Modern Steels Limited Sustainability Profile
Modern Steels Limited, a prominent player in the steel manufacturing industry, is headquartered in India and operates extensively across various regions. Established in 1986, the company has consistently evolved, achieving significant milestones in production capacity and technological advancements. Specialising in high-quality steel products, Modern Steels offers a diverse range of items, including TMT bars, structural steel, and wire rods, known for their durability and strength. The company’s commitment to innovation and quality has positioned it as a trusted supplier in the construction and infrastructure sectors. With a robust market presence, Modern Steels Limited has garnered recognition for its sustainable practices and customer-centric approach, making it a leader in the Indian steel industry.
DitchCarbon Score
How does Modern Steels Limited's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Iron and Steel Production industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Modern Steels Limited's score of 0 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Modern Steels Limited's reported carbon emissions
In 2016, Modern Steels Limited reported a CO2 intensity of approximately 1,890 kg CO2e per tonne of crude steel cast, reflecting their emissions across all scopes. This figure indicates a slight increase from 2015, where the intensity was about 1,850 kg CO2e per tonne. Over the years, the company has shown fluctuations in CO2 intensity, with values ranging from about 1,750 kg CO2e in 2008 to 1,890 kg CO2e in 2016. Despite these emissions data, Modern Steels Limited has not disclosed specific targets for carbon reduction or climate commitments, such as Science-Based Targets Initiative (SBTi) goals or other formal climate pledges. The absence of documented reduction initiatives suggests that the company may be in the early stages of developing a comprehensive climate strategy. As a player in the iron and steel industry, Modern Steels Limited operates within a sector known for significant carbon emissions. The company’s performance in managing its carbon footprint will be crucial as global standards for emissions reduction become increasingly stringent.
How Carbon Intensive is Modern Steels Limited's Industry?
How Carbon Intensive is Modern Steels Limited's Location?
Modern Steels Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Modern Steels Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
