REC Limited, a Maharatna CPSE under the Ministry of Power, has secured a leadership position in the latest NSE ESG Ratings with an impressive ESG score of 80. This top ranking reflects REC’s sustained commitment over the past three years to integrating Environmental, Social and Governance principles into its core business operations.
The achievement follows a series of strategic initiatives guided by the REC Board, starting with the adoption of the company’s first ESG policy three years ago.
CMD REC, Jitendra Srivastava, said the milestone validates REC’s long-term approach — from policy formulation and Net-Zero planning to improved disclosures aligned with the GRI framework. He said the accomplishment demonstrates REC’s strong support for the Government of India’s Panchamrit climate goals and reinforces that responsible business practices remain central to its growth.
Key actions that drove this achievement include:
- Strategic Planning and Oversight: Systematically mapping all ESG actionables, benchmarking against best practices and engagement with international forums i.e., Climate Disclosure Project (CDP), S&P CSA, MSCI etc..
- Net-Zero Pathway: Working towards development of a detailed action plan and pathway towards Net-Zero for REC.
- Operational ESG Excellence: Achieving 100% green power and Zero discharge building for REC Corporate Office, Major Office Fleet conversion to EV etc. Awarded as GRIHA 5 rated building for REC Corporate Office. Enhanced HR policies and well being measures including mandatory training on Human Rights, Ethics, Health & Safety, Cyber Security, MCA’s NGRBC Principles.
- Enhanced Disclosure Standards: Enhanced disclosures in the Business Responsibility and Sustainability Report (BRSR) and publishing of its 2nd GRI referenced ESG Report for FY 2024-25.
- Strong Leadership and Culture: The Senior Management’s exceptional and continuous support in promoting a deep-rooted ESG culture across the organization.
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