Construction Industry News
One amongst only three steel companies from emerging markets that made it to the DJSI EM Index
JSW Steel, the flagship company of the diversified $13 billion JSW Group has been selected in the S&P Dow Jones Sustainability Index (DJSI) for the Emerging Markets for 2021.
JSW Steel is one of the 15 companies from India and one amongst only three steel companies from Emerging Markets that have made it to the DJSI EM Index which comprises 108 companies globally. The company has progressively improved its score across the three domains of Environment, Social and Governance.
DJSI is the gold standard for corporate sustainability and is highly regarded by global investors, fund managers, and financial analysts looking at ESG based investments. With a steel-making capacity of 27 million tonnes per annum (MTPA) in India & the USA, including capacities under joint control, JSW Steel has participated in the Corporate Sustainability Assessment conducted by the Dow Jones Sustainability Index. As a responsible corporate citizen, JSW Steel's carbon reduction goals are aligned to India's Climate Change commitments under the Paris Accord.
Seshagiri Rao, joint MD, JSW Steel & Group CFO, said, "The entry in the DJSI Emerging Markets Index is a testimony to our work and progress in the area of sustainability. JSW Steel has always been a front runner in incorporating ESG into its core operations and decision making, along with adopting the Best Available Technologies (BAT) to improve its climate impact performance.
JSW Steel has moved up from 81st to 93rd percentile y-o-y, with a major improvement in areas of policy influence, information and cybersecurity, codes of business conduct, supply chain management and materiality analysis. In the Environmental dimension, it has moved from 81st to 91st percentile y-o-y, with significant positive change in score across issues like operational eco-efficiency, biodiversity and climate strategy.
Manjit Jus, global head of ESG Research and Data, S&P Global said, A DJSI distinction is a reflection of being a sustainability leader in your industry. The record number of companies participating in the 2021 S&P Global Corporate Sustainability Assessment is testament to the growing movement for ESG disclosure and transparency.
The S&P Global Corporate Sustainability Assessment (CSA) is an annual evaluation of the sustainability practices of some of the world's largest companies. The CSA focuses on criteria that are both industry-specific and financially material and has been doing so since 1999. Offered by S&P Dow Jones Indices, the DJSI track the stock performance of the world's leading companies in terms of economic, environmental, and social criteria. The indices serve as benchmarks for investors who believe sustainable business practices lead to long-term shareholder value and who wish to reflect their sustainability convictions in their portfolios.
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