## The Alliance of CEO Climate Leaders welcomes Sumant Sinha, Chairman and CEO of ReNew, as new Co-Chair

•    GENEVA, July 11, 2024 – The Alliance of CEO Climate Leaders announces ReNew Chairman and CEO, Sumant Sinha, as its new Co-Chair. •    Sumant will join Ester Baiget, CEO Novonesis; Jesper Brodin, CEO of Ingka Group Ikea; Feike Sybesma, Chairman of the Supervisory Board Royal Philips; and Rich Lesser, Global Chair BCG and Alliance Chief Advisor •    Together, they will work closely with member CEOs as the Alliance enters its next chapter focused on unlocking the challenges of Scope 3 emissions decarbonization and policy engagement to help shape a low-carbon regulatory environment.

As a member of the Alliance since 2019, ReNew is one of the few organisations in its sector to have declared a 1.5°C-aligned science-based targets validated by SBTi, with a target to be net zero by 2040. ReNew has been at the forefront of advancing emerging decarbonisation solutions, including innovative Power Purchase Agreements (PPAs), solar module manufacturing, carbon markets, power trading, and energy storage, to support enterprises in their transition towards achieving net-zero emission goals. The company is strongly committed to shaping a fossil-free world by accelerating the net-zero transition and has mitigated over 21 million tons of carbon emissions over the last two years. With an overall portfolio of 21.4 GW, ReNew’s leadership across the value chain, positions the company uniquely as a global energy transition leader.Sumant is also Co-Chair of the India chapter of the Alliance of CEO Climate Leaders since its inception at the World Economic Forum’s Annual Meeting 2022. Taking on the Co-Chair role within the global Alliance is a natural step and helps to bring representation from the Southern and Southeast Asian region, with ReNew being a leader in the region.Gim Huay Neo, Managing Director, World Economic Forum said “The Alliance of CEO Climate Leaders is a crucial initiative in scaling and accelerating climate action. We are delighted that Sumant has agreed to lead the Alliance as Co-Chair. In addition to his rich experience as Founder, Chairman and CEO of ReNew, Sumant brings important perspectives in the energy transition from emerging and developing economies. My team and I look forward to working with him to expand the positive impact of the Alliance around the world.”Sumant Sinha, ReNew Chairman and CEO and new Co-Chair of the Alliance of CEO Climate Leaders said: “The Alliance of CEO Climate Leaders has been pivotal in driving systemic action and encouraging deeper public-private collaboration in the global energy transition. I am pleased to be joining a cohort of like-minded co-chairs and CEO's from around the world committed to delivering concrete climate solutions and innovations in their businesses and geographies.”Sumant is a global entrepreneur and internationally recognised thought leader. He is the founding member of the Forum’s First Movers Coalition and the current Board Chair of the Rocky Mountain Institute (RMI).