Mumbai, 11 October 2022 – JSW Steel, the flagship company of the diversified US$ 22 billion JSW Group announced today that it has joined as the newest participant of the United Nations Global Compact (UNGC) initiative – the world’s largest voluntary corporate sustainability initiative.
JSW Steel has joined this global network of thousands of companies committed to taking responsible business action to pave the way for a sustainable world and is the 5th Indian company in the ‘Industrial Mining and Manufacturing’ category to join the UN Global Compact Initiative.
The UN Global Compact encourages companies to conduct business responsibly by aligning their operations and strategies with the UN’s Ten Principles. It also commits companies to take actions to advance broader social benefits, in accordance with the UN Sustainable Development Goals (SDGs).
With more than 20,000 companies in over 160 countries participating, and over 69 Local Networks – the UN Global Compact holds members to the highest sustainability standards. JSW Foundation, the social arm of the JSW group is already a member of UNGC and part of the India local network of UNGC.
“We are happy to get associated with the United Nations Global Compact in an endeavor to further expedite our sustainability efforts,” said Mr. Seshagiri Rao – Joint MD, JSW Steel & Group CFO. “A majority of JSW’s strategic focus areas & organizational goals have been formulated to align with the UN SDGs. With this formal membership, we intend to continue executing operations & practices sustainably, that harmonize with these objectives, and to participate in global efforts toward a just and sustainable future.”
Participation in the UN Global Compact requires signatories to report yearly on their commitment to the universal sustainability principles and development goals. JSW Steel’s annual Integrated Report will outline the company’s ongoing efforts and progress.