JSW Group collabs with World Business Council for Sustainable Development
JSW Group has joined over 200 forward-thinking companies as the newest member of the World Business Council for Sustainable Development (WBCSD). It will be represented in WBCSD by Seshagiri Rao, joint MD and group CFO, who also sits on the Board of Directors of JSW Steel.
With a culturally diverse workforce spread across India, the USA, Europe, and Africa, JSW Group directly employs nearly 40,000 people.
JSW has set sustainability targets viz JSW Steel has set a target of reducing its specific CO2 emissions by 42% by FY2030 and aligning its target with the Sustainable Development Scenario (SDS) of International Energy Agency (IEA).
JSW Energy has committed to be carbon neutral by 2050.
Rao says, “JSW is committed to harmonizing our business operations with the welfare of the planet enabling growth, sustainably. At JSW, we remain committed to creating a “Better today, Stronger tomorrow”. We are excited to join WBCSD to collaborate and drive transition for a better world for all.”
Peter Bakker, WBCSD president and CEO, said, “We are particularly excited to work with them and look forward to further developing our relationship, innovating with them and other members to make real, tangible progress to tackle the global pressing sustainability challenges of climate emergency, loss of nature and mounting inequality for a more sustainable world. 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.”
“JSW Group is joining WBCSD at an important time, when expectations of business have never been higher” said Joe Phelan, India director, WBCSD.