Sterling Wilson cuts Scope 2 emissions by 52.7% in FY26
Sterling and Wilson Renewable Energy Limited filed its Business Responsibility and Sustainability Report for FY26, reporting a 52.7% reduction in Scope 2 emissions to 447.33 tCO2e and a 98.01% landfill diversion rate. The company achieved zero fatalities and zero recordable injuries, while increasing renewable energy consumption to 169,051 GJ. An independent assurance statement from P Cube C Services LLP verified the data covering 178 locations and 22.5 GW of capacity under construction and management.
*this image is generated using AI for illustrative purposes only.
Sterling and Wilson Renewable Energy Limited reduced its Scope 2 emissions by 52.7% to 447.33 tCO2e in FY26, while achieving zero fatalities and zero recordable injuries across its operations. The company filed its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, disclosing these improvements alongside a 98.01% landfill diversion rate for waste management.
The filing, submitted under Regulation 34 of the SEBI Listing Regulations, includes an Independent Sustainability Assurance Statement provided by P Cube C Services LLP. The assurance engagement covered the company’s global utility-scale Engineering, Procurement, and Construction (EPC) solutions and Operations and Maintenance (O&M) activities, encompassing 151 domestic O&M sites and 24 active domestic EPC projects.
Environmental Performance
The company reported a 1.7% year-on-year increase in renewable energy consumption, rising to 169,051 GJ in FY26 from 166,218 GJ in the previous year. Water consumption decreased by 11.7%, exceeding the company’s targeted reduction. The report highlights that 85% of the procurement value was sourced from ESG-aligned and sustainable suppliers.
Operational Metrics
Sterling and Wilson Renewable Energy operated 178 locations nationally and 18 internationally during the year. The company worked on constructing approximately 7.5 GW of renewable energy capacity and managed the O&M of another 15 GW. Exports contributed 1.87% to the total turnover.
Workforce and Safety
The company employed 3,589 individuals, comprising 3,482 employees and 1,200 workers. Female workforce participation increased, with gross wages paid to female employees rising to 4.50% of total wages in FY26 from 3.40% in the previous year. The Lost Time Injury Frequency Rate (LTIFR) for workers improved to 0 from 0.15 in FY25.
| Metric | FY26 Value |
|---|---|
| Scope 2 Emissions | 447.33 tCO2e |
| Renewable Energy Consumption | 169,051 GJ |
| Total Waste Footprint | 4,469.51 MT |
| Waste Diverted via Recovery | 4,380.50 MT |
| Total Workforce | 4,789 |
| Female Employees | 107 |
The assurance statement verified that the company maintained zero material cybersecurity incidents and zero data breaches during the reporting period.
Historical Stock Returns for Sterling & Wilson Renewable Energy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.20% | -0.83% | -11.10% | -4.54% | -37.18% | -19.05% |
How does Sterling and Wilson plan to further reduce the remaining Scope 2 emissions to meet potential net-zero targets?
What strategies will the company employ to increase the procurement value from ESG-aligned suppliers beyond the current 85%?
Will the company expand its international footprint given that exports currently contribute less than 2% to total turnover?
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