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JSW Steel CEO Spreads Word of Decarbonization and Green Steel Mandate for Sustainable Growth

Updated: April 24, 2025 12:57

Image Source: Only IAS
The CEO of JSW Steel has highlighted the urgent necessity for heavy investments in decarbonization and the viability gap funding that will facilitate a shift towards the production of green steel. JSW Steel is also pushing for a government mandate to include consumption of green steel in government projects with the purpose of increasing demand and promoting sustainability.
The highlights are as follows:
  • Decarbonization Investments: JSW Steel will invest $1 billion to become carbon neutral by 2050, with emphasis on CO2 emissions intensity reduction and the use of high-end technologies such as green hydrogen and carbon capture.
  • Viability Gap Funding: The CEO emphasized the need for finance support mechanisms to close the gap between the cost of conventional steelmaking and green steelmaking.
  • Green Steel Mandate: JSW Steel is calling on the government to make it compulsory to use green steel in infrastructure development to generate a consistent demand and drive the industry towards sustainable practices at a faster pace.
  • Sustainability Targets: The company plans to reduce emissions to 1.95 tonnes of CO2 per tonne of steel by 2030 and reach net neutrality by 2050, which will be in line with India's overall climate goals.
These efforts reinforce JSW Steel's focus on innovation, sustainability, and playing a key part in creating a low-carbon future for India.
 
Sources: Economic Times, Construction Business Today, India CSR

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