R EC Limited Sustainability Profile
R EC Limited, also known as Rural Electrification Corporation Limited, is a prominent player in the Indian power sector, headquartered in New Delhi, India. Established in 1969, the company has significantly contributed to the electrification of rural areas across the country, focusing on financing power sector projects and promoting sustainable energy solutions. With a strong presence in various operational regions, R EC Limited primarily engages in providing financial assistance for power generation, transmission, and distribution projects. Its core services include project financing, consultancy, and capacity building, which are distinguished by a commitment to enhancing energy access and efficiency. Recognised for its pivotal role in India's energy landscape, R EC Limited has achieved notable milestones, including the financing of numerous renewable energy initiatives. The company continues to strengthen its market position as a leader in rural electrification and sustainable energy development.
DitchCarbon Score
How does R EC Limited's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Services Auxiliary to Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
R EC Limited's score of 24 is lower than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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R EC Limited's reported carbon emissions
In 2024, R EC Limited reported total carbon emissions of approximately 12,000,000 kg CO2e, with emissions distributed across all three scopes: Scope 1 emissions were about 555,370 kg CO2e, Scope 2 emissions totalled approximately 1,577,170 kg CO2e, and Scope 3 emissions reached about 10,295,230 kg CO2e, primarily from purchased goods and services. In 2023, the company recorded total emissions of around 5,254,770 kg CO2e, with Scope 1 at approximately 281,920 kg CO2e and Scope 2 at about 1,320,590 kg CO2e. R EC Limited is a current subsidiary of Power Finance Corporation Limited, which influences its emissions data. However, the company has not set specific reduction targets or climate pledges, indicating a potential area for future commitment. The absence of defined reduction initiatives suggests that R EC Limited may need to enhance its climate strategy to align with industry standards and expectations.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 281,920 | 000,000 |
| Scope 2 | 1,320,590 | 0,000,000 |
| Scope 3 | 5,254,770 | 00,000,000 |
How Carbon Intensive is R EC Limited's Industry?
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R EC Limited's Scope 3 Categories Breakdown
R EC Limited's Scope 3 emissions, which increased by 96% last year and increased by approximately 96% since 2023, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" representing nearly all of their reported Scope 3 footprint.
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R EC Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
R EC Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
