Shyam Metalics and Energy Sustainability Profile
Shyam Metalics and Energy Limited, a prominent player in the Indian metal and energy sector, is headquartered in Kolkata, West Bengal. Established in 2002, the company has rapidly evolved, focusing on the production of iron and steel products, along with energy generation. With a strong operational presence across various regions in India, Shyam Metalics is renowned for its high-quality steel products, including long steel products and ferro alloys, which are integral to construction and infrastructure development. The company has achieved significant milestones, including a successful public listing in 2021, which has bolstered its market position. Shyam Metalics prides itself on its commitment to sustainability and innovation, utilising advanced technologies in its manufacturing processes. This dedication not only enhances product quality but also positions the company as a leader in the competitive landscape of the Indian steel industry.
DitchCarbon Score
How does Shyam Metalics and Energy'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 Salt and Mineral Mining 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
Shyam Metalics and Energy's score of 27 is lower than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Shyam Metalics and Energy's reported carbon emissions
In 2024, Shyam Metalics and Energy reported significant carbon emissions, with Scope 1 emissions totalling approximately 5,215,254,940 kg CO2e and Scope 2 emissions at about 386,819,380 kg CO2e. This data reflects their global operations, with a revenue of approximately USD 1,583,706,403. For the previous year, 2023, the company recorded Scope 1 emissions of around 3,729,472,080 kg CO2e and Scope 2 emissions of about 448,708,498.5 kg CO2e, indicating a notable increase in emissions year-on-year. In 2022, emissions were reported at approximately 4,671,629,940 kg CO2e for Scope 1 and 474,325,390 kg CO2e for Scope 2. Shyam Metalics has not disclosed any Scope 3 emissions data, nor have they set specific reduction targets or climate pledges. Their emissions intensity metrics indicate a Scope 1 and 2 emission intensity of about 7.2 kg CO2e per rupee of turnover in 2024, and 9.3 kg CO2e per rupee in 2023, suggesting a focus on improving efficiency relative to revenue. Overall, while Shyam Metalics and Energy has made strides in reporting their emissions, the absence of reduction targets and commitments highlights an area for potential improvement in their climate strategy.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 4,671,629,940 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 474,325,390 | 000,000,000.0 | 000,000,000 |
| Scope 3 | - | - | - |
How Carbon Intensive is Shyam Metalics and Energy's Industry?
How Carbon Intensive is Shyam Metalics and Energy's Location?
Shyam Metalics and Energy'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.
Shyam Metalics and Energy 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.
