Climate Policy Engagement Analysis
Climate Policy Engagement Overview: JSW Steel has a high level of engagement with climate policy. The company displays largely positive positions in its top-line messaging on climate policy, while its engagement with climate-related regulations is limited to comments on greenhouse gas emissions targets. JSW Steel’s positioning on the energy transition is supportive, consistently promoting the decarbonization of the steel sector and supporting wider decarbonization efforts.
Top-line Messaging on Climate Policy: JSW Steel displays largely positive top-line messaging on climate policy. In an August 2023 joint letter from Indian companies to G20 leaders, JSW Steel endorsed greenhouse gas (GHG) emissions reductions in line with the 1.5°C target and called for further global cooperation, technology transfer and finance to ensure that developing countries can be supported in reaching the target. In the same August 2023 joint letter, the company also endorsed the goals of the Paris Agreement and called for measures to speed up the pace of achieving the nationally determined contributions. Besides, JSW appeared to support India’s 2070 net-zero GHG emissions target in its Integrated Report 2022–23, published July 2023.
Engagement with Climate-Related Regulations: JSW Steel has limited engagement with climate-related regulations and predominantly comments on greenhouse gas emissions targets. In its December 2023 Steel Standard Principles, the company advocated “technology-agnostic” performance-based measures to drive the decarbonization of the global steel industry. In addition, the CEO of JSW Steel, Jayant Acharya, called on G20 countries to implement ambitious decarbonization targets in an August 2023 media release of the Climate Group. He also appeared to support a mandate for steel recycling from old automotives in India, as reported by the Business Standard in September 2024.
Positioning on Energy Transition: JSW Steel adopts largely supportive positions on the transition of the energy mix. In an August 2023 joint letter, the company endorsed measures to decarbonize the energy sector, including the phase-out of fossil fuels in line with 1.5°C pathways, and reform of fossil fuel subsidies by 2025. In addition, the company supported the decarbonization of hard-to-abate sectors and advocated for a “just transition.” In line with this, in an August 2023 media release of the Climate Group, JSW Steel called on G20 countries to commit to decarbonization roadmaps for all industrial sectors. Further, JSW Steel appeared to support the decarbonization of industry and generally supported the decarbonization of hydrogen production in its Integrated Report 2022–23.
Industry Association Governance: JSW Steel has disclosed a list of its industry association memberships, but it excluded its membership of the American Petroleum Institute (API) via JSW Steel USA. The company does not appear to have disclosed an account of its industry associations’ positions and engagement activities, and it has not published an audit of alignment with its industry associations on climate-related matters. JSW Steel is a member of associations that generally adopt a mixture of positive and negative positions on climate policy, including the Confederation of Indian Industry, Indian Steel Association and World Steel Association, whose Vice Chairman is the Chairman and Managing Director of JSW Steel. Further, with JSW Steel USA being a member of the API, the company is part of an association that traditionally displays negative positions on climate policy.
InfluenceMap collects and assesses evidence of corporate climate policy engagement on a weekly basis, depending on the availability of information from each specific data source (for more information see our methodology). While this analysis flows through to the company’s scores each week, the summary above is updated periodically.
Additional Note: JSW is headquartered in India, where InfluenceMap’s LobbyMap platform can currently only make a provisional assessment of corporate climate policy engagement, due to limited capability to access publicly available data on this issue. As it is possible that InfluenceMap is not yet able to fully capture evidence of JSW Steel's climate policy engagement activities, these scores should be considered provisional at this time.
This summary was last updated in Q2 2025.