Renew Sustainability Profile
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 64 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Renew's reported carbon emissions
In 2024, ReNew Energy Global Plc reported total carbon emissions of approximately 2,798,928,000 kg CO2e. This includes Scope 1 emissions of about 637,000 kg CO2e, Scope 2 emissions of approximately 31,539,000 kg CO2e (market-based), and a significant contribution from Scope 3 emissions, which totalled around 2,766,752,000 kg CO2e. The latter includes major categories such as capital goods (approximately 2,476,339,000 kg CO2e) and upstream transportation and distribution (about 72,353,000 kg CO2e). For the previous year, 2023, ReNew reported total emissions of about 1,051,106,000 kg CO2e, with Scope 1 emissions at approximately 681,000 kg CO2e and Scope 2 emissions around 33,565,000 kg CO2e (market-based). The Scope 3 emissions for 2023 were approximately 1,016,860,000 kg CO2e. ReNew has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 GHG emissions by 29.4% by FY 2026-27, using FY 2021-22 as the base year. Additionally, the company has long-term targets to achieve a 90% reduction in absolute emissions across all scopes (1, 2, and 3) by FY 2040, also from a FY 2022 base year. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect a commitment to net-zero emissions across the value chain by FY 2040. ReNew's emissions data is not cascaded from any parent organization, indicating that the reported figures are independently sourced. The company is actively participating in global climate initiatives, including signing the Amazon Climate Pledge, further demonstrating its commitment to sustainability and climate action.
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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 |
How Carbon Intensive is Renew's Industry?
How Carbon Intensive is Renew's Location?
Renew's Scope 3 Categories Breakdown
Renew's Scope 3 emissions, which increased by 172% last year and increased by approximately 540% since 2022, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Capital Goods" being the largest emissions source at 90% of Scope 3 emissions.
Top Scope 3 Categories
Renew'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.
Renew has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Renew's sustainability data and climate commitments