Waaree Renewable Technologies Limited Sustainability Profile
Waaree Renewable Technologies Limited, commonly referred to as Waaree, is a leading player in the renewable energy sector, headquartered in India. Established in 1989, the company has made significant strides in solar energy solutions, becoming a prominent manufacturer of solar photovoltaic (PV) modules and a provider of comprehensive solar power systems. With a strong presence across various operational regions, including Asia, Europe, and North America, Waaree has positioned itself as a trusted name in the industry. The company’s core offerings, such as high-efficiency solar panels and innovative energy storage solutions, are distinguished by their quality and performance. Waaree's commitment to sustainability and technological advancement has earned it numerous accolades, solidifying its status as a market leader in renewable technologies.
DitchCarbon Score
How does Waaree Renewable Technologies 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
Waaree Renewable Technologies Limited's score of 8 is lower than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Waaree Renewable Technologies Limited's reported carbon emissions
In 2023, Waaree Renewable Technologies Limited reported total carbon emissions of approximately 357,600 kg CO2e, comprising 102,250 kg CO2e from Scope 1 and 255,350 kg CO2e from Scope 2. The company has not disclosed any Scope 3 emissions data. In 2022, the emissions were about 71,520 kg CO2e, with 20,450 kg CO2e from Scope 1 and 51,070 kg CO2e from Scope 2, indicating a significant increase in emissions in 2023. Despite the increase in emissions, Waaree Renewable Technologies Limited has not set any specific reduction targets or climate pledges, nor do they have any initiatives reported under the Science Based Targets initiative (SBTi). The emissions data is cascaded from their parent company, Waaree Energies Limited, which is at a higher corporate level in the organisational structure. The company’s emissions per rupee of turnover for 2023 were not specified, but they have reported a value of 0.0 for previous years, indicating a potential focus on improving efficiency. As a current subsidiary, Waaree Renewable Technologies Limited is part of a broader commitment to sustainability within the Waaree corporate family, although specific initiatives or targets have not been detailed.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 20,450 | 000,000 |
| Scope 2 | 51,070 | 000,000 |
| Scope 3 | - | - |
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Waaree Renewable Technologies 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.
Waaree Renewable Technologies 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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