ReNew Becomes India's Highest-rated Renewable Energy Company
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siliconindia | Thursday, 09 January 2025, 06:13:15 PM IST
ReNew Energy Global Plc, a leading decarbonization solutions provider in India, has emerged as the highest-rated pure-play renewable energy company in the Indian power sector, according to the recently released S&P Global Corporate Sustainability Assessment (CSA) results.
ReNew achieved an impressive score of 71 out of 100 in the CSA, reflecting an extraordinary 30% improvement from its FY 2023 score of 55. This milestone places ReNew in the top 10 percentile of the global energy sector and makes it one of only two Indian energy companies to surpass the coveted '70' score threshold.
Vaishali Nigam Sinha, Co-Founder and Chairperson - Sustainability at ReNew, expressed pride in the achievement, stating, “Becoming the highest-rated pure-play renewable energy company in India in the S&P Global CSA ratings is a defining moment for ReNew. It underscores our commitment to sustainability, transparency, and fostering a strong ESG culture, setting new benchmarks for India’s energy transition”.
ReNew’s success in the CSA highlights its dedication to sustainable business practices. The company has implemented Integrated Reporting and continuously enhanced its transparency and disclosures, contributing significantly to its improved ESG performance.
The S&P Global CSA is recognized as one of the most trusted ESG rating systems worldwide. ReNew’s remarkable score reinforces its leadership in decarbonization and its pioneering role in India’s energy transition, setting an example for the global renewable energy sector.
This achievement solidifies ReNew’s position as a sustainability leader and a key driver of India’s green energy revolution.
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