Climate Change Data

Environmental Metrics

ESG Focus Areas

• Occupational Health and Safety
• Environment Management
• Community Development
• Human Rights
• Women Empowerment

Environmental Achievements

• Planted approximately 2000 trees in Masbaras village and other locations; implemented dust suppression measures (water sprinkling, treated water for spraying); minimized hazardous waste through waste segregation and responsible disposal; implemented energy saving measures (solar power plant, LED lighting); implemented water conservation measures (rainwater harvesting, treated water reuse).

Social Achievements

• Provided health centers at various mining units; organized health camps and awareness programs; supported skill development, education, and literacy programs; supported sports and cultural activities; provided drinking water facilities; supported infrastructure development (roads, drains).

Governance Achievements

• Implemented ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications; established a Sustainable Development Unit; implemented risk mitigation measures; ensured compliance with MMDR Act 2015; implemented policies on human rights and women empowerment.

Climate Goals & Targets

Environmental Challenges

• Challenges in obtaining government clearances; delays in allocation of mineral leases; law and order problems in the area; risks associated with project execution; health and safety risks inherent in mining; environmental and biodiversity risks; transport and logistics risks; managing community expectations.

Mitigation Strategies

• Risk mitigation strategies implemented across various areas (operational, project execution, health & safety, environment, transport & logistics, community engagement); proactive engagement with stakeholders; implementation of safety norms and training; environmental protection measures; community development initiatives.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Transparency, Accountability & Reporting
• Business Ethics
• GHG Emission & Climate Change
• Occupational Health & Safety
• Human Rights Practices
• Water and Waste Water Management
• Employee Well-being and Engagement
• Energy Management
• Sustainable Sourcing
• Employee Diversity
• Employee Practices and Benefits

Environmental Achievements

• Implemented Waste Water Treatment Plant, Effluent Treatment Plant and Sewage Treatment Plant towards its goal to achieve Zero Waste Water Discharge
• Timely disposal of plant waste through robust systems including recyclers, incineration, landfilling and third-party disposal process
• Energy-saving initiatives undertaken at various locations (energy-efficient equipment, LED lighting, etc.)

Social Achievements

• Managed CSR budget by engaging with the local community and positively impacted around 1.9 lakh beneficiaries from vulnerable and marginalized class
• Achieved a great place to work award for the preceding last 2 years.

Governance Achievements

• Prepared and approved a comprehensive BRSR report in the format mandated by SEBI for the first time.
• Adopted policies for nine BRSR principles mandated by NGRBC.

Climate Goals & Targets

Environmental Challenges

• Lack of transparency raising suspicions and eroding trust among stakeholders.
• Transition to a low-carbon economy introducing risks to certain industries.
• Hazards caused in the working environment leading to injuries, accidents, illness and fatalities.
• Risks involving non-compliance with safety measures by employees and non-awareness of a safe and secure environment.
• Steel mining locations being remote locations with minimum access to urban infrastructure and skilled manpower.
• Continuously increasing energy prices and conventional energy causing environmental footprints.

Mitigation Strategies

• Reporting all desired mandatory disclosures and adhering to all regulatory requirements/guidelines.
• Continuously trying to be energy efficient across different processes and products; working on developing long-term goals like net zero years.
• Having a health and safety policy in place to identify, mitigate and control potential hazards; ongoing effort to improve health and safety conditions across all plants.
• Having a human rights policy and ensuring that there is no discrimination in the workplace.
• Striving to build caring relationships with employees; employee well-being being a top priority; various initiatives taken for the same.
• Having energy conservation initiatives to ensure efficient management of energy at all units.

Supply Chain Management

Responsible Procurement

• Supplier code of conduct

Climate-Related Risks & Opportunities

Opportunities

• Implementing energy-efficient technologies and practices leading to significant cost savings.

Reporting Standards

Frameworks Used: NGRBC

Certifications: ISO 14001:2015, ISO 9001:2015, ISO 45001:2018, IATF 16949:2016

Third-party Assurance: Care Edge Advisory Research and Training Limited

Awards & Recognition

• Great Place to Work Award

Environmental Metrics

ESG Focus Areas

• GHG Emission & Climate Change
• Water and Wastewater Management
• Energy Management
• Waste management
• Sustainable Sourcing
• Biodiversity
• Human Rights Practices
• Employee Diversity
• Employee Practices and Benefits
• Employee development and Engagement
• Employee volunteering/CSR
• Occupational Health & Safety
• Supply Chain Sustainability
• Business Ethics
• Board Diversity & Independence
• ESG oversight
• Transparency, Accountability & Reporting

Environmental Achievements

• Reduced 19% energy consumption in FY 2023-24 compared to FY 2022-23
• Achieved and maintained Zero Liquid Discharge (ZLD) across all manufacturing facilities

Social Achievements

• Created positive impact in more than 1,50,000 people through implementation of CSR programmes

Governance Achievements

• Implemented robust governance frameworks
• Embedded ESG related risks in the enterprise level risk management framework

Climate Goals & Targets

Environmental Challenges

• Steel manufacturing process is energy and carbon intensive due to dependency on fossil fuels leading to GHG emissions.
• Climate change related risks may pose physical and transition risks.
• Stringent regulatory criteria and emission norms may require huge expenditure and time to transform the business.
• Violation of human rights and labour laws may lead to stringent action by regulatory agencies.
• Non-compliance to labour laws may negatively affect employee morale.

Mitigation Strategies

• Increase the percentage of renewable energy, switch to cleaner fuels, deploy energy efficient equipment & processes.
• Conduct energy audits and implement energy conservation measures.
• Implement circular economy model by enhancing reuse & recycling.
• Conduct continuous monitoring to identify & mitigate human rights related violations.
• Align human rights related policies, procedures and practices in compliance with the applicable laws.
• Conduct training programmes to employees and workers on basic human rights.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct (SCoC)

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Stringent regulatory criteria and emission norms

Opportunities

• Switching to energy efficient equipment and optimisation of processes

Reporting Standards

Frameworks Used: GRI, NGBRC

Certifications: ISO 14001:2015, ISO 9001:2015, ISO 45001:2018, ISO:50001-2018, IATF 16949:2016, Great Place to Work

Third-party Assurance: Not Applicable

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Award for TPM Excellence Category A - 2023 by Japan Institute of Plant Maintenance (JIPM)