Renew
Renew, officially known as Renew Energy, is a leading player in the renewable energy sector, headquartered in India. Founded in 2011, the company has rapidly established itself as a significant force in the solar and wind energy markets, with a strong operational presence across various regions in India. Specialising in the development, operation, and maintenance of renewable energy projects, Renew offers innovative solutions that set it apart from competitors. The company’s commitment to sustainability and efficiency has garnered recognition, positioning it as a trusted partner in the transition to clean energy. With a robust portfolio of over 10 GW of renewable energy assets, Renew has achieved notable milestones, including significant investments and partnerships that enhance its market position. As a pioneer in the industry, Renew continues to drive advancements in renewable technologies, contributing to a greener future.
DitchCarbon Score
How does Renew'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 from Other Sources 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's score of 64 is higher than 82% 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's reported carbon emissions
In 2024, ReNew Energy Global plc reported total carbon emissions of approximately 2,798,928,000 kg CO2e. This includes Scope 1 emissions of about 637,000 kg CO2e, Scope 2 emissions of approximately 31,539,000 kg CO2e (market-based), and a significant contribution from Scope 3 emissions, which totalled around 2,766,752,000 kg CO2e. The Scope 3 emissions breakdown reveals major sources such as capital goods (approximately 2,476,339,000 kg CO2e) and upstream transportation and distribution (about 72,353,000 kg CO2e). For 2023, the company reported total emissions of about 1,051,106,000 kg CO2e, with Scope 1 emissions at approximately 681,000 kg CO2e and Scope 2 emissions around 33,565,000 kg CO2e (market-based). The Scope 3 emissions for that year were approximately 1,016,860,000 kg CO2e. ReNew has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 29.4% by FY 2026-27, using FY 2021-22 as the base year. Additionally, the company has long-term targets to achieve a 90% reduction in absolute emissions across all scopes (1, 2, and 3) by FY 2040, also based on FY 2022 levels. This commitment includes a near-term target to reduce Scope 3 emissions by 29.4% within the same timeframe. ReNew is also a signatory of the Climate Pledge, committing to reach net-zero greenhouse gas emissions across its value chain by FY 2040. These initiatives reflect the company's dedication to sustainability and its proactive approach to addressing climate change within the energy sector.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 8,730,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 30,401,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Renew is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
