ReNew Energy Global PLC

The Environmental, Social and Governance Policy (referred as ESG Policy) is driven by ReNew's commitment to improve the environment and the communities where it operates, to foster and develop dynamic and diverse employees, in a responsible manner. ReNew's senior management team will implement the action plan guided by ESG policy and this will be overseen by the Board. [...] From an ESG governance perspective, the following would be the roles and responsibilities: Role of the Board of Directors: - The Board will be apprised of the ESG and sustainability performance by the Chief Sustainability Officer at least once in a financial year - Basis the performance, the Board may suggest specific interventions/tasks that the Sustainability Committee may take up - Annual Business Plan will also be presented to the Board for its approval by the Chief Sustainability Officer on sustainability initiatives ReNew Sustainability Committee: - The committee will be responsible for implementing ESG and related policies, strategies and programs, provide input to management, review goals for its performance and monitor progress - The Committee will be chaired by the Chief Sustainability Officer and will constitute representation from different business units based on the focus areas [...] 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.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]ReNew being a pureplay renewable energy electricity provider acknowledges climate action as the greatest priority for its business. Given this, it is a very strong proponent of all activities being in line with the Paris Goals. As a part of its strategy, it engages with all possible stakeholders across the value chain to encourage low carbon transition.

In line with its commitment to the Paris Goals, it has committed itself to SBTi in line with the 1.5°C trajectory. It has developed its climate goals for the short term and net zero and submitted the same for validation by the SBTi secretariat.

From a strategy perspective, climate plays a critical role and it continues to be imbibed in all our activities be it the ongoing operations, new businesses, or any acquisitions. With respect to ReNew's operations, it continues to explore mechanisms through which it can reduce emissions through propagating greater use of renewable electricity at its own locations, use of EVs, promoting energy efficiency, etc.

Further, ReNew's manufacturing facilities which would come up in the next financial year would be in line with the LEED ratings to proactively reduce any climate / environmental impact to the maximum extent possible.

With respect to new businesses, ReNew only looks at clean technologies such as green hydrogen. Acquisitions that have happened, have all been in the renewable energy space, be it with respect to solar units or hydropower unit.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes