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| Overall Assessment |
Comment |
Score |
| Comprehensive |
JSW Steel discloses a wide-ranging and detailed picture of its climate-related lobbying. It names multiple concrete policies it has engaged on, including the “Perform-Achieve-and-Trade (PAT) scheme” under India’s Bureau of Energy Efficiency, the “Carbon Border Adjustment Mechanism (CBAM)”, the Indian government’s “Scrap Policy” and standards for slag sand use, forthcoming rules on “Mandatory carbon reporting”, and initiatives linked to “India NDCs”. The company is equally clear about how it lobbies: it describes “advocating with policy makers for defining the target for Indian steel making”, providing energy-use data to the Bureau of Energy Efficiency, holding “Discussion with Ministry of Environment, Forests & Climate Change on NAMAs for UNFCCC”, working with the Central Pollution Control Board and the Union Ministry of Steel, and engaging the EU on CBAM, demonstrating direct, targeted interaction as well as work through trade bodies such as WBCSD, CII and FICCI. Finally, JSW Steel sets out the specific outcomes it seeks, such as “benchmarking GHG performance of all steel plants”, having “energy efficiency measures … given credit for trading as commodity”, “defining the target for Indian steel making”, and “promot[ing] the use of slag sand to prevent/reduce the usage of natural river sand”. By spelling out the policies, its channels of influence and the concrete changes it wants to see, the company provides a comprehensive level of transparency around its climate-policy lobbying activities.
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4
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| Overall Assessment |
Comment |
Score |
| Comprehensive |
JSW Steel Ltd demonstrates a comprehensive governance process for climate lobbying, with clear mechanisms for oversight, monitoring, and alignment with climate goals. The company states that "the Board and the Sustainability Committee have stewardship over political lobbying activities, providing oversight on our approach and ensuring alignment with the Company’s interests and strategic priorities." This oversight includes alignment with policies such as the "Policy on Influencing Public and Regulatory Policy, Policy on Business Conduct, and Climate Change Policy," and issues are "communicated and reviewed from the Board and the Sustainability Committee on a half yearly basis." JSW Steel also describes a "systematic process to regularly review our involvement in industry and trade organizations," ensuring alignment with the Paris Agreement and reserving the right to act independently in cases of misalignment. The company actively engages in both direct and indirect lobbying, working with policymakers and trade associations such as WBCSD, WSA, ISA, CII, FICCI, and ASSOCHAM, and evaluates "any misalignment between changed policy positions of trade associations and our own climate position." Furthermore, JSW Steel provides detailed examples of its advocacy efforts, including participation in task forces established by India’s Ministry of Steel and chairing the Sustainability, Energy and Climate Change Committee at the Indian Steel Association. This indicates a robust governance framework that encompasses direct and indirect lobbying activities, with clear monitoring mechanisms, accountability structures, and alignment with climate-related goals.
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4
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