Jindal's ₹700 Crore Green Leap: Net-Zero by 2050

Jindal Stainless (JSL) plans to invest ₹700 crore over the next five years to accelerate its decarbonization efforts and achieve Net-Zero emissions by 2050. The company aims to reduce greenhouse gas (GHG) emissions and carbon intensity by 50% by FY35 through initiatives such as renewable energy adoption, green hydrogen usage, biodiversity conservation, waste management, and carbon capture technologies.

"As part of our commitment to sustainability, JSL is investing ₹700 crore in decarbonization projects over the next five years to align financial growth with environmental responsibility. Our goal is to cut GHG emissions and carbon intensity by 50% by FY35 and reach Net-Zero emissions by 2050," the company stated.

Additionally, JSL has introduced a Task Force on Nature-related Financial Disclosures (TNFD) to identify, assess, and mitigate nature-related risks while ensuring business resilience and environmental sustainability. The TNFD framework is built on four key pillars: governance, strategy, risk management, and impact assessment.

The company is also developing biodiversity management plans (BMPs) and conducting nature risk assessments at its key facilities in Jajpur, Hisar, and Vizag to further integrate sustainable practices across its operations.

News by Rahul Yelligetti.