Double materiality

Double materiality is a comprehensive framework that combines two distinct but interconnected aspects–impact materiality and financial materiality. It recognises the reciprocal relationship between an organisation's sustainability impacts and its financial performance. This is based on how sustainability matters affect the company's position and how the entity itself impacts the environment and society at large.

By integrating impact materiality and financial materiality, the double materiality framework enables organisations to take a holistic approach to sustainability and value creation. It recognises that an organisation's value creation depends not only on financial considerations but also on its ability to address and manage sustainability impacts.

At JSW Steel, we are committed to operating as a responsible and sustainable organisation, and we believe that by adopting a comprehensive approach that encompasses both aspects, we can develop strategies that align economic success with environmental and social responsibility, fostering long-term resilience, stakeholder trust, and sustainable development.

To that end, we are in the process of conducting a comprehensive double materiality assessment that will guide our future sustainability strategies, policies, and practices. It will enable us to make more informed decisions that balance our economic, social, and environmental impacts and make our organisation more sustainable and resilient.