Business
ReNew Publishes First Annual Integrated Report Aligned With International Integrated Reporting Standards
ReNew becomes one of the pioneers among Indian companies to align with the EU taxonomy, reporting 97.79% of capital expenditure aligned with this
About this update from Renew Energy Global Plc
[{"type":"text","content":"\n\nReNew becomes one of the pioneers among Indian companies to align with the EU taxonomy, reporting 97.79% of capital expenditure aligned with this classification\n\n\n\nFirst Annual Integrated Report aligns with the International Integrated Reporting Council Framework as ReNew goes above and beyond to set new standards on ESG\n\n\n\nReNew sourced 41% of electricity through clean sources across all operations, making quick strides in its journey to reach 50% by FY 2025, as per the company’s stated target\n\n\n\nThe report includes achievements such as 40% gender diversity at the Board level and 358 million liters of water saved, which was a ~13% increase YoY\n\n\n\n GURUGRAM, India--(BUSINESS WIRE)--\nReNew Energy Global Plc (\"ReNew\") (NASDAQ: RNW), India’s leading decarbonization solutions provider, released its first Annual Integrated Report (for FY 2023-24) today. The report titled ‘Innovating Clean Energy Solutions’ reinforces ReNew’s position as a global pioneer in the clean energy landscape while integrating sustainability, nurturing equity, and embodying responsible stewardship.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240805395803/en/From left to right: Vaishali Nigam Sinha, Co-Founder & Chairperson, Sustainability, ReNew; Sir Sumantra Chakrabarti, Chairperson, ESG Committee and Independent Director, ReNew; and Sumant Sinha, Founder, Chairman & CEO, ReNew at ReNew Hub on Friday, 2 August, 2024 (Photo: Business Wire)\nThe report demonstrates ReNew’s commitment to ensure its disclosures go above and beyond any single geographical reporting standard and to continue to advance towards enhanced global reporting standards. ReNew has, for the first time, aligned with the EU Taxonomy and reports 97.79% of its capital expenditure aligned with it. The taxonomy is a classification system that lays out the criteria for economic activities which are aligned with a net-zero trajectory by 2050. This strategic move bolsters sustainable investment and elevates the transparency of its economic activities, in harmony with climate objectives and broader environmental goals.\n\n\nSumant Sinha, Founder, Chairman, and CEO, ReNew, said: “As a pioneer in India’s renewable energy sector, we are committed to strategically expanding our footprint in the Indian market with ta...