Shyam Metalics and Energy
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 29 is higher than 81% 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 total carbon emissions of approximately 4,218,655,578.5 kg CO2e, comprising about 3,729,472,080 kg CO2e from Scope 1 and approximately 448,708,498.5 kg CO2e from Scope 2 emissions. This represents a significant reduction from 2023, where emissions were about 4,141,488,330 kg CO2e, with Scope 1 emissions at approximately 4,671,629,940 kg CO2e and Scope 2 emissions at around 474,325,390 kg CO2e. The company has demonstrated a commitment to reducing its carbon footprint, achieving a notable decrease in emissions intensity. In 2024, the total Scope 1 and Scope 2 emission intensity was reported at approximately 476.0 kg CO2e per tonne of output, down from 3,180.0 kg CO2e in 2023. This trend indicates a proactive approach towards sustainability and climate responsibility. Despite these achievements, Shyam Metalics and Energy has not disclosed specific reduction targets or initiatives under frameworks such as the Science Based Targets initiative (SBTi). The absence of formal climate pledges suggests that while the company is making strides in emissions reduction, there may be opportunities for further commitment to structured climate action.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 5,215,254,940 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 386,819,380 | 000,000,000 | 000,000,000.0 |
| Scope 3 | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Shyam Metalics and Energy is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
