Jindal Steel & Power releases its first Business Sustainability Report

Jindal Steel and Power Limited (JSPL), India´s leading steel and power company, has released the company´s first Business Sustainability Report for FY 2013-14; showcasing Innovation as the corner stone of Sustainable Business. The Global Reporting Initiative (GRI) confirms that JSPL´s Business Sustainability report is the first G4 report in the metals sector in India. Ernst & Young LLP has also independently assured the report, establishing its merit.

GRI is the most widely respected sustainability reporting framework worldwide. The report outlines JSPL´s efforts to integrate sustainable business solutions through catalysing innovation, infusing global talent at top management, maintaining robust internal processes through a system´s driven approach, and ensuring environmental security.

Naveen Jindal, Chairman, Jindal Steel and Power Ltd. said, ´JSPL is committed to nation-building and in the process has always stepped forward to nurture a sustainable business environment. We firmly believe in ensuring a holistic growth of the organization with authenticity, and reaching out to a diverse group of stakeholders by reinvesting in avenues that will boost the future growth of JSPL and the society at large.´

It is important for the industries in steel and power sector to deploy environment management systems and make continuous efforts to reduce greenhouse gas emissions and air emissions. ´JSPL has adopted state-of-the-art technology and world class practices to spearhead the environment security issue and safeguard future generations,´ Jindal added.

Speaking on the occasion, Ravi Uppal, Managing Director & Group CEO, JSPL said, ´The business environment and regulations in which JSPL operates is changing and focusing on business sustainability ensures that we leapfrog on the opportunities that change always offers, and ensure that JSPL´s growth path remains holistic and indeed authentic.´

Jindal Steel and Power Limited (JSPL) is a $3.6 billion business conglomerate, and one of India´s fastest growing and largest integrated steel manufacturers, significantly present in steel, power generation and Infrastructure segments, catering to a large part of India´s domestic energy and infrastructure requirement. Part of the over $18 billion diversified OP Jindal Group, JSPL´s business operations span across Asia, Africa and Australia. The company has committed investments exceeding $30 billion in the future and has several business initiatives running simultaneously across continents.