REC wins SKOCH ESG Award 2024
The award underscores REC's dedication to sustainable financing, paving the way for a greener future and accelerating the transition to renewable energy.
![REC wins SKOCH ESG Award 2024](https://www.psuconnect.in/sdsdsd/REC_wins_SKOCH_ESG_Award_2024.jpg)
New Delhi: REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power and a leading NBFC has been bestowed with the SKOCH ESG Award 2024 in the 'Renewable Energy Financing' category.
The award underscores REC's dedication to sustainable financing, paving the way for a greener future and accelerating the transition to renewable energy. Executive Director, REC Limited, Shri T.S.C. Bosh received the award in New Delhi.
Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoYThe SKOCH ESG Awards recognize organizations that participate in outstanding performance in Environmental, Social, and Governance (ESG) practices. The SKOCH ESG Award and Assessment serve as an important benchmark for evaluating organizations' commitment to India 2047. It focuses 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. Implementing various initiatives and achievements, REC has committed to numerous sustainable projects and signed various MOUs for green projects.
Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail depositsLooking forward, REC anticipates a significant expansion in its renewable energy portfolio, with projections indicating growth to 10 times its present value, reaching more than Rs. 3 lakh crores by 2030, representing approximately 30% of its Assets Under Management.
Read Also : India assumes the Chair of Asian Disaster Preparedness CentreNews Must Read
- Karnataka Bank Announced record Q1 Net Profit at Rs. 400.33 CR
- NTPC, BHEL shares soar higher amid JV announcement in Budget 2024
- BEL signs tripartite MoU for manufacture of indigenised ammunition
- Goa Shipyard Limited launched first indigenous P1135.6 Frigate
- Chandan Sinha appointed as Non-Executive Part Time Chairman of RBL Bank
- OIL and Dolphin Drilling signs contract for hiring of Blackford Dolphin
- Cmde D.K. Murali, IN (Retd.) Joins as CMD of BECIL
- Samir Chandra Saxena Appointed as Director (Market Operation) of GRID-INDIA
- MOIL CMD bags Title 'CEO of the Year'
- ONGC sign MoU with GSI to advance geothermal exploration in Ladakh