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 12 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Shyam Metalics and Energy's reported carbon emissions
In 2023, Shyam Metalics and Energy reported total carbon emissions of approximately 4,671,629,940 kg CO2e for Scope 1 and about 474,325,390 kg CO2e for Scope 2. This represents a reduction from 2022, where emissions were approximately 5,215,254,940 kg CO2e for Scope 1 and about 386,819,380 kg CO2e for Scope 2. The company has demonstrated a commitment to reducing its carbon footprint, achieving a significant decrease in total emissions from 2022 to 2023. Looking ahead to 2024, Shyam Metalics and Energy aims to further reduce its emissions, with projected Scope 1 emissions of approximately 3,729,472,080 kg CO2e and Scope 2 emissions of about 448,708,498.5 kg CO2e. This trend indicates a proactive approach to climate commitments, although specific reduction targets or initiatives have not been disclosed. The company’s emissions intensity metrics show a decrease in emissions per rupee of turnover and in terms of physical output, reflecting ongoing efforts to enhance operational efficiency and sustainability. However, no formal climate pledges or Science-Based Targets Initiative (SBTi) commitments have been reported, suggesting that while progress is being made, there is potential for more structured climate action strategies in the future.
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Add to project| 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 committed to any reduction initiatives 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.
