The Group has been carrying out (since 2017) integrated estimation of the carbon footprint of the organization and two key products – coal and coke, based on the GHG Protocol standard using an implemented tool supporting the calculations.
In previous reporting periods, the JSW Group Scope 1 and Scope 2 GHG emissions data were published. For 2023, the area under review was expanded and calculations were made for all three emission scopes. Thanks to the acquired data, it is possible to transparently inform all stakeholders about the environmental impact of the JSW Group activities.
The calculations were carried out in accordance with the GHG Protocol Corporate Accounting and Reporting Standard REVISED EDITION, based on GWP (Global Warming Potential) in a hundred-year horizon (GWP100) published in IPCC Fifth Report from 2014 (AR6, The Sixth Assessment Report of the IPCC) as a measure of the impact of individual gases on the greenhouse effect.
The scope of reported emissions (operational boundaries) includes scope 1 (direct emissions), scope 2 (indirect emissions resulting from the generation of energy purchased by Group entities) and scope 3 (indirect emissions that are a consequence of the Company's operations, but come from sources that are not owned or controlled by the Company. ).
The boundaries of reported emissions (organizational boundaries) include the Parent Company and all Group companies according to operational and financial control – 100% of emissions from all group companies.
Biogenic emissions
In connection with using fuel (gasoline and diesel) in the car fleet and power generators, and heating oil used for heating purposes, we identified biogenic emissions. The value of the emissions was 2,574.8 tons of CO2e in 2024. No biogenic emissions were identified in Scopes 2 and 3.
Under the GHG Protocol guidelines and previous reporting, 2017 was considered to be the base year.
In connection with the new sustainability reporting standards (ESRS) and the definition of the base year, it is assumed that the base year is the year to which the GHG emission reduction targets refer. For the JSW Group, according to the current Environmental Strategy, the base year for ESRS reporting will be 2018.
Currently, the Environmental Strategy and the methane forecasts of mines which are the main source of GHC emissions (more than 70% of total Group emissions) are being updated. On the basis of updated methane forecasts, the revision of the Methane Emissions Reduction Program will be conducted to maximize the level of commercial methane utilization in the most optimal and effective way, and prepare the new energy balance of the Group. During the update, it is also planned to review national and EU legal requirements and to analyse in detail climate-related physical and transition risk, their impact on assets in different time horizons and throughout the value chain. An analysis of the emission reduction path consistent with limiting global warming.
In the calculation of the Group’s carbon footprint for the reporting year 2024, the latest GWP indicators based on the IPCC AR6 report have been used. Accordingly, the GHG emissions for 2017 and 2018 have been recalculated to ensure consistency and comparability of the data. This recalculation consisted of recalculating the values for direct emissions - methane and HFCs - to more accurately reflect the impact of our operations on climate change. The adjusted base value and reference values do not affect the emissions reduction target adopted in the Environmental Strategy.
The original value of GHG emissions for 2017 increased by 4.8%:
•according to the market-based method it was 8.10 million tons CO2e, and currently after the recalculation
it is 8.49 million tons CO2e (a difference of 0.39 million tons CO 2e),
•according to the location-based method it was 8.14 million tons CO2e, and currently after the recalculation
it is 8.53 million tons CO2e (a difference of 0.39 million tons CO2e).
The original value of GHG emissions for the year 2018 increased by 4.8%:
•according to the market-based method it was 8.19 million tons CO2e, and currently after the recalculation
it is 8.59 million tons CO2e (a difference of 0.39 million tons CO2e),
•according to the location-based method it was 8.22 million tons CO2e, and currently after the recalculation
it is 8.61 million tons CO2e (a difference of 0.39 million tons CO2e).
The original value of GHG emissions for the year 2023 increased by 4.8%:
•according to the market-based method it was 8.01 million tons CO2e, and currently after the recalculation
it is 8.39 million tons CO2e (a difference of 0.38 million tons CO2e),
•according to the location-based method it was 8.06 million tons CO2e, and currently after the recalculation
it is 8.44 million tons CO2e (a difference of 0.38 million tons CO2e).