JSW Steel is undertaking various initiatives to reduce carbon footprint in line with India's net zero ambitions. The company has already earmarked a sum of Rs 10,000 crore to increase the use of renewable energy to replace thermal power and other green initiatives. Besides, JSW Steel contracted for 1 gigawatt (GW) of renewable energy, of which 225 MW has become operational in April 2022, and the balance will come on stream in phases.
Earlier, JSW Steel had partnered with US-based Boston Consulting Group (BCG) to meet its decarbonization goals. The company has an ambitious target of reducing its carbon emission by 42% by 2029-30 versus base year 2005. This collaboration is focused on applying digital and analytics to track, measure, simulate and enhance the company's environmental performance.
JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.
