New Delhi: REC Limited, a leading NBFC and Maharatna CPSE under the Ministry of Power, has secured the highest ESG rating among financial institutions in the latest NSE ESG Rankings. With an impressive ESG score of 80, the company has emerged as a sector leader, demonstrating its strong commitment to Environmental, Social, and Governance principles across its operations.
A Structured Multi-Year ESG Journey
According to REC, the top-tier rating is the result of a structured, multi-year ESG initiative driven by the company’s Board of Directors. The journey began with REC’s first-ever ESG Policy, introduced three years ago. Since then, the company has implemented transformative initiatives that strengthened its ESG framework and elevated its sustainability performance.
Key measures include:
- Comprehensive strategic planning and oversight mechanisms
- Detailed mapping of ESG action points
- Benchmarking against global best practices
Active engagement with leading international ESG platforms such as CDP, S&P CSA, and MSCI
Read also: REC Limited Sanctions ₹3.60 Crore for Mobile Medical Units to Boost Rural Healthcare in Tripura
Operational Excellence in Sustainability
REC Limited has taken significant steps to integrate sustainability into day-to-day operations –
- Achieved 100% green power usage at corporate offices
- Developed a Zero Discharge building with GRIHA 5 rating
- Converted major office fleet to electric vehicles
- Strengthened HR, safety, ethics, and human rights policies
Enhanced transparency through BRSR disclosures and publication of its second GRI-referenced ESG Report for FY 2024–25
Additionally, the company is working on a detailed Net-Zero pathway, outlining long-term emission reduction strategies to align with India’s sustainable development goals.
Leadership Statement
CMD Jitendra Srivastava highlighted the significance of this recognition:
“This milestone affirms our strategic direction—from the inception of our ESG policies and Net-Zero planning to enhanced disclosures within the GRI framework. This achievement underscores our steadfast dedication to advancing the Government of India’s Panchamrit goals, demonstrating that responsible business practices are integral to our success.”
The recognition places REC Limited at the forefront of sustainable finance in India, setting a benchmark for other financial institutions navigating the evolving ESG landscape.
About REC Limited
REC Limited is a prominent public sector undertaking under the Ministry of Power, Government of India, headquartered at Core-4, SCOPE Complex, New Delhi, with its corporate office in Gurugram, Haryana. The company plays a crucial role in financing and supporting India’s renewable energy and power infrastructure projects, contributing significantly to the nation’s energy security and sustainable development goals.
