BETTER EVERYDAY
BETTER EVERYDAY
The sixth integrated report of JSW Steel is prepared in accordance with the International Integrated Reporting framework of the IFRS Foundation. This Report has been published to transparently communicate to stakeholders the Company’s ability to create value in the short, medium and long term. The report focuses on JSW Steel’s achievements, its model of value creation, holistic performance, strategy and risk management and mitigation. There are no restatements of information in this report, compared to our preceding report.
Frameworks, guidelines and standards
Apart from abiding by the guiding principles and content elements of the International
JSW Steel also discloses climate change and water security-related information to the CDP platform.
Responsibility statement
The integrity of the information presented in this Report has been assured by the Company’s Board and Management, as those Charged With Governance (TCWG).
Assurance
The non-financial information is assured by Bureau Veritas India Pvt. Ltd as third-party assurance provider. The financial information is audited by S R B C & Co. LLP.
The operations/subsidiaries covered under non-financial disclosures in the IR contribute to >90% of the revenue generated.
Forward looking statements
Certain statements in this report concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition within the steel industry, including those factors that may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed price, fixed time frame contracts, our ability to commission mines within contemplated time and costs, our ability to raise the finance within time and cost, client concentration, restrictions on immigration, our ability to manage our internal operations, reduced demand for steel, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which the Company has made strategic investments, withdrawal of fiscal/ governmental incentives, impact of regulatory measures, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorised use of our intellectual property and general economic conditions affecting our industry. The Company does not undertake to update any forward looking statements that may be made from time to time by or on behalf of the Company
Precautionary principle
We follow precautionary approach towards minimising our negative impact on environment. We constantly undertake efforts to reduce the Company's overall environmental footprint