ReNew Chairman and CEO Sumant Sinha to Lead Global Climate Action as Alliance Co-Chair
15 Julio 2024 - 8:06AM
Business Wire
Sinha’s leadership of the largest CEO-led
climate alliance worldwide will bring significant experience to the
community committed to raising bold climate ambition by doubling
down on Scope 3 emissions decarbonization and policy engagement for
a low-carbon regulatory environment
Mr. Sumant Sinha, Chairman and CEO of ReNew, has been named
Co-Chair of the Alliance of CEO Climate Leaders, the largest
CEO-led climate alliance in the world, and a flagship initiative of
the World Economic Forum. Sinha joins a group of influential
leaders from top global companies - Ester Baiget, CEO of Novonesis;
Jesper Brodin, CEO of Ingka Group Ikea; Feike Sybesma, Chairman of
the Supervisory Board of Royal Philips; and Rich Lesser, Global
Chair of BCG and Alliance Chief Advisor. Together, they will work
closely with a cohort of 130-member CEOs across 12 Industries on
driving strategic priorities of the Alliance. Collectively, this
group represents $4 Trillion in revenues and 5.2 GT of carbon
emissions, equivalent to 10 percent of global emissions across all
scopes.
As a member of the Alliance since 2019, ReNew is recognized for
its commitment to net-zero targets and innovative decarbonization
solutions. It is one of the few organisations in its sector to have
declared a 1.5°C-aligned science-based target validated by the
Science Based Targets initiative (SBTi), with a target to be net
zero by 2040.
Mr. Sinha said, “The Alliance of CEO Climate Leaders has
been instrumental in driving systemic action and fostering
public-private collaboration in the global energy transition. I
look forward to engaging with a group of talented co-chairs and
global CEOs committed to delivering tangible climate solutions and
innovations across geographies and businesses.”
ReNew is dedicated to accelerating the net-zero transition and
has mitigated over 21 million tons of carbon emissions over the
past two years. With an overall portfolio of 21.4 GW (contracted
and in pipeline), ReNew’s leadership across the value chain
positions the company uniquely as a global energy transition
leader. The company has been pioneering a spectrum of
decarbonization solutions, including innovative Power Purchase
Agreements (PPAs), solar module manufacturing, carbon markets,
power trading, and energy storage. These initiatives support
enterprises in transitioning towards net-zero emission goals.
Since the World Economic Forum’s Annual Meeting in 2022, Sumant
Sinha has also served as Co-Chair of the India chapter of the
Alliance of CEO Climate Leaders.
Gim Huay Neo, Managing Director of the World Economic
Forum, commented, “The Alliance of CEO Climate Leaders is vital
in scaling and accelerating climate action. We are thrilled that
Sumant has agreed to lead the Alliance as Co-Chair. His extensive
experience as Founder, Chairman, and CEO of ReNew, along with his
insights into energy transition in emerging and developing
economies, will be invaluable. My team and I look forward to
collaborating with him to amplify the Alliance’s positive impact
globally.”
Sinha is a global entrepreneur and a recognized thought leader.
He is a founding member of the Forum’s First Movers Coalition and
currently serves as Board Chair of the Rocky Mountain Institute
(RMI).
About ReNew
ReNew is a leading decarbonization solutions company listed on
Nasdaq (Nasdaq: RNW, RNWWW). ReNew's clean energy contracted
portfolio of ~15.6 GW on a gross basis as of May 31, 2024, is one
of the largest globally. In addition to being a major independent
power producer in India, we provide end-to-end solutions in a just
and inclusive manner in the areas of clean energy, value-added
energy offerings through digitalization, storage, and carbon
markets that increasingly are integral to addressing climate
change. For more information, visit renew.com and follow us on
LinkedIn, Facebook, Twitter and Instagram.
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version on businesswire.com: https://www.businesswire.com/news/home/20240715471851/en/
Press Enquiries Shilpa Narani Shilpa.narani@renew.com
Investor Enquiries Nathan Judge, Nitin Vaid
ir@renew.com
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