REC Limited

REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power, has demonstrated a strong commitment to environmental sustainability through various initiatives:

  1. Climate Risk Management
  • REC aims to lead India’s transition to a low-carbon economy.
  • 533% YoY growth in renewable energy project financing, increasing its share of clean energy loans to 30% by 2030.
  • Implementing energy-efficient technologies and renewable energy projects to lower emissions.
  1. Energy & Emissions Management
  • REC is committed to carbon neutrality and reducing its environmental impact.
  • 42% of electricity consumption in FY 2023-24 came from renewable sources (up from 39% in FY 2022-23).
  • Energy intensity per INR crore turnover reduced by 3.81%.
  • Scope 1 emissions (direct operations) increased due to fleet expansion and HVAC refrigerant refills.
  • Scope 2 emissions (indirect emissions from purchased electricity) increased due to business expansion.
  • Scope 3 emissions (indirect value chain emissions) increased due to employee commuting and business travel.
  1. Renewable Energy & Electric Vehicles
  • Installed a 979 kWp rooftop solar plant at its corporate office, reducing dependence on fossil fuels.
  • Plans to expand Power Purchase Agreements (PPAs) for renewable energy procurement.
  • Introduced 6 EVs for senior officials and tendered 44 more for a full transition.
  • Installed multiple EV charging stations at key offices.
  1. Water Management
  • REC’s corporate office is a zero-water discharge facility.
  • Rainwater harvesting system with a 7,500 KL annual capacity.
  • Wastewater from RO systems, solar cleaning, toilets, and floor washing is recycled for HVAC and landscaping.
  • 38,121 KL water consumption in FY 2023-24 (up from 33,634 KL in FY 2022-23).
  1. Waste Management
  • Generated 35.53 tonnes of waste, primarily from paper and electronic waste.
  • Transitioning to paperless workflows to reduce waste.
  • Partnering with authorized recyclers for sustainable waste disposal.
  • Plans to phase out single-use plastic bottles across offices by 2024.
  1. Biodiversity & Sustainable Operations
  • No operations in ecologically sensitive areas.
  • Prioritizing sustainable sourcing and incorporating green spaces in office landscapes.
  • Established a biodiversity and wildlife conservation lab in Kashmir & Ladakh.
  1. Green Finance & ESG Integration
  • Green finance portfolio grew 533% YoY.
  • REC’s Green Finance Framework supports solar, wind, hydropower, electric vehicles, energy efficiency, and pollution control projects.
  • Excluded from financing: coal, fossil fuels, nuclear power, and landfill projects.
  • Green Bonds issued under Climate Bonds Standard 3.0 and verified by KPMG & Climate Bonds Initiative.
  • ESG considerations are integrated into lending decisions to ensure sustainable investments.

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REC Limited
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