JSW Steel joins the United Nations Global Compact initiative

12 Oct 2022 , 09:15 AM

JSW Steel announced that it has joined the United Nations Global Compact (UNGC) initiative – the world’s largest voluntary corporate sustainability initiative, as the newest participant.

JSW Steel is the fifth Indian firm in the “Industrial Mining and Manufacturing” category to join the UN Global Compact Initiative. JSW Steel is one of the thousands of businesses across the world that have joined this network in an effort to advance sustainable business practices.

The UN Global Compact encourages businesses to behave responsibly by aligning their operations and strategies with the UN’s Ten Principles. Additionally, it requires companies to promote social development on a larger scale in accordance with the UN Sustainable Development Goals (SDGs).

The UN Global Compact holds members to the highest sustainability standards and includes more than 20,000 firms from over 160 countries and 69 local networks. The JSW Foundation, the social arm of the JSW Group, is already a UNGC member and a part of the UNGC local network in India.

Signatories to the UN Global Compact are required to submit an annual report outlining their adherence to the global sustainability principles and development objectives. The company’s continuous initiatives and advancements will be described in JSW Steel’s annual Integrated Report.

At around 9.17 AM, JSW Steel was trading at Rs640.85 down by 0.25% from its previous closing of Rs642.45 on the BSE.

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