Sunflag Iron & Steel's FY25 BRSR Highlights Sustainability Initiatives

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26 Aug, 2025 12:21

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Sunflag Iron and Steel Company Limited has released its Business Responsibility and Sustainability Report (BRSR) for the financial year 2024-25, detailing the company's environmental, social, and governance (ESG) initiatives. The report, an integral part of the 39th Annual Report, is available on the company's website.

Operational Overview

The company's manufacturing activities primarily involve the production of steel and steel products, accounting for 100% of its business activity. Key products include steel ingots and long products (92.75%), pig iron (5.04%), and sponge iron (2.18%). Sunflag Iron and Steel operates nine locations, including a plant in Bhandara and offices in Nagpur, Mumbai, Pune, Delhi, Faridabad, Chennai, and Bengaluru. The company serves markets across 19 states in India and exports to 12 countries.

Employee and Worker Well-being

As of the end of FY25, the company employed 872 individuals, with 843 permanent employees and 29 other than permanent employees. The workforce also included 2,928 workers, comprising 404 permanent and 2,524 other than permanent workers. Initiatives for employee well-being include health insurance and accident insurance, covering a significant portion of the workforce.

Environmental Stewardship

Sunflag Iron and Steel is committed to reducing its environmental impact through various measures:

• Energy Consumption: The company reported a total energy consumption of 2,562,841.699 Mega Joules, with an energy intensity of 0.07248 MJ/Rs. The company aims to reduce power consumption by 10% by 2026 using renewable energy.
• Water Management: The company withdrew 31,37,284 kilolitres of water, with a water intensity of 0.0000887 per rupee of turnover. Zero Liquid Discharge is maintained.
• Emissions Reduction: The company is focused on reducing greenhouse gas (GHG) emissions, targeting a 30% reduction per metric ton of product by 2050. Total Scope 1 emissions were 15,27,748.16 tCO2, and Scope 2 emissions were 1,76,158.20 tCO2.
• Waste Management: The company generated 6,53,973.61 metric tonnes of total waste, with a waste intensity of 0.0000185 per rupee of turnover.

Corporate Social Responsibility (CSR)

Sunflag Iron and Steel actively engages in CSR, with projects focused on community development and social welfare. Key CSR projects include sewing machine distribution, solar light installations, borewell construction, RO plants, health checkup camps, and libraries. These initiatives aim to benefit vulnerable and marginalized groups.

Stakeholder Engagement

The company maintains engagement with key stakeholders, including customers, employees, value chain partners, shareholders, and local communities. Communication channels include meetings, emails, SMS, and community events. The company also has a grievance redressal mechanism in place to address stakeholder concerns.

Governance and Ethics

Sunflag Iron and Steel is committed to maintaining high ethical standards and transparency in its operations. The company has various committees, including an Audit Committee, a Corporate Social Responsibility Committee, and a Stakeholders Relationship Committee, to oversee governance and compliance.

Memberships and Affiliations

Sunflag Iron and Steel is affiliated with several trade and industry associations, including the Confederation of Indian Industries (CII) and the Alloy Steel Producers Association.

The company's BRSR highlights its ongoing efforts to integrate sustainability into its business operations, demonstrating its commitment to responsible and ethical practices.

The company's BRSR highlights its ongoing efforts to integrate sustainability into its business operations, demonstrating its commitment to responsible and ethical practices.