Jindal - Annual Report 23-24

Initiatives
Environment and Sustainability

Environment and Sustainability

PIONEERING AN ECO-EVOLUTION: FORGING A PATH

TOWARDS A GREENER WORLD

On March 4, 2024, Jindal Stainless commenced the inaugural usage of green hydrogen in its stainless steel plant in Hisar, Haryana. The plant generates 90 NM3 of green hydrogen per hour, cutting down 2,700 tCO2 e of carbon emissions annually. This initiative is in line with the company’s commitment to sustainability and its contribution to achieving net zero carbon emissions. The long-term commitment reflects the company’s forwardthinking approach to environmental responsibility while also diversifying and enhancing its energy mix. This is just the beginning of JSL’s green efforts. The company aims to expand beyond this pilot project and implement its success in other stainless steel manufacturing processes. This initiative is also a crucial step towards achieving a cleaner and greener future for the Indian stainless steel industry.

Diligently Ticking Off the E of ESG

World Environment Day serves as a powerful reminder to cherish the planet, even through small actions. At Jindal Stainless, sustainability is at the core of everything the company undertakes. On June 5, 2024, JSL marked World Environment Day by launching a 10-day ‘Go Green’ campaign to promote environmental sustainability among employees. As part of this initiative, the company conducted the third edition of its annual plastic waste collection drive across its corporate offices and manufacturing facilities in Jajpur, Odisha, and Hisar, Haryana. Hundreds of employees participated in this drive, held in association with the Green Dream Foundation, a non-profit organisation. This year’s drive led to the collection of 3.1 tonnes of plastic waste, surpassing last year’s total by more than 55%, and reinforced JSL’s commitment to environmental responsibility and sustainable practices.

JSL operates within an energy-intensive sector, with primary sources of direct emissions stemming from fuel consumption across its steel melting shop (SMS), rolling operations (hot and cold), captive power plant, and ferroalloy processing.

The company is committed to adopting Best Available Technologies (BAT), which are sustainable and eco-friendly. Its sustainability approach is anchored in a vision of green growth, leveraging innovative technologies, renewable energy, waste heat recovery, and energy-efficient solutions such as advanced water pumps, electric motors, extensive LED lighting, green hydrogen integration, and alternative fossil fuel sources.

To achieve its ESG goals, the company has undertaken several initiatives. It generates approximately 1.9 billion units of clean energy annually through various renewable energy projects. At its Hisar plant, 30% of liquid fossil fuels have been replaced with bio-LDO in the hot rolling mills, reducing carbon emissions by an estimated 17,400 tCO2e annually. Additionally, JSL has decreased its water consumption intensity from 7.39 m³/tcs in FY23 to 6.41 m³/tcs in FY24 and increased the utilisation of recycled materials in its input from 60% in FY23 to 72% in FY24.

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Crossing Green Milestones: JSL Marks Its Presence at COP28

Jindal Stainless marked its presence at the prestigious United Nations Conference of Parties (COP) 28 climate summit for the first time in December 2023. The company announced that it is on track to achieve its mid-term target of a 50% reduction in carbon emissions well before the target year of 2035. Also, the company is investing INR 700 crore in various sustainability projects aimed at reducing 1.5 million tonnes of carbon emissions annually.

As part of its decarbonisation efforts, the company has made internal improvements and implementations and tie-ups with external partners. These include digitalisation for sustainability data management through a unique ESG digital platform. It automatically collects production, energy, material consumption, and carbon emissions-related data directly from our ERP system SAP S/4HANA. The data will further help in accurate and transparent GHG accounting and reporting.

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INR 700 Cr

crore invested

Aim to reduce 1.5 Million

tonnes of carbon emissions annually
A Sustainable Future: Increasing Our Green Cover

JSL conducts regular tree plantation drives to contribute to the conservation and enhancement of biodiversity. The company recognises the significance of preserving the green cover in the vicinity of its operations. The company has undertaken a block plantation of approximately 20,000 trees, covering an area of 10 hectares near Ambasara, Sukinda, creating a greenbelt with a survival rate of over 95%.

In addition, a massive block plantation drive is being made outside the plant premises near Telibahali and Gosala in the Jaipur district. To date, 12,500 saplings have been planted, covering 17 acres, and 6,500 saplings have been planted, covering 9 acres, at Gosala, Jaipur Road, and Telibahali, Jajpur. The company is also in the process of conducting an outside block plantation suitable for Tussar cultivation over an area of 63 acres in Sukinda Tehesil, with land provided by the district administration.

JSL has planted over 35 lakh trees in and around its areas of operation, demonstrating its commitment to environmental sustainability and the creation of green spaces for future generations.

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20,000 Trees

to be planted

10 Hectares

of greenbelt cover

95%

Greenbelt survival rate
Harnessing Solar + Hydro Power: Our Clean Energy Initiatives

The company has taken significant steps towards sustainability and clean energy. The commissioning of a floating solar power plant on the water reservoir of the Jajpur unit, alongside a rooftop solar plant at the Hisar unit, marks a milestone in the company’s green energy endeavours. Notably, Odisha’s first 7.3 MWp floating solar power plant at the Jajpur unit and a 6.54 MWp rooftop solar plant at the Hisar unit exemplify the company’s commitment to renewable energy.

These projects are set to produce over 1,179.8 million units (kWh) of clean electricity, significantly reducing carbon footprints. With the potential to mitigate 11.51 lakh tonnes of CO2 emissions over their operational lifespan, the company’s initiatives are both environmentally impactful and a testament to its dedication to sustainable development. Additionally, plans for another 23 MWp of rooftop solar plant at Jajpur is underway, further reinforcing the company’s resolve to contribute to a greener future.

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1,179.8 Million+

units (KWh) of clean electricity

11.51 Lakhs

tonnes of CO2 to be mitigated

23 MWp

of rooftop solar plant planned at Jaipur
Green Collaborations: Strategic Partnerships in Renewable Energy

In a significant step towards sustainability, the company has signed a Memorandum of Understanding (MoU) with M/S Oyster for a Wind-Solar Hybrid Renewable project. This initiative, set to generate 100 MW of renewable energy at Hisar, is expected to provide round-the-clock power and has the potential to abate approximately 4,35,372 tCO2e of carbon emissions.

Further, JSL has signed an MoU with Renew Power for a 100 MW round-the-clock renewable energy supply at their Jajpur facility. This initiative is expected to significantly reduce CO2 emissions by over 4,00,000 tonnes annually. Additionally, a second MoU has been signed for another 100 MW unit, which will offer similar environmental benefits. Moving forward, Jindal Stainless commits to meeting all incremental power requirements through renewable sources, underscoring its commitment to sustainable practices.

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4,00,000 Tonnes

CO2 is expected to reduce annually

100 MW

of renewable energy is set to generate at Hisar