{"id":16804,"date":"2024-04-02T16:51:46","date_gmt":"2024-04-02T11:21:46","guid":{"rendered":"https:\/\/edunovations.com\/currentaffairs\/?p=16804"},"modified":"2024-04-02T16:51:48","modified_gmt":"2024-04-02T11:21:48","slug":"skoch-esg-award-2024learn-about-recs-pivotal-role-in-renewable-energy-financing-its-recent-win-of-the-skoch-esg-award-2024-and-its-contribution-to-indias-sustainable-development-goals","status":"publish","type":"post","link":"https:\/\/edunovations.com\/currentaffairs\/national\/skoch-esg-award-2024learn-about-recs-pivotal-role-in-renewable-energy-financing-its-recent-win-of-the-skoch-esg-award-2024-and-its-contribution-to-indias-sustainable-development-goals\/","title":{"rendered":"REC Wins SKOCH ESG Award 2024: Leading Renewable Energy Financing Initiatives in India"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/skoch-esg-award-2024learn-about-recs-pivotal-role-in-renewable-energy-financing-its-recent-win-of-the-skoch-esg-award-2024-and-its-contribution-to-indias-sustainable-development-goals\/#REC_Wins_SKOCH_ESG_Award_2024_in_Renewable_Energy_Financing_Category\" >REC Wins SKOCH ESG Award 2024 in Renewable Energy Financing Category<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/skoch-esg-award-2024learn-about-recs-pivotal-role-in-renewable-energy-financing-its-recent-win-of-the-skoch-esg-award-2024-and-its-contribution-to-indias-sustainable-development-goals\/#Why_this_News_is_Important\" >Why this News is Important:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/skoch-esg-award-2024learn-about-recs-pivotal-role-in-renewable-energy-financing-its-recent-win-of-the-skoch-esg-award-2024-and-its-contribution-to-indias-sustainable-development-goals\/#Historical_Context\" >Historical Context:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/skoch-esg-award-2024learn-about-recs-pivotal-role-in-renewable-energy-financing-its-recent-win-of-the-skoch-esg-award-2024-and-its-contribution-to-indias-sustainable-development-goals\/#Key_Takeaways_from_%E2%80%9CREC_Wins_SKOCH_ESG_Award_2024_in_Renewable_Energy_Financing_Category%E2%80%9D\" >Key Takeaways from &#8220;REC Wins SKOCH ESG Award 2024 in Renewable Energy Financing Category&#8221;:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/skoch-esg-award-2024learn-about-recs-pivotal-role-in-renewable-energy-financing-its-recent-win-of-the-skoch-esg-award-2024-and-its-contribution-to-indias-sustainable-development-goals\/#Important_FAQs_for_Students_from_this_News\" >Important FAQs for Students from this News<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/skoch-esg-award-2024learn-about-recs-pivotal-role-in-renewable-energy-financing-its-recent-win-of-the-skoch-esg-award-2024-and-its-contribution-to-indias-sustainable-development-goals\/#1_What_is_the_SKOCH_ESG_Award\" >1. What is the SKOCH ESG Award?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/skoch-esg-award-2024learn-about-recs-pivotal-role-in-renewable-energy-financing-its-recent-win-of-the-skoch-esg-award-2024-and-its-contribution-to-indias-sustainable-development-goals\/#2_Why_is_RECs_win_significant_in_the_Renewable_Energy_Financing_category\" >2. Why is REC&#8217;s win significant in the Renewable Energy Financing category?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/skoch-esg-award-2024learn-about-recs-pivotal-role-in-renewable-energy-financing-its-recent-win-of-the-skoch-esg-award-2024-and-its-contribution-to-indias-sustainable-development-goals\/#3_How_does_REC_contribute_to_Indias_Sustainable_Development_Goals_SDGs\" >3. How does REC contribute to India&#8217;s Sustainable Development Goals (SDGs)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/skoch-esg-award-2024learn-about-recs-pivotal-role-in-renewable-energy-financing-its-recent-win-of-the-skoch-esg-award-2024-and-its-contribution-to-indias-sustainable-development-goals\/#4_What_is_the_historical_significance_of_Renewable_Energy_Corporation_REC\" >4. What is the historical significance of Renewable Energy Corporation (REC)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/skoch-esg-award-2024learn-about-recs-pivotal-role-in-renewable-energy-financing-its-recent-win-of-the-skoch-esg-award-2024-and-its-contribution-to-indias-sustainable-development-goals\/#5_What_are_the_broader_implications_of_RECs_recognition\" >5. What are the broader implications of REC&#8217;s recognition?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/skoch-esg-award-2024learn-about-recs-pivotal-role-in-renewable-energy-financing-its-recent-win-of-the-skoch-esg-award-2024-and-its-contribution-to-indias-sustainable-development-goals\/#Some_Important_Current_Affairs_Links\" >Some Important Current Affairs Links<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"REC_Wins_SKOCH_ESG_Award_2024_in_Renewable_Energy_Financing_Category\"><\/span>REC Wins SKOCH ESG Award 2024 in Renewable Energy Financing Category<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Renewable Energy Corporation (REC) recently clinched the prestigious SKOCH ESG (Environment, Social, and Governance) Award 2024 in the Renewable Energy Financing category. This remarkable feat underscores REC&#8217;s commitment to sustainable practices and its pivotal role in facilitating the financing of renewable energy projects in India. The SKOCH ESG Awards recognize organizations&#8217; exemplary efforts in integrating environmental, social, and governance factors into their business operations, thereby fostering sustainable development.<\/p>\n\n\n\n<p>The recognition bestowed upon REC highlights its significant contributions to the renewable energy sector, which plays a crucial role in mitigating climate change and promoting clean energy transitions. REC has been instrumental in mobilizing funds for renewable energy projects across the country, thereby accelerating India&#8217;s transition towards a greener and more sustainable energy landscape.<\/p>\n\n\n\n<p>The SKOCH ESG Award is a testament to REC&#8217;s steadfast efforts in promoting environmental sustainability, social responsibility, and robust governance practices. It underscores the company&#8217;s commitment to fostering innovation, excellence, and inclusivity in the renewable energy sector, thereby driving India&#8217;s sustainable development agenda forward.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\" id=\"SKOCH-ESG-Award-2024\"><img decoding=\"async\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2024\/04\/SKOCH-ESG-Award-2024.jpg\" alt=\"SKOCH ESG Award 2024\n\" class=\"wp-image-16807\" width=\"521\" height=\"474\" title=\"SKOCH ESG Award 2024\"\/><figcaption class=\"wp-element-caption\">SKOCH ESG Award 2024<\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_this_News_is_Important\"><\/span>Why this News is Important:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Recognition of Sustainable Practices:<\/strong> The news of REC winning the SKOCH ESG Award 2024 is significant as it highlights the importance of incorporating environmental, social, and governance considerations into business operations. This recognition underscores the growing emphasis on sustainability and responsible business practices in today&#8217;s corporate landscape.<\/p>\n\n\n\n<p><strong>Promotion of Renewable Energy:<\/strong> REC&#8217;s achievement in the Renewable Energy Financing category underscores the critical role of financial institutions in driving investments towards renewable energy projects. This news is crucial as it reaffirms the importance of mobilizing funds for clean energy initiatives to combat climate change and achieve energy security.<\/p>\n\n\n\n<p><strong>Contribution to Sustainable Development Goals:<\/strong> By supporting renewable energy projects, REC is actively contributing to India&#8217;s efforts to achieve its Sustainable Development Goals (SDGs), particularly Goal 7 (Affordable and Clean Energy) and Goal 13 (Climate Action). This news highlights the alignment of REC&#8217;s initiatives with national and global sustainability objectives.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Historical_Context\"><\/span>Historical Context:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Renewable Energy Corporation (REC) has been at the forefront of India&#8217;s renewable energy sector for several years. Established with the objective of facilitating the development and financing of renewable energy projects, REC has played a pivotal role in advancing India&#8217;s clean energy agenda.<\/p>\n\n\n\n<p>Over the years, REC has collaborated with various stakeholders, including government agencies, financial institutions, and private sector entities, to promote the adoption of renewable energy technologies across the country. Its efforts have contributed significantly to India&#8217;s renewable energy capacity expansion and the reduction of carbon emissions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Takeaways_from_%E2%80%9CREC_Wins_SKOCH_ESG_Award_2024_in_Renewable_Energy_Financing_Category%E2%80%9D\"><\/span>Key Takeaways from &#8220;REC Wins SKOCH ESG Award 2024 in Renewable Energy Financing Category&#8221;:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Serial Number<\/th><th>Key Takeaway<\/th><\/tr><\/thead><tbody><tr><td>1.<\/td><td>REC received the SKOCH ESG Award 2024 in the Renewable Energy Financing category.<\/td><\/tr><tr><td>2.<\/td><td>The award recognizes REC&#8217;s exemplary efforts in promoting sustainable practices in the renewable energy sector.<\/td><\/tr><tr><td>3.<\/td><td>REC&#8217;s achievement underscores the importance of integrating environmental, social, and governance considerations into business operations.<\/td><\/tr><tr><td>4.<\/td><td>The recognition highlights REC&#8217;s pivotal role in mobilizing funds for renewable energy projects, thereby driving India&#8217;s clean energy transition.<\/td><\/tr><tr><td>5.<\/td><td>REC&#8217;s initiatives align with India&#8217;s Sustainable Development Goals (SDGs), particularly Goal 7 (Affordable and Clean Energy) and Goal 13 (Climate Action).<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">SKOCH ESG Award 2024<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Important_FAQs_for_Students_from_this_News\"><\/span>Important FAQs for Students from this News<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_What_is_the_SKOCH_ESG_Award\"><\/span><strong>1. What is the SKOCH ESG Award?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The SKOCH ESG Award recognizes organizations&#8217; exemplary efforts in integrating environmental, social, and governance factors into their business operations to foster sustainable development.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_Why_is_RECs_win_significant_in_the_Renewable_Energy_Financing_category\"><\/span><strong>2. Why is REC&#8217;s win significant in the Renewable Energy Financing category?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>REC&#8217;s win underscores its commitment to promoting sustainable practices in the renewable energy sector and its pivotal role in mobilizing funds for clean energy projects, which is crucial for India&#8217;s clean energy transition.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_How_does_REC_contribute_to_Indias_Sustainable_Development_Goals_SDGs\"><\/span><strong>3. How does REC contribute to India&#8217;s Sustainable Development Goals (SDGs)?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>REC&#8217;s initiatives align with India&#8217;s SDGs, particularly Goal 7 (Affordable and Clean Energy) and Goal 13 (Climate Action), by supporting renewable energy projects and reducing carbon emissions.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_What_is_the_historical_significance_of_Renewable_Energy_Corporation_REC\"><\/span><strong>4. What is the historical significance of Renewable Energy Corporation (REC)?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>REC has been at the forefront of India&#8217;s renewable energy sector, collaborating with various stakeholders to advance clean energy initiatives and promote sustainable development.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_What_are_the_broader_implications_of_RECs_recognition\"><\/span><strong>5. What are the broader implications of REC&#8217;s recognition?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>REC&#8217;s recognition highlights the growing importance of integrating environmental, social, and governance considerations into business operations and the role of financial institutions in driving investments towards sustainable development.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Some_Important_Current_Affairs_Links\"><\/span>Some Important Current Affairs Links<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/national\/\" target=\"_blank\" rel=\"noreferrer noopener\">State Current 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href=\"https:\/\/edunovations.com\/currentaffairsinhindi\/\" target=\"_blank\" rel=\"noreferrer noopener\">Current Affairs In Hindi<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--6\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/news-and-notifications\/\" target=\"_blank\" rel=\"noreferrer noopener\">News and Notifications<\/a><\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.edunovations.quiz\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" width=\"900\" height=\"150\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1.jpg\" alt=\"Download this App for Daily Current Affairs MCQ&#039;s\" class=\"wp-image-247\" title=\"\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1.jpg 900w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1-300x50.jpg 300w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1-768x128.jpg 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><figcaption class=\"wp-element-caption\">Download this App for Daily Current Affairs MCQ&#8217;s<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\" id=\"News-Website-Development-Company\"><a href=\"https:\/\/www.martindiainfotech.com\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" width=\"900\" height=\"150\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner.png\" alt=\"News Website Development Company\" class=\"wp-image-438\" title=\"News Website Development Company\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner.png 900w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner-300x50.png 300w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner-768x128.png 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><figcaption class=\"wp-element-caption\">News Website Development Company<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>REC Wins SKOCH ESG Award 2024 in Renewable Energy Financing Category Renewable Energy Corporation (REC) recently clinched the prestigious SKOCH ESG (Environment, Social, and Governance) Award 2024 in the Renewable Energy Financing category. This remarkable feat underscores REC&#8217;s commitment to sustainable practices and its pivotal role in facilitating the financing of renewable energy projects in&#8230;<\/p>\n","protected":false},"author":6,"featured_media":16808,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,87],"tags":[1324,179,227,10403,1038],"class_list":["post-16804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-awards_medals","tag-finance","tag-india","tag-renewable-energy","tag-skoch-esg-award","tag-sustainability"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/16804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/comments?post=16804"}],"version-history":[{"count":0,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/16804\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media\/16808"}],"wp:attachment":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media?parent=16804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/categories?post=16804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/tags?post=16804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}