Climate Change Data

Environmental Metrics

ESG Focus Areas

• Education
• Healthcare
• Rural Development
• Water Conservation
• Environmental Sustainability
• Disaster Management

Environmental Achievements

• Ensuring environmental sustainability (₹1,49,16,646 spent)

Social Achievements

• Construction of Auditorium (₹4,00,00,000 allocated, ₹4,00,00,000 spent)
• Promoting healthcare (₹60,25,000 spent)
• Promoting education (₹15,40,389 spent)
• Providing safe drinking water (₹2,31,020 spent)
• Promoting sanitation (₹74,813 spent)
• COVID-19 relief (₹45,00,000 allocated, ₹45,00,000 spent)
• Construction of rural roads (₹4,06,491 spent)

Governance Achievements

• Established a CSR Committee to oversee CSR activities

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Social Responsibility
• Governance

Environmental Achievements

• Reduced emissions (SOx and NOx) within permissible limits
• 94.07% solid waste recycle/reuse in plant
• Energy conservation initiatives (VFD installations, LED lighting, solar power)
• Water conservation initiatives

Social Achievements

• CSR initiatives focusing on education, healthcare, rural development, and community relief
• Employee safety and skill up-gradation training programs (50-92.5% coverage)
• Anti-Sexual Harassment Policy and Internal Complaints Committee in place

Governance Achievements

• Compliance with SEBI Corporate Governance guidelines
• Constitution of various Board Committees (Audit, Nomination & Remuneration, Stakeholders' Relationship, CSR, Share Transfer, Risk Management, Project Monitoring)
• Whistleblower policy in place

Climate Goals & Targets

Environmental Challenges

• Volatility in raw material prices (coking coal, iron ore)
• Uncertain demand in the automobile industry
• High input costs
• Increased cost of funds
• Delay in ongoing projects due to COVID-19 and funding availability

Mitigation Strategies

• Super Alloy plant commissioning to reduce dependence on automobile market
• Cost optimization measures
• Strict corporate governance policy and timely reporting system
• Hedging contracts for import transactions
• Vendor development program for local and small vendors

Supply Chain Management

Responsible Procurement

• Sustainable sourcing practices focusing on quality, environment, health, and safety

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SEBI Business Responsibility Reporting (BRR), National Voluntary Guidelines (NVG) on Social, Environmental and Economic Responsibilities of Business

Certifications: ISO 14001, ISO 45001

Sustainable Products & Innovation

• Stainless Steels
• Steel for Turbine Blades
• Steel for Defence

Environmental Metrics

ESG Focus Areas

• Education
• Healthcare
• Rural Development
• Water Conservation
• Protection of Flora and Fauna
• Environmental Sustainability

Environmental Achievements

• Spent ₹15,29,375 on Environmental Sustainability & Protection of Flora and Fauna

Social Achievements

• Spent ₹3,50,000 on Promoting healthcare including preventive healthcare
• Spent ₹11,05,890 on Promoting Special education and employment enhancing vocation skills especially among children and women
• Spent ₹20,99,408 on Making safe drinking water available
• Spent ₹51,30,760 on Promoting Sports & Cultural Activities
• Spent ₹88,67,004 on Relief under COVID 19 Pandemic
• Spent ₹5,61,320 on Rural Development Projects

Governance Achievements

• Established a CSR Committee to oversee CSR activities

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced net GHG (Greenhouse Gases) per MT of product by 30% by 2050 (Goal)
• Reduction in the Power consumption by using renewable power energy by 10% by 2026 (Goal)
• Achieved zero liquid discharge, blow down water discharge from all cooling towers are being reused as a make up to Sinter Plant, Mini Blast Furnace, Sponge Iron Plant, Steel Melt Shop and Rolling Mill. Domestic waste water is reused for tree plantation and firefighting water after treatment at Sewage Treatment Plant.

Social Achievements

• Various measures were taken to improve motivation level of each employee. As a result, many improvements were seen, where initiatives were undertaken to bring about a change in culture and mind set of the workforce of the Company.
• Employees' competencies and skills were enhanced by exposing them to several internal and external training programs.

Governance Achievements

• The Company has in place 'SISCO Code of Business Principles and Conduct' for its Board Members (including Non-executive, Independent Director/s) as well as Members of Senior Management.
• The Company is following 'SISCO Code for Prevention of Insider Trading' as per the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended.

Climate Goals & Targets

Environmental Challenges

• Susceptibility to fluctuations in raw material prices, changes in government regulations, and cyclicality in the steel and domestic auto industry
• Vulnerability to adverse changes in duties and tariffs
• Inability to pass on price hikes to customers immediately

Mitigation Strategies

• Proactive tracking of financial covenants and to manage the interest rate risk, treasury performs a comprehensive corporate interest rate risk management by balancing the proportion of fixed rate and floating rate financial instruments in its total loan portfolio.
• Regular review of hedging strategy, close monitoring of plant operations, cost optimization, inventory, receivables and trade payables.
• Continuous development of new grades of steel and upgradation of plant and equipment

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• During the course of meetings with value chain partners we try to ensure that the statutory dues have been deducted and deposited.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: BRSR

Certifications: ISO 9001:2015, IATF 16949:2016, ISO 14001: 2015, ISO 45001 :2018, AS 9100D / EN 9100:2018,PED and AD 2000, ISO IEC 17025:2017

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Education
• Healthcare
• Rural Development
• Water Conservation
• Environmental Sustainability
• Protection of Flora and Fauna
• Sports & Cultural Activities

Environmental Achievements

• Spent ₹ 17,07,379 on Environmental Sustainability & Protection of Flora & Fauna

Social Achievements

• Spent ₹ 33,14,783 on Promoting Health Care
• Spent ₹ 2,45,17,706 on Promoting Education
• Spent ₹ 7,61,233 on Promoting Safe Drinking Water
• Spent ₹ 70,80,566 on Promoting Sports & Cultural Activities

Governance Achievements

• Established a CSR Committee to oversee CSR activities

Climate Goals & Targets

Environmental Challenges

• Meeting the full 2% CSR obligation as per Section 135(5)

Mitigation Strategies

• Allocated ₹ 66,00,226 for future projects

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Companies Act, 2013, Schedule VII