Convener News Desk
New Delhi, Dec 11: REC Limited, a Maharatna CPSE and one of India’s leading non-banking financial institutions under the Ministry of Power, has secured the highest ESG score among financial institutions in the latest NSE ESG Ratings, achieving an impressive score of 80. The recognition marks a major milestone for REC and highlights its sustained efforts over the past three years to integrate Environmental, Social and Governance (ESG) principles across all levels of its operations.
The company said the top ranking reflects a series of strategic decisions undertaken by the REC Board since the introduction of its first ESG Policy three years ago. This long-term roadmap has included extensive benchmarking against global standards, participation in international sustainability platforms such as the Climate Disclosure Project (CDP), the S&P Corporate Sustainability Assessment, and MSCI assessments, as well as systematic mapping of internal ESG targets.
A significant part of REC’s journey has been its work toward a detailed Net-Zero pathway, currently under development as part of its medium- and long-term climate commitments. The organisation has also implemented major operational improvements, including achieving 100% green power usage, operating a zero-discharge corporate office, and transitioning much of its official vehicle fleet to electric vehicles. REC’s corporate headquarters has also been awarded a GRIHA 5 rating, recognising it as a high-performing green building.
On the social and governance fronts, REC has expanded employee welfare and HR initiatives, including compulsory training on Human Rights, Ethics, Health & Safety, Cybersecurity, and MCA’s National Guidelines on Responsible Business Conduct (NGRBC). The company has also significantly strengthened its public disclosures through enhanced reporting in its Business Responsibility and Sustainability Report (BRSR) and the release of its second GRI-referenced ESG Report for FY 2024–25.
CMD, REC, Shri Jitendra Srivastava, said the top ESG rating reaffirms the company’s strategic direction and long-term commitment to sustainability. “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. The recognition highlights our commitment to advancing the Government of India’s ambitious Panchamrit goals and demonstrates that responsible business practices are central to our success,” he said.
REC noted that the achievement was made possible through sustained leadership focus and the cultivation of a strong ESG-centric culture across the organisation.
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