Steel is the product, which is not consumed, only used, as it is reusable or recyclable.
Recently JSW steel announced the launch of new low
emission steel brand called JSW GreenEdge. It is a certificate based low
carbon emission steel solution.
This is a significant development in terms of
reducing the GHGs in steel industry, this will in-turn reduces or help
downstream value chain GHG reduction. as world grows more and more steel
consumption is eminent in building infrastructure facilities and also in the
growing real estate industry.
This will push other steel manufacturing
companies to consider shifting of traditional steel manufacturing methods to
sustainable ways.
GreenEdge is developed following worldsteel’s
Chain of Custody Guidelines (2024) and utilizing the Book and Claim approach,
GreenEdge ensures verified CO₂ reductions and transparency.
JSW is also the winner of the BT
India’s most sustainable companies 2025 in manufacturing industry (JSW Steel
and JSW Energy in Metal & Mining and Power generation sector)
Book:
The verified reductions are then
booked and stored securely in a virtual CO₂ bank monitored by a third-party
auditor.
Purchase and allocation:
Customers purchase GreenEdge
steel and are supplied with a certificate of CO₂ emission reductions along with
a document stating the GHG emission intensity of the steel products.
Claim:
Customers can claim the carbon
reductions associated with their purchased GreenEdge steel toward their
sustainability targets, such as Scope 3 emissions reduction.
Third-Party Verification and
Assurance:
All CO₂ reductions are
independently verified by leading third-party certification bodies. These
savings are documented and deposited in a virtual CO₂ bank, which is also
monitored by third party auditor.
CO2 reduction:
JSW GreenEdge Steel offers
flexible CO₂ reductions, It allows customers to purchase low carbon emission
steel with verified reduction certificates as per their requirements.
Offsetting:
GreenEdge Steel is an insetting
scheme rather than an offsetting scheme, the CO₂ reductions occur within the
JSW Steel's value chain itself.
Meeting scope 3 emission
reduction goals:
GreenEdge Steel helps businesses
achieve Scope 3 emissions reductions by providing verified CO₂ reductions.
These reductions can be counted towards businesses sustainability commitments
and targets, contributing to towards theirs sustainable supply chain goals.
Onward selling:
It is aligned with the worldsteel’s
Chain of Custody Guidelines (2024), ensuring that reduction certificates are
not sold onward.
Brief about the Chain of
custody:
Chain of custody is a method in
which inputs and outputs and associated information are transferred, monitored
and controlled as they move through each step in the relevant supply chain.
Chain of custody is an increasingly important method of managing certifications
and declarations of safety, sustainability and social compliance for a variety
of products.
JSW being the leading steel manufacturing company and also a best steel company in India and exports to 5 continents, this major leap will help the company to secure more orders for its steel.
What are your thoughts on this? leave a comment.
No comments:
Post a Comment