Jindal Stainless Ltd's Rs 700 Crore Investment in Decarbonisation Projects for Net-Zero Goals
Key Ideas
- Jindal Stainless Ltd is investing Rs 700 crore in decarbonisation projects over the next five years to achieve net-zero goals by 2050.
- The investments will focus on renewable energy, green hydrogen, biodiversity conservation, waste management, and carbon capture technologies.
- The company aims to significantly reduce GHG emissions and carbon intensity by 50% by FY35, with a goal of achieving net-zero emissions by 2050.
- JSL has launched a task force on nature-related financial disclosure (TNFD) to identify, assess, and mitigate nature-related risks while promoting environmental stewardship.
Jindal Stainless Ltd (JSL) has announced plans to invest Rs 700 crore in decarbonisation projects over the next five years to work towards achieving its net-zero goals by 2050. The company will set up various environment-friendly projects, including initiatives related to renewable energy, green hydrogen, biodiversity conservation, waste management, and adoption of carbon capture technologies. By making these investments, JSL aims to significantly reduce its greenhouse gas (GHG) emissions and carbon intensity by 50% by FY35, ultimately aiming for net-zero emissions by 2050. JSL has also introduced a task force on nature-related financial disclosure (TNFD) to better understand and address nature-related risks while enhancing environmental sustainability.
The TNFD framework adopted by JSL focuses on governance, strategy, risk, and impact management to establish metrics and targets for sustainable operations. The company's commitment to investing in renewable energy, green hydrogen, and advanced recycling technologies underscores its dedication to environmental conservation and sustainability. The TNFD report includes detailed Biodiversity Management Plans (BMPs) and nature risk assessments at key JSL facilities in Jajpur, Hisar, and Vizag, showcasing a holistic approach towards environmental responsibility and resilience.
Topics
India
Renewable Energy
Investment
Decarbonisation
Waste Management
Net-zero Goals
Biodiversity Conservation
Carbon Capture Technologies
TNFD Framework
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