Sustainability is at the Heart of our plan of action and operations

Sustainability is and will continue to be our prime focus as we work toward our long term Vision & Strategy

Steel has been central to human progress and steel will continue to be inherent to society because it is strong, durable, flexible and reusable. Steel is the most easily recycled material, making it perfect for a circular economy. It is essential that the next chapter in India’s development does not compromise future generations. For Stancor India, that means our steel needs to evolve to become smarter and more sustainable.

We must prepare for and respond to the most significant long-term environmental and social trends transforming the world in which we operate. The integration of sustainable behavior and practices into our operations is essential in ensuring steel is the material of choice in the transition toward a circular and low-carbon economy.

Working towards a sustainable future is critical to Stancor Alloys. At Stancor India, we are introducing the highest standards of sustainability to our operations, across the steelmaking spectrum – from the way we manufacture steel and use our resources, to how we develop new products and support our people and communities.

SD outcomes have been articulated by Stancor to provide the framework for engaging on sustainability. They are:

Safe, healthy, quality working lives for our people

Our workforce is safe and healthy, committed to our success and operates with integrity. Diversity is valued and every individual is respected and their potential developed.

Products that accelerate more sustainable lifestyles

Commercial designers and manufacturers in industries that contribute to our everyday lifestyles, such as automotive and packaging, choose steel because they understand that its strength, formability and recyclability are vital in developing innovative solutions for sustainable development.

Products that create sustainable infrastructure

Steel is the favored material for construction and infrastructure projects, because the firms that design and build them – and the governments and public bodies that commission and approve them – recognize and appreciate the true value it will add, now and in the future.

Efficient use of resources and high recycling rates

We use both raw materials and recycled inputs in the most efficient way, so that we're creating significant value for our customers and shareholders, as well as contributing to the goals of a circular economy.

Trusted user of air, land and water

The outcome we need is for our stakeholders to trust us to share the vital resources of air, land and water. They will do this because we operate responsibly and transparently, demonstrate we want to reduce our negative environmental impacts and work in collaboration with partners and local communities to enhance the natural resources we all rely on.

Responsible energy user that helps create a lower carbon future

Our stakeholders trust that we are focused on making our operations as energy efficient as possible, and on significantly cutting the carbon they emit in order to help create a low-carbon future.

Supply chains that our customers trust

Customers trust that we meet or exceed their environmental, social and governance expectations, both in our own steel and mining business, as well as in our supply chain, in particular the mine sites that we buy from.

Active and welcomed member of the community

We want our communities to have confidence that we will anticipate and address the impacts we have on the local community and environment, to see us as partners in their socio-economic development and to trust us to have an open dialogue whenever challenges arise.

Pipeline of talented scientists and engineers for tomorrow

We have built a healthy pipeline of well-trained and talented engineers, scientists and technicians, both for our own future, and for society as a whole.

Our contribution to society measured, shared and valued

We can show the value of the contributions we make to society and enable our stakeholders to understand them alongside our financial results.

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