New Delhi, Dec 11 REC Limited, a leading NBFC and Maharatna CPSE under the Ministry of Power, has secured a leadership position in the latest ESG Ratings of Companies released by NSE ESG Ratings, earning an impressive ESG score of 80. This top-tier ranking underscores REC’s sustained commitment to integrating Environmental, Social and Governance (ESG) principles into its operations over the past three years.
The company credits this achievement to a series of strategic, systematic and governance-led initiatives guided by its Board of Directors, beginning with the formulation of REC’s first ESG Policy three years ago.
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.”
Key initiatives that contributed to REC’s top performance include:
- Strategic Planning & Oversight:
Comprehensive mapping of ESG action points, benchmarking against global best practices and active engagement with international platforms such as CDP, S&P CSA and MSCI. - Net-Zero Ambition:
Development of a detailed roadmap and long-term action plan for achieving Net-Zero emissions. - Operational ESG Excellence:
Achieving 100% green power usage and establishing a zero-discharge building at its Corporate Office; transitioning a major portion of its office fleet to electric vehicles; securing a GRIHA 5-star rating for the Corporate Office; and strengthening HR policies, including mandatory training on Human Rights, Ethics, Health & Safety, Cyber Security and MCA’s NGRBC principles. - Enhanced Disclosures & Transparency:
Strengthening disclosure standards through an improved Business Responsibility and Sustainability Report (BRSR) and publishing its second GRI-referenced ESG Report for FY 2024-25. - Leadership Commitment & Culture:
Continued support and direction from Senior Management, fostering a strong ESG-oriented culture throughout the organization.
With this recognition, REC Limited reinforces its position as a sustainability leader in India’s financial sector and continues to advance its mission toward responsible and future-ready growth.
