JSW Steel Ltd sets target for CO2 emission reduction

On a review of the decarbonisation pathway for JSW Steel, the Business Responsibility / Sustainability Reporting Committee of the Board of Directors of the Company, vide its resolution dated 19 August 2021 has set a target of achieving CO2 emissions of 1.95 tCO2e per tonne of steel by Fiscal 2030, which is a 23% reduction from FY20 and 42% reduction from the base year of 2005. The target set for CO2 emissions includes direct emissions (Scope 1) and energy indirect emissions (Scope 2) from its operating integrated steel plants at Vijayanagar, Dolvi and Salem and follows the Sustainable Development Scenario (SDS) pathway for Indian Steel Industry as proposed by the International Energy Agency (IEA) Iron and Steel Technology Road Map with an objective to reduce 60% of CO2 emissions by 2050.

Shares of JSW Steel Limited was last trading in BSE at Rs. 738.1 as compared to the previous close of Rs. 744.35. The total number of shares traded during the day was 241185 in over 4988 trades.

The stock hit an intraday high of Rs. 750 and intraday low of 732.6. The net turnover during the day was Rs. 178382458.

Source : Equity Bulls

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