Jindal Stainless Limited (JSL) on Monday said it has partnered with EY India to develop a roadmap to achieve its sustainability goals.
In a statement, the company said it is working to reduce its carbon footprint and carbon emissions for its current and future capacity expansion plans.
It has “partnered with EY India to solidify ESG (Environmental, Social and Governance) goals. In the next 6 months, Jindal Stainless and EY will work seamlessly to carve out a strategic roadmap for achieving decarbonisation, evaluate continuous upgrades and retro?ts, adopt clean technologies strategy, improve ESG performance, embrace digitalisation of a business process, initiate GHG accounting, etc.” it said.
In the fiscal year 2012, Jindal Stainless reduced 3,100 metric tons of carbon emissions and initiated a shift from thermally intensive production configurations to renewable energy options such as solar and wind power. The company said the use of green hydrogen and biofuels is also part of its decarbonisation initiative.
Jindal Stainless has a stainless steel casting capacity of 1.9 million metric tonnes (MMT) at its manufacturing facilities at Hisar and Jajpur. The company plans to increase capacity at its Jajpur plant and bring the total smelting capacity to 2.9 MMT by FY23.
Abhyuday Jindal, MD, JSL, said: “We firmly believe that efficient and immediate efforts towards sustainability, social upliftment, good governance, decarbonisation, waste management, and digital prowess are inevitable to build long-term value for all our stakeholders and achieve a circular economy.” Rajiv Memani, Chairman & CEO, EY India, said: “Reducing carbon emissions and the energy consumed in stainless steel production requires a well-planned, stage-gated roadmap.
We are honoured to work with Jindal Stainless, who have taken a pioneering step towards a comprehensive strategy of adopting ESG in their entire value chain that will reap benefits beyond compliance to build a future-focused and a sustainable enterprise.”