ReNew Energy Global Plc, a leading provider of decarbonization solutions in India, has released its second Annual Integrated Report for FY 2024-25, titled “Scaling New India’s Leap with Clean Energy Solutions: Innovating Sustainably.” This report highlights the company’s advancements in clean energy, sustainability, and social impact as it celebrates its 15th year of operations.
Established in 2011 as a pure-play Independent Power Producer (IPP), ReNew has transformed into a global provider of integrated decarbonization solutions, significantly contributing to India’s clean energy transition.
Sumant Sinha, ReNew’s Founder, Chairman, and CEO, emphasized the importance of this milestone: “India is in the middle of a once-in-a-generation clean energy leap, one that will define the world’s future. This year holds special significance as we celebrate ReNew’s 15th year. We are growing with purpose, guided by a long-term view that places sustainability at the core of value creation.”
Key Highlights from the FY25 Integrated Report
Emissions and Renewable Energy Progress
– Carbon emissions avoided: 18.6 million tonnes in FY25
– Scope 1 & 2 emissions reduction: 18.2% from the FY22 baseline, exceeding the annual target of 12.6%
– Carbon neutrality: Maintained for the fifth consecutive year
– Renewable electricity use: 76%, surpassing the 2025 target of 50%
Clean Energy Generation and Portfolio Growth
– Clean energy generated: Over 22 billion kWh, accounting for 2% of India’s electricity demand
– Commissioned portfolio: 10.7 GW
– Net profit: INR 4.6 billion
Water Stewardship
– Water saved: Over 540 million litres, a 50% increase from the previous year
– Goal: Water positive by 2030
Sustainable Supply Chain and ESG Integration
– Conducted its first Life Cycle Assessment and published a verified Environmental Product Declaration for solar PV modules
– Achieved 100% ESG assessments for critical suppliers
Social and Governance Impact
– Lives impacted through CSR: Over 1.7 million
– Gender diversity: 16% overall, with 40% board representation by women
– Women in STEM: 12%
– Women in management: 17%
Vaishali Nigam Sinha, Co-Founder and Chairperson – Sustainability, remarked: “At ReNew, we see sustainability not as a checklist, but as a catalyst for transformation. Over the last 15 years, we’ve evolved from a bold idea into India’s leading decarbonization solutions provider. This Integrated Report captures how we are integrating sustainability into the way we think, build, and grow.”
Global Reporting Alignment
The FY25 Integrated Report aligns with the IIRC framework under the IFRS Foundation and references a variety of global standards, including:
– GRI Standards 2021
– UN Sustainable Development Goals (SDGs)
– SASB, UNGC, UN WEPs
– IFC Standards and Equator Principles
– IFRS S2 (formerly TCFD) and TNFD
– Double Materiality approach under EFRAG and CSRD
Furthermore, ReNew has voluntarily mapped its sustainability performance to the Business Responsibility and Sustainability Report (BRSR), positioning itself as one of the few Indian companies to undertake this initiative.
As ReNew continues to expand its operations and sustainability initiatives, the company remains committed to driving clean energy innovation, accelerating climate action, and creating long-term value for its stakeholders.
Source: ReNew
