Climate Change Data

Jai Balaji Industries Limited

Climate Impact & Sustainability Data (2023-24)

Reporting Period: 2023-24

Environmental Metrics

Total Carbon Emissions:28,83,076.69 GJ (non-renewable) + 25,08,288.98 MT CO2e (Scope 1) + 2,74,833.18 MT CO2e (Scope 2)
Scope 1 Emissions:25,08,288.98 MT CO2e
Scope 2 Emissions:2,74,833.18 MT CO2e
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:28,83,076.69 GJ
Water Consumption:16,10,101 KL
Waste Generated:1.051 MT
Carbon Intensity:1.171386 per MT (Scope 1 & 2)

ESG Focus Areas

  • Environment, Health, and Safety (EHS)
  • Governance
  • Corporate Social Responsibility (CSR)

Environmental Achievements

  • Reduced coal, iron ore, and water consumption through optimized processes and improved energy efficiency.
  • Minimized emissions and pollutants through investments in pollution control technologies.
  • Implemented water-saving technologies and optimized processes to minimize wastewater generation.
  • Minimized energy use by utilizing alternative energy sources and implementing energy-saving technologies.
  • Operates as a Zero Liquid Discharge (ZLD) plant.

Social Achievements

  • Launched JBG HEXA TMT steel bars, aiming to expand market presence into the B2C segment.
  • Contributed to government initiatives like Jal Jeevan Mission and AMRUT.
  • Spent H321.18 Lakhs on CSR activities in areas of health, nutrition, water, education, livelihoods, infrastructure, sports, disabilities, grassroots governance, and women’s empowerment.
  • Maintained a zero-tolerance policy towards unethical behavior.
  • Implemented several measures to protect employee health, including an occupational health center, safety programs, and protective equipment.

Governance Achievements

  • Improved credit rating.
  • Strengthened foundation around business sustainability through a H1,000 Crore expansion program.
  • Implemented a robust system for hazard identification, evaluation, and control.
  • Established a Whistle Blower Policy.
  • Adopted a Nomination and Remuneration policy.

Climate Goals & Targets

Long-term Goals:
  • Alignment with a net-zero emissions pathway.
Medium-term Goals:
  • Achieve net debt free status.
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Sluggish demand from major downstream consumers (construction, automotive, infrastructure).
  • Project delays and reduced spending.
  • Overcapacity in the global steel market leading to price pressures.
  • Fluctuations in raw material prices (iron ore and coking coal).
  • Availability of cheaper imported steel.
  • Stricter environmental regulations and increased compliance costs.
  • Shortages of skilled labor.
Mitigation Strategies
  • Positioned in market segments insulated from imports and price erosion (ductile iron pipes and speciality ferro chrome alloys).
  • Implemented modular capital expenditure programs.
  • Invested in cutting-edge technologies for efficient resource conversion and reduced carbon footprint.
  • Focused on product and process development.
  • Remained open to acquisitions that can enhance value.
  • Diversified suppliers, maintained strategic inventories, and explored alternative sourcing options.
  • Investing in environmental management systems and adopting sustainable practices.
  • Investing in training and development programs, promoting employee retention, and leveraging technology to automate tasks.
  • Implementing stringent safety protocols and fostering a safety-conscious culture.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Sustainable sourcing procedures

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO 14064-1, ISO 14064-2

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • JBG HEXA TMT steel bars

Awards & Recognition

  • Not disclosed