REC wins the SKOCH ESG Award

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New Delhi: REC Limited, a Maharatna CPSE under the Ministry of Power and a prominent NBFC, has received the SKOCH ESG Award 2024 in the ‘Renewable Energy Financing’ Category. The award highlights REC’s dedication to sustainable financing, which is driving progress toward a brighter future. Shri T.S.C. Bosh, Executive Director of REC Limited, received the award in New Delhi.

This award recognizes REC’s commitment to sustainable financing, laying the way for a better future, and hastening the transition to renewable energy. REC has emerged as a key actor in India’s renewable energy transition, actively contributing to the country’s sustainable future. Through various initiatives and successes, REC has committed to numerous sustainable projects.

Furthermore, REC has held one-on-one meetings with developers of green projects in sectors such as solar, wind, PSPs, e-mobility, RE manufacturing, green ammonia/hydrogen, and battery storage. Looking ahead, REC expects its renewable energy portfolio to increase to 10 times its present value by 2030, accounting for more than Rs. 3 lakh crore, or around 30% of its AUM.

The SKOCH ESG Awards recognize organizations that excel at environmental, social, and governance (ESG) practices. The SKOCH ESG Award and Assessment is a significant tool for assessing firms’ commitment to India 2047. It focuses on how sustainable investments and procedures interact to form a long-term, thriving corporate future.

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