Mainstreaming sustainability in business imperatives

JSW Group's sustainability vision

It is our Vision here at JSW that we are able, both now and in the future, to demonstrably contribute in a socially, ethically and environmentally responsible way to the development of a society where the needs of all are met. We plan to do so in a manner that does not compromise the ability of those that come after us to meet the needs of their own, future generations. We have developed a sustainability framework based on 17 key areas across various ESG domains. All our sustainability interventions broadly fall under these focus areas. Our sustainability strategy is based on the following key elements:

Leadership | Stakeholder engagement | Communication | Planning

Improvement | Monitoring | Reporting

Capitals deployed

Financial
Capital

Intellectual
Capital

Manufactured
Capital

Capitals enhanced

Social &
Relationship Capital

Natural
Capital

Human
Capital

JSW Group joins the World Business
Council for Sustainable Development

JSW Group, one of India’s leading business houses, has joined over 200 forward- thinking companies as the newest member of the World Business Council for Sustainable Development (WBCSD). With efficient integrated operations and a clear vision for the future, we are executing our strategic growth plan in line with the growing steel demand.

Our Group has set ambitious sustainability targets, in which at JSW Steel, we have set a target of reducing our specific CO2 emissions by 42% by 2030, aligning the target with the Sustainable Development Scenario (SDS) of the International Energy Agency (IEA).

As a major steel player, we look forward to driving change across the industry, leveraging opportunities to shape a more sustainable world.

Key trends

  • Alignment to UN SDGs
  • Circularity
  • COVID-19 disruptions
  • Decarbonisation
  • Emergence of steel as a sustainable alternative for other materials

Material issues

  • Air emission, Biodiversity, Business ethics
  • Climate change
  • Corporate governance, transparency and disclosures
  • Cultural Heritage, Economic performance
  • Employee health & safety
  • Energy, Human rights
  • Local Considerations & Indigenous People Resources
  • Social Sustainability, Supply chain sustainability, Sustainable Mining
  • Technology, product and process innovation
  • Waste, Wastewater, Water resources

Key risks

  • R1 The COVID-19 pandemic
  • R2 Geopolitical scenario – the Russia-Ukraine conflict
  • R6 Mining
  • R10 Environment protection and climate change
  • R11 Occupational health and safety
  • R12 Human resources
  • R13 Cyber security