In the midst of the low-carbon, green growth movement and anticipated regulatory mandate to reduce CO2 emissions, the importance of strategic decision making and carbon management performance is growing. Assessment of risks and opportunities as accurately as possible is needed. Tata Steel’s carbon accounting is a process for calculating the costs and benefits of carbon management activities. The results are then specified according to product and process to provide decision makers and stakeholders with relevant information.

Tata Steel monitors possible financial impacts under the target oriented energy efficiency enhancement programme launched by Government of India under Perform-Achieve-Trade and the RPO as mandated under the State Regulatory Authority. Indirect impacts such as increased cost of power, raw material, fuels, other consumables and transportation are also continuously tracked. Projects for an energy-efficient and carbon efficient future are embedded in Tata Steel’s Long Term Plan.

Carbon Efficient Future:

  • The Company believes that continuous improvement of energy efficiency and resource conservation in the iron and steel works is the most fundamental way to reducing GHG emissions. Tata Steel pursues an energy and resource efficient future through smaller schemes as well as major expansion programmes.
  • The resource and energy efficient 3.05 MTPA “I” Blast Furnace, blown-in during 2012-13, produces Iron in a Lean Carbon manner.
  • Additional features of the furnace are aimed at attainment of higher energy efficiency and abatement.
  • Tata Steel supplies carbon friendly steel products to its customers to reduce their carbon footprint while raising the overall competitiveness of the steel industry.
  • In addition to its carbon accounting system (MoniCA) for monitoring and benchmarking CO2 emission performance, implementation of an IT platform for a centralised environmental database went online in 2012-13.
  • The Company has virtualized servers to reduce its Carbon footprint, introduced new fuel-efficient and higher capacity vehicles in contracts, influenced suppliers to pursue green processes and is exploring, developing and deploying green packaging for steel products.
  • Customer Service Division commissioned a 100 tonne custom-designed trailer in the Central Hub, reducing the number of trips between mills. An In-Plant tracking system for road vehicles made in-plant movement more efficient.

Know more about Eco-friendly products.