Business Responsibility/Sustainability Reporting Committee

This Committee comprises of 5 Directors. The Members of the Committee are: Ms. Fiona Paulus (Chairperson), Mr. Jayant Acharya, Mr. Gajraj Singh Rathore, Mr. Marcel Fasswald and Mr. S. K. Roongta

Ms. Fiona Jane Mary Paulus

Ms. Fiona Jane Mary Paulus

Independent Director
Mr. Jayant Acharya

Mr. Jayant Acharya

Jt. Managing Director & CEO
Mr. Gajraj Singh Rathore

Mr. Gajraj Singh Rathore

Chief Operating Officer
Mr. Marcel Fasswald

Mr. Marcel Fasswald

Independent Director
Mr. Sushil Kumar Roongta

Mr. Sushil Kumar Roongta

Independent Director

The terms of reference of the Committee are as follows:

  • Responsible for the adoption of National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business (NVGs) in business practices of JSW Steel.
  • Responsible for the policies created for or linked to the 9 key principles of the ‘National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business’.
  • Review the progress of initiatives under the purview of business responsibility (sustainability) policies mentioned above.
  • Review business responsibility reporting disclosures on a pre-decided frequency (monthly, quarterly, bi- annually).
  • Review the progress of business responsibility initiatives at JSW Steel.
  • Review the annual business responsibility report and present it to the Board for approval.
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Ms. Fiona Jane Mary Paulus

Ms. Fiona Jane Mary Paulus Independent Director

Fiona Paulus has 45 years of investment banking experience. She held senior roles at leading investment banks. These include the Head of Private Equity & Infrastructure Funds at Royal Bank of Scotland; Global Head of Energy & Resources at ABN AMRO Bank; Head of International Investment Banking at CIBC; and senior leadership roles at Credit Suisse, Societe Generale, JP Morgan, & Citigroup, in the UK, USA, EMEA, Australia and Latin America.

Fiona is a Senior Advisor at Gleacher Shacklock LLP, a leading, UK based, M&A boutique. In addition, she is a Non-Executive Director of JSW Steel Ltd, the largest and fastest growing steel company in India with a market cap of $25bn; Metlen Energy & Metals, a FTSE 100 company, with a market cap of £6.5 bn, operating in the global industrial and energy sectors; Nostrum Oil & Gas plc, UK listed, and operating in Kazahkstan; and ACG Metals Ltd, the first UK listed, special purpose, acquisition company, building a global portfolio in battery metals businesses, with operations in Turkey. Having served the statutory term of 6 years, Fiona recently resigned from the board of the Interpipe Group, a private industrial group incorporated in Cyprus. Its steel operations in Ukraine serve the worldwide energy and infrastructure sectors.

Mr. Jayant Acharya

Mr. Jayant Acharya Jt. Managing Director & CEO

Mr. Jayant Acharya, Jt. Managing Director & CEO, started his career with SAIL (Steel authority of India) in the year 1986 and then worked with renowned Indian Business Groups in various Capacities until he joined JSW Steel in 1999.

With over three decades of industry experience in the Metals and Mining sector, Mr. Acharya has played a pivotal role in the growth of JSW Steel. He has led various key transformations in Sales & Marketing., IT transformation, Digitalization efforts and focus on Sustainability and environmental measures. Under his stewardship several key transformations have taken place within JSW Steel in the areas of Organized steel retailing, Development of Critical and Advanced Grade of Steels for Automotive, Long-term supply contracting etc. He has also spearheaded New Product Development initiatives and has been able to create a substantial market presence for JSW Steel for Alloy Steel Rounds and Bars, Electrical Steel, Tin Plates etc. In line with the Company’s strategic focus of expanding in key geographies and strengthening its global footprint, Mr. Acharya has successfully managed overseas acquisitions in the USA and Italy for JSW Steel and has also secured coal and iron ore mines through auctions.

Mr. Jayant Acharya holds a Bachelor's degree in Chemical Engineering, a Master's degree in Physics from BITS (Birla Institute of Technology, Pilani, India), and an MBA degree.

Mr. Jayant Acharya is also Director on the Board of JSW Steel Coated Products Limited.

Mr. Gajraj Singh Rathore

Mr. Gajraj Singh Rathore Chief Operating Officer

Mr. Gajraj Singh Rathore is the Chief Operating Officer for JSW Steel. He brings with him over 35 years of steel industry experience with expertise on large scale transformation & digitalization. He has been associated with JSW Steel for about 27 years and has championed multiple strategic priorities such as leading the Steel making and Mills at the Vijayanagar plant as Executive Vice President, Operations and successfully overseeing the expansion and capacity utilization of the Dolvi plant as its President.

Mr. Gajraj Singh is also Director on the Boards of Chandranitya Developers Limited, JSW AP Steel Limited and JSW JFE Electrical Steel Private Limited.

Mr. Marcel Fasswald

Mr. Marcel Fasswald Independent Director

Mr. Marcel Fasswald began his career in 1995 as a design and execution engineer at Mannesmann Demag Hüttentechnik, which was later integrated into SMS group in 1999.

Mr. Marcel Fasswald was since then associated with the Plant Engineering Company SMS group, where he was a member of the Managing Board acting as Chief Technology Officer and Chief Operating Officer. Before being appointed to the Managing Board at SMS in 2015, he was Technical Director and Head of Engineering and for six years the CEO and Managing Director of SMS group in India. As a qualified engineer he brings international experience from several management positions in plant engineering at SMS.He was also the Chief Operating Officer (COO) of Thyssenkrupp Industrial Solutions AG from April, 2018 to September 2018 and the CEO from October 2018 to October 2019.Mr. Marcel Fasswald is a man with excellent knowledge of the plant engineering business. His operational expertise and international experience will be of immense benefit to JSW Steel.

Mr. Sushil Kumar Roongta

Mr. Sushil Kumar Roongta Independent Director

Mr. Sushil Kumar Roongta is an Electrical Engineer from the Birla Institute of Technology & Science (BITS), Pilani and a Post Graduate Diploma in Business Management - International Trade, from the Indian Institute of Foreign Trade (IIFT), New Delhi. He is a Fellow of All India Management Association (AIMA). Mr. Roongta has a wide and varied experience in public sector undertakings.

Mr. Roongta is the former Chairman of Steel Authority of India Limited (SAIL), one of India’s largest public sector company. He was also the first Chairman of International Coal Ventures Limited (ICVL) – a JV of five leading PSUs i.e. SAIL, CIL, RINL, NMDC & NTPC.

Mr. Roongta has also served as a member of various Apex Chambers - Chairman of ‘Steel Committee’ of FICCI, member of National Council of CII and Advisory Council of ASSOCHAM. Mr. Roongta was also President of Institute for Steel Development & Growth. He was also a member of the Executive Committee of the World Steel Association - the Apex Body for formulation of policy for world steel. He was chairman of the Board of Governors of IIT-Bhubaneswar.

He has been part of various think tanks and is widely regarded as one of the principal experts in the field of metal, power and public sector turnarounds. He was Chairman of the ‘Panel of Experts on reforms in Central Public sector enterprises’ constituted by Planning Commission, widely known as ‘Roongta Committee’, whose report is taken as the benchmark for Public sector Reforms today.

Mr. Roongta is the proud recipient of a number of awards including [Standing conference of public enterprises | SCOPE Award for Excellence & Outstanding Contribution to the Public Sector Management] – Individual Category 2007-08 and IIM-JRD Tata award for excellence in Corporate Leadership in Metallurgical industries, 2016. Mr. Roongta is also associated with educational institutions and various Non-Profit organizations.

Mr. Sushil Kumar Roongta is also Independent Director on the Boards of Jubilant Ingrevia Limited, Bharat Aluminium Company Limited, Jubilant Pharmova Limited, JK Paper Limited, Titagarh Rail Systems Limited, Hero Steels Limited, Shree Cement Limited and Baxy Limited.