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 21 is lower than 56% 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 reflects a slight increase in Scope 1 emissions from 2023, where they recorded approximately 4,671,629,940 kg CO2e, while Scope 2 emissions decreased from about 474,325,390 kg CO2e in the same year. The company has disclosed emissions data for both Scope 1 and Scope 2 but has not reported any Scope 3 emissions. The total emissions intensity for Scope 1 and Scope 2 per rupee of turnover was approximately 7.2 kg CO2e in 2024, compared to 9.3 kg CO2e in 2023, indicating an improvement in efficiency relative to revenue. Despite these figures, Shyam Metalics and Energy has not set specific reduction targets or climate pledges, nor have they cascaded any targets from parent organisations. The absence of formal commitments suggests a need for further action in aligning with industry standards for climate accountability. Overall, while the company has made strides in emissions reporting, the lack of reduction initiatives and targets highlights an area for potential growth 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 | 000,000,000 |
| 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.
