MORE SMILES PER TON OF STEEL: JSW STEEL'S 2014-15 SUSTAINABILITY REPORT

MORE SMILES
PER TON OF STEEL

SUSTAINAB IL IT Y RE PORT 201 4-1 5
Content
From the Chairman’s Desk 1
MORE SMILES PER TON OF STEEL
Maximising our Contribution to Nation Building
Setting the Context 3

Vision, Mission and Values 7
Strategic Focus 8
Sustainability at JSW Steel is about Engaging for Growth
Key Initiatives
9
11
creating as many positive impacts as
possible in terms of economic, environmental
Message from Joint Managing Director 13
and social aspects of the business in an Integrity Guides our Value Creation
integrated manner, ultimately contributing
Governance 15
to more smiles per ton of steel manufactured Compliance 17
Human Rights 18
Colloborating to Create Mutual Trust 19
Economic Performance 21
Message from Deputy Managing Director 23

Clean and Safe World Class Manufacturing
Resource Stewardship 24
Safe and Healthy Workplace 29
Message from Director, Commercial & Marketing 31

Responsible Value Chain
Product Stewardship 32
Customer Satisfaction 33
Responsible Supply Chain 34
Message from President, Group Human Resources 35

Caring, Sharing and Growing
People and Diversity 37

Passion for Learning 41
Message from CEO, JSW Foundation 43

Empowering and Inclusion
Empowering Communities-Harnessing Partnerships 44

Delivering Measured Outcome 45
End Notes from Chief Sustainability Officer 47
Key Accomplishments 49
Independent Assurance Statement 50
GRI Application Level Service and Content Index 52
NVG Mapping 53
UN SDG Mapping 54
WSA Indicators 55
Abbreviations 56
1 2
JSW Steel Ltd. Sustainability Report 2014-15
consolidating its numero uno position, it envisions implement to ensure safety in the work place. We
creating additional capacity by 2025. This invested significant resources in imparting training
expansion is to be achieved despite challenges in on safety; this has paid us rich dividends by
access to natural resources like land, water, iron significantly reducing the Lost Time Injury Rate
ore and coal. Mindful of these challenges we have over the previous fiscal.
strategies in place to address them; technology
and making the value chain more efficient are the We aim to be an employer of choice, which can be
two main levers for this. achieved by inspiring our workforce as well as
enabling them to develop professionally. We foster
At JSW Steel, we constantly strive to improve our a work culture that is growth-focussed and
operational efficiency. Consequently, we have performance-driven. We ensure an encouraging
been able to enhance yield and reduce our overall and bias-free workplace through our policies and
“During the financial environmental footprint. With the help of the new practices encompassing human rights, ethics and
year ending March 2015, cold rolling mill we have been able to transparency.
JSW Steel demonstrated enrich our product mix by
dexterity with which we grew focussing on value-added It is our firm belief that the ability to develop and
our business and ultimately “With the help of the and special steel deliver consistently is possible solely through
created more smiles per ton new cold rolling mill products. The new innovation and partnerships, along the value chain
of steel. This is a direct outcome we have been able to enrich products are designed with our suppliers, contractors and customers, in
of the “Will of Steel” - our product mix to contribute to order to co-create and deliver to continuously
a credo that epitomises by focussing on value-added resource efficiencies changing market requirements. This is critical in
From the Chairman’s our approach”. and special steel products.
The new products are
in the value chain. helping us future-proofing our business.
Desk designed to contribute We take the utmost Our work towards the empowerment of our
to resource efficiencies care to ensure our neighbouring communities has gained more focus
created more smiles per ton of steel. This is a in the value chain”. operations do not lead to and drive, with greater commitment to deliver
Maximising our Contribution direct outcome of the “Will of Steel” - a credo that diminishing the natural capital. better results. We have become more
to Nation Building epitomises our approach. Despite a dip in Our plants are among the most impact-oriented and ensure that we achieve the
realisation owing to a surge in imports and energy-efficient, water-efficient and least polluting. desired outcomes. Our investment into the
In JSW Steel, our growth story is synonymous dumping, we delivered robustly and increased our Our endeavour to be a resource steward has communities has increased by 61% compared to
with sustainable development. Our way of doing profitability while being resilient. Investing in resulted in many achievements in the reporting the previous financial year.
business has always been one of innovation in the downturns and reaping the benefits in the upswing period. Among these are decrease in water
face of challenges, yet with minimal negative has been our consistent strategy over the past intensity of our operations, increase in water As we strive to consolidate our leading position,
impacts on nature or people. For a decade and half decade and half. Accordingly, during this reporting recycling, utilisation of waste gas at nearly 99%, I must acknowledge the immense contribution of
our journey has brought us from a 0.8 million period, we have added capabilities in auto and reduction in specific iron ore consumption, the entire JSW family who push themselves, rise
tonne plant to becoming India’s largest private electrical grade steels. recycling of steel scrap, contributing to the above challenges, and leave no stone unturned to
integrated iron and steel manufacturer today. We re-charge of ground water, and planting of nearly 2 for us grow sustainably and improve the lives of
will continue on this path, and keep contributing to In the last two years the Government of India has million trees - cumulatively - leading to the creation our communities. I am also grateful to all our
the growth of other stakeholders with a focus on announced a series of policy initiatives recognising of significant green cover. We are among the first stakeholders, including shareholders, customers,
value-addition. We have increased efforts on the importance of manufacturing to foster national corporates in India to sign up to the Indian suppliers, and contractors / vendors, for their trust,
governance, ethics, transparency and development. Arguably the most visible of these is Business & Biodiversity Initiative, under which we co-operation and support in building this value
accountability. “Make - in - India”, intended to facilitate have taken several steps across our locations to generating enterprise.
investment, foster innovation, enhance skill levels, enhance the local flora and fauna.
This is the 11th year of our sustainability create jobs, and build best-in-class manufacturing I look forward to your continued support in our
disclosure, and we continue to underpin our capability. The steel sector has the crucial and dual It is our responsibility to provide the workforce, endeavour towards nation building.
efforts to the guidelines of the Global Reporting roles of an investor as well as a beneficiary of this including employees of associates and contractors
Initiative. theme. It fits aptly with the “Vision 300 million working on-site, with a safe and healthy working Sajjan Jindal
tonnes” by the year 2025 of the Government of environment. Our goal of “zero harm” is Chairman & Managing Director
I am happy to report that during the financial year India. JSW Steel is well-positioned to be a lead manifested in the various interventions we JSW Steel Limited
ending March 2015, we demonstrated dexterity player in realising this vision. With its aim of
with which we grew our business and ultimately
3 4
Setting the Context Products & Markets

This report presents the company’s economic, annual Business Responsibility Report. The detailed
environmental and social performance for the period disclosure as per the Clause 55 requirements can be
01- April-2014 to 31-March-2015 (financial year found on the Company website along with the Value for money products targeted to Premium quality products for customers
2014-15). The report has been developed in line with Company’s Annual Report for the financial year semi-urban and rural India. who admire quality
the requirements of Global Reporting Initiative’s G3.1 2014-15.
Guidelines for Sustainability Reporting. Galvanised AL/ZN coated Pre-painted galvanised and AL/ZN
This report also serves as a communication to the corrugate sheets coated corrugate sheets
The nine principles of the National Voluntary Company’s stakeholders on its progress on the 10
Guidelines on Social, Environmental and Economic principles of United Nations Global Compact. It
Responsibilities of Business have been mapped to continues to work with the World Steel Association
the relevant sections in this report. Additionally, this as a signatory to its sustainability charter. The Innovative and Economical product Best in class product, used in various
report also aligns itself to the requirements of the Company has aligned its sustainability performance for rural India prestigious projects across the spectrum
Clause 55 of the Listing Agreement of the Securities to the Key Performance Indicators (KPIs) specified
and Exchange Board of India (SEBI) to publish an by the World Steel Association. Pre-painted AL/2N profile sheets TMT Bars
Highlights Market Segment Being Served

• Oil & Petro Chemicals
12.63 MnT INR 2, 166 Cr •
•
Projects & Construction
General & Heay Engineering
Crude Steel Production Net Profit • Machinery
• LPG Cylinders
^4% ^62% 38% •

•
•
Cold Rolling & Galvanising
Automobile
Boiler & Pressure Vessels
VOLUME GROWTH • Ship Building • Projects & Construction
OF VALUE ADDED • Railways • General Engineering
AND SPECIAL • Transmission Towers • Automobile - for special
STEEL PRODUCTS • Pipes & Tubes alloy longs
INR 8,872 Cr INR 45,352 Cr Pre-Painted

Operating EBITDA Net Turnover Cold Rolled Galvanised/ Galvanised
(CR) Galvalume (PPG)
^1% ^2%
Hot Rolled Long Products

(HR) (TMT
Wire Rod)
• Automobile • General Engineering • Roof, Wall Cladding &
• White Good • Consumer Durable/ other building products
• Machinery White Goods • Household Appliances
• Pipes and Tubes • Furniture • Furniture
• General Engineering • Automobile • Automobiles
& fabrcation • Machinery
• Packaging • Projects & Construction
• Drums / Barrels
• Furniture
5 6
Operations and Products

JSW Steel Coated Products Limited JSW Steel Limited
Vasind. Tarapur, Kalmeshwar Vijayanagar
Products: Products:
Galvanised & Colour Coated products Slabs, Billets, Blooms, HR Coils and Sheets, Cold Rolled
Close Annealed (CRCA) Coils and Sheets, Galvanised
Highlights: Capacity products, Wire Rods, Bar Rods and Angles
• 0.21 MTPA cold rolling mill commissioned Capacity
• Exports up by 0.15 MnT (i.e 20%). 1.5 10 Highlights:
MTPA
MTPA • Produced 9.7 MnT of hot metal, an increase of 7.2%
• Small sinter usage in BF4 and reduction in sinter
fines generation
• ‘Amanoscope’ successfully commissioned in BF4
for better monitoring of material distribution
JSW Steel Limited

Dolvi
Products: JSW Steel Processing Centres Limited

Hot Rolled Coils HRC Capacity Vijayanagar
3.3 Capacity
Highlights:
• Cold rolling mill with 0.21 MTPA capacity
MTPA
0.65 Products:
MTPA Steel Services
was commissioned at Kalmeshwar
• Exports increased by 0.15 MnT over the Highlights:
previous year, witnessing a 20% growth. • Growth in output 12% and profits 53%
Capacity
1MTPA (Coke)
JSW Amba River Coke Limited 4 MTPA
JSW Steel Limited
Dolvi (Pellets) Salem
Highlights: Products:
• ARCL has set up a 1 MTPA Coke Oven Plant and a 4 Special Steel long products
Capacity
MTPA pellet plant in June 2014 and September 2014,
respectively. The coke and pellets produced are being 1 Highlights:
supplied to Dolvi unit. The profit after tax for FY MTPA • The cast production grew by 6% over the
2014-15 is ` 119.48 crores. previous year.
• Rolled product production increased by 22%
compared to FY 2013-14.
STATES PLANTS
Maharashtra Tamil Nadu Karnataka JSWSL (Dolvi, Vijayanagar, Salem) JSWSPCL (Vijayanagar) JSWSCPL (Vasind, Tarapur, Kalmeshwar) ARCL (Dolvi)
7 8
Vision, Mission and Values Strategic Focus Areas
Vision
Global recognition for
Quality and Efficiency,
while nurturing Nature
and Society ics
th
E
ce M
nd
an
in
ain Res a
En
ea
ss P Cha
m
Ch ou
erg
te
W
ue
r
nc
fo
ri
ate
ue
al,
er
rna
y
rc
ion
al
Mission Core Values
Val
Ou
r
at
eS
eV
Wa
Gove
Supporting India’s Transparency
nd
rF
tew
nsibl
Busine
ste
growth in core Dynamism
Fou
u ture
economic sectors Strive for Excellence
ardship
Our
po
with Speed and Passion for Learning
Innovation
Res
O
ur
en
t
Com
m it m
Strategic Focus Sh g
a rin in
g and C ar
Sustainability Policy JSW’s commitment to do business responsibly is
JSW Steel Limited (“JSW”) believes in creating built into the core values of the Company to conduct Va l u i n g L i f e
every aspect of business responsibly and sustainably.
sustainable growth while balancing utilization of Ta l nt
natural resources and social development in its It relies on: ent M e m e
business decisions.
anag
• A dynamic leadership I n c l u s iv e G r o w t h
It also believes in pursuing its business objectives • Adherences to core values
ethically, transparently and with accountability to its • A well-articulated Enterprise Risk Management
stakeholders across the value chain. framework.
JSW is committed to promote integrated responsible • Practices that seek to sustain and enhance the
behaviour and value for social and environmental long term competitive advantage of JSW with
well-being. care for the society and environment.
9 10
Engaging For Growth
CUSTOMERS REGULATORY BODIES
Improve complaint management More initiatives in health, education and rural

systems development in the vicinity of its plants
Implementing an effective complaint Efforts in every possible direction and

management system across sites commits to do so in the future
EMPLOYEES TRADERS
Parity in career progression

based on skills, education, special Regular communication of plans and
considerations, for womens any major decisions
employees during pregnancy
The HR policies of the company are

consistently updated and revised as The company plans to increase the
per the latest labour laws and number of interactions
SUPPLIERS employee requirements NGOs
Timely payments Communication of yearly action plan

to NGOs
Have regular communication with

The existing mechanism is being
the NGOs to ensure success of the
reviewed
initiatives
LOCAL COMMUNITIES MEDIA
Effective planning and execution of Disclosure of Information regarding

CSR activities the queries of the farmers
Begun identifying, assessing,

planning, executing, monitoring and The communication regarding local
reviewing initiatives issues is being prepared
Stakeholders Key Interests Business Response

11 12
Key Initiatives
Vijayanagar Dolvi Salem
Commissioned Commissioned Commissioned
• Continuous Annealing Lines of 0.95 MTPA, part of • Modification of Sponge Iron Plant for partial • Blast Furnace and Ladle Reheating Furnace
the Cold Rolling Mill Complex. replacement of natural gas usage de-dusting system
• Modification of tunnel furnace to replace natural gas • Waste heat recovery systems
with surplus COG • Billet grinding machine
Under Implementation
Under Implementation Under Implementation
• Reconstructing Blast Furnace from 0.9 MTPA
to 1.9 MTPA and the 0.2 MTPA Electrical Steel
• Installation of long new water pipeline • Expansion project of Blast Furnace capacity
Project at Cold Rolling Mill
• Expansion of Sinter plant, Billet Caster, 1.4 MTPA augmentation from 0.616 MTPA
• Expanding the capacity of Electrical Steel Complex
Bar Mill, Roll Grinding Machine, Blast Furnace
• Commissioning the Steel Melting Shop comprising
capacity enhancement and de-bottlenecking of SMS
the Electric Arc Furnace along with Billet Caster of
and HSM
capacity 1.5 MTPA
13 14
every market segment across the globe. Our Board is regularly updated on the Sustainability Officer and his team. A
Sustainability is a vital part of all our practices. We possible risks across the value chain; Business Responsibility / Sustainability
have set high standards for our governance and managing these alone can ensure Reporting Committee consisting of
“JSW Steel has always
corporate citizenship initiatives. At JSW, good sustained creation of shareholder Executive and Independent Directors
been at the forefront,
governance is the bedrock for reinforcing value. As part of our provide the oversight. We link a
bringing innovative products
stakeholder trust, balancing value and building comprehensive approach to risk component of the variable pay of the
to the market that address
sustainable business. At the heart of the management, we consider any senior executives to the safety
present requirements as well
Company’s corporate governance is the ideology uncertainties that may affect our performance, and extend this
as take cognisance of
of transparency and openness in the working of business and our stakeholders, instrument to cover other strategic
potential transformations”.
the Board and the management team. Our Board including resource scarcity, climate focus areas of sustainability.
ensures the Company complies with all regulatory change, demographic dividend, etc. Sustainability teams exist at the
requirements, acts with integrity, addresses We also try to identify any latent locations, and are responsible to implement
stakeholder expectations, and is overall, a opportunity in these risks, and explore ways and achieve the sustainability-oriented targets.
responsible corporate citizen. Accordingly, the to turn them to our advantage. JSW Steel has initiated quarterly third party
Board has constituted committees to oversee assurance of this performance at all locations.
stakeholder engagement, sustainability reporting Ensuring compliance in letter and spirit is a given.
and implementation of code of conduct, in addition Proactively exceeding compliance in as many ways Our financial performance, despite the challenging
Message from Joint to the statutory committees. Our Board

membership conforms to various good practices of
as practical is a key focus area and the leadership
team is responsible to the Board for the same. We
operating environment, underpins the importance
of strategic direction provided by the Board and
Managing Director governance; it has a significant number of

Independent Directors as also a woman Director.
maintain a tracking system for all applicable laws
and assign the appropriate person for
dynamic management team. We delivered
robustly despite the surge in imports by way of
all requisite actions. This covers dumping. Such results were possible due to
Our core values steer our conduct. We explicitly all our operations, processes nimble re-calibration and a resilient marketing
Integrity Guides our Value
articulate the standards of conduct we expect and products. In addition, strategy. Our sustained financial performance,
Creation from our Directors, officers and employees, as
“Ensuring compliance in
certified management governance processes, and our commitment to
letter and spirit is a given.
well as anyone who acts on our behalf of, or are an systems ensure we transparency, integrity and ethics, keeps our
Proactively exceeding compliance
important part of our value chain. The Code review, comply with investors and shareholders delighted.
The most significant constant at JSW Steel has in as many ways as practical
requires Directors and senior executives to uphold legal requirements, and
been accelerated growth, catalysed by passion, to is a key focus area and the
the interest of the Company and its stakeholders, ensure continual We will continue to improve upon our governance
contribute to nation building on the bedrock of leadership team is responsible
endeavour to fulfil all the obligations towards improvement, covering practices, strengthen our strategic stakeholder
JSW’s core values, ethics and integrity. JSW Steel to the Board for the same.”
them, and act in accordance with the highest various aspects of engagement, and improve the effectiveness of the
has always been at the forefront, bringing standards of honesty, fairness, ethical conduct and sustainability. various policies in place to ensure stakeholder
innovative products to the market that address integrity. We provide guidance on what constitutes grievances are minimised. We will continue to
present requirements as well as take cognisance ethical and honest conduct, and build capacity On human rights, we are aligned with create and share value, and delight all our
of potential transformations. To stay ahead of the amongst employees to follow the same. We the Universal Declaration of Human Rights and the stakeholders.
curve at all times we have strategic collaborations strongly discourage unethical and corrupt means International Labour Organisation Conventions and
with global leaders like Praxair Inc., Severfield of influencing public policy. Being members of standards, and support the UN Guiding Principles Our passion to keep raising the bar propels us
Rowen Plc., Marubeni-Itochu and JFE. Together, apex national and international business and on Business and Human Rights. It includes towards new heights. Our code of conduct in
we aim to bring India into a new technologically industry bodies, all our policy interventions are commitments to our workforce, local communities conjunction with our Policies on Business
advanced era. strictly carried out through such platforms. and business partners, and covers occupational Conduct, Stakeholder Engagement, Human
health & safety, labour rights, and the rights of Rights, Public Regulatory Policy; and
Innovation is made possible at JSW by taking Further, our Whistle-blower Policy helps us detect communities. Grievance Redressal and Whistle Blower
calibrated risks e.g., introduced Corex technology and avoid violation of the Company’s Code of Mechanisms, steer us in conducting our
to India a decade ago and efficiently utilised Conduct or any unethical or improper activity. The Board of Directors is ultimately responsible for business with integrity and ethics.
low-grade coal, thereby reducing a million tonnes A grievance redressal mechanism is in place our sustainable business performance and
of GHG emissions per anum. Today, the Company covering all internal and external stakeholders. strategic direction, and reviews our performance Seshagiri Rao MVS
is the domestic leader in galvanised steel These mechanisms build and reinforce stakeholder quarterly. The Board delegates the operational
production and a frontrunner in the special steel trust in JSW. aspects of corporate sustainability to the Chief
portfolio. Our range of products spans practically
15 16
Governance
The board and some of its Committees
Business Code of Conduct Stakeholder

Name Nature of Membership Responsibility CSR Committee Implementation Relationship
& Sustainability Committee Committee
Reporting Committee
Mr. Sajjan Jindal Chairman & Managing Director
Mr. Seshagiri Rao MVS Executive Director
Dr. Vinod Nowal Executive Director
Mr. Jayant Acharya Executive Director
Mr. Uday M. Chitale Independent Director
Dr. S. K. Gupta Independent Director
Dr. Vijay Kelkar Independent Director
Mr. Sudipto Sarkar Independent Director
Mr. K. Vijayaraghavan Independent Director
Dr. (Mrs.) PunitaKumar Sinha Independent Director
Chairman Member
17 18
Board provides oversight to sustainability Human Rights rights standards, does not condone human rights
abuses and creates & nurtures a working
environment where human rights are respected
without prejudice.
Committees of the Board Salient Elements of Terms of Reference In line with JSW Steel’s legacy as a responsible
corporate citizen and its commitment to respecting
JSW Steel’s human rights policy is complemented
• The Committee is constituted for the implementation of SEBI the economic, social, cultural, political and civil rights
(Prohibition of Insider Trading) Regulations, 1992 as amended from by other specific policies such as health & safety,
Code of Conduct of individuals involved in and impacted by its
time to time. environment, anti-corruption etc. It articulates
Implementation • Implementation of ‘JSW Steel Code of Conduct for Prohibition of operations, the Board of Directors has approved a
stand on human rights including
Insider Trading’ as amended / revised from time to time. Formal Human Rights Policy for adoption by the
non-discrimination, prohibition of child and
Company and all its Subsidiaries as part of its global
• Responsible for the adoption of‘ National Voluntary Guide lines on Social, enforced labour, and freedom of association and
personnel policies, in line with the practice followed
Business Responsibility & Environmental and Economic Responsibilities of Business’ (NVGs) in the right to engage in collective bargaining.
internationally by Companies of Repute. JSW Steel’s
business practices of JSW Steel. Security agency’s officers are trained to act in a
Sustainability Reporting • Responsible for the policies and review the progress of initiatives under the policy on human rights applies to all its businesses
Committee manner that respects human rights at all times,
purview of business responsibility (sustainability) policies mentioned above. processes and is part of its commitment to ethical
• Review the annual business responsibility report and present it to the Board and comply with all the applicable national, state
and socially responsible behavior across its value
for approval. and local laws.
chain.
• To review the reports submitted by the Registrars and Share Transfer During the reporting period, no violations or
Agents of the Company at Half yearly intervals.
JSW Steel contributes to the fulfillment of human
departures were observed.
• To interact periodically with the Registrars and Share Transfer Agents to rights through compliance with local human rights
Stakeholder ascertain and look into the quality of the Company’s Shareholders/ Investors legislation wherever it has operations, as well as
Relationship grievance redressal system and to review the report on the functioning of through its policies, programs and grievance redressal
the said Investor grievances redressal system.
• To periodically report to the Board about serious concerns if any. mechanism. JSW Steel upholds international human
• To consider and resolve the grievances of the security holders of the
company.
• To formulate and recommend to the Board, a Corporate Social

Responsibility Policy
• To recommend the amount of expenditure to be incurred on each of the
Corporate Social
activities to be undertaken by the Company JSW Way of doing business - Ethics, Transparency and Accountability
• To approve the Annual Report on CSR activities to be included in the
Responsibility Director’s Report To monitor the CSR policy of the Company from time to
JSW Steel lives by its core values of transparency, strive for excellence, dynamism and
time; and
• To institute a transparent monitoring mechanism for implementation of the
passion for learning. These are reflected in the innovative approach adopted by the company
CSR Projects or programs or activities under taken by the Company. without compromising on integrity. The Company adheres to all applicable laws and regulations,
and this effort is strengthened by internal guidelines that include the Business Conduct Guidelines
and Supplier Code of Conduct, covering aspects of ethics, transparency and business accountabili-
ty for all employees as well as the value chain.
Compliance tracking system - a register of all applicable laws and

assign the person responsible along with actions The code of conduct requires every employee:
that’s required to be taken. This covers all our
operations, activities, goods and services. In addition, • To uphold interest of the Company and its stakeholders.
The Company has a proper and adequate system of • To act in accordance with the highest standard of honesty, integrity, fairness and ethical
third party certified management systems ensure
internal control commensurate with the size and
compliance.
conduct and exercise
nature of its business. Internal control systems are utmost good faith, due care and integrity in performing their duties.
integral of JSW Steel’s corporate governance. • Comply with all appliance legal requirements, rules and regulations as per law of the land.
Periodical Management audit ensures that the • Comply with all applicable policies, rules and regulations adopted by the company
Company‘s Subsidiaries conducts its business with
Proactively identifying and meeting all applicable The Company has a stakeholder grievance redressal mechanism in place to help address
high standards of legal, statutory and regulatory
regulatory requirements and commitments, to complaints related to adherence to code of conduct and sustainability Policies. In FY 2014-15, two
compliances. As per the report of the Management
achieve compliance, in letter and spirit, is a key focus
Auditors, there has been no material non-compliance
complaints were received through the Grievance Redressal Mechanism and these were resolved.
area and leadership team is responsible to the board,
with the applicable statutory requirements by the
for the same. In addition, JSW Steel ensures
Company and its subsidiaries. Also, in the reporting
complete compliance with standards and internal
period there have been no fines or sanctions imposed
procedures and systems. The company maintain a
on JSW Steel for non-compliance with laws and
regulations.
19 20
Collaborating To Create Mutual Trust

• Customer Feedback • Emails and Meetings
• Customer Satisfaction Survey • Intranet Portals
• Phone calls, Emails and Meetings • Employee Satisfaction Surveys
• Signed Contracts • Training Programmes
• Exhibitions, Events • Performance Appraisal
• Stakeholder Group
• Customer Visits • Grievance Redressal Mechanisms
• Concerns / Areas of Interest
• Websites
• Engagement Platform
RS EMP
O ME LO
YE
ST ES
CU • Timely Delivery
• Fair wages &
Rewards
• Quality • Work-life Balance
• Pricing • Training & Skill Development
• Post-sales Support • Career Growth
ES
• Product Related • Occupational Health
DI
Certifications & Safety
BO
• Customer Feedback • EHS Management • Job Security
RY Systems • Transparent • Emails and Meetings
• Customer Satisfaction Survey
SU
Communication • Vendor Assessment & Review
TO
• Phone calls, Emails and Meetings

• Supplier Audits
PPL
• Signed Contracts
ULA
• Signed Contracts
• Exhibitions, Events
• Training Workshops and Seminars
IERS
• Customer Visits
REG
• Community Relations • Timely Payment • Social Gatherings

• Websites • Workplace Safety & • Continuity of Orders
Wellbeing • Capacity Building
GOVT. &
• Transparency
Engaging
with
• Tax and Royalties Stakeholders • Local Employment
• Environmental Pollution
• Compliance to Laws Control
& Regulations • Infrastructure Development
• Employment • Training & Livelihood • Training & Workshops
• Annual Reports
S
• Pollution Prevention Programmes • Regular Meetings
ITIE
• Communication with Regulatory Bodies
ME
• Local Economy Growth • Participation in Social • Need Assessment

• Formal Dialogues • Satisfaction Surveys
Services
UN
DIA
• CSR Reports
MM
• Sustainable Growth • Preservation of Local
CO
& Returns & Global
• Risk Management Environment
• Corporate Governance • Contribution to Local
IN • Market Share Economy
VE • Operational • Human Rights
ST Performance Y
OR ET
S& O CI
SH S
ARE /C IVIL
HOLDE NGOs
• Board Meetings RS • Meetings and Briefings
• Annual Reports • Sustainability and Other Reports
• Website • Partnerships in Community
Development projects
21 22
Economic Performance
FY 2012-13 FY 2013-14 FY 2014-15
8,985 8,410
7,597
A • Domestic Turnover
Total Economic Value Generated 39,128 365 49,627 1,099 50,860 1,203 • Export Turnouver
(All figures in Rupees crores)

• Other Income
31,166 39,542 41,247
FY 2012-13 FY 2013-14 FY 2014-15

671 800 947
2,740
1,724 2,909 • Operating cost
3,796
4,475 • Employee wages and benefits
4,529 • Payments to providers of capital
B 367 1,692 • Payments to Governments
37,327 48,292 48,694 396
Total Economic Value Distributed 25 27 43 • Exchange Loss
(All figures in Rupees crores) • CSR initiatives
30,743 38,558 39,870
39,128 49,627 50,860

37,327 48,292 48,694
A-B • Total Economic Value Generated
Total Economic Value Retained 1,801 1,335 2,166 • Total Economic Value Distributed
(All figures in Rupees crores)

• Total Economic Value Retained
23 24
was from a recycled source. We are aware water Environment, Forests & Climate Change. This has
I must mention safety receives extra attention
is scarce, and competes with many other uses in helped us not only to learn from peers about their
through a place in the KPI’s of the senior site
the surrounding regions. To alleviate this risk we efforts to manage biological diversity at their
management persons. We believe that
undertook initiatives under natural resource locations, but also to demonstrate to stakeholders
sensitisation, awareness and training critically
management for watershed development, the company’s commitment and efforts towards a
reinforce our safety systems and processes. Our
covering about 8,000 hectares of land. Further, our sustainable future.
focus on monitoring and periodic audits
resource stewardship efforts resulted in 2.5%
supplements our efforts on safety and tracking of
improvement in the use of iron ore and use of iron Our Policies on Sustainable Steel Production,
deviations. The consequent results speak for
scrap to the extent of 0.85 million tonnes. Conservation and Preservation of Environment
themselves. We imparted 140,000 hours of safety
in conjunction with policies of our manufacturing
training to our own workers as well contractor
In FY 2014-15, JSW Steel put in significant efforts units covering Environment, Occupational Health &
workers. This was supplemented by our systemic
to ensure a positive impact on its surrounding flora Safety, etc. galvanise us to achieve clean and safe,
and behaviour-based interventions, resulting in
and fauna and local ecosystems. The Company world class manufacturing.
44% decrease in Lost Time Injury Frequency Rate.
was among the pioneers to sign up and commit to
Overall, our score on this parameter is significantly
the Indian Business and Biodiversity Initiative Dr. Vinod Nowal
better than the industry average.
(IBBI), an initiative by the Confederation of Indian
Industry (CII) in partnership with India’s Ministry of
JSW Steel is constantly upgrading and adopting
Message from advanced technologies to maintain or lower the
energy intensity. The Company is well aware of
Deputy Managing the global concern on climate change and
Resource Stewardship
Director carbon-intensive growth, and is therefore putting
greater emphasis on responding to varied needs
and expectations of the stakeholders. In keeping
GHG Mitigation
with the commitment of the Government of India,
Clean and Safe World-class we take up targets to decrease the carbon
Manufacturing intensity of our growth. We realize that this is a
challenge and would require a multi-pronged, JSW SL Total GHG Emission JSW SCPL Total GHG Emission
Our vision is “Global recognition for quality and innovation-led approach coupled with all-round
efficiency while nurturing nature and society”. We efforts. Despite the growth, the various
35,000 600
are on an accelerated growth path - expanding constraints and challenges, a market slowdown, 59.9
capacities, building new manufacturing facilities, we have succeeded in keeping the GHG intensity 30,000 500
and acquisitions. Such diversified growth poses flat during this reporting period. Overall, GHG 4,157 3,742 33.6
challenges in deploying common standards of mitigation projects contributed to lowering 25,000 142.8 148.5
operational excellence that are clean and of CO2e by 258,478 tonnes. Our new 400
safe. To complement this growth, we product development efforts are 20,000
have taken up the challenge to “JSW Steel’s continual aimed at decreasing carbon 300
decouple growth and its impact on improvement efforts are emissions in the overall value 15,000
the environment and resources. JSW supplemented by project-level chain. 26,816 26,077 28,086 200 528
335 317
Steel has taken several steps to 10,000
innovations and interventions,
achieve this. First, we have to improve the resource The Company is monitoring the 100
articulated our policies on quality, 5,000
stewardship and overall use of its water resources and
environment, occupational health & performance”. quality of effluent discharged. It is
0 0
safety, and several other key subjects. our endeavour to trap pollutants at
Second, we deployed our policies through source, monitor the operation of 2014-15 2013-14 2012-13 2014-15 2013-14 2012-13
certified management systems and processes pollution control equipment, and continually
based on Six Sigma, TPM and TQM. Third, our improve the treatment such that discharges are
JSW SPCL & ARCL indirect emissions are 3.93 and 157.7 (000 tCO2e), respectively.
continual improvement efforts are supplemented significantly within regulatory limits. We have
by project-level innovations and interventions, to decreased water intensity of our operations from
improve our resource stewardship and overall 4.89 m3 / ton of steel in 2013-14 to 4.57 m3 / ton • Direct Emissions (000 tCO2e)
performance. of steel in 2014-15, and 18% of the water used • Indirect Emissions (000 tCO2e)
25 26
Initiatives To Mitigate GHGs Materials
JSW SL Specific Material Consumption
Power Power 2.5

VFD in
generation generation
boiler 1.97
2.02 2.09
through through 2.0
feedpump
waste heat waste gas
384 tCO2e
22,422 tCO2e 258,478 tCO2e
1.5
1.02 1.09
1.0 0.92
0.74
0.6 0.62
0.5
0.0
Energy 2014-15 2013-14 2012-13
• Coal (Ton/Ton of Crude Steel) • Iron Ore (Ton/Ton of Crude Steel)

JSW SL Energy Consumption JSW SCPL Energy Consumption • Fluxes (Ton/Ton of Crude Steel)
500,000
JSW SCPL Specific Material Consumption
8000
400,000 7000
15,070 92,671
6000
2,395
300,000 5000
270
1,878
646 0.8 0.76
4000
200,000 0.7
3000 0.55
0.6
354,973 308,000 262,695 4,581 4,203 5,445
2000 0.5
100,000
0.4 0.36 0.34
1000 0.3
0.3
0 0 0.2 0.16
2014-15 2013-14 2012-13 2014-15 2013-14 2012-13 0.1 0.04 0.06
0 0.02 0 0.02
0.0
2014-15 2013-14 2012-13

JSW SPCL & ARCL consume indirect energy 17,239 and 692,252 (000 GJ), respectively.
• Zinc & Alloys (Ton/Ton of Product) • Hot Rolled Coils (Ton/Ton of Product)
• Slabs (Ton/Ton of Product) • Cold Rolled Coils (Ton/Ton of Product)
• Direct Energy Consumption (000 GJ)
• Indirect Energy Consumption (000 GJ)
Material Consumption for JSW SPCL & ARCL 4.42 and 1,461 tonnes, respectively.
27 28
Emissions Waste Water Consumption

JSW SL JSW SL JSW SL
25 9,662 8,662 6,143

22.5 22.4 0.618 0.88 1.03
20 19.3
17.7
15.7
15 10,397 11,349 5,701
13.3
10.8
10 9.4
57,788 59,573 41,490
6.12
5
2014-15 2013-14 2012-13 2014-15 2013-14 2012-13
0
2014-15 2013-14 2012-13

JSW SCPL
JSW SCPL
Emissions of ODS (tonnes of CFC-11eq) are 0.002, 0.099, 0.027
for the years 2014-15, 2013-14 and 2012-13 respectively 99.1 53.3 5.92
69.1 60.5 25.7
244 326 233
JSW SCPL
1,643 2,191 1,374
303.6 298.3
2014-15 2013-14 2012-13
2014-15 2013-14 2012-13
300 267.3
215
197 JSW SPCL JSW ARCL
200 JSW SPCL JSW ARCL
113
97.3 97.5 34.7 10.2
100 20.3
0.005
24.8
0
2014-15 2013-14 2012-13
Emissions of ODS (tonnes of CFC-11eq) are 0.11, 0.01, 0.01 for the 3.37 134.6
years 2014-15, 2013-14 and 2012-13 respectively
Emissions for JSW SPCL and ARCL are Nil.

2014-15 2014-15
2014-15 2014-15
• SPM (000tons/year) • S0x (000tons/year) • NOx (000tons/year) • Hazardous Waste ('000 tonnes) • Total Water Consumption (000 m3) • Total Recycled Water (000 m3)
• Non-Hazardous Waste ('000 tonnes)
29 30
Biological Diversity
Manufacturing operations of JSW Steel do not cause any significant
negative impact on biological diversity. JSW Steel expects its suppliers
involved in mining and similar operations, with potential impact on
biodiversity, to be compliant with applicable laws and take due care of Improved avi fauna around our Vijayanagar plant
biodiversity. In addition, JSW Steel undertakes activities in and around
our manufacturing sites to conserve, preserve and enhance the JSW Steel Disseminated traditional irrigation methods
biological diversity. We are signatories to the India Business & for developed green cover on barren hillocks sorrounding
Birds at operations Horizontal Reed Bed system of capacity of
Biodiversity Initiative. Home at
Biodiversity 1MLD for treating domestic sewage from Vidhyanagar
The Vijayanagar Works has implemented a plethora of initiatives to Park, Township was established. This system is the country’s
Vijayanagar
enhance the biological diversity in its neighbourhood. Some of these largest reed bed system installed and being operated.
include setting up a biodiversity park containing medicinal plants on the This Reed Bed system has an area cover of 25,800 sq m,
IUCN red-list [i.e., endangered species], treating the sewage from the with 72 different plant species.
township using root zone treatment with the help of select plants,
undertaking watershed management programme in the neighbouring
villages resulting in multiple crops and improving agricultural yields,
extending the green belt in and around the Works area and township,
and many more.
Safe and Healthy Workplace
JSW SL JSW SCPL JSW SPCL ARCL
2014-2015 2013-2014 2012-2013 2014-2015 2013-2014 2012-2013 2014-2015 2013-2014 2014-2015 2013-2014
Lost time injury frequency rate
Injuries (Nos.) 77 290 83 7 5 5 0 2 2 1
0.98
Injury Rate
0.096 0.52 0.15 0.10 0.239 0.234 0 0.61 0.17 0.014
0.73 0.55 (per 100 workforce per year)
Lost Days 4,931 8,144 1,295 336 364 0 0 104 272 2
Lost Day Rate

(per 100 workforce per year) 6.16 14.63 2.27 4.78 17.4 0 0 32.1 22.7 0.03
2013-14 2012-13
2014-15 Man Hours Worked (million) 160.04 111.33 110.2 14.06 4.18 4.27 4.57 0.64 2.39 7.16
Fatalities (Nos.) 11 1 6 1 0 0 0 0 0 0
As per WSA formula
31 32
JSW's focus remains to be a supplier of choice, in type of innovation has helped in mutual profitabili-
throughout our sphere of influence. This is most
all markets while improving the well-being of ty, while also reducing emissions, use of energy
notable in our supply chain which involves mining,
customers and society in general. We are commit- and other resources. In addition, a grievance
transport of bulk material while keeping in mind
ted to operate our processes and conduct market- redressal mechanism is available to all stakehold-
the sensitivity of impacts to the environment and
ing promotions in a transparent and responsible ers. Besides resolving the grievances seamlessly,
society, and also activities of our organisation as
manner by sharing product information. We strive this also provides us an opportunity to engage
well as of our suppliers, vendors and contractors.
to ensure an efficient customer feedback mecha- more closely with our value chain.
Accordingly, we focus on ensuring that every
nism and conduct regular customer satisfaction
stakeholder in our value chain conducts its opera-
surveys to understand their expectations and Our Policy on Engaging with and Providing
tions in total regulatory compliance and demon-
concerns. To facilitate this, we have portals for Value to Customers and Consumers in
strates responsible behaviour. In FY 2014-15, 83%
customers and suppliers. While this facilitates conjunction with other policies and guidance, steer
of all goods were transported via rail, as compared
procurement and delivery, they are also used to us though value chain with responsibility.
to 76% in FY 2013-14, resulting in significant
gauge evolving customer requirements and
reduction of footprint.
supplier capabilities. With some customers and Jayant Acharya
suppliers we even collaborate and co-create. This
We follow fair, transparent and non-discriminatory
procurement practices. We expect and encourage
our suppliers to act in a safe and responsible
Message from manner. We specify the mandatory standards that
suppliers must adhere to, with specific emphasis Responsible Value Chain
Director, Commercial to business ethics, human rights, labour rights, We believe that our responsibility to environment, economy and society extends across our supply
and Marketing safety, health, environmental management and

community relations. We take a risk-based
chain, logistics, immediate customers and end users. Our diligence along supply chain and logistics aids
our continued and future uninterrupted operations. Our focus on customers and their continuously
approach to supply chain sustainability, identifying evolving requirements helps us to adapt to markets and future proofs our business. Beyond diligence,
the high-risk suppliers with whom proactive we also collaborate and co create with our partners to address sustainability challenges.
Responsible Value Chain engagement is needed. In addition, we work
collaboratively with suppliers to identify opportuni-
At JSW Steel we are excited about the growth we ties to develop and implement safer and more
could undertake, and envisage for the days to sustainably effective products and solutions.
come. Such uninterrupted growth is only possible
in an enabling ecosystem. Our suppliers of input Our activities aimed at promoting sustainability
materials, logistic support providers, labour
contractors, etc. have all contributed to
in our supply chain are complemented by
our commitment to promote local
Product Stewardship
“Our customers are
our success story. Looking ahead, we procurement. For example, in Karna-
delighted, and new customers
require them to be even more taka, for the reporting period, we
efficient and resilient enough to
have indicated their trust on Sustainable Steel Production
us for our dynamism, passion have locally procured goods
address the transforming market The Company believes that steel has a major role in assisting the transition towards a sustainable economy
for learning, ability to address the (excluding iron ore) and services for
place. At all sites and for all our where economic growth, conservation of environment and social responsibility work together. Towards this,
developmental challenges, and Vijayanagar Works amounting to
innovative products we had to the Company strives to:
roll out new and customised 47% of the total procurement costs
ensure the enabling ecosystem was for the site by value.
products for the rapidly
a prerequisite. At times we even had
transforming markets.” • Focus on product stewardship throughout
to build capacity of the providers of • Ensure resource-efficient and sustainable
JSW Steel strives to create value for our the life cycle and provide information on
goods, materials and services. Our custom- manufacturing processes and technologies
customers through the untiring efforts in their safe use and recycling
ers are delighted, and new customers have product development and innovation. The Compa-
indicated their trust on us for our dynamism, ny offers a large portfolio of steel products encom-
passion for learning, ability to address the develop- passing hot rolled, cold rolled, galvanised, • Optimise utilisation of natural resources
mental challenges, and roll out new and custom- galvalume, pre-painted galvanised, pre-painted • Review and implement new developments viz. water, raw materials, energy while
ised products for the rapidly transforming markets. galvalume, TMT bars, wire rods, special steel bars, in steel making technologies focussing to reduce, reuse and recycle
rounds, blooms, and others. opportunities of these resources.
We extend our responsibility beyond our business,
and strive to promote responsible behaviour
33 34
Customer Speak
JSW Steel believes that developing sustainable • Utilising waste heat: 78.3%
products to reduce the environmental and social • Re-utilising waste gases: over 91 million GJ
impacts is an important element of future-proofing (98.5% of total waste gases/ energy)
the business. In FY 2014-15, new grades of steel • Scrap recycling: 848,872 metric tonnes “We are well placed
with JSW and we hope “JSW has been doing
for the automobile sector were developed, such as • Waste recycling (hazardous + non-hazardous): business with us as a family.
to do much more than
high-strength low-carbon steel, high-strength over 2.2 million metric tonnes People are very co-operative.
what we are doing today,
low-thickness steel etc. First step in product • Recycling and reuse of wastewater: almost double our They understand the problems
stewardship is to reduce operational footprint and 10.4 million m3 current volume.” we face on account of our day-to-day
accordingly, we have achieved during the reporting • GHG emissions mitigated through initiatives: “In comparison to other business. When people from the Plant,
Umesh Aggarwal companies, JSW has placed Head Office as well as Branch visit us,
period: over 281,000 tCO2e
Sri Aggarwal Ispat full faith in their Distributors and it brings people closer.”
Dealers. JSW has always stood
by us be in during good times or bad. Nand Kishore Agarwal
The company has always supported us International Trading
to grow. We always meet each other Corporation
Caring For Customers as a family.”
Anil Mendiratta
Standard Strips India
Pvt. Ltd.
Customer Satisfaction
Customer/Dealer
meets - one in each Responsible Supply Chain
region in a year Exhibition, Seminars
VIsit by Sales/Technical
& Conferences,
Team, Senior
Retailer/Architect/Builder/ Newsletters/Magazines An effective supply chain management ensures Labor, Human Rights and Societal Impact aspects.
Management to
Designers-average 5 Electronic Direct Mailers uninterrupted business activity and flexibility. JSW Supplier engagement, in the form of interactions
Customer premise
meets per month Steel key elements of supply chain include, (i) and supplier meet, is carried out at JSW Steel.
procurement of key raw materials like, coal, iron JSW Steel is sensitive to possible impacts of our
ore, lime stone, dolomite, coke etc. (ii) supply chain on environment, society and
transportation of raw materials (iii) procurement of economy, and take preventive actions. JSW Steel
support services . Raw materials are procured identifies service providers that potentially could
from within the country and also from outside. engage in unfair labor practices and monitoring,
JSW Steel use ship, rail and road transportation. evaluation of such suppliers, regarding issues
Also, the company has been able to achieve, related to labor practices including human rights, is
CSI has improved reduction in logistical footprint by making made rigorous. During the reporting period, there
from 3.73 in 2012 to 3.88 conscious efforts to increasingly shift to were no penal actions or notices by relevant
in 2014. The improvement transportation of raw materials and products within regulators, for violation of labor practices in the
has been observed in both India by rail. In FY 2014-15, about 83% of all goods supply chain. JSW Steel ensures that its suppliers
segments: OEMs and Traders. were transported via rail, as compared to 76% in deliver goods and services as per contract and , in
CSI for OEMs has improved FY 2013-14. turn, are paid, as in contract, on time.
from 3.6 in 2012 to 3.90 in
2014and for Trade/Retail
JSW Steel’s code of conduct and our policies To generate value for local economy and to create
it improved from 3.73
in 2012 to 3.85 in 2014 related to work conditions, human rights, positive economic impact, JSW Steel engages
environment, and safety, are applicable to our with local suppliers. JSW Steel is in the process of
suppliers. These form a part of our contract with setting up a mechanism to define capture and
our suppliers and suppliers from time to time are track the extent and type of local suppliers.
made aware and assisted in complying with these Presently, JSW Steel identifies and builds capacity
requirements. Our supply chain audits will have to of local suppliers, before and during the
be further complimented with stress on EHS, engagement with them.
35 36
We aim to attract, develop and retain the best higher than in the previous year. This allows new safety committees, etc. The Dolvi Works has a
human capital by providing a motivating and ideas to come in, and contributes to our ability to recognised employee association and all
healthy workplace, identifying and developing increasingly create and share value. non-management employees are free to get
talent, and promoting employee well-being. Our affiliated to it. About 12% of the Company’s entire
priority is to engage effectively with our We enable and encourage our employees to permanent workforce is represented through this
employees, understand their views, communicate upgrade their skills, enhance professional recognised trade union. Our agreements with the
the strategic directions of the Company, respond knowledge through various means such as workers include conditions on how they would
to their feedback, and implement initiatives to classroom training, e-learning and field training. take the responsibility of safety and health. Our
improve. We monitor the engagement with Our learning modules encompass functional and overtime and work allocation practices ensure fair
employees and their satisfaction levels through management aspects such as leadership, practices are followed. Further, forced labour and
surveys, and assess managers on the experience marketing, human rights, ethics, compliance, child labour are completely avoided. We take care
they create for their team. diversity, sustainability, finance, energy, to ensure our security forces are taken care of by
manufacturing excellence, and several other following all applicable regulations and respecting
Engaging with employees to shape our business competencies. The average per capita training human rights.
goals and creating a culture that supports these is hours during this reporting period was 33.6, which
fundamental to our ability to deliver our is higher than the average for the last 3 years. We We look forward to further building a dynamic,
commitment to customers. This lies at the heart of encourage innovation at all levels and functions passionate, diverse and sensitive workforce - the
Message from everything we do. A conducive work environment through innovation awards and many other lever to sustainable business at JSW Steel.
for diverse people allows us to serve the measures to create a supportive ecosystem.
President, Group demanding markets effectively. Our Policy on Employee Welfare in conjunction
Human Resources In order to sustain a competitive advantage, JSW

JSW Steel ensures its employees contribute to
business decisions through a participatory
with other policies and guidance, guide us in
caring, sharing and growing our human capital.
Steel adopts policies to ensure the well-being of approach. Employees give feedback through
employees. We review the people management various mechanisms which include interaction Yugesh Goutam
Caring, Sharing and Growing practices periodically to ensure they are relevant sessions, tool-box talks, town-hall sessions, joint
and employee-friendly. Believing that employees
JSW Steel has expanded its production capacity by are the most important component for
over ten-fold in the last two decades through the competitiveness, the Company will continue to
twin route of expansion and acquisition. While foster happiness and professional growth for all its
expansion involves workers of contractors on the employees.
site as well as recruitment of new persons,
acquisitions implied addition of work We believe that diverse work force is a
force that had different practices, key ingredient of an innovative
“Engaging with employees
norms and work culture. This ecosystem, and strive to keep our
to shape our business goals
continuous churn is a challenge, and workplace free from any kind of
and creating a culture that
is compounded by the learning discrimination. Our advantage is we
supports these is fundamental
needs of a dynamic work force to are a youthful organisation,
to our ability to deliver our
keep up with changes in reflecting the demographic trend of
commitment to customers.
technology, product innovation and India; employees under the age of 30
This lies at the heart of
regulatory requirements, to name a years constitute 78% and 61% of the
everything we do.”
few. workforce in JSW Steel and JSW Steel
Coated Products. We are striving to
We depend on nearly 12,300 people who have improve the gender diversity by increasing the
the necessary and relevant capabilities, recruitment of women at all positions, and
commitment and enthusiasm to achieve our providing a friendly, harassment-free work
business goals. Further, we are supported by environment bereft of discrimination for
about 30,500 workers engaged through our employees. The number of knowledge workers in
contractors. the form of new joinees in 2014-15 was 53%
37 38
People & Diversity
Workforce Breakdown
JSW SL JSW SCPL JSW SPCL JSW ARCL
18,291 1,461
6,000 21,428 3,497
5,593 204 1,941
5,571 5,218 14,151 1,486 2,367 948
3,924
3,607 790 1,506
486
783
11 58
21 160
2014-15 2013-14 2012-13 2014-15 2013-14 2012-13 2014-15 2014-15
• Management • Non-Management • Contractual Labour
Workforce Turnover

3
382 37 18
336 348
157 152
28
216
19 19
1
11 11 3
2014-15 2013-14 2012-13 2014-15 2013-14 2012-13 2014-15 2014-15
• Management • Non-Management
39 40
Workforce Turonver Age-wise
496 22
468 13
17
16
13 6
12
197 23 8 8
2
162
69 73
60 43 23 2
2014-15 2013-14 2012-13 2014-15 2013-14 2012-13 2014-15 2014-15
• <30 years • 30-50 years • >50 years
Workforce Turnover Gender-wise
670 48 286 23 537 27 56 0 43 0 22 0 4 0 20 1
2014-15 2013-14 2012-13 2014-15 2013-14 2012-13 2014-15 2014-15
• Male • Female
41 42
Creating a Women-Friendly Work Some of the key training programmes attended by our Training Hours Training Hours per Capita
employees include:
Environment
• Management Development Program at Indian
JSW Steel’s commitment towards women is reflected 237,351
Institute of Management, Ahmedabad for selected high
through its Gender Balance Initiative, measures for Legal
potential employees for enhancing their business 42.6
Awareness for women employees, zero tolerance to sexual
acumen.
harassment at work place and other special training for
• Young Leaders Development Program: Identification 175,910
women employees across the organisation. JSW Steel JSW SL 56.9 JSW SL
and grooming of high potential managers below the 1,041,462
provides equal opportunity to all employees and strives to
age of 32 years.
increase the number of positions held by women employees
• More than 500 technical training programmes were
every year.
conducted in-house by both internal and external
29.3
faculty.
Special programmes on personality development, managerial
• More than 200 behavioral training programs were
development and leadership development are being organised 1.4
conducted in-house by both internal and external
for grooming and enhancing the competencies of women
faculty. 4,756
employees for positions of higher responsibilities. Special
• Tie ups with Premier Institutes for Employee
training for women employees were conducted including life 2.1
Education: Our tie ups for off-campus B.S. course
enrichment, first aid, life etiquette, among others.
with BITS Pilani, M. Tech. with IIT Bombay and JSW SCPL JSW SCPL
8,127
Post-graduate Diploma in Industrial Safety with 10.3
RGIST encourage continuous learning and have been
Exclusive Benefits for Women received well.
3,081.5
• Maternity leave for period not exceeding 12

99.5 44
weeks can be taken before/after the date of the
Encouraging Creativity and Innovation 4.7
confinement at the convenience of the
applicant, at the earliest but not before 6 weeks
• A rewards and recognition mechanism is designed to
before date of delivery
encourage creativity and innovation at work. The idea has
• A female employee suffering from illness JSW SPCL JSW SPCL
been to evolve a culture of creativity and innovation
arising out of pregnancy, delivery, premature 2,965.4 14.5
through the use of various mechanisms to recognise
birth of child or miscarriage shall, on production 4.0
employees, either as individuals or as part of a team, for
of such proof, be entitled to additional
high level performance that facilitate the Company’s
maternity leave for a maximum of 30 days
pursuit of its strategic goals and objectives.
• Apart from the already existing series of awards for Best
16 0.008
Employee, Exemplary Work, Best Suggestion, Best Safety 549
Passion for Learning Man, Bravery and Courage award, Best QC, Intellectual
Property Rights and Award for Best Contractor, a new
award called Quarterly Departmental/ Cluster Champions 9.5
has been added to the glossary of awards this year. The

JSW ARCL JSW ARCL
Enhancing Capabilities and Capacities quarterly award of Cluster Champion is given in recognition 3,069
19.2
of self-initiated improvements, Best Safety Practices,
Trouble shooting Skills, Innovation & Creativity.
The Company has consistently been investing in building and
• The innovation awards, at JSW, recognise the best
enhancing technical capabilities of its employees. As part of
innovations from all the locations of JSW group. The
this effort, the Company encourages its employees to acquire
innovation awards have provided a platform to showcase
skills by participating in sponsored programs both in India and
achievements and help in replicating such innovation at
abroad. Simultaneously, the Company also provides multiple
other locations. During the reporting period, 21 entries
learning and development opportunities to its employees to
submitted on group level out of which 8 were awarded as
• Management • Non-Management • Contractual Labour
acquire new skills, knowledge and enhance their capabilities.
best cases on SMART (Specific-Measurable-Achievable-
Realistic-Time-bound Objective) criteria basis.
43 44
Education; Skill Development; and Art, Culture and

Sports. All these are being undertaken in a project Empowering Communities - Harnessing Partnerships
mode and are expected to deliver measurable
outcomes. JSW Steel monitors the CSR Our Corporate Social Investment- Thrust Areas
programmes by both internal and external experts.
As per the CSR policy, progress of the The thrust areas, where community investme nts are prioritised, are chosen in engagement with the local
programmes is reviewed periodically by the community and beneficiaries.
Board-level CSR Committee, as well as the
management at the sites.
Each manufacturing site has a dedicated team of

development professionals. Advice and insights of Nutrition Water
Skill Arts, Culture
& & Education
expert organisations and individuals are also Development & Sports
Health Care Sanitation
sought for specific initiatives.
For FY 2014-15 the Company adopted a theme

Janam Se Janani Tak - JSW Aap Ke Saath, a
Message from long-term commitment to meet the needs,
Thrust Areas
thereby empowering women and children living in
Chief Executive Officer, the direct impact zone and beyond at all
JSW Steel has a dedicated CSR team of development professionals at each of its plant locations. It also brings
JSW Foundation manufacturing sites. A case in point is Vijayanagar
where 358 institutional deliveries were on board the expert organisations and individuals to help run specific initiatives in and around the plants. The
undertaken, catalysing the creation of self-help Company is also working with the Government to tackle the issue of malnutrition in the states of Maharashtra
groups (SHGs) benefitting nearly 550 women, and and Karnataka.
Empowering and Inclusion providing quality education to more than 3,500
children.
The one word that sums up everything about JSW In the vicinity of our operations we have enhanced JSW Steel Company’s
Steel is “dynamic”. It added capacity in the last the green belt through plantations, and made more Yield enhancement Tata Institute of budgeted contribution
one and half decades through a combination project at Bellary - Social Sciences for
water available through water conservation In collaboration with Project Impact to community
of organic and inorganic routes; also, its and watershed development projects. ICRISAT and Monitoring, Validation development projects
product range is now very diverse, Government of and Verification of
“Our community Together, these projects are aimed at for FY 2014-15 is
Karnataka outcome claims
including value-added products for investments are rapidly alleviating climate and water risks. ` 43.70 crores
the small consumers and rural becoming strategic, and leveraging We propose to extend such OP Jindal Centre
market. JSW recognises the much larger resource deployment activities to encompass the (OPJC) of Vocational
HIV / AIDS awareness Studies, Vasind - in
potential outcomes of investing by linking up with communities and watershed of our water sources, and counselling - collaboration with
in the community, and government. The governance and in the near future.
Bhoruka Charitable Father Agnel
Trust
consequent mutual benefits that managerial wisdom that it deploys Participation Technical Training
Institute
accrue through community in business is increasingly being In this report we have presented a JSW Foundation received
cooperation and collaboration. applied for social investments summary description of the the NASSCOM Foundation award
and interventions.” positive impacts we have created in Nutrition Mission in
Thane and Palghar - OPJC, Vijayanagar - under social innovation category in
Our community investments are each thrust area via our interventions. in collaboration with
in collaboration with the year 2014. The award recognized
rapidly becoming strategic, and leveraging the Government of Nettur Technical
the efforts to empower women
Maharashtra Training Institute
much larger resource deployment by linking up Our approach to social development in conjunction through basic computer literacy
Nutrition Mission
with communities and government. The with CSR Policy, provide direction to empower and job opportunity in Data Halli;
Bellary - Government
governance and managerial wisdom that it deploys communities and work for inclusive development of Karnataka and approximately 1,500 women have
in business is increasingly being applied for social Spirulina Foundation
in our neighbouring communities. received benefit so far, presently
investments and interventions. Accordingly, the 95 women associates are
Company has identified five specific focus areas working in Data Halli.
Sumantra Sen
for our community development initiatives:
Nutrition and Health Care; Water and Sanitation;
45 46
Delivering Measured Outcomes
NUTRITION 10,000+ SAFE MOTHERHOOD 1000+ • Water access through pipe line and
over head tanks
mothers
children and children • Water purification through installation of
tracked in benefitted RO plants
• JSW Foundation has adopted a Maharashtra • The emphasis has been on infrastructure development -
lifecycle approach where the working towards upgrading the facilities in government run
nutritional status of the child is primary care centres to help them provide institutional 800+ • Water conservation via soil & moisture
conservation, wretched structures for water
tracked from foetus (-nine months) delivery services to catchment population infants
till the age of six years (age when Trained 1000 immunised
retention and ground water recharge
the child migrates to school government • Also facilitating training of ASHAs/Mid Wives/Facilitators
education system from the cadre in and ANMs on counselling relevant for pre and post
WATER CONSERVATION
Anganwadi system). pregnancy, childcare and nutrition
Maharashtra
• Complementing the existing • Initiation of a 24*7 call centre (91-9448763456) for

government program to enhance its mother and child health care
efficiency Location:
Thane and Palghar
100+ hectare land under
130+
Location: water conservation, to be augmented
• Use of technology for decision
making and appropriate service
districts. Plan is to
scale up to all
JSW locations.
100%
institutional delivery in DIZ
Bellary district, Karnataka.
Plan is to scale up to all
to 1000+ hectares farmers benefitted
14000+ fruit tress
delivery JSW locations saplings planted
Location: Salem
• JSW Group is aligning its 500+ students completed their respective Almost 100% OPJC
All Steel
skill development
interventions to the
courses successfully students are skilfully
employed SWACHH BHARAT Locations
National Skill Mission for Also working with 21 government industrial
wider footprint in creating training institutes under PPP ITI Nettur in Tamilnadu
skilled manpower for
industries
900+ women trained in tailoring recently won ASSOCHAM
for the best PPP model
• Facilitating the construction of individual
toilets at home 4000+
• JSW is currently approaching
80 women engaged in regular stitching of award
• Repair and construction of school toilets
individual toilets
garments
skill development in two ways The rural BPO at Vijayanagar 85+
- Establishing and running O.P. 120 women is going through the three month is called 'Data Halli' has
• Spread the awareness among communities
schools toilets
Jindal Vocational Training training tailoring in satellite centres around Vijayanagar about sanitation practices
recently received the award
Centre (OPJCs) - Supporting
government's industrial Rural BPO for women benefitted 800+ women of ‘Best Social
Innovation’ by NASSCOM
training institutes across India 96 women associates are working at Vijaynagar Foundation
WOMEN EMPOWERMENT
SKILL DEVELOPMENT HEALTH CAMPS • Empowerment initiatives at SHG 200+ functional Self Help Groups
3000+ level which gives skill inputs on
2500+ Women
people managing accounts and also skills for
Produced 10000+ packets
• General health camps
Location: • Mobile health camps All Steel benefitted starting small scale business units
Three OP Jindal Vocational training centres (OPJC) at through SHGs and thus empower for
Vijayanagar, Vasind
• Specialised health camps Locations generating employment at village level
• Eye check-up camps Location: Bellary district, Karnataka
47 48
Vijayanagar Works was bestowed with the sharper focus on the material issues, strategic
enabling the Company to scale newer heights of
coveted Prime Minister’s Trophy as the best stakeholder engagement along the value chain,
success, as enshrined in the vision, mission and
Integrated Iron & Steel Plant of India, and also and enhanced integration of sustainability in our
values.
recognised as a winner of the CII-ITC Sustainability business strategy to deliver long term stakeholder
Awards in 2014. value.
Another factor has been our collaborative approach
along the value chain. This led to an increase in the
Our leadership team takes full responsibility, and is Dr. S. Majumdar
share of value-added products in the overall
accountable for various aspects of corporate
portfolio. From an environmental perspective,
sustainability. Going forward, you would witness
reducing the footprint in operations and products
has been the key feature. Finally, in the field of
social and community development, providing
innovative and holistic yet affordable solutions for
the masses has been the highlight.
The need to systematically identify, prioritise and

manage risks, and develop opportunities, has
come sharply to the fore due to the overall global
Endnote by Chief economic scenario in FY 2014-15. Engagement
with internal and external stakeholders and greater
Sustainability Officer experience with the risk management framework
have helped the business take better decisions.
Consequently, there have been efforts to introduce We welcome your feedback on our
Our Priorities for Tomorrow and strengthen systems and practices for various Sustainability Report 2014-15.
subjects, including energy management, human
capital, safety and community development.
This report has provided several glimpses of how For any additional information, or to
sustainable development is synonymous with The ultimate aim is to become world-class; be
provide feedback on this report,
growth at JSW Steel. The way we under- it innovation in steel-making,
stand sustainability is about how we environmental protection, please write to: suman.majumdar@jsw.in
continue to carry out various activities “A significant shift has mainstreaming marginalised sections
in a commercially successful way been to view all material of the society, or even in
whilst contributing towards a aspects of business and governance, transparency and
stronger and more just society, and relevant initiatives in an disclosure. In other words, become
minimising the environmental integrated manner, and investor-friendly in order to realise
footprint. engage effectively with the the ambitious growth aspirations. A
key stakeholders.” significant shift has been to view all
In other words, sustainability is all about material aspects of business and
solutions. Every business, especially those relevant initiatives in an integrated manner,
that grow, is bound to face challenges and and engage effectively with the key
constraints. Success lies in being able to offer stakeholders.
breakthrough solutions. JSW Steel’s ability to
develop solutions lies in the quality of its people, JSW Steel has emerged as a front runner in terms
many of whom have been with the organisation of the number of Industrial Training Institutes [ITIs]
for over 20 years. The dedication and passion they it supports in India. This effort to skill the youth
demonstrate time and again is testimony to the helps meet the growing demand of skilled work
high degree of motivation that prevails, and the force, and hence livelihood opportunities. This is
work force is envied across the industry. The one of the many ways in which the Company
passion to excel will always drive further changes, makes a positive impact.
49 50
Key Accomplishments Independent Assurance Statement

JSW Steel continues to be recognised by the world for Site Achievements JSW Steel Limited (the Company) has requested EXCLUSIONS
its expertise and capabilities. The awards won during KPMG to provide an independent assurance on its The assurance scope excludes;
FY 2014-15 include the following: 1. Vijayanagar Plant won the prestigious Prime Sustainability Report 2014-15.
Minister’s Trophy for excellence in performance • The Company’s financial performance;
Platts Global Metal Awards 2015 of Integrated Steel Plants for the year 2012-13.
The Platts Global Metals Awards is modelled after the 2. CII-EXIM Bank Business Excellence Award - 2014, The Company’s management is responsible for • The Company’s statements thatdescribe
Platts Global Energy Awards, now in its 17th year. awarded by the Confederation of Indian Industry (CII): content of the report,identification of the key issues, expression of opinion, belief, aspiration,
Commendation Certificate for Significant engagement with stakeholders and its presentation. expectation, aim or future intention provided by
Achievement received on November20, 2014. the Company;
3. CII-ITC Sustainability Award 2014: Awarded KPMG’s responsibility is to provide limited assurance
Commendation Certificate for Significant on the report content as described in the scope of
Achievement received on December 19, 2014. assurance. INDEPENDENCE
4. IMC Ramakrishna Bajaj National Quality Award Our work was performed in compliance with the
2014: Won the IMC Ramakrishna Bajaj National The assurance report should not be taken as a basis requirements of the IFAC Code of Ethics for
Quality Award in the Manufacturing Category award for interpreting the Company’s overall performance, Professional Accountants, which requires, among
received on March 20, 2015. except for the aspects mentioned in the scope below. other requirements, that the members of the
5. Salem Plant has won Second prize in IIM assurance team (practitioners) as well as the
Sustainability Award under the Alloy Steel category. assurance firm (assurance provider) be independent of
6. Salem Plant has won Gold Trophy from ASSOCHAM SCOPE OF ASSURANCE the assurance client, including not being involved in
for the Best ITI Skill Development through PPP The scope of assurance covers the following aspects writing the report. The Code also includes detailed
Scheme in India. of the report: requirements for practitioners regarding integrity,
Porter Prize 2015 objectivity, professional competence and due care,
Porter Prize, named after Michael E Porter, Professor, Team Achievements • Data and information related to the Company’s confidentiality and professional behaviour. KPMG has
Harvard Business School, living legend and father of sustainability performance in the period 01 April systems and processes in place to monitor
modern strategy, propels companies to compete on 1. International Convention on Quality Circle Chapter 2014 to 31 March 2015. compliance with the Code and to prevent conflicts
the basis of value creation, innovation and strategy. (ICQCC): Gold Award to Innovator Quality Circle regarding independence.
Team” from SMS-II received on October 15, 2014 • The sustainability specific data and information
at Sri Lanka. covering the Company’s operations at Vijayanagar,
2. National Convention on Quality Circle (NCQC): Salem and Dolvi and its subsidiaries JSW Steel RESPONSIBILITIES
Three teams (Innovators - SMS-2, Janani-BF3, Coated Products Limited, JSW Steel Processing Our responsibility is to express our conclusions in
and Abhimanyu-BF4) were conferred with Par Centres Limited and Amba River Coke Limited. relation to the assurance scope listed above. We
Excellence award, which is the highest honour conducted our engagement with a multidisciplinary
in the category and one team (Sarthak-Coke • The Company’s internal protocols, processes, and team including specialists in ISAE 3000, stakeholder
Oven) was adjudged excellent award, the second controls related to the collection, collation, and engagement, auditing environmental, social and
highest honour and was received on December 22, reporting of sustainability performance data. economic information and with experience in
2014 at Pune. similar engagements. JSW Steel is responsible for
3. Chapter Convention on Quality Circle (CCQC) • The Company’s approach to identify material issues developing the report contents. JSW Steel is also
All the teams (Innovators – SMS-2, Janani-BF3, and engage with its stakeholders. responsible for identification of material sustainability
and Abhimanyu-BF4, Sarthak – Coke Oven)were issues, establishing and maintaining appropriate
conferred with Gold award on September 7, 2014 performance management and internal control
at Bengaluru. systems and derivation of performance data reported.
4. JSW Steel Ltd., Salem Par Excellence Award from This assurance statement is made solely to JSW Steel
National Convention on Quality Concepts for Six
Sigma project
Prime Minister's Trophy

51 52
in accordance with the terms of our engagement. Our OBSERVATIONS

GRI Application Level Service
work has been undertaken so that we might state to
JSW Steel those matters we have been engaged for.
Our observations are as follows:
and Content Index
To the fullest extent permitted by law, we do • JSW Steel has started taking steps to increase
not accept or assume responsibility to anyone other awareness on sustainability reporting across the
From the Chairman’s Desk 1 1.1,3/1-3
than JSW Steel for our work, for this statement, or for organisation.
Maximising our Contributing to Nation Building
the conclusions we have reached. By reading this
statement, stakeholders accept and agree to the • JSW Steel has initiated the process for systematic
Setting the context 3
limitations and disclaimers mentioned above. stakeholder engagement and materiality
Vision, Mission and Values 7 2.1-9/3.5-11
assessment.
Strategic Focus 8 4.8
• The data management system could be further
Engaging for Growth 9 1.1 & 2
METHODOLOGY ADOPTED FOR ASSURANCE: improved to identify responsibilities of monitoring
Key Initiatives 11
We conducted our review in accordance with and review which will help enhance the reliability
International Standard on Assurance Engagements andaccuracy of data reported.
Message from Joint Managing Director 13
(ISAE 3000), “assurance engagements other
Integrity Guides our Value Creation
than audits of review of historical information” issued
by International Audit and Assurance Standards board. CONCLUSIONS
Governance 15 4.1-7,4.9-13
The process of assurance involved - On the basis of our assurance methodology, nothing
Compliance 17
has come to our attention that would cause us not to
Human Rights 18 HR1-11
• Discussion on sustainability with senior executives believe that:
Colloborating to Create Mutual Trust 19 4.14-17
at thedifferent plant locations and at the corporate
Economic Performance 21 EC1-9
office to understand their perspectives, • The report does present JSW Steel’s sustainability
expectations and future plans performance covering its operations as mentioned
Message from Deputy Managing Director 23 EN1-30
in the scope.
Clean and Safe World Class Manufacturing
• Site visits to the operational locations at • Material issues that have impact on JSW Steel and
Vijayanagar, Salem and Dolvi and subsidiaries JSW are of interest to its stakeholders have been
Resource Stewardship 24
Steel Coated Products Limited located at Tarapur, highlighted in the report.
Safe and Healthy Workplace 29
Vasind and Kalmeshwar, JSW Steel Processing • The report meets the requirements of A+
Centres Limited located at Vijayanagar and Amba application level of GRI G3.1 Guidelines on
Message from Director, Commercial & Marketing 31 PR1-9
River Coke Limited, located at Dolvi on a quarterly Sustainability Reporting.
Responsible Value Chain
basis for
Santhosh Jayaram
Product Stewardship 32
• Testing reliability and accuracy of data on a sample Director
Customer Satisfaction 33
basis KPMG India
Responsible Supply Chain 34
» Understanding technical values considered June 4, 2015
» Assessment of the stakeholder engagement
Message from President, Group Human Resources 35 LA1-14
process through interactions with relevant
Caring, Sharing and Growing
internal stakeholders and review of relevant
documentation
People and Diversity 37
» Review of the processes deployed for
Passion for Learning 41
collection, compilation, and reporting of
sustainability performance indicators at
Message from CEO, JSW Foundation 43 SO1-8
corporate and plant level. Appropriate
Empowering and Inclusion
documentary evidence was obtained to
support our conclusions on the information
Empowering Communities-Harnessing Partnerships 44
and data verified. Where such documentary
Delivering Measured Outcome 45
evidence could not be collected on account of
confidential information our team physically
End Notes from Chief Sustainability Officer 47
verified thedocuments.
Our Priorities for Tomorrow
53 54
NVG Mapping SDG Mapping

Principle 1
15-18
Businesses should conduct and govern themselves with Ethics,
Transparency and Accountability
Principle 2
23, 31,
Businesses should provide goods and services that are safe and contrib- 32, 34
ute to sustainability throughout their life cycle
43-46 43-46 29, 43-46 41, 43-46 18, 37, 43-46
Principle 3
9, 18,
Businesses should promote the well-being of all employee 35-42
Principle 4
9, 20
Businesses should respect the interests of, and be responsive towards all
stakeholders, especially those who are disadvantaged, vulnerable and marginalized.
43-46 25 18, 21, 32, 34, 37 3-46 37

Principle 5
13, 15,
Businesses should respect and promote human rights 18
Principle 6
24-30
Business should respect, protect, and make efforts to restore the environment
Principle 7
14 1-2, 13-14, 31, 43-46 23, 24, 32, 34 24-30 29 29
Businesses, when engaged in influencing public and regulatory policy, should do so
in a responsible manner
Principle 8
43-46
Businesses should support inclusive growth and equitable development
Principle 9
Businesses should engage with and provide value to their customers and
31-34
consumers in a responsible manner
15, 23, 43-46 44
55 56
WSA Indicators Abbreviations

» ASSOCHAM: The Associated Chambers of Commerce of India
Industry » BF: Blast furnace
Units 2014-15 2013-14 2012-13 2011-12 2010-11
Average
» BPO: Business process outsourcing
Investment in new » CCQC: Chapter Convention Quality Circle
% of
processes and Revenue 7.5 0.05 0.06 0.62 7.90 0.17 » CII: Confederation of Indian Industry
products » COG: Coke oven gas
» CSR: Corporate Social Responsibility
Economic Value Billion » EHS: Environment, Health and Safety
Distributed USD 954 7.78 8.04 6.79 6.09 4.79 » GHGs: Greenhouse Gases
» GJ: Giga Joules
» GRI: Global Reporting Initiative
Economic Value % of
Revenue 97.30 95.7 97.31 94.45 89.28 73.75 » HRC: Hot rolled coils
Distributed
» ICQCC: International Convention on Quality Circle Chapter
» IFAC: International Federation of Accountants
Training » JSW ARCL: JSW Amba River Coke Limited
Employee Training Days/ 6.5 4.20 6.08 9.42 7.17 4.42 » JSW SCPL: JSW Steel Coated Products Limited
Employee
» JSW SL: JSW Steel Limited
» JSW SPCL: JSW Steel Processing Centres Limited
Lost-time Injury Injuries /
million hours 1.4 0.55 2.55 0.73 0.99 2.19 » KPIs: Key Performance Indicators
Frequency Rate
worked » MLD: Million litres per day
» MTPA: Metric tonnes per annum
» NCQC: National Convention on Quality Concepts
» NGOs: Non-governmental organisations
» NVG: National Voluntary Guidelines
» ODS: Ozone Depleting Substances
» OEM: Original equipment manufacturer
» SDGs: Sustainable Development Goals
» SEBI: Securities and Exchange Board of India
» SHG: Self –help Group
» SMART: Specific-Measurable-Achievable-Realistic-Time-bound Objective
» SMS: Steel melting shop
» tCO2e: Metric Ton of Carbon Dioxide Equivalent
» TMT: Thermo Mechanical Treated
» TPM: Total Productive Maintenance
» TQM: Total Quality Management
» VFD: Variable Frequency Drive
» WSA: World Steel Association
This report is a version for web only.
It is not available in print.
JSW Steel Limited

JSW Centre,
Bandra-Kurla Complex
Bandra (East), Mumbai - 400 051.
INDIA

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Setting the Context 3

Message from Deputy Managing Director 23

Message from Director, Commercial & Marketing 31

Message from President, Group Human Resources 35

People and Diversity 37

Message from CEO, JSW Foundation 43

Empowering Communities-Harnessing Partnerships 44

End Notes from Chief Sustainability Officer 47

JSW Steel Ltd. Sustainability Report 2014-15

JSW Steel Ltd. Sustainability Report 2014-15

Setting the Context Products & Markets

Highlights Market Segment Being Served

^4% ^62% 38% •

INR 8,872 Cr INR 45,352 Cr Pre-Painted

Hot Rolled Long Products

JSW Steel Ltd. Sustainability Report 2014-15

Operations and Products

JSW Steel Limited

Products: JSW Steel Processing Centres Limited

JSW Steel Ltd. Sustainability Report 2014-15

Vision, Mission and Values Strategic Focus Areas

JSW Steel Ltd. Sustainability Report 2014-15

Engaging For Growth

CUSTOMERS REGULATORY BODIES

Improve complaint management More initiatives in health, education and rural

Implementing an effective complaint Efforts in every possible direction and

Parity in career progression

The HR policies of the company are

Timely payments Communication of yearly action plan

Have regular communication with

Effective planning and execution of Disclosure of Information regarding

Begun identifying, assessing,

Stakeholders Key Interests Business Response

JSW Steel Ltd. Sustainability Report 2014-15

Vijayanagar Dolvi Salem

Commissioned Commissioned Commissioned

JSW Steel Ltd. Sustainability Report 2014-15

Message from Joint to the statutory committees. Our Board

Managing Director governance; it has a significant number of

JSW Steel Ltd. Sustainability Report 2014-15

Business Code of Conduct Stakeholder

Mr. Sajjan Jindal Chairman & Managing Director

Mr. Seshagiri Rao MVS Executive Director

Dr. Vinod Nowal Executive Director

Mr. Jayant Acharya Executive Director

Mr. Uday M. Chitale Independent Director

Dr. S. K. Gupta Independent Director

Dr. Vijay Kelkar Independent Director

Mr. Sudipto Sarkar Independent Director

Mr. K. Vijayaraghavan Independent Director

Dr. (Mrs.) PunitaKumar Sinha Independent Director

JSW Steel Ltd. Sustainability Report 2014-15

• To formulate and recommend to the Board, a Corporate Social

Compliance tracking system - a register of all applicable laws and

JSW Steel Ltd. Sustainability Report 2014-15

Collaborating To Create Mutual Trust

• Phone calls, Emails and Meetings

• Community Relations • Timely Payment • Social Gatherings

• Local Economy Growth • Participation in Social • Need Assessment

JSW Steel Ltd. Sustainability Report 2014-15

FY 2012-13 FY 2013-14 FY 2014-15