New Delhi: REC Limited, a Maharatna Public Sector Enterprise under the Ministry of Power and one of India’s leading non-banking financial companies (NBFCs), has been conferred the prestigious Sustainability Icons Award 2025 in recognition of its outstanding achievements in Environmental, Social, and Governance (ESG) initiatives. The award was presented by the Union Minister of State (Independent Charge) for Law & Justice at a glittering ceremony held in New Delhi.
Awanish Kumar Bharati, General Manager (Finance), accepted the award on behalf of REC Limited, marking a proud moment for the organization and reinforcing its position as a national leader in sustainable finance and responsible corporate governance.
The Sustainability Icons Award celebrates organizations that demonstrate exemplary commitment to ESG principles. REC Limited’s selection for this accolade reflects its strategic integration of sustainability into its core business operations, its proactive approach to environmental stewardship, and its dedication to social equity and transparent governance.
As a key financial catalyst in India’s power sector, REC has consistently aligned its business objectives with the country’s broader sustainability goals. The company has played a pivotal role in financing renewable energy projects, promoting energy efficiency, and supporting infrastructure development in underserved regions. Its ESG framework is designed to ensure long-term value creation while minimizing environmental impact and enhancing stakeholder engagement.
REC’s environmental initiatives include robust support for solar, wind, and hydroelectric projects, contributing significantly to India’s clean energy transition. The company has also adopted internal sustainability measures such as paperless workflows, energy-efficient office spaces, and carbon footprint reduction strategies. These efforts are complemented by its commitment to social responsibility, which includes rural electrification programs, skill development initiatives, and community outreach projects aimed at improving livelihoods and access to essential services.
On the governance front, REC has implemented transparent reporting mechanisms, rigorous compliance protocols, and ethical business practices that uphold the highest standards of accountability. Its board-level ESG oversight ensures that sustainability remains a strategic priority across all levels of decision-making.
Speaking at the ceremony, the Union Minister praised REC’s contributions to India’s sustainable development goals, stating, “REC Limited has set a benchmark in integrating ESG values into its financial and operational framework. Their efforts are not only commendable but also essential in shaping a future-ready India that balances growth with responsibility.”
Awanish Kumar Bharati expressed gratitude on behalf of REC, saying, “This award is a testament to our unwavering commitment to sustainability and responsible growth. We believe that ESG is not just a compliance requirement but a transformative lens through which we view every aspect of our business. We remain dedicated to empowering communities, protecting the environment, and upholding the highest standards of governance.”
The recognition comes at a time when ESG metrics are increasingly influencing investment decisions, stakeholder expectations, and policy frameworks. REC’s leadership in this domain positions it as a model for other public and private sector enterprises seeking to embed sustainability into their operational DNA.
With this honour, REC Limited reaffirms its role as a driving force in India’s journey toward a greener, more inclusive, and resilient economy. The Sustainability Icons Award 2025 not only celebrates past achievements but also sets the stage for future innovations in ESG-led development.
