India’s leading stainless steel manufacturer Jindal Stainless is taking several initiatives to achieve its broad Environmental, Social & Governance goals. As a responsible corporate that is committed to transition to sustainable manufacturing, Jindal Stainless has initiated Project Samanvay to assess its preparedness as per select ESG indices. The Company has appointed Ernst & Young as its partner to develop a strategic roadmap for the project. Additionally, the Company has also proposed to forecast its GHG emissions and establish emission reduction targets in line with Science Based Target initiative.In the next 6 months, Jindal Stainless and EY will work seamlessly to carve out a strategic roadmap for achieving decarbonization, evaluate continuous upgrades and retrofits, adopt clean technologies strategy, improve ESG performance, and embrace digitalization of business process, initiate GHG Accounting etc.Considering the complexities and impact of expansion in a hard to abate sector, Jindal Stainless is making concerted efforts to decarbonize and reduce carbon emissions significantly for its present and future capacity expansion plans. The focused initiatives include deploying energy-efficient measures, process reconfiguration, adopting and investing in circular economy principles, improving material efficiency, fleet decarbonization, investing in low-carbon emission technologies for stainless steel production etc. Currently, Jindal Stainless has a stainless steel melting capacity of 1.9 million tonnes at its Hisar and Jajpur manufacturing facilities. The Company has planned a capacity expansion at its Jajpur facility by 2022-23 to take the total melting capacity to 2.9 million tonne.During FY 2021-22, Jindal Stainless reduced its carbon emissions by 3,100 tonnes and initiated a switch from a thermal energy-intensive manufacturing setup to renewable energy alternatives such as solar & wind power, Green Hydrogen and usages of bio-fuels as part of our decarbonization initiatives.
India’s leading stainless steel manufacturer Jindal Stainless is taking several initiatives to achieve its broad Environmental, Social & Governance goals. As a responsible corporate that is committed to transition to sustainable manufacturing, Jindal Stainless has initiated Project Samanvay to assess its preparedness as per select ESG indices. The Company has appointed Ernst & Young as its partner to develop a strategic roadmap for the project. Additionally, the Company has also proposed to forecast its GHG emissions and establish emission reduction targets in line with Science Based Target initiative.In the next 6 months, Jindal Stainless and EY will work seamlessly to carve out a strategic roadmap for achieving decarbonization, evaluate continuous upgrades and retrofits, adopt clean technologies strategy, improve ESG performance, and embrace digitalization of business process, initiate GHG Accounting etc.Considering the complexities and impact of expansion in a hard to abate sector, Jindal Stainless is making concerted efforts to decarbonize and reduce carbon emissions significantly for its present and future capacity expansion plans. The focused initiatives include deploying energy-efficient measures, process reconfiguration, adopting and investing in circular economy principles, improving material efficiency, fleet decarbonization, investing in low-carbon emission technologies for stainless steel production etc. Currently, Jindal Stainless has a stainless steel melting capacity of 1.9 million tonnes at its Hisar and Jajpur manufacturing facilities. The Company has planned a capacity expansion at its Jajpur facility by 2022-23 to take the total melting capacity to 2.9 million tonne.During FY 2021-22, Jindal Stainless reduced its carbon emissions by 3,100 tonnes and initiated a switch from a thermal energy-intensive manufacturing setup to renewable energy alternatives such as solar & wind power, Green Hydrogen and usages of bio-fuels as part of our decarbonization initiatives.
