ReNew Energy Global Plc has been ranked among the top seven renewable power companies in the world and among the top 10 global utility firms by Morningstar Sustainalytics. Sustainalytics’ ESG Risk Ratings measure a company’s exposure to industry-specific material environmental, social, and governance risks.
After a thorough and rigorous assessment across various ESG-centric parameters, ReNew has been listed as a ‘low risk’ company with a rating of 11.6, signifying its low ESG risk exposure and sustainability. The company has been ranked seventh among 93 renewable power companies and tenth among 698 utilities globally.
ReNew’s low ESG Risk Rating by Morningstar Sustainalytics is a testament to its unwavering commitment to sustainable practices, ethical business operations and superior governance, informs Sumant Sinha, Chairman and CEO, ReNew. He further adds that ReNew will continue to roll out a host of ESG initiatives to decarbonise its operations, reduce water consumption, further diversity and inclusion in the workplace and at the same time remain dedicated to helping communities become climate resilient.
ReNew’s ESG Ratings echoes its commitment to creating long-term value for its stakeholders, as per Vaishali Nigam Sinha, Chairperson Sustainability, ReNew. She further adds that at ReNew, sustainability is an integral part of their business strategy and the company continuously strives to improve its practices in line with global best practices. ReNew is committed to becoming Net Zero by 2040 using Science Based Targets initiatives, and joining hands with partners in climate action.