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ReNew Chairman and CEO Sumant Sinha to Lead Global Climate Action as Alliance Co-Chair
Sinha’s leadership of the largest CEO-led climate alliance worldwide will bring significant experience to the community committed to raising bold climate
About this update from Renew Energy Global Plc
[{"type":"text","content":"\nSinha’s leadership of the largest CEO-led climate alliance worldwide will bring significant experience to the community committed to raising bold climate ambition by doubling down on Scope 3 emissions decarbonization and policy engagement for a low-carbon regulatory environment\n\n\n GURUGRAM, India--(BUSINESS WIRE)--\nMr. Sumant Sinha, Chairman and CEO of ReNew, has been named Co-Chair of the Alliance of CEO Climate Leaders, the largest CEO-led climate alliance in the world, and a flagship initiative of the World Economic Forum. Sinha joins a group of influential leaders from top global companies - Ester Baiget, CEO of Novonesis; Jesper Brodin, CEO of Ingka Group Ikea; Feike Sybesma, Chairman of the Supervisory Board of Royal Philips; and Rich Lesser, Global Chair of BCG and Alliance Chief Advisor. Together, they will work closely with a cohort of 130-member CEOs across 12 Industries on driving strategic priorities of the Alliance. Collectively, this group represents $4 Trillion in revenues and 5.2 GT of carbon emissions, equivalent to 10 percent of global emissions across all scopes.\n\n\nAs a member of the Alliance since 2019, ReNew is recognized for its commitment to net-zero targets and innovative decarbonization solutions. It is one of the few organisations in its sector to have declared a 1.5°C-aligned science-based target validated by the Science Based Targets initiative (SBTi), with a target to be net zero by 2040.\n\n\nMr. Sinha said, “The Alliance of CEO Climate Leaders has been instrumental in driving systemic action and fostering public-private collaboration in the global energy transition. I look forward to engaging with a group of talented co-chairs and global CEOs committed to delivering tangible climate solutions and innovations across geographies and businesses.”\n\n\nReNew is dedicated to accelerating the net-zero transition and has mitigated over 21 million tons of carbon emissions over the past two years. With an overall portfolio of 21.4 GW (contracted and in pipeline), ReNew’s leadership across the value chain positions the company uniquely as a global energy transition leader. The company has been pioneering a spectrum of decarbonization solutions, including innovative Power Purchase Agreements (PPAs), solar module manufacturing, carbon markets, power trading, and energy storage. These initiatives suppo...