ReNew Chairman and CEO Sumant Sinha Appointed as Alliance Co-Chair to Lead Global Climate Action

Carbon, Energy, Environment, Solar

ReNew Chairman and CEO Sumant Sinha Appointed as Alliance Co-Chair to Lead Global Climate Action

Mr. Sumant Sinha, Chairman and CEO of ReNew, has been appointed Co-Chair of the Alliance of CEO Climate Leaders, the world’s largest CEO-led climate alliance and a flagship initiative of the World Economic Forum.

In this role, Sinha will leverage his significant experience to drive the Alliance’s mission of raising bold climate ambition, focusing on decarbonizing Scope 3 emissions and advocating for a low-carbon regulatory environment. He joins an influential group of leaders, including Ester Baiget, CEO of Novozymes; Jesper Brodin, CEO of Ingka Group Ikea; Feike Sybesma, Chairman of the Supervisory Board of Royal Philips; and Rich Lesser, Global Chair of BCG and Alliance Chief Advisor. Together, they will collaborate with 130-member CEOs from 12 industries, representing $4 trillion in revenues and 5.2 gigatons of carbon emissions, or 10 percent of global emissions across all scopes.

ReNew, under Sinha’s leadership, has been part of the Alliance since 2019 and is recognized for its commitment to net-zero targets and innovative decarbonization solutions. It is among the few organizations in its sector with a 1.5°C-aligned science-based target validated by the Science Based Targets initiative (SBTi), aiming for net zero by 2040.

Mr. Sinha remarked, “The Alliance of CEO Climate Leaders has been pivotal in driving systemic action and fostering public-private collaboration in the global energy transition. I look forward to working with my fellow co-chairs and global CEOs dedicated to delivering tangible climate solutions and innovations worldwide.”

ReNew has mitigated over 21 million tons of carbon emissions in the past two years. With a portfolio of 21.4 GW (contracted and in pipeline), ReNew is positioned as a global energy transition leader. The company is pioneering various decarbonization solutions, including innovative Power Purchase Agreements (PPAs), solar module manufacturing, carbon markets, power trading, and energy storage, aiding enterprises in achieving net-zero emission goals.

Since the World Economic Forum’s Annual Meeting in 2022, Sinha has also served as Co-Chair of the India chapter of the Alliance of CEO Climate Leaders.

Gim Huay Neo, Managing Director of the World Economic Forum, commented, “The Alliance of CEO Climate Leaders is crucial for scaling and accelerating climate action. We are delighted that Sumant has agreed to lead the Alliance as Co-Chair. His extensive experience as Founder, Chairman, and CEO of ReNew, along with his insights into energy transition in emerging and developing economies, will be invaluable. My team and I look forward to collaborating with him to amplify the Alliance’s positive impact globally.”

Sinha is a global entrepreneur and recognized thought leader. He is a founding member of the Forum’s First Movers Coalition and currently serves as Board Chair of the Rocky Mountain Institute (RMI).