New Delhi: REC Limited achieved leadership position in the latest ESG Ratings of Companies by NSE ESG Ratings, achieving an outstanding ESG score of 80.
REC attributes this success to a series of strategic and foundational steps taken under the guidance of the REC Board of Directors, beginning with the coining of its first-ever Environmental, Social and Governance (ESG) Policy three years ago.
Key actions that drove this achievement include:
1. 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..
2. Net-Zero Pathway: Working towards development of a detailed action plan and pathway towards Net-Zero for REC.
3. 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.
4. 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 .
5. Strong Leadership and Culture: The Senior Management’s exceptional and continuous support in promoting a deep-rooted ESG culture across the organization.