JSW Steel Limited

JSW Steel Limited, headquartered in India and operating within the basic iron and steel industry, has established significant climate commitments. For the reporting year 2023, the company reported substantial Scope 1 emissions, totalling approximately 49.36 billion kg CO2e. Scope 3 emissions for the same period were approximately 1.28 billion kg CO2e, with notable contributions from business travel, employee commute, purchased goods and services, waste generated in operations, and upstream and downstream transportation and distribution.

JSW Steel is actively pursuing emissions reduction targets. Notably, the company aims to reduce its CO2 emission intensity by 42% by 2030, using a 2005 baseline, aligning with India's Nationally Determined Contributions (NDC) commitment. This ambitious target is to be achieved through various strategies including energy transition to renewables, enhanced energy efficiency, process optimisation, increased scrap utilisation, and better resource management. Furthermore, JSW Steel is committed to reducing specific greenhouse gas emissions from its integrated steel plants to less than 2.0 tonnes of CO2 per tonne of crude steel by 2030. The company also aims to achieve carbon neutrality at JSW Steel Coated Products within the same timeframe.

While Scope 2 emissions data is not explicitly detailed for 2023, the company has reported Scope 1 and 2 emissions intensity figures. For instance, in 2023, the total Scope 1 and 2 emissions intensity was approximately 2,360 tonnes CO2e per tonne of crude steel. The company also reports intensity per unit of revenue, with a figure of about 8.46 x 10^-8 kg CO2e per INR for Scope 1 and 2 emissions in 2023. Historical data shows Scope 1 and 2 emissions of approximately 44.21 billion kg CO2e in 2022 and 37.52 billion kg CO2e in 2021. Earlier years' data, such as 2019 and 2018, indicate combined Scope 1 and 2 emissions of approximately 166.69 million kg CO2e and 156.07 million kg CO2e respectively. The company has also disclosed specific GHG emissions intensity figures for earlier years, such as 250,000.0 kg CO2e per tonne of crude steel in 2016.