- Global economic headwinds including the Russia-Ukraine war and the Israel-Palestine conflict, causing supply chain disruptions, inflation, and slow growth; competition in the business has increased significantly causing a serious adverse impact on the margins of the auto component manufacturers; water scarcity; complexity and global span of automotive industry supply chains exposing companies to significant sustainability and disruption risks; threats of external cyber-attacks, hacking and internal leakage, modification of information, failure to protect information.
Steel Strips Wheels Limited
Greenhouse gas emissions & sustainability report data
Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2022-23 | 122.4K tCO2e (Scope 1 & 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Implemented hybrid power in Mehsana plant, converting approximately 130.00 Lakh units annually to renewable energy; expanding hybrid power model to add 2x 3.3MW renewable energy by FY 2025-26, converting close to 240.00 Lakh units into renewable energy (74% of total power usage in Mehsana plant); added solar capacity in Jamshedpur & Seraikela plants, converting close to 12.00 Lakh units to renewable energy; implemented water conservation project saving close to 40% water at Dappar Plant; similar projects underway in other plants.
- Successfully established “flow forming technology” in alloy wheel, potentially leading to an annual material saving of 350 MT.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Adding 2x 3.3MW renewable energy by FY 2025-26
🌱 ESG Focus Areas
EnvironmentalSocialGovernance