Jindal Stainless Ltd's Sustainable Investment for Net-Zero Emission Goals
Key Ideas
- Jindal Stainless Ltd (JSL) is investing Rs 700 crore over the next five years in decarbonisation projects to achieve net-zero emission goals by 2050.
- The investments will focus on various environment-friendly projects such as renewable energy, green hydrogen, biodiversity conservation, waste management, and carbon capture technologies.
- JSL aims to reduce GHG emissions and carbon intensity by 50% by FY35 and achieve net-zero emissions by 2050.
- The company has launched a task force on nature-related financial disclosure (TNFD) report to identify, assess, and mitigate nature-related risks while focusing on business resilience and environmental stewardship.
Jindal Stainless Ltd (JSL) has announced an investment of Rs 700 crore in decarbonisation projects to achieve its net-zero emission goals by 2050. Over the next five years, JSL plans to set up various sustainable projects, including renewable energy, green hydrogen, biodiversity conservation, waste management, and carbon capture technologies. By focusing on these initiatives, the company aims to significantly reduce GHG emissions and carbon intensity by 50% by FY35 and ultimately reach net-zero emissions by 2050. In addition to these projects, JSL has launched a task force on nature-related financial disclosure (TNFD) report to address nature-related risks and opportunities, emphasizing governance, strategy, risk, and impact management. The company is also implementing Biodiversity Management Plans (BMPs) and nature risk assessments at its key facilities in Jajpur, Hisar, and Vizag, showcasing its commitment to environmental sustainability and resilience.