Jindal Stainless (JSL) will invest Rs 700 crore over the next five years to advance its decarbonisation efforts and achieve Net-Zero emissions by 2050. The company aims to cut greenhouse gas (GHG) emissions and carbon intensity by 50 percent by FY35 through initiatives like renewable energy, green hydrogen, biodiversity conservation, waste management, and carbon capture technologies.

"By investing Rs 700 crore in decarbonisation projects over the next five years...aim is to achieve financial and environmental goals, significantly reducing GHG emissions and carbon intensity by 50 per cent by FY35, and accomplishing net-zero emissions by 2050," JSL said. The company has also introduced a task force for nature-related financial disclosure (TNFD) to identify, assess, and mitigate nature-related risks while ensuring business resilience and environmental sustainability.

The TNFD framework is based on four key pillars - governance, strategy, risk, and impact management. The company is developing biodiversity management plans (BMPs) and conducting nature risk assessments at its major facilities in Jajpur, Hisar, and Vizag. These efforts are aimed at integrating sustainable practices across its operations.