Team News Riveting
New Delhi, December 11
REC Limited, a leading NBFC and a Maharatna CPSE under the Ministry of Power, is proud to announce leadership position in the latest ESG Ratings of Companies by NSE ESG Ratings, achieving an outstanding ESG score of 80.
The top-ranking is a direct reflection of the company’s comprehensive and sustained commitment to embedding Environmental, Social and Governance principles into its core operations over the past three years.
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 ESG Policy three years ago.
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.
Jitendra Srivastava, CMD, REC, commented, “This milestone affirms our strategic direction—from the inception of our policies and Net-Zero planning to the enhancement of our disclosures within the GRI framework. This achievement significantly underscores our steadfast dedication to advancing the Government of India’s ambitious Panchamrit goals, demonstrating that responsible business practices are integral to our success.”
