Indian Bureaucracy News, New Delhi, December 11, 2025 | REC Limited has been awarded a top ESG score of 80 in the latest NSE ESG Ratings, placing the Maharatna CPSE among the highest-ranked entities in environmental, social and governance performance. The recognition marks more than a corporate achievement; it reflects an institutional shift in how India’s infrastructure financiers are aligning with emerging regulatory, climate and governance expectations.
The NSE ESG Rating is issued by NSE Data & Analytics Ltd., a subsidiary of the National Stock Exchange, and evaluates companies on their environmental, social and governance performance using a structured, globally aligned methodology. A high score signals that a company has strong systems, policies and disclosures in place, and is effectively managing sustainability and governance risks. For investors, it serves as a marker of responsible and resilient business practices; for companies, it reflects their alignment with India’s evolving sustainability norms and global expectations.
As a Maharatna NBFC under the Ministry of Power, REC operates at the intersection of public finance, energy transition and national development mandates, making its ESG trajectory relevant beyond the company itself. The rating, issued by NSE ESG Ratings, highlights a series of internal reforms and process improvements undertaken over the past three years as the company worked to formalise its sustainability framework and strengthen disclosures across operations.
The company attributes its performance to steps initiated by the Board, beginning with the introduction of REC’s first ESG policy. Over time, this evolved into a more structured programme involving benchmarking against international frameworks such as the Climate Disclosure Project, S&P CSA and MSCI. The organisation has also initiated work on a Net Zero pathway and undertaken operational changes including sourcing 100 per cent green power for its corporate office, an EV fleet transition – converting much of its vehicle fleet to electric mobility and implementing a zero-discharge model at its headquarters, which holds a GRIHA 5 rating. Parallel efforts on the social and governance fronts included revised HR policies, expanded training on human rights, ethics, cybersecurity and safety, and wider alignment with the National Guidelines on Responsible Business Conduct.
Disclosure standards have been expanded through the Business Responsibility and Sustainability Report and REC’s second GRI-referenced ESG report for FY 2024-25. The management has describes these measures as part of a longer, organisation-wide shift in culture. Shri Jitendra Srivastava, CMD, REC Limited and a 2000-batch Bihar cadre IAS officer, said in response to the rating that the development “affirms our strategic direction—from the inception of our policies and Net-Zero planning to the enhancement of our disclosures within the GRI framework,” adding that the effort contributes to the Government of India’s broader Panchamrit climate objectives.
REC’s ESG ranking comes at a time when the institution plays a central role in India’s infrastructure and energy financing landscape. As a Maharatna NBFC under the Ministry of Power and an RBI-registered PFI and IFC, the company funds the entire power infrastructure chain—from generation and transmission to distribution, renewable energy, battery storage, pump storage, green hydrogen and e-mobility. Its mandate has broadened considerably in recent years to include roads, metros, airports, IT and communication systems, ports, educational institutions, hospitals and other social and commercial infrastructure.
REC continues to anchor major government programmes in the power sector, including DDUGJY, Saubhagya, the National Electricity Fund and, more recently, the Revamped Distribution Sector Scheme, for which it serves as nodal agency in several States and Union Territories. The Centre has also tasked REC with implementing the PM Surya Ghar Muft Bijli Yojana. These interventions—ranging from last-mile distribution strengthening to household electrification—have made the institution an important vector in India’s broader developmental and energy-transition strategy.
IndianBureaucracy.com wishes REC Limited and its team the very best.