1. Home
  2. Focused Initiatives
  3. Joining forces responsibly with our suppliers

Joining forces responsibly with our suppliers

About The Initiative

ReNew has taken a comprehensive approach to integrating sustainability into its value chain by engaging its suppliers and service providers in the organization's sustainability efforts. The company's commitment to the UN Global Compact 10 Principles has driven this endeavour. In addition, ReNew adopted an ESG policy that emphasizes supply chain management as a focus area.


To de-risk its supply chain of environmental and social hazards, ReNew assessed its supply chain management from an ESG perspective. This assessment helped ReNew develop a roadmap to strengthen its supply chain management, and in the first phase of rollout, suppliers were required to respond to a supplier assessment questionnaire addressing ESG concerns. The questionnaires were evaluated against a Vendor Rating Framework that accounts for specific ESG parameters, issues, and concerns.


In 2021-22, ReNew undertook a benchmarking exercise to compare its supply chain practices with those of its peers and international ESG frameworks and guidelines such as the UN Global Compact, OECD guidelines, ILO’s fundamental principles, and Rights At Work. This exercise led to the development and rollout of a Sustainable Supplier Code of Conduct that all suppliers and service providers are expected to sign. The Code of Conduct is part of all subsequent long-term contractual agreements and work orders.


Outcome

Through these efforts, ReNew has demonstrated its commitment to creating a sustainable supply chain and engaging its suppliers and service providers in its sustainability efforts. This approach not only helps to de-risk the supply chain but also creates a positive impact on the environment and society while enhancing the company's reputation and competitive edge.

Related Initiatives

Water conservation for communities through traditional methods Water conservation for communities through traditional methods

Water conservation for communities through traditional methods

With depleting groundwater levels and changes in rainfall patterns over the year, there has been a growing need to conserve water and prevent run-offs especially in the arid and...

Read More
Creating a sustainable workplace: ReNew.Hub Creating a sustainable workplace: ReNew.Hub

Creating a sustainable workplace: ReNew.Hub

ReNew is a sustainable energy company that is dedicated to reducing its environmental impact and creating a sustainable workplace. The company corporate office in Gurugram has received LEED Gold certification..

Read More
Use of Digital Analytics for Condition-based cleaning Use of Digital Analytics for Condition-based cleaning

Use of Digital Analytics for Condition-based cleaning

ReNew has identified module cleaning as one of the major operational activities at its solar PV plants. The conventional time-based cleaning approach was inefficient..

Read More
Enquiry
Urji Calculator-ReNew Urji Calculator