ReNew Celebrates 15 Years of Clean Energy Leadership with Launch of FY 2024-25 Integrated Report

Marking 15 years of powering India’s clean energy transition, ReNew Energy Global Plc released its second Annual Integrated Report (for FY 2024-25) titled ‘Scaling New India’s Leap with Clean Energy Solutions: Innovating Sustainably’. 

The report not only highlights ReNew’s ongoing leadership in advancing India’s clean energy transition but also the company’s evolution from a pure-play IPP in 2011 to one of the largest providers of decarbonization solutions globally, delivering scale, innovation, and impact. 

Speaking on this milestone, Sumant Sinha, Founder, Chairman, and CEO, ReNew, said, “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. As a pioneer in the sector, we are growing with purpose, guided by a long-term view that places sustainability at the core of value creation. This Integrated Report goes beyond data; it offers a lens into how we are building a future-ready company that delivers clean energy with integrity, innovation, and real-world impact.”

The company helped avoid over 18.6 million tonnes of carbon emissions in FY25 and is focused on meeting its SBTi validated net-zero target, a first for an Indian pure-play renewable energy company. In FY25, ReNew achieved an 18.2 percent reduction in Scope 1 and 2 emissions from its FY22 baseline, exceeding the annual target of 12.6 percent and maintained carbon neutrality for the fifth consecutive year.

Additionally, the Company has sourced 76 percent of its electricity from renewables, well ahead of the 2025 target of 50 percent. 

Water stewardship remained a core focus of ReNew’s sustainability strategy, and with a target to be water-positive by 2030, the company saved over 540 million litres of water, which is an increase of 50 percent from last year. 

The report also highlights key milestones in ReNew’s efforts to enhance sustainability throughout its operations and value chain. It includes the company’s first Life Cycle Assessment (LCA) and verified Environmental Product Declaration (EPD) published with the International EPD System for its solar PV modules.

Additionally, ReNew has achieved 100 percent ESG assessment of its critical suppliers, reaffirming its commitment to a responsible and transparent supply chain.

Cementing its position as a leading clean energy player, ReNew in FY25 generated over 22 billion kWh of clean energy, meeting 2 percent of India’s electricity demand, equivalent to powering nearly 6 million households. The Company also achieved a commissioned clean energy portfolio of 10.7 GW in the last fiscal, with profits reaching INR 4.6 billion.

Vaishali Nigam Sinha, Co-Founder and Chairperson - Sustainability, ReNew, said, “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, driven by the conviction that clean energy can power not just progress, but purpose. This Integrated Report captures how we are integrating sustainability into the way we think, build, and grow. In a world facing accelerating climate and equity challenges, companies like ours must lead with clarity and conviction. This is our blueprint for doing just that. It captures how we’re moving forward: with clarity, accountability, and a long-term view.”

Across diversity and inclusion, the company has achieved a 16 percent gender diversity rate, double that of four years ago. Women now hold 40% of its board positions, 12 percent of STEM roles, and 17 percent of management positions. The company also impacted over 1.7 million lives through its social impact initiatives.

ReNew’s Second Annual Integrated Report for FY 2024-25 follows the IIRC framework under the IFRS Foundation. It also references the GRI Standards 2021, UN SDGs, SASB, UNGC, UN WEPs, IFC Standards, Equator Principles, IFRS S2 (erstwhile TCFD), and TNFD. The Double Materiality approach is based on EFRAG under CSRD and aligns with IFRS standards. For the first time, ReNew has voluntarily mapped the BRSR, becoming one of the few Indian companies to do so.