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Discover LudwigThe phrase "are renewing" is correct and usable in written English.
It can be used in contexts where an action of renewal is currently taking place or is ongoing.
Example: "The company are renewing their commitment to sustainability by implementing new eco-friendly practices."
Alternatives: "are updating" or "are refreshing".
Dictionary
are renewing
verb
To make (something) new again; to restore to freshness or original condition.
synonyms
Exact(60)
Now the companies are renewing the fight.
The program also tracks whether patients are renewing prescriptions.
"We are refurbishing; we are renewing the country".
Annual subscribers, who pay $155, are renewing at a rate of about 60percentt; monthly subscribers, who pay $30, are renewing at an 80percentt rate.
Simultaneously, to handle the increased volume of data, we are renewing the data storage system.
That is why we are renewing our diplomacy, while relieving the burden on our military.
The Council and the city's labor unions are renewing their calls for tax increases.
Many tenants are renewing or extending leases because of the uncertainty.
Today the UK and the US are renewing the special relationship for new times.
Nick and Mavis are renewing their vows today in a small, intimate ceremony".
Pete Sampras and Andre Agassi are renewing their rivalry, as are John McEnroe and Ivan Lendl.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com