The company wants to cut 40% carbon emission and wants to replace thermal energy by renewables. JSW intends to raise ₹3,700 crore through the issue of sustainability bond in the external market. To reduce carbon footprint, the company plans to supplant thermal energy with renewable power.
The company has set a target to become carbon neutral and reduce carbon emission, by 2030. Also, the company plans to reduce carbon emission by 40%. Recycling all solid waste produced and attain zero discharge from the plant is the aim of JSW.
Seshagiri Rao, Joint Managing Director of JSW steel said that the company will use the raised fund for green initiatives.