JINDAL STAINLESS, WHICH makes stainless steel products for sectors like transportation and construction, is working on its Scope 3 emissions and is ready for the European Union's Cross Border Adjustment Mechanism (CBAM).
"We as a company are 100% ready. We have already invested in renewable power. We are going for hydrogen power as well. So, whatever comes in terms of CBAM, Jindal Stainless will be ready," said its managing director Abhyuday Jindal.
Jindal said that while EU's carbon tax is a challenge for the whole industry, the company, which is already 95% scrap based, is focusing on Scope 3 emissions by bringing all its suppliers on a technological automated platform.
"We have given them training. We have hired an agency which is sitting in each of our domestic suppliers' location, teaching them the right practices with focus on environment, social and governance," the MD said.
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