Correct Answer : Option (A) - JSW Steel
JSW Steel on Monday(18th July 2022) said it has partnered with US-based Boston Consulting Group (BCG) to meet its decarbonization goals.
JSW Steel has an ambitious target of reducing its carbon emission by 42 per cent by 2029-30 versus base year 2005.
According to a ministry document, the iron and steel industry globally accounts for around 8 per cent of total carbon dioxide (CO2) emissions on an annual basis, whereas in India, it contributes 12 per cent to the total CO2 emissions.
Thus, the Indian steel industry needs to reduce its emissions substantially in view of the commitments made at the COP26 climate change conference.
Seshagiri Rao, Joint Managing Director of JSW Steel and Group CFO said, JSW Steel is partnering with BCG to accelerate its journey towards meeting emission targets..Source : Business Standard
Published On : July 20, 2022
Category : Business and Economics