ReNew Slots In The Top 10 Percentile In S&P Corporate Sustainability Scores

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, which has consistently been among the top 3 renewable energy and now decarbonization solutions provider over the past three years in India, has another feather in its cap. It 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 strong leap in its Environmental, Social, and Governance (ESG) performance, ReNew scored 71 out of 100, a 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.  Adani Green Energy Is the other firm in the picture.

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  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.

 

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.