- Climate change related physical and transition risks impacting borrowers' financial performance and increasing credit risk
- Reputational risk from failing to meet stakeholder expectations on climate-related disclosures
REC Limited
Greenhouse gas emissions & sustainability report data
In its 2023-04 to 2024-03 reporting, REC Limited disclosed greenhouse gas emissions of 1.6K tCO2e (Scope 2) + 555.37 tCO2e (Scope 1) + 2704.35 tCO2e (Scope 3). By scope: Scope 1: 555.37 tCO2e; Scope 2: 1.6K tCO2e; Scope 3: 2.7K tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
1.6K tCO2e (Scope 2) + 555.37 tCO2e (Scope 1) + 2704.35 tCO2e (Scope 3)
2023-04 to 2024-03
Renewable Energy
39%
of total energy
Water Usage
38.1K kilolitres
2023-04 to 2024-03
Waste
35.53 tonnes
2023-04 to 2024-03
Energy Use
7.9K GJ
2023-04 to 2024-03
📊 Emissions by Scope (2023-04 to 2024-03)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 555.37 tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.6K tCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 2.7K tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023-04 to 2024-03 | 1.6K tCO2e (Scope 2) + 555.37 tCO2e (Scope 1) + 2704.35 tCO2e (Scope 3) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 3.81% reduction in Energy Intensity per crore of turnover compared to the previous year
- 39% of total electricity consumption from renewable sources in FY 2023-24
- Installation of a 979 kWp rooftop solar plant at the corporate office and a 40 kWp rooftop solar plant at RECIPMT
- Introduction of 6 electric vehicles for senior management
- Tender issued for leasing an additional 44 electric vehicles
🎯 Climate & Sustainability Targets
📅 Medium-term
- Increase clean energy portfolio share to 30% of loan book by FY 2030
🌱 ESG Focus Areas
Climate Risk ManagementEnergy and Emissions ManagementWater ManagementWaste ManagementBiodiversityGreen FinanceESG Integration in LendingSocial DevelopmentSustainable Supply ChainData privacyCorporate Governance and Business Ethics