REC Limited

Common Name
REC
Country
India
Sector
Financial Services
Industry
Credit Services
Employees
512
Ticker
RECLTD
Exchange
NATIONAL STOCK EXCHANGE OF INDIA
Description
Rec Ltd. is a specialized financial institution that plays a pivotal role in India's power sector. Established to provide financial assistance to power projects across the nation, Rec Ltd. primarily f...

REC's GHG Emissions Data Preview

In 2024, REC completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

REC has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into REC's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of REC amounted to 2,132.54 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2023, the total operational greenhouse gas (GHG) emissions of REC increased by 33.07%, suggesting that the company faced challenges in reducing its emissions from its core operations.

REC's Scope 1 Emissions Over Time

202320240150300450600tCO2e+97%
  • Total Scope 1
  • Year-over-Year Change

What are REC's Scope 1 emissions?

In 2024, the total Scope 1 emissions of REC were 555.37 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Compared to the previous year (2023), REC's Scope 1 emissions increased by 97%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are REC's Scope 2 emissions?

In 2024, REC reported Scope 2 greenhouse gas (GHG) emissions of 1,577.17 tCOâ‚‚e without specifying the calculation method.

Has REC reduced its Scope 2 emissions over time?

Compared to the previous year (2023), REC's Scope 2 emissions (Unspecified Calculation Method) rose by 19.43% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy

What methodology does REC use for Scope 2 reporting?

In 2024, REC reported its Scope 2 emissions using an unspecified methodology.

REC's Scope 2 Emissions Over Time

2023202404008001.2 k1.6 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into REC's Value Chain Emissions

In 2024, REC reported 5,254.78 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2024 disclosure of REC includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.

REC's Scope 3 Emissions Over Time

2023202403 k6 k9 k12 ktCO2e-49%
  • Total Scope 3
  • Year-over-Year Change

What are REC's Scope 3 emissions?

In 2024, REC reported total Scope 3 emissions of 5,254.78 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.

Compared to the previous year (2023), REC's Scope 3 emissions decreased by 48.96%, highlighting the company's efforts to lower indirect emissions from its value chain.

What categories of Scope 3 emissions does REC disclose?

In 2024, REC reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol.

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of REC's Scope 3 emissions?

In 2024, the largest contributors to REC's Scope 3 emissions were:

  • Purchased Goods and Services (Cat. 1): 2,704.35 tCOâ‚‚e (51.46%)
  • Employee Commuting (Cat. 7): 944.39 tCOâ‚‚e (17.97%)
  • Business Travel (Cat. 6): 769.58 tCOâ‚‚e (14.65%)

REC's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(14.6%)Employee Commuting(Cat. 7)(18.0%)Purchased Goods andServices (Cat. 1)(51.5%)

Insights into REC's Total Carbon Footprint

In 2024, REC reported a total carbon footprint of 7,387.32 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 37.91% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to REC's total carbon footprint was Scope 3 emissions, accounting for 71.13% of the company's total carbon footprint, followed by Scope 2 emissions at 21.35%.

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