Reliance recognises climate-related disclosures as a strategic imperative. The disclosures focus on Governance, Strategy, Risk Management, and Metrics and Targets, taking guidance from the Task Force on climate-related Financial Disclosures (TCFD), now integrated within IFRS S2 Climate-related Disclosures under the ISSB standards.
Climate change considerations are embedded into strategic oversight and decision-making at Reliance. The Board provides direction on the Company's energy transition and Net Carbon Zero ambition through regular engagement with management and subject-matter experts. This governance is further strengthened by the ESG Committee, which plays a central role in reviewing climate-related risks and opportunities, monitoring progress against transition plans and evaluating emerging regulatory and market developments.
The ESG Committee meets periodically to review decarbonisation initiatives, New Energy investments, performance against climate targets and forward-looking transition pathways. Key deliberations and recommendations of the Committee are reported to the Board, ensuring alignment between climate strategy, capital allocation and enterprise-wide risk management. The Board also exercises oversight through other statutory committees responsible for risk, audit and internal controls.
Board members bring expertise across operations, technology, risk management, strategy and regulatory frameworks, enabling informed assessment of climate-related issues. Where required, focused knowledge sessions are conducted to strengthen Board understanding of evolving climate regulations, disclosure expectations and transition technologies.
At the management level, dedicated teams reporting to the Executive Committee are responsible for implementing decarbonisation initiatives, advancing New Energy projects and monitoring climate-related performance. The Executive Committee ensures alignment with the Net Carbon Zero roadmap and provides periodic updates to the Board on progress, risks, opportunities, partnerships and disclosures.
Reliance follows a structured approach for identifying, assessing and managing climate-related risks. Climate risks are categorised into physical risks (acute and chronic) and transition risks, including regulatory changes, market dynamics, technological shifts and reputational considerations.
These risks are integrated into the Enterprise Risk Management (ERM) framework, enabling consistent identification, prioritisation and monitoring across businesses. Mitigation measures are embedded within business continuity planning, asset design, supply chain diversification and investment decision-making. Board-level committees periodically review climate risk exposures, mitigation actions and emerging risks to ensure resilience, operational stability and long-term value protection.
Reliance has articulated a comprehensive climate and energy transition strategy that addresses both the risks and opportunities arising from the global shift towards a low-carbon economy. The strategy is informed by assessment of material climate-related risks, evolving policy and regulatory landscapes, and stakeholder expectations, and is closely aligned with the Company's Net Carbon Zero objective.
The approach focuses on reengineering existing energy assets for efficiency and lower emissions, while simultaneously building next-generation clean energy platforms across renewable power, energy storage, green hydrogen, bioenergy, and low-carbon materials. Large-scale manufacturing, backward integration and technology leadership form the core of the strategy.
Just Transition: Reliance recognises that a just and inclusive transition is critical to long-term success. The Company collaborates with academic and research institutions to advance low-carbon solutions and invests in domestic manufacturing, skills development and technology deployment under the 'Make in India' framework, supporting workforce readiness, economic resilience and inclusive growth.
Reliance tracks progress on climaterelated risks, opportunities and transition initiatives through a defined set of performance metrics and targets. Key metrics monitored include renewable energy consumption, total energy consumption, energy efficiency improvements and greenhouse gas emissions. These metrics enable informed decision-making and provide visibility into progress towards the Net Carbon Zero by 2035 commitment.
Energy efficiency remains a core focus area, with sustained programmes across refining, manufacturing and operations delivering measurable reductions in energy intensity. Over the past three years, efficiency initiatives have resulted in approximately 10 Million GJ of energy savings, supported by asset re-engineering and process optimisation. The Jamnagar SEZ refinery continues to be recognised among the most energy-efficient globally.
In line with its commitment to invest ` 75,000 Crore in clean energy, Reliance is scaling renewable power, energy storage, green hydrogen and bio-energy platforms to meet both captive requirements and broader transition goals. By establishing and enabling 100 GW of renewable energy capacity by 2030, the Company aims to contribute to India's Nationally Determined Contributions (NDCs) and long-term decarbonisation pathway.
Details on assured climate-related performance parameters are provided under Natural Capital. Read more