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| Overall Assessment |
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Limited
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ReNew Energy Global PLC articulates a clear public commitment to align its engagement activities with the goals of the Paris Agreement, noting that it “is a very strong proponent of all activities being in line with the Paris Goals” and answering “Yes” when asked if it has a position statement to conduct its engagement in line with those goals. The company’s ESG governance structure, led by the Chief Sustainability Officer and overseen by the Board—where “the Board will be apprised of the ESG and sustainability performance by the Chief Sustainability Officer at least once in a financial year”—and a dedicated Sustainability Committee, provides broad oversight of environmental and social performance. Additionally, ReNew states that “Policy advocacy and thought leadership: ReNew representatives will continue to engage with relevant stakeholders to positively influence and participate in policy advocacy and thought leadership related activities,” highlighting its intent to influence policy. However, the company does not disclose any specific policy, process, or review mechanism dedicated to governing lobbying activities—direct or indirect—nor does it identify how trade association engagements are managed or aligned, and we found no evidence that the Board or any individual formally reviews or approves lobbying positions. This indicates that while ReNew has an overarching climate strategy and ESG oversight, it lacks a transparent framework to ensure its policy advocacy or lobbying is systematically governed or held accountable to its climate commitments.
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D
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| Overall Assessment |
Analysis |
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Strong
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ReNew Energy Global PLC provides a high level of insight into its climate-policy advocacy. It names two concrete Indian regulations it engaged on—the “Central Electricity Regulatory Commission (Connectivity and General Network Access to the inter-State Transmission System) Regulations, 2022” and the “Central Electricity Regulatory Commission (Terms and Conditions for Renewable Energy Certificates for Renewable Energy Generation) Regulations, 2022”—and specifies that these were the focus of its recent lobbying. The company explains how it lobbied, stating that it “actively contributed inputs to the drafting” of the regulations, “shared our observations and recommendations during the initial stages of the policy formulation and when it was open for public consultation,” and “pursued policymakers for the inclusion of hydro and storage” in the certificate scheme, while also channeling its views through industry bodies such as CII and FICCI; the primary target, the Central Electricity Regulatory Commission, is explicitly identified. ReNew is equally clear about what it wanted to achieve, seeking the addition of hydro, storage and Battery Energy Storage Systems to the list of technologies eligible for renewable energy certificates and calling for “greater clarity as part of the policy implementation” on renewable-energy waivers. By disclosing the specific regulations, the mechanisms and channels used, the government body addressed, and at least three concrete policy outcomes it advocated, the company demonstrates strong transparency around its climate-related lobbying activities.
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B
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