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 44 is higher than 62% 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 2021, ReNew Private Limited reported significant carbon emissions, with Scope 1 emissions totalling approximately 8,730,000 kg CO2e and Scope 2 emissions reaching about 30,401,160 kg CO2e. The company has set ambitious climate commitments, aiming for net-zero greenhouse gas (GHG) emissions across its value chain by FY2040. To achieve this, ReNew has established near-term targets to reduce absolute Scope 1 and 2 GHG emissions by 29.4% by FY2027, using FY2022 as the baseline. Additionally, the company plans to cut Scope 3 emissions—covering purchased goods and services, capital goods, fuel and energy-related activities, and upstream transportation and distribution—by the same percentage within the same timeframe. Long-term, ReNew aims for a substantial reduction of 90% in absolute GHG emissions across all scopes (1, 2, and 3) by FY2040, with the target boundary including land-related emissions and removals from bioenergy feedstocks. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect the company's commitment to sustainable practices in 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 climate strategy and reporting framework.
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| 2021 | |
|---|---|
| Scope 1 | 8,730,000 |
| Scope 2 | 30,401,160 |
| Scope 3 | - |
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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