ReNew Sustainability
Report 2023

SBTi validated ReNew’s net-zero target by 2040.

ReNew is ranked 10th globally among 698 utility companies, according to Morningstar Sustainalytics, with an ESG risk rating of 11.6 (‘low risk’).

Debuted in the Carbon Disclosure Project (CDP) and achieved a ‘B’ rating in CDP Climate Change and an ‘A-’ in Supplier Engagement Rating in 2022. As per CDP, ReNew outperformed the Asian regional average (‘C’) and the renewable power generation sector average (‘B-’).

As per Refinitiv’s ratings, ReNew secured an impressive score of 77.08/100, making it the top- performing company among all utilities and IPPs in India for FY 2021-22 and the second among electrical utilities.

MSCI upgraded ReNew’s ESG rating to ‘AA’ from ‘A,’ placing the Company in the industry’s ‘Leader’ band for its effective management of financially relevant ESG risks and opportunities.


Environment
14.08 MTCO2

Emissions avoided (25% increase YoY)

318,708 KL

Water saved(48% increase YoY)

7.98 GW

Total installed capacity (Renewable)

420,480 +

Lives positively impacted through socioeconomic programmes

14 %

Female employees (1.5X increase YoY)

35,600 +

Jobs generated, directly and indirectly, creating livelihood for thousands of households

589,968

Hours of safety training conducted (112% increase YoY)

Social
Social
420,480 +

Lives positively impacted through socioeconomic programmes

14 %

Female employees (1.5X increase YoY)

35,600 +

Jobs generated, directly and indirectly, creating livelihood for thousands of households

589,968 +

Hours of safety training conducted (112% increase YoY)

Governance
4

Women directors on the Board, achieving 40% Board diversity

6

Independent directors on the Board

Sustainability Report 2022-2023

Sustainability is central to our business and we are committed to play a pivotal role in paving an efficient, sustainable, and socially responsible path to meet the growing energy needs of India.

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Case Studies

Environment



Corporate Social Responsibility



Safety



Human Resource

ReNew Global Green Scholars Program

Infusing global brilliance into the clean energy realm.