Vardhman Special Steels
Vardhman Special Steels, a prominent player in the Indian steel industry, is headquartered in Ludhiana, Punjab. Established in 1965, the company has carved a niche in manufacturing high-quality special steels, catering to diverse sectors such as automotive, engineering, and construction. With a commitment to innovation, Vardhman Special Steels offers a range of products, including alloy steels, carbon steels, and stainless steels, known for their superior strength and durability. Over the years, Vardhman has achieved significant milestones, including the implementation of advanced manufacturing processes and quality certifications that underscore its market position. The company’s dedication to excellence has earned it a reputation as a trusted supplier, making it a preferred choice for clients seeking reliable steel solutions in India and beyond.
DitchCarbon Score
How does Vardhman Special Steels'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 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
Vardhman Special Steels's score of 24 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Vardhman Special Steels's reported carbon emissions
In 2023, Vardhman Special Steels reported carbon emissions of approximately 39,335,000 kg CO2e for Scope 1 and about 143,544,000 kg CO2e for Scope 2. This represents a significant reduction from 2022, where emissions were about 456,467,123 kg CO2e for Scope 1 and approximately 671,782,154 kg CO2e for Scope 2. The company has shown a commitment to reducing its carbon footprint, with emissions for Scope 1 decreasing further to about 36,774,000 kg CO2e and Scope 2 to approximately 129,559,000 kg CO2e in 2024. Despite these reductions, Vardhman Special Steels has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The company’s emissions intensity has also improved, with a reported intensity of 830 kg CO2e per tonne in 2023, down to 730 kg CO2e per tonne in 2024. This indicates a positive trend towards more sustainable operations, although further commitments and targets would enhance their climate strategy.
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Add to project| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 456,467,123 | 00,000,000 | 00,000,000 |
| Scope 2 | 671,782,154 | 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.
Vardhman Special Steels 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.
