Renew
Renew, officially known as Renew Energy, is a leading player in the renewable energy sector, headquartered in India. Founded in 2011, the company has rapidly established itself as a significant force in the solar and wind energy markets, with a strong operational presence across various regions in India. Specialising in the development, operation, and maintenance of renewable energy projects, Renew offers innovative solutions that set it apart from competitors. The company’s commitment to sustainability and efficiency has garnered recognition, positioning it as a trusted partner in the transition to clean energy. With a robust portfolio of over 10 GW of renewable energy assets, Renew has achieved notable milestones, including significant investments and partnerships that enhance its market position. As a pioneer in the industry, Renew continues to drive advancements in renewable technologies, contributing to a greener future.
DitchCarbon Score
How does Renew'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 Electricity from Other Sources 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
Renew's score of 52 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Renew's reported carbon emissions
In 2023, ReNew Energy Global plc reported total carbon emissions of approximately 1,051,106,000 kg CO2e, comprising 681,000 kg CO2e from Scope 1, 33,565,000 kg CO2e from Scope 2, and a significant 1,016,860,000 kg CO2e from Scope 3 emissions. This marked an increase from 2022, where total emissions were about 468,262,000 kg CO2e, with Scope 1 emissions at 628,000 kg CO2e, Scope 2 at 33,565,260 kg CO2e, and Scope 3 at 432,300,000 kg CO2e. ReNew has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by FY2040. The company has established near-term targets to reduce absolute Scope 1 and 2 emissions by 29.4% by FY2027, using FY2022 as the baseline. Additionally, it aims to achieve the same percentage reduction for Scope 3 emissions, which include categories such as purchased goods and services, capital goods, and upstream transportation. Long-term, ReNew is committed to a 90% reduction in absolute Scope 1, 2, and 3 emissions by FY2040 from the FY2022 baseline. These targets align with the Science Based Targets initiative (SBTi) and reflect the company's commitment to sustainable practices within the electric utilities and independent power producers sector.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 8,730,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 30,401,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Renew is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
