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Pledge, announced at COP 27 on November 8, is part of its commitment to 1t.org, the World Economic Forum’s trillion trees initiative.
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ReNew is among the first in its category from India to do so
Gurugram, India : ReNew Power, one of India’s leading renewable energy companies, will plant and grow one million trees by 2030 as part of its commitment to 1t.org, which is part of the World Economic Forum’s efforts to accelerate nature-based solutions and was set up to support the UN Decade on Ecosystem Restoration.
The pledge was announced by Vaishali Nigam Sinha, Chief Sustainability Officer, ReNew Power, during the ongoing COP 27 Climate Change Conference at Sharm el-Sheikh, Egypt. ReNew, a member of the 1t.org Corporate Alliance and the 1t.org India Platform is one of the first companies in its category from India to have submitted the 1t.org pledge, contributing to its ambitious global effort.
ReNew Power is dedicated to preserving and conserving trees. Earlier this year, on World Environment Day, ReNew announced a target of planting 100,000 trees across 70 of its operational facilities in India by 2025, as part of its ESG targets. This commitment has now been scaled up with the pledge to 1t.org. This promise will go a long way towards contributing to India’s goal of expanding its forest cover to 33% by 2030. Such initiatives are important because human activities have led to the loss of millions of hectares of forests globally over the past few decades. Even today, about 10 million hectares of trees are cut down every year.
Sumant Sinha, Chairman and CEO, ReNew Power, said: “As an organisation pushing for a carbon-free world, we want to lead by example. It’s time to implement the commitments we have set for the greater good of the planet before we create more targets. The first and most basic step is to understand the key elements affecting climate change, one of which is deforestation and lack of green landmass. As a member of 1t.org, ReNew Power is proud to contribute to its goals of restoring and growing trees. With our commitment to plant a million trees by 2030, we will also be working towards meeting India’s green goals.”
Vaishali Nigam Sinha, Chief Sustainability Officer, said: “The transition to clean energy is a massive task to accomplish. Climate change is more prevalent today than it ever was, and collective action needs to be taken right now to combat the crisis that is upon us all. While companies work on transitioning operations to renewable or clean energy, it is also important to take additional steps to overcome this crisis – such as investing in the restoration of trees.”
About ReNew Power:
ReNew is one of the largest renewable energy Independent Power Producers in India and globally. ReNew develops, builds, owns, and operates utility-scale wind and solar energy projects, hydro projects, and distributed solar energy projects. As of August 18, 2022, ReNew had a gross total portfolio of ~13.2 GWs of renewable energy projects across India, including commissioned and committed projects.
