Tata Steel, in a pioneering move, has partnered with the Leadership Group for Industry Transition (LeadIT) to collaborate with countries and companies committed to achieving net-zero emissions in the heavy industry sector. LeadIT, established by the governments of Sweden and India during the UN Climate Action Summit in 2019 and supported by the World Economic Forum, offers Tata Steel valuable insights, best practises, and innovative ideas specific to sustainable practises and green technologies in the steel industry. This significant milestone positions Tata Steel as the first Indian steel company to join LeadIT, cementing its role as a global leader in driving the transformation of industries towards net-zero emissions.
With a goal to achieve carbon neutrality by 2045, Tata Steel aims to become a key contributor in combatting climate change. By collaborating with LeadIT, the company gains access to an essential platform for sharing best practises, influencing policy, and enhancing its own climate initiatives. Tata Steel will utilise the LeadIT platform to address the challenges and opportunities specific to the Indian steel market, which is poised for substantial growth in the coming decades. Leveraging its extensive experience in both the European and Indian steel sectors, Tata Steel is well-positioned to drive conversations and advocate for future policies regarding net-zero carbon emissions in the steel and other heavy industries.
Dr Debashish Bhattacharjee, Vice President, Technology and Research & Development, Tata Steel, said: “Tata Steel’s membership in LeadIT presents a significant opportunity for us to amplify our endeavours towards carbon neutrality. We are wholeheartedly committed to taking decisive actions in this transformative journey, evident in our adoption and implementation of cutting-edge carbon negative technologies such as: Coal Bed Methane (CBM) injection, hydrogen injection in blast furnace and commissioning of carbon capture plant. Our dedication extends beyond internal measures, as we strive to curtail emissions from materials and offer climate-smart solutions that empower our customers to achieve their own environmental targets. By engaging with LeadIT, we gain access to a vital platform for sharing best practises, influencing policy, and enhancing our own climate initiatives. This collaboration not only strengthens our business but also reinforces our role as a catalyst for positive change on a global scale, contributing to the collective pursuit of sustainability.”
Expressing the group’s enthusiasm at welcoming Tata Steel into the group, Per Andersson, Head of the LeadIT Secretariat, said: “Tata´s ambitious goal of attaining carbon neutrality by 2045 paves the way for low-carbon steel production. We at LeadIT, and the Secretariat, warmly welcome Tata to our group. Our joint efforts will significantly contribute to achieving net-zero targets for the global steel sector.”
Rajiv Mangal, Vice President, Safety, Health & Sustainability, Tata Steel, said: “At Tata Steel, sustainability forms the core of our business philosophy. The Company has already initiated several measures in its pursuit of net zero carbon emissions by 2045. Our membership in LeadIT empowers us to drive sustainable change in the steel industry and beyond. By collaborating with global leaders and sharing best practises, we are committed to achieving carbon neutrality6 and creating a greener future. Together, we can make a lasting positive impact on the environment and pave the way for a sustainable world.”
Tata Steel recognises the role of green technology in advancing sustainability efforts within the industry. The focus lies in harnessing Carbon Capture Utilisation and Storage (CCUS) technologies, which offer cost-effective solutions for capturing and utilising CO2 on a large scale. As a significant achievement, Tata Steel recently conducted successful trials injecting hydrogen gas at record-high levels in Blast Furnace-E at its Jamshedpur plant, showcasing the company’s unwavering commitment to India’s industrial decarbonisation journey. Additionally, Tata Steel has implemented measures to reduce freshwater consumption, develop sustainable supply chains, and embrace the principles of the circular economy. By partnering with LeadIT, Tata Steel reaffirms its position as an industry leader, poised to shape the future of challenging sectors through innovation, collaboration, and thought leadership.