Jindal Stainless Ltd's Rs 700 Crore Investment for Net-Zero Goals by 2050
Key Ideas
- Jindal Stainless Ltd is investing Rs 700 crore in decarbonisation projects to achieve net-zero goals by 2050.
- The company aims to significantly reduce GHG emissions and carbon intensity by 50% by FY35 through environment-friendly projects like renewable energy and green hydrogen.
- JSL has launched a task force on nature-related financial disclosure (TNFD) report to manage nature-related risks and capitalize on opportunities for environmental stewardship.
- The report includes comprehensive Biodiversity Management Plans and nature risk assessments at key company facilities.
Jindal Stainless Ltd (JSL) has announced an investment of Rs 700 crore in decarbonisation projects to work towards achieving its net-zero goals by 2050. Over the next five years, the company will focus on setting up various environment-friendly projects, including renewable energy, green hydrogen, biodiversity conservation, waste management, and adoption of carbon capture technologies. The goal is to reduce GHG emissions and carbon intensity by 50% by FY35 and achieve net-zero emissions by 2050. Additionally, JSL has introduced a task force on nature-related financial disclosure (TNFD) report to address nature-related risks and opportunities for business resilience and environmental stewardship. The TNFD framework emphasizes governance, strategy, risk, and impact management to establish metrics and strategic targets. The company's investments in renewable energy, green hydrogen, and innovative recycling technologies are highlighted in the report, which also includes Biodiversity Management Plans and nature risk assessments at key facilities in Jajpur, Hisar, and Vizag.
Topics
Investing
Renewable Energy
Sustainability
Investment
Decarbonisation
Carbon Capture
Biodiversity Conservation
TNFD
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