The JSW Group has joined the World Business Council for Sustainable Development (WBCSD).
Mr. Seshagiri Rao, Joint Managing Director and Group CFO will represent the JSW Group at the council which has more than 200 companies as members.
He will also take part in the WBCSD CFO network, which is driving ESG performance within companies, and effective disclosure to capital markets, the company said in a press release.
“The JSW Group is joining WBCSD at an important time when expectations of business have never been higher,” said Joe Phelan, India Director, WBCSD. “It is a major player in the global steel industry, which is critical to climate action, as well as in energy, infrastructure, and more. We look forward to providing opportunities for them to increase and accelerate the role they play in a sustainable world.”
Peter Bakker, President and CEO, WBCSD, said, “Only collaboration at unprecedented levels will create the impact and scale of transformations that are required for more than 9 billion people to live well, within planetary boundaries, by mid-century – as laid out in Vision 2050: Time to Transform.”
It must be noted that the $22 billion multinational conglomerate headquartered in India, has set ambitious sustainability targets. For example, JSW Steel has set a target of reducing its CO2 emissions by 42% by FY2030, aligning its target with the Sustainable Development Scenario (SDS) of International Energy Agency (IEA). JSW Energy has committed to be carbon neutral by 2050.