Sustainability at JSW Steel

At JSW Steel, we pursue our business objectives ethically, transparently and with accountability to our stakeholders across the value chain. We are committed to promoting responsible behaviour and ensure social and environmental wellbeing.

We rely on the following areas to do our business responsibly:

A dynamic leadership
Adherence to core values
A well-articulated Enterprise Risk Management Framework
Practices that seek to sustain and enhance the long-term competitive advantage of JSW Steel with care for society and the environment

Protect and restore environment

We constantly try to learn about global and local issues, and have taken on the responsibility to address and tackle global long-term challenges such as demographic change, climate change, and diminishing resources in a socially, ecologically and economically responsible manner. Various policies, programmes, systems and initiatives are already in place.

We have developed a Policy on Conservation and Preservation of the Environment which also extends to the entire value chain. All the plants maintain the generation of emissions and waste within the permissible limits. There are no pending legal notices received from the CPCB or SPCB at any of JSW Steel’s operations.

Highlights

Sustainability Performance FY 2015-16

71%

Waste heat utilisation

943,808 MT

Scrap recycled

30%

Recycled and reused wastewater

98.5%

Waste gases utilisation

1,897 MT

Waste (non-hazardous + hazardous) recycled

76%

Inbound and outbound logistics by rail

7,515GJ

Reduction of indirect energy consumption from FY 2014-15

3,496tCO₂e

Reduction of indirect energy consumption from FY 2014-15

18%

Increase in CSR expenditure
from FY 2014-15

3.51Mn GJ

Total energy saved

9%

Decrease in lost time injury frequency rate since FY 2014-15

MT – Metric Tonnes | GJ – Gigajoules | CO2e – Carbon Dioxide Equivalent

Improvement in Safety Performance

In FY 2015-16, 11,178 employees at our plants, including associate employees were trained in various internal safety standards to inculcate good safety practices.

Engaging with key stakeholders

We firmly believe that business sustainability is possible only by taking along all stakeholders, internal as well as external. Interactions with around 300 internal and external stakeholders were held across all locations, including the corporate office during the year. The extensive exercise has been conducted to identify the material issues and the key stakeholder groups. This would be used to develop a framework leading to a sustainable business strategy. Risks and opportunities, related to respective functions, were compiled and analysed to develop a holistic insight into all aspects of the business.

Lost Time Injury
Frequency Rate (LTIFR)

Consequently, an LTIFR of 0.5 was achieved - an improvement of 9% and 49% over
FY 2014-15 and
FY 2013-14, respectively.

Key stakeholders and material aspects

Developing Sustainable Products

The role of developing sustainable products to reduce the environmental and social impacts of the Company’s operations is gaining importance with each passing day. By incorporating environmental and social concerns into the product design philosophy, JSW Steel has developed certain products, which are not only unique, but also at the same time, are environmentally friendly.

We have taken a significant initiative by manufacturing customised products for passenger vehicles, thereby becoming a market leader. Previously, these products were imported due to the deficit of quality suppliers in India. This development promoted the following positive impacts:

Helped improve the local economy
Supported the Government’s ‘Make in India’ initiative
Avoided emission of greenhouse and other gases due to reduced import logistics
Ensured cost saving for customers
Enhanced passenger safety