REC Wins ‘Sustainability Champion – Editor’s Choice Award’ At Outlook Planet Sustainability Summit & Awards 2024
The event was organized by the Outlook Group in collaboration with IIT Goa
REC Limited, a Maharatna Central Public Sector Undertaking under the Ministry of Power and a leading non-banking financial company (NBFC), has been awarded the ‘Sustainability Champion – Editor’s Choice Award’ at the Outlook Planet Sustainability Summit & Awards 2024. This event, organized by the Outlook Group in collaboration with IIT Goa, acknowledges REC’s significant contributions and commitment to sustainability.
The award was accepted by Smt. Saraswathi, Senior General Manager of REC’s Mumbai Office, during a ceremony in Goa. This recognition underscores REC’s role in advancing India’s energy transition through substantial investments in renewable energy. With a current renewable energy loan portfolio of approximately ₹38,971 crores, REC aims to increase the renewables mix to 30% of its projected loan book of about ₹10 lakh crores by 2030.
The Outlook Planet Sustainability Summit & Awards is a prestigious event that brings together industry leaders, policymakers, and sustainability advocates to honor and promote sustainable practices. This year’s summit included discussions on innovative ideas and celebrated the achievements of organizations committed to sustainability.
