistent to our commitment to combat climate change and encourage a sustainable future through a robust decarbonisation strategy. As a global leader in renewable energy and decarbonisation solutions, we aim to significantly reduce carbon emissions across our operations and the broader energy ecosystem.
Commitment to reach net-zero GHG emissions across our value chain by 2040.
First Company in India's renewable energy sector to have our net-zero targets validated by SBTi.
Our Capitals
MANUFACTURED
Shaping the Future of Energy
Clean Energy Portfolio on a Gross Basis
of Operational Capacity
HUMAN
Building an Inclusive Workforce
Strong workforce
Gender Diversity Rate within our Workforce
NATURAL
Nurturing Nature
for Scope 1 and Scope 2 emissions achieved for the fourth consecutive year
of CO2e emissions avoided
SOCIAL
Driving Equitable Societal Transformation
Total CSR Spent
Lives Impacted
RELATIONSHIP
Synergising for Sustainability
Critical Suppliers Assessed against ESG Aspects
Customer Satisfaction Score
INTELLECTUAL
Unleashing Innovation for Sustainable Growth
Total amount spent on R&D
Increase in site employees’ efficiency in maintenance activities
Financial
Striving for Advancements that Deliver Value
Profit After Tax (PAT)
of Bids Won
Agro-forestry projects aimed to enhance environmental protection and create sustainable income for local communities
An all-women security force operates round the clock at one of our solar operations and maintenance sites in Karnataka
Converted one of our sites in Rajasthan to use 100% electric vehicles (EVs)
Shaukat Khan’s Story from Climate Awareness to Climate Action
Addressing Intermittency by collaborating with the government to contribute towards the ‘Round-theClock’ (RTC)
ReNew Centre for Excellence (CoE) - One of the first world class research and development facilities to advance cutting-edge renewable solutions in the Indian context.
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