ESG Governance to create a value for our stakeholders
Integrated Governance for the day-to-day operations of the company
Foster a strong ESG culture within ReNew
Communicate the impact created to the stakeholders through our disclosures about the ESG culture within ReNew
Strengthen our relationship with stakeholder and gain access to lower-cost capital through ESG rating
Foster partnerships and advocacy to create a climate-resilient business ecosystem
ReNew has a robust three-layered ESG governance framework to carry out business operations responsibly, while staying true to the purpose of the business.
which oversees and strengthens ReNew’s ongoing ESG, sustainability, and Corporate Social Responsibility (CSR) commitments.
which acts on functional aspects, such as data collation plans and executes specific initiatives.
to monitor ReNew’s performance and ensure its alignment with the dynamic climate change and regulatory landscape.
| 2025 | 2030 |
|---|---|
| To be validated as carbon neutral (scope 1 and 2) annually | Water positive |
| Develop science-based targets (Scope 1, 2 and 3), validated by SBTi for net-zero emissions | Zero solid waste to landfill |
| Source 50% of electricity through clean sources across all operations | Source 100% of electricity through clean sources across all operations |
| 2025 | 2030 |
|---|---|
| Pilot an all-women initiative/section across all manufacturing sites | Positively impact 2.5 million people through CSR initiatives |
| Zero lost time injuries | 30% women in the workforce |
| 100% awareness on ESG amongst all employees | Zero human right violations across supply chain |
| 100% of security staff to be trained on human rights | |
| Zero incidence of human rights violation within the operations |
| 2025 | 2030 |
|---|---|
| Board diversity policy for 30% female representation | Rated among the top five (globally) in energy utility across CDP, Sustainalytics and Refinitiv |
| Zero instances of anticompetitive behaviour, anti-trust and monopolistic practices | |
| Link ESG performance with executive compensation | |
| Mitigate ESG risks to ensure no critical ESG / sustainability risks (in ERM) |
| Climate Change mitigation | Assessing the impact of climate change on the day-to-day operations and developing mitigation strategies |
| Energy | Focus on improving energy efficiency |
| Water | Working towards improving water efficiency and conservation |
| Waste management | Adopting principles of circular economy towards ensuring zero waste to landfill |
| Biodiversity | Minimising negative impact on biodiversity |
| Community Development | Scaling our social impact through our CSR interventions |
| Safety | Driving employee and contractor safety and well being |
| Employee | ReNew is focused on its employees’ health and wellbeing, protecting the employees from any harm or hazard and ensuring that the workforce builds on commitment, growth and collaboration. Striving to deploy the best industry practices at all levels, ReNew maintains high standards towards achieving zero harm, being inclusive and embracing diversity, engaging employees through various activities while socially supporting its workforce. |
| Diversity and Inclusion | Creating a diverse, equitable and inclusive workforce |
| Supply chain engagement | Engaging with our value chain partners to sustainability issues |
| Human Rights | Respecting and valuing human rights of employees and partners |
| Strong governance | Ensuring board oversight on material issues |
| Disclosures | Ensuring transparency through global reporting standards |
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