ReNew Power aims to reach net zero by 2040
It avoided over 11 million tonnes of carbon emissions in the past year.
India’s ReNew Energy committed to achieving net zero by 2040 which is 30 years ahead of the country’s 2070 target.
In a statement, ReNew Power said it will implement comprehensive measures to attain this target which will include improving energy efficiency in its offices and sites, clean energy procurement, and electrification of fossil fuel-based equipment.
The company will also encourage suppliers to set up science-based target initiatives, evaluate low-carbon footprint raw materials and explore green logistics for transportation.
ReNew Power has generated 14,263 gigawatt-hours of clean electricity which can provide power to four million households and help India avoid 0.5% of its annual emissions. It was able to avoid over 11 million tonnes of carbon emissions over the past year.
Carbon intensity from the company’s electricity generation stood at 32.83 grams of carbon dioxide per kilowatt hour, 95% less than the average of India’s power sector and 94% lower than the global average. ReNew Power has also declared its Scope 3 greenhouse gas emissions.
Aside from this, the company also committed to meeting its ESG goals which include water positivity, renewable energy procurement for operations, zero-waste to landfill, contributing to 2.5 million people through its corporate social responsibility efforts, having 30% women in the workforce, and ESG risk management.