ReNew Becomes India’s Highest-rated Pure-play Renewable Energy Company in S&P Global’s Corporate Sustainability Assessment
09 Janeiro 2025 - 8:30AM
Business Wire
● ReNew has scored 71, registering a
remarkable ~30% enhancement in its score ● This achievement
places ReNew in the top 10 percentile of the global energy
sector
ReNew Energy Global Plc ("ReNew") (NASDAQ: RNW), India’s leading
decarbonization solutions provider, has secured the highest score
for a pure-play renewable energy company in the Indian power sector
in the recently released S&P Global Corporate Sustainability
Assessment (CSA) results. Demonstrating a remarkable leap in its
Environmental, Social, and Governance (ESG) performance, ReNew
scored an impressive 71 out of 100, registering an extraordinary
growth of almost 30% from its FY 2023 score of 55.
This achievement places ReNew in the top 10 percentile of the
global energy sector* and marks a ground-breaking milestone as one
of the two energy companies in India to surpass the '70' score
threshold.
Speaking on this milestone, Vaishali Nigam Sinha, Co-Founder
and Chairperson - Sustainability, ReNew, said, “Becoming the
highest-rated pure-play renewable energy company in India in the
S&P Global CSA ratings is a defining moment for ReNew and
solidifies our position as a sustainability leader in the Indian
power sector. This achievement highlights our constant focus on
sustainable practices, transparency, and fostering a robust ESG
culture. It reflects our unwavering commitment to setting new
benchmarks for the energy transition in India.”
ReNew’s impressive performance in the CSA reflects its
commitment to sustainable and responsible business operations. The
Company’s adoption of Integrated Reporting and its continuous
improvements in transparency and disclosures have played a key role
in achieving this distinction.
As one of the world’s oldest and most trusted ESG rating
systems, the S&P Global CSA underscores ReNew’s leadership in
decarbonisation and its role as a pioneer in India’s energy
transition.
Other events
ReNew signed 3 Power Purchase agreements (PPAs) with a combined
Renewable Energy capacity of ~1.1 GW, taking its total portfolio as
of January 8, 2025, to 17.4** GW on a gross basis. The PPAs include
a 50 MW solar PPA with the Solar Energy Corporation of India
(“SECI”) at INR 2.60 per unit, a 200 MW RTC PPA (RE ~600 MW) with
Railway Energy Management Company Limited (“REMCL”) at INR 4.37 per
unit, and a ~250 MW FDRE PPA (~RE 500 MW) with NHPC Limited at INR
4.64 per unit.
About ReNew
ReNew is a leading decarbonization solutions company listed on
Nasdaq (Nasdaq: RNW, RNWWW). ReNew's clean energy portfolio of
~17.4** GWs on a gross basis as of January 8, 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, digitalization,
storage, and carbon markets.
For more information, visit http://www.renew.com and follow us
on LinkedIn, Facebook, Twitter
and Instagram.
*As of 8th January 2025, 67% of 261 companies have been assessed
for CSA 2024 **Includes 300 MW SECI solar asset, for which a
definitive sale agreement was signed in December 2024
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250109822351/en/
Press Enquiries Shilpa Narani |
shilpa.narani@renew.com
Investor Enquiries Anunay Shahi, Nitin Vaid |
ir@renew.com
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