SKOCH ESG Award 2024:
REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power and a leading Non-Banking Finance Company (NBFC) has been awarded the prestigious SKOCH ESG Award 2024 in the ‘Renewable Energy Financing’ category.
- The award recognizes REC’s commitment to sustainable financing, facilitating India’s transition to renewable energy and a greener future.
- The SKOCH ESG Awards recognize organizations that demonstrate outstanding performance in Environmental, Social, and Governance (ESG) practices.
- The award serves as a benchmark for evaluating organizations’ commitment to India’s vision for 2047, focusing on the interplay between sustainable investments and processes in shaping a sustainable and growing business future.
- REC has emerged as a significant player in India’s clean energy transition, actively contributing to the nation’s sustainable future.
- The company has committed to numerous sustainable projects and signed various Memoranda of Understanding (MOUs) for green projects.
- REC has also engaged in one-on-one discussions with developers of green projects across sectors such as solar, wind, Pumped Storage Projects, E-mobility, RE manufacturing, green ammonia and green hydrogen, and battery storage.
