5 August 2025
ReNew
·
Reduced 18.2% Scope 1 & 2 emissions on
FY22 baseline, exceeding the FY25 reduction target of 12.6%
· Sourced 76%
of electricity from renewables, beating its 2025 target of 50%
·
Saved over 540 million litres of water through
water saving initiatives, 50% more than last year
· Released
first voluntary disclosure under BRSR, aligning with global and national
sustainability benchmarks
· Celebrates 15th year of impact, powers 2% of India’s electricity needs, offsetting 0.6% of India’s carbon emissions
Gurugram,
India, August 05, 2025: Marking 15 years of powering India’s clean
energy transition, ReNew Energy Global Plc ("ReNew") (NASDAQ: RNW), the
country’s leading decarbonization solutions provider, today released its second
Annual Integrated Report (for FY 2024-25) titled ‘Scaling New India’s Leap with Clean Energy Solutions: Innovating
Sustainably’.
The report
not only highlights ReNew’s ongoing leadership in advancing India’s clean
energy transition but also the company’s evolution from a pure-play IPP in 2011
to one of the largest providers of decarbonization solutions globally,
delivering scale, innovation, and impact.
Speaking on
this milestone, Sumant Sinha, Founder, Chairman,
and CEO, ReNew, said, “India is in
the middle of a once-in-a-generation clean energy leap, one that will define the
world’s future. This year holds special significance as we celebrate ReNew’s 15th
year. As a pioneer in the sector, we are growing with purpose, guided by a
long-term view that places sustainability at the core of value creation. This
Integrated Report goes beyond data; it offers a lens into how we are building a
future-ready company that delivers clean energy with integrity, innovation, and
real-world impact.”
Steady Progress on the Net-Zero Target
The company helped
avoid over 18.6 million tonnes of carbon emissions in FY25 and is focused on
meeting its SBTi validated net-zero target, a first for an Indian pure-play
renewable energy company. In FY25, ReNew achieved an 18.2% reduction in Scope 1
and 2 emissions from its FY22 baseline, exceeding the annual target of 12.6%
and maintained carbon neutrality for the fifth consecutive year. Additionally,
the Company has sourced 76% of its electricity from renewables, well ahead of
the 2025 target of 50%.
Water stewardship
remained a core focus of ReNew’s sustainability strategy, and with a target to
be water-positive by 2030, the company saved over 540 million litres of water,
which is an increase of 50% from last year.
Embedding sustainability within the supply chain
The report also highlights key milestones in
ReNew’s efforts to enhance sustainability throughout its operations and value
chain. It includes the company’s first Life Cycle Assessment (LCA) and verified
Environmental Product Declaration (EPD) published with the International EPD
System for its solar PV modules. Additionally, ReNew has achieved 100% ESG
assessment of its critical suppliers, reaffirming its commitment to a
responsible and transparent supply chain.
Creating Impact, fostering equity
Cementing its position as a leading clean
energy player, ReNew in FY25 generated over 22 billion kWh of clean energy,
meeting 2% of India’s electricity demand, equivalent to powering nearly 6
million households. The Company also achieved a commissioned clean energy
portfolio of 10.7 GW in the last fiscal, with profits reaching INR 4.6 billion.
Vaishali
Nigam Sinha, Co-Founder and Chairperson - Sustainability, ReNew, said: “At ReNew, we see sustainability not as a checklist, but as a catalyst
for transformation. Over the last 15 years, we’ve evolved from a bold idea into
India’s leading decarbonization solutions provider, driven by the conviction
that clean energy can power not just progress, but purpose. This Integrated
Report captures how we are integrating sustainability into the way we think,
build, and grow. In a world facing accelerating climate and equity challenges,
companies like ours must lead with clarity and conviction. This is our
blueprint for doing just that. It captures how we’re moving forward: with
clarity, accountability, and a long-term view.”
Across diversity and inclusion, the company
has achieved a 16% gender diversity rate, double that of four years ago. Women
now hold 40% of its board positions, 12% of STEM roles, and 17% of management
positions. The company also impacted over 1.7 million lives through its social
impact initiatives.
Pioneering change by aligning with global standards
ReNew’s Second Annual Integrated Report for FY
2024-25 follows the IIRC framework under the IFRS Foundation. It also
references the GRI Standards 2021, UN SDGs, SASB, UNGC, UN WEPs, IFC Standards,
Equator Principles, IFRS S2 (erstwhile TCFD), and TNFD. The Double Materiality
approach is based on EFRAG under CSRD and aligns with IFRS standards. For the
first time, ReNew has voluntarily mapped the BRSR, becoming one of the few
Indian companies to do so.
ReNew’s
Annual Integrated Report FY 2024-25 is available here.
About
ReNew
ReNew is a leading decarbonization solutions
company listed on Nasdaq (Nasdaq: RNW, RNWWW). ReNew’s clean energy portfolio
of ~18.5 GW on a gross basis as of June 16, 2025, is one of the largest
globally. In addition to being a major independent power producer in India, we
provide 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 are increasingly integral to addressing climate change. For
more information, visit
renew.com and follow us on LinkedIn, Facebook, Twitter, and Instagram.
Press
Enquiries | pr@renew.com
Investor
Enquiries | Anunay
Shahi, Nitin Vaid | ir@renew.com
