SKOCH ESG Award 2024 | 02 Apr 2024

REC Limited won the SKOCH ESG Award 2024 for 'Renewable Energy Financing'.

REC (formerly Rural Electrification Corporation Limited) is a 'Maharatna' Central Public Sector Enterprise under the Ministry of Power, and is registered with the RBI as a Non-Banking Finance Company (NBFC), and Infrastructure Financing Company (IFC).
- REC funds both power and non-power infrastructure, encompassing a wide range from generation to transportation and communication projects, along with sectors including renewables, electric vehicles, and green technologies.
The SKOCH ESG Awards recognise organisations demonstrating outstanding performance in Environmental, Social, and Governance (ESG) practices.
- The Award and Assessment are a crucial benchmark for assessing organisations' dedication to India 2047 by emphasising the link between sustainable investments and processes for a sustainable business future.
  - SKOCH Group is a prominent Indian think tank established in 1997, that specialises in socio-economic issues engaging with a wide range of entities from Fortune 500 companies to community-based organizations.