The Work Index by Flexa

IREDA Ltd.

IREDA is a Navratna Government of India Enterprise that finances and promotes renewable energy projects, energy efficiency, and environmental technologies.

https://www.ireda.in/
4.6

/10

Transparency ranking

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Description

Indian Renewable Energy Development Agency Limited (IREDA) is a Navratna Government of India Enterprise under the Ministry of New and Renewable Energy (MNRE). Established in 1987 as a Non-Banking Financial Institution, IREDA promotes, develops, and extends financial assistance for projects related to renewable energy and energy efficiency/conservation. Their motto is "ENERGY FOR EVER," reflecting their commitment to sustainable development through renewable energy sources.

IREDA plays a vital role in India's renewable energy transition by providing financial support to various projects, including wind, solar, small hydro, biomass, and energy efficiency initiatives. They have a robust loan portfolio and have been recognized for their financial performance, with consistent growth in net profit and loan disbursements. IREDA's commitment to responsible business practices is evident through their adherence to ISO 9001:2015 and 27001:2013 certifications, and their dedication to Corporate Social Responsibility (CSR) initiatives.

Mission

IREDA's mission is to be a leading, participant-friendly, and competitive institution in financing and promoting self-sustaining investments in projects related to renewable energy, energy efficiency, and environmental technologies. Their goal is to drive sustainable development by providing financial assistance and expertise to companies and individuals engaged in these areas.

Environmental impact driven
Social impact led
Sustainability

Culture

IREDA emphasizes a culture of transparency, ethical conduct, and sustainability, fostering a participant-friendly environment. They strongly promote community engagement through their robust CSR initiatives and prioritize employee wellness by offering health checks and encouraging participation in sports activities. IREDA also actively involves its employees in initiatives for environmental protection and encourages a collaborative approach to achieving business objectives.

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