GURGAON, India, June 17, 2021 /PRNewswire/ -- The
United Nations Global Compact today recognised Sumant Sinha, Chairman & MD of ReNew Power
as one of ten 2021 SDG Pioneers.
SDG Pioneers are business leaders selected by the UN Global
Compact for doing an exceptional job to advance the Sustainable
Development Goals (SDGs) through the implementation of the UN
Global Compact Ten Principles on human rights, environment, labor,
and anti-corruption.
This year's global search focused on professionals working at
any level in a company participating in the UN Global Compact and
the winners selected come from every continent. Sumant Sinha of ReNew Power was recognised as an
SDG Pioneer of the year.
This honor comes in recognition of Sumant 's work to advance
access to clean and affordable energy (SDG 7). As the leader of
India's leading renewable energy
company, ReNew Power, Sumant has set an example by building the
core business of ReNew Power around the targets of SDG 7. Over the
last 10 years, under the helm of Sumant, ReNew Power has
demonstrated excellence in integrating SDGs into the company's core
business. This has enabled the company to identify opportunities
for creating shared value for all stakeholders. Under his able
leadership, ReNew Power has aligned its operations to the
objectives of Agenda 2030 and has forged partnerships for achieving
various SDGs, beyond just SDG 7. These partnerships include NGOs,
research institutes, philanthropic foundations, private sector
organizations and government agencies, thus working towards the
targets of SDG 17 (Partnerships for the goals). ReNew Power has
been a strong advocate of promoting an inclusive work force
within the company and India Inc. and is also working towards women
empowerment in rural India through
the ReNew Women India initiative, in line with SDG 5. ReNew
Power has been a participant in the UN Global Compact since
2016.
ReNew Power will continue to focus on its sustainability efforts
in line with global commitments. As signatories of "Race to
Zero" and "Terra Carta", ReNew is
committed to reducing emissions and creating a sustainable future
by adopting Science Based targets.
"Business has a critical role to play in achieving the
Sustainable Development Goals at a time when progress has been set
back by the Covid-19 pandemic. These ten exceptional professionals
show exactly what can be done by business to make a difference that
not only serves shareholders but also society at large. I hope our
ten 2021 SDG Pioneers will also inspire others to join them in
uniting business for a better world," said Sanda Ojiambo, CEO & Executive Director of
the UN Global Compact.
The SDG Pioneer entries were judged by an expert panel composed
of previous SDG Pioneers and representatives from the UN Global
Compact Expert Network, academia, and UN agencies. The selection
criteria included the individuals' commitment to embedding the Ten
Principles of the UN Global Compact into their companies' core
strategies, their efforts to advance the SDGs, as well as their
engagement with the UN Global Compact and its Local Networks. The
2021 SDG Pioneers were announced during the UN Global Compact
Leaders Summit 2021 on 16 June.
Sumant founded ReNew Power in January
2011, with a vision to transform the way energy is produced
and consumed in India. Since then,
under his leadership, the company has grown exponentially and is
today one of India's premier
renewable energy companies with an aggregate portfolio of around 10
GW spread over more than 100 sites. It now generates one per
cent of India's total electricity
annually, and in doing so helps mitigate half a per cent of
India's carbon emissions in a
year. Sumant is a passionate advocate for solutions related to
climate change and sustainable development. His recent book –
Fossil Free: Reimagining Clean Energy in a Carbon-Constrained
World talks about the past, present and future of the
world's energy systems in the context of the world's changing
climate and spells out a playbook to create a carbon light future
for India. Former Vice President
Al Gore describes the book as "a
compelling roadmap to a better, cleaner future for India—and other
developing regions of the world".
Commenting on the recognition, Sumant
Sinha, Chairman and MD of ReNew Power said, "I
would like to thank UNGC for this incredible honour. The role of
the private sector in helping achieve the targets of the 17 UN
Sustainable Development Goals is becoming increasingly critical.
Let us hope businesses can gear themselves towards sustainability
and climate change mitigation, and most importantly collaborate
towards a sustainable, inclusive, and climate-resilient future. A
green recovery is of paramount importance in the post-pandemic
planet, and we must ensure that this recovery is accelerated
through partnerships!"
For more information about the UN Global Compact, please visit
www.unglobalcompact.org
About ReNew Power: ReNew Power is India's leading renewable energy independent
power producer by capacity and is the 13th largest global renewable
IPP by operational capacity. ReNew develops, builds, owns, and
operates utility-scale wind energy projects, utility-scale solar
energy projects, utility-scale firm power projects and distributed
solar energy projects. As of March 31,
2021, ReNew Power had a total capacity of close to 10 GW of
wind and solar energy projects across India, including commissioned and committed
projects. ReNew has a strong track record of organic and inorganic
growth. ReNew's current group of stockholders contain several
marquee investors including Goldman Sachs, CPP Investments, Abu
Dhabi Investment Authority, GEF SACEF and JERA.
As previously announced, ReNew has entered into definitive
agreement for a business combination with RMG Acquisition
Corporation II (NASDAQ: RMGB), a publicly traded special
purpose acquisition company (SPAC), that would result in ReNew
becoming a publicly listed company. Completion of the proposed
transaction is subject to customary closing conditions and is
expected to occur in the second quarter of 2021.
For more information, please visit:
www.renewpower.in; Follow ReNew Power on Twitter
@ReNew_Power
No Offer or Solicitation: This press release is for
informational purposes only and shall neither constitute an offer
to sell or the solicitation of an offer to buy any securities, nor
shall there be any sale of securities in any jurisdiction in which
the offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
jurisdiction.
Press Enquiries
Arijit Banerjee
arijit.banerjee@renewpower.in
+91 9811609245
Madhur Kalra
Madhur.kalra@renewpower.in
+91 9999016790
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SOURCE ReNew Power Private Limited