Shyam Steel Industries Limited Sustainability Profile
Shyam Steel Industries Limited, a prominent player in the steel manufacturing sector, is headquartered in India and operates extensively across various regions. Established in 1953, the company has built a strong reputation for producing high-quality steel products, including TMT bars, structural steel, and wire rods, which are essential for construction and infrastructure projects. With a commitment to innovation and sustainability, Shyam Steel has achieved significant milestones, including the implementation of advanced manufacturing technologies. The company is recognised for its unique production processes that ensure superior strength and durability in its offerings. As a leader in the Indian steel industry, Shyam Steel Industries Limited continues to set benchmarks in quality and customer satisfaction, solidifying its market position through consistent growth and excellence.
DitchCarbon Score
How does Shyam Steel Industries 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
Shyam Steel Industries Limited's score of 9 is lower than 69% 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 Steel Industries Limited's reported carbon emissions
In 2024, Shyam Steel Industries Limited reported significant carbon emissions, with Scope 1 emissions totalling approximately 3,729,472,080 kg CO2e and Scope 2 emissions at about 448,708,498.5 kg CO2e. This reflects a decrease in emissions from 2023, where Scope 1 emissions were around 4,671,629,940 kg CO2e and Scope 2 emissions were approximately 474,325,390 kg CO2e. The company has disclosed emissions data for both Scope 1 and Scope 2 but has not reported any Scope 3 emissions. The intensity of emissions per rupee of turnover adjusted for Purchasing Power Parity (PPP) was 7.2 for 2024 and 9.3 for 2023, indicating an improvement in efficiency. Additionally, the total Scope 1 and Scope 2 emission intensity in terms of physical output was reported at 476.0 kg CO2e per tonne in 2024, down from 3,180.0 kg CO2e per tonne in 2023. Despite these figures, Shyam Steel Industries Limited has not set specific reduction targets or climate pledges, nor do they appear to be part of any recognised climate initiatives such as the Science Based Targets initiative (SBTi). The absence of formal commitments suggests a need for further action in aligning with industry standards for climate responsibility.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 4,671,629,940 | 0,000,000,000 |
| Scope 2 | 474,325,390 | 000,000,000.0 |
| Scope 3 | - | - |
How Carbon Intensive is Shyam Steel Industries Limited's Industry?
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Shyam Steel Industries 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.
Shyam Steel Industries 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.
