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It is the first such report in the stainless steel industry in India
New Delhi, February 10, 2025: Jindal Stainless, India’s largest stainless steel manufacturer, recently launched its first Task Force on Nature-Related Financial Disclosure (TNFD) Report, marking a significant milestone in its sustainability journey. This report outlines the company’s strategic approach to embedding nature-related considerations into its business operations, showcasing its commitment to sustainability, biodiversity conservation and proactive risk management, while balancing growth and social responsibility in addressing the global challenge of climate change.
The TNFD report underscores Jindal Stainless’ dedication to incorporate nature-focused strategies across all its operations, aligning with global standards such as the International Financial Reporting Standards (IFRS) and the Global Biodiversity Framework (GBF). The TNFD report aims to identify, assess, and mitigate nature-related risks while capitalising on opportunities to ensure business resilience and environmental stewardship. As an early adopter of the TNFD framework, the company has set the benchmark in the metals sector by adopting innovative and transparent approaches to managing dependencies on natural resources and biodiversity conservation.
Speaking on the launch of the TNFD report, Chief Sustainability Officer, Jindal Stainless Limited, Mr Kalyan Bhattacherjee, remarked, “At JSL, we believe that true progress comes from striking the right balance between growth and responsibility. This report represents our commitment to embedding nature-focused considerations into everything we do, ensuring our actions align with global goals like the Kunming-Montreal Global Biodiversity Framework. As an early adopter of the TNFD framework, JSL is proud to lead the way in India’s metals sector, demonstrating our dedication to transparency, thoughtful planning, and effective management of nature-related risks and opportunities. Our TNFD report is a call to action for everyone—our employees, partners, communities, and investors—to work together in creating a future where economic growth and environmental care go hand in hand.”
Underscoring a forward-thinking approach to sustainability and circular economy initiatives, the TNFD framework focuses on the four critical pillars of governance, strategy, risk and impact management to outline its metrics and strategic targets. Highlighting investments in renewable energy, Green Hydrogen and innovative recycling technologies, the report provides comprehensive Biodiversity Management Plans (BMPs) and nature risk assessments at key Jindal Stainless facilities in Jajpur, Hisar, and Vizag.
Identifying key risks and opportunities, Jindal Stainless’ TNFD Report outlines measures to enhance long-term business resilience and mitigating supply chain volatilities through sustainable sourcing practices. Leveraging tools like ENCORE and the WWF Biodiversity Risk Filter, Jindal Stainless has not only identified and mitigated risks, including habitat degradation and climate-induced disruptions, but has also demonstrated a proactive approach to achieving “No Net Loss” in biodiversity. By investing ₹700 crore in decarbonisation projects over the next five years, including renewable energy, Green Hydrogen, biodiversity conservation, waste management and carbon capture technologies, Jindal Stainless aims to achieve its financial and environmental goals, significantly reducing its GHG emissions and carbon intensity by 50% by FY35, and accomplishing net-zero emissions by 2050.
Read the report here
About Jindal Stainless
India’s leading stainless steel manufacturer, Jindal Stainless, had a consolidated annual turnover of INR 38,562 crore (USD 4.7 billion) in FY24 and is ramping up its facilities to reach 4.2 million tonnes of annual melt capacity in FY27. It has 16 stainless steel manufacturing and processing facilities in India and abroad, including in Spain and Indonesia, and a worldwide network in 12 countries, as of March 2024. In India, there are ten sales offices and six service centres, as of March 2024. The company’s product range includes stainless steel slabs, blooms, coils, plates, sheets, precision strips, wire rods, rebars, blade steel, and coin blanks. Jindal Stainless relies on its integrated operations to enhance its cost competitiveness and operational efficiency.
Founded in 1970, Jindal Stainless continues to be inspired by a vision for innovation and enriching lives and is committed to social responsibility.
Jindal Stainless remains focused on a greener, sustainable future, fuelled by environmental responsibility. The company manufactures stainless steel using scrap in an electric arc furnace, which involves lower greenhouse gas emissions and enables recyclability with no reduction in quality.
Follow Jindal Stainless on:
MD’s Twitter handle- https://twitter.com/abhyudayjindal
Website- https://www.jindalstainless.com/press-releases
Twitter- https://twitter.com/Jindal_Official
Facebook- www.facebook.com/JindalStainlessOfficial
LinkedIn- www.linkedin.com/company/jindal-stainless/
Connect with Jindal Stainless:
Sonal Singh | sonal.singh@jindalstainless.com | 011-41462140
Supriya Sundriyal | supriya.sundriyal@jindalstainless.com | 011-41462129