Dear Stakeholders,
It is with immense pride that we unveil Evonith Steel’s inaugural Environmental, Social, and Governance (ESG) Report, a momentous milestone that signifies our unwavering commitment to ESG principles throughout our organization. This report is a comprehensive reflection of our journey, providing invaluable insights into the progress made, results achieved, and our future commitments.
At the core of Evonith Steel’s ethos are our clearly defined values: Here for All – Here for People, Here for Impact, Here for Excellence. Our dedicated cross-functional ESG committee, comprising 12 members, ensures the pervasive integration of these principles across our organization, aligning our focus areas with our core values.
We have instituted specific programs to exemplify our dedication, ranging from prioritizing worker safety and supporting local communities to reducing our carbon footprint. Highlighted below are key initiatives that underscore our commitment:
Health and Safety: Our Occupational Health and Safety (OHS) management systems adhere to global standards, with a focus on achieving zero harm through Hazard Identification Risk Assessment (HIRA) and safety techniques.
Diversity and Inclusion: The independent D&I Committee, consisting of 28 cross-functional members, actively promotes diversity and inclusion through training programs and talent acquisition, with a specific emphasis on empowering our female colleagues.
Addressing Climate Change: We actively reduce our carbon footprint, enhance energy efficiency by focussing on processes, technology & risk assessment. We adhere to ISO 50001 standards, involving employees at all levels in energy management.
Managing Water Resources: Responsible water usage practices are integral to our ESG framework, considering environmental and biodiversity impacts.
Vocal for Local: We prioritize local procurement from micro, small, and medium-sized enterprises (MSMEs) to support local economies.
Business Ethics: Upholding the highest standards of integrity, transparency, and accountability.
Corporate Social Responsibility: Commitment to community well-being is demonstrated through initiatives in education, healthcare, and socio-economic development, focusing on ten nearby villages.
Our report provides an in-depth exploration of the actions taken and outcomes achieved, showcasing Evonith Steel’s evolution into a sustainable and growth-oriented company. This journey towards financial and operational discipline strengthens our commitment to creating a Better Today for All. Through this report, we extend transparency and insight into our sustainability initiatives and future commitments.
To our valued stakeholders — employees, contractors, communities, suppliers, customers, partners, shareholders, and investors — we express sincere gratitude for your unwavering support. At Evonith Steel, we remain steadfast in our dedication to excellence, both in financial performance and meeting ESG targets.
As we anticipate the future, we stand firm in our commitment to our values. Together, we will shape a sustainable, prosperous, and impactful future. We encourage each stakeholder to delve into the report and join us in our pursuit of excellence, making a meaningful difference in the world.
Yours sincerely,
Jai Saraf
Chairman, Evonith Steel
