ReNew pledges to be net-zero firm by 2040

ReNew Energy Global PLC has announced its environmental, social, and governance (ESG) targets including a commitment to hit net-zero by 2040 through its latest sustainability report for 2021-22.

The 2040 commitment is 30 years ahead of India’s 2070 target and more ambitious than net-zero targets of many global energy companies. It aims to reduce green house gases (GHG) emissions by 29.4 per cent across all scopes by 2027. It is also eying net-zero target of reducing GHG emissions by 90 per cent across all scopes by 2040. ReNew intends to achieve this through a comprehensive programme of measures. These include energy efficiency improvements across offices and sites, clean energy procurement, electrification of fossil-fuel-based equipment, evaluating low-carbon footprint raw materials, and exploring green logistics for transportation.