SUSTAINABILITY

Vaishali Nigam Sinha Co-Founder ReNew

This partnership helps us scale solutions that reduce emissions, strengthen energy security and support India’ s industrial growth in a way that is both sustainable and inclusive.”

What’ s special about ReNew’ s model? ReNew’ s net zero target – which it aims to reach by 2040 and is validated by the Science Based Targets initiative – is another layer of the company’ s financing story. It gives investors a clearer sense of how the business is positioning itself over the long term. On top of her role as Co-Founder, Vaishali also chairs ReNew’ s sustainability function and its charitable foundation alongside serving as President of the UN Global Compact Network India. As well as underpinning the goals and values of ReNew, this approach reinforces the company’ s governance-led identity, which matters in a sector where capital providers want both growth and credibility.

ReNew is a shining example of how renewable energy becomes financeable when it is treated as an infrastructure business with scale, governance and a clear capital model, rather than a nice to have.“ We were very clear that we wanted to do good business, but also in a good way, a clean energy business done in a clean way, with good governance, good community engagement and community values,” Vaishali says. With all this considered and after setting up programmes to help bring more skilled workers – namely women – into the industry, Vaishali feels as though ReNew and the climate movement will be in safe hands for years to come.“ When you hire young people from top institutions in India, it’ s really not only about money and wanting to be in the largest hedge fund,” she concludes.“ People genuinely care about companies doing good business. That’ s the good news.” financechief. com

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