REC Limited has been bestowed with the prestigious SKOCH ESG Award 2024 in the category of ‘Renewable Energy Financing‘. This accolade underscores REC’s dedication to sustainable financing, which plays a significant role in fostering a greener future and expediting the transition to renewable energy sources. The award was received by T S C Bosh, Executive Director of REC Limited, at a ceremony held in New Delhi.
As a key player in India’s clean energy transition, REC has significantly contributed to the nation’s sustainable development goals. Through various initiatives and achievements, REC has committed to numerous sustainable projects and signed various MOUs for green projects.
In addition, REC Limited has engaged in meaningful dialogues with developers across diverse sectors such as solar, wind, Pumped Storage Projects, E-mobility, RE manufacturing, green ammonia, green hydrogen, and battery storage.
Looking ahead, REC envisions a significant expansion of its renewable energy portfolio. Projections indicate a tenfold increase in its present value, reaching over Rs. 3 lakh crores by 2030, which would constitute approximately 30% of its Assets Under Management.
The SKOCH ESG Awards recognize organizations that demonstrate outstanding performance in Environmental, Social, and Governance (ESG) practices. The SKOCH ESG Award and Assessment serve as an important benchmark for evaluating organizations’ commitment to India 2047. It focuses on the interplay between sustainable investments and processes in shaping a sustainable and growing business future.
REC Limited is a Maharatna Central Public Sector Enterprise under the Ministry of Power.
