ReNew Private Limited Sustainability Profile
ReNew Private Limited, commonly referred to as ReNew, is a leading renewable energy company headquartered in India. Founded in 2011, ReNew has rapidly established itself as a key player in the renewable energy sector, focusing on solar and wind power generation across various regions in India. With a commitment to sustainability, ReNew offers innovative solutions that include utility-scale renewable energy projects and energy storage systems. The company is recognised for its unique approach to integrating advanced technology with clean energy production, positioning itself as a pioneer in the industry. ReNew has achieved significant milestones, including the development of one of the largest solar parks in the country, solidifying its market position as a trusted provider of renewable energy solutions. Through its dedication to reducing carbon footprints, ReNew continues to contribute to India's transition towards a greener future.
DitchCarbon Score
How does ReNew Private 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 Electricity Transmission 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 Private Limited's score of 54 is higher than 70% 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 Private Limited's reported carbon emissions
In 2023, ReNew Private Limited reported total carbon emissions of approximately 1,051,106,000 kg CO2e. This figure includes Scope 1 emissions of about 681,000 kg CO2e, Scope 2 emissions of approximately 33,565,000 kg CO2e (market-based), and a significant contribution from Scope 3 emissions, which totalled around 1,016,860,000 kg CO2e. The previous year, 2022, saw total emissions of about 468,262,000 kg CO2e, with Scope 1 at 628,000 kg CO2e and Scope 2 at approximately 35,334,000 kg CO2e. ReNew Private Limited 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 a similar reduction in Scope 3 emissions, which encompass emissions from purchased goods and services, capital goods, and upstream transportation. Long-term, ReNew Private Limited is committed to a 90% reduction in absolute emissions across all scopes (1, 2, and 3) by FY2040, again referencing FY2022 as the baseline year. These targets are aligned 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. The emissions data for ReNew Private Limited is cascaded from its parent company, ReNew Energy Global Plc, which oversees the broader corporate sustainability strategy.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 8,730,000 | 000,000 | 000,000 |
| Scope 2 | 30,401,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 000,000,000 | 0,000,000,000 |
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ReNew Private 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.
ReNew Private Limited 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.
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Frequently Asked Questions
Common questions about ReNew Private Limited's sustainability data and climate commitments