NEW DELHI (India CSR): 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.
Commitment to Global Standards
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.
Leadership Perspective
Speaking on the launch of the TNFD report, Chief Sustainability Officer, Jindal Stainless Limited, 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.”
Focus on Sustainability
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.
Investments in Green Solutions
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.
(India CSR)
