ESG Sectorial Analysis: For Metals & Mining Sector

ESG Sectorial Analysis
FOR METALS & MINING SECTOR Group-3

Akshit Narain Saxena 271065
Nishank Chauhan 271092
Shrey Gupta 271110
Chetan Singhal 123073
Divya Somani 123075
Sahil Gupta 123031
Sarthak Mittal 123100
Shivam Goel 123103
Surbhi Garg 123108
Varun Dube 123115
Environmental Legislation
Act No. 29 Air Pollution and Control of Pollution
Environmental Protection Act
Act works towards the improving the quality of air
No. 29 of 1986 and to prevent. Control or abate air pollution in the
Act as a statutory anchor for the preparation of an country
Environmental Impact Assessment (EIA) report
and attendant administrative process.
Act of 1981
Act of 1974
Water Act (Protection and Forest Conservation Act

Prevention Control of Pollution) Act of 1980 No forest areas can be used for the non forestry
Act Provides for the establishment of a central purposes without the consent of the previous
board and state boards to promote cleanliness of government
rivers, streams and wells in different parts of the
country
IMGT - 2 GROUP 3 2
Social Legislation
The Factory Act, 1948 The Mines Act, 1952

• Administrated by the Ministry of * Administered by the Ministry of
Labor and Employment through Labor and Employment through
Directorate General Factory the Directorate General of Mines and
Advice Service & Labor Institute Safety
• To regulate the working * Contains provisions for measures
conditions in factories relating to the health, safety and
welfare of workers in the coal,
metalliferous and oil mines.
IMGT - 2 GROUP 3 3
Governance Legislation
National Mineral
Mines and Minerals National Mineral Policy Exploration Trust
(Development and 1993 (Amendment) Rules, 2018
Regulation) Amended the National
Amendment Act, 2015 The need for encouraging
Mineral Exploration Trust
private investment
Rules, 2015. States will
including Foreign Direct
now have to deposit the
Proposed to bring Investment (FDI), and for
fund collected under the
transparency to the attracting state-of-art
National Mineral
allocation of mining technology in the mineral
Exploration Trust (NMET)
license process by sector
to the Consolidated Fund
auctions. of India instead of the
trust’s own bank account.
01 02 03
IMGT - 2 GROUP 3 4
ESG Score Progress
A
B
C
D
IMGT - 2 GROUP 3 5
The reasons for a good/bad score
achieved by each company.
Vale Indonesia
Environmental
◦ Resource reduction targets
◦ Policy for water efficiency
Social
◦ Employee health and safety policy
◦ Child labor policy
Governance
◦ Corporate Governance board (Structure and size)
IMGT - 2 GROUP 3 7
Bharat Forge
Environmental
◦ Policy Energy Efficiency
◦ Renewable Energy Use
Social
◦ Training and Development Policy
◦ Whistleblower Protection
Governance
◦ Audit Board Committee
◦ CSR Sustainability Committee
IMGT - 2 GROUP 3 8
Feng Hsin Steel
Environmental
◦ No Reduction in Toxic Chemicals
◦ No emission and emission trading policy
Social
◦ Absence of Skills Training policy
◦ No Policy for Diversity and Opportunity
Governance
◦ Improper size of corporate governance board
◦ No Succession Plan
IMGT - 2 GROUP 3 9
TATA Steel
Environmental
◦ No Reduction in Toxic Chemicals
◦ No Targets for Energy Efficiency
Social
◦ Absence of Health & Safety Training
Governance
◦ Absence of Board Functions Policy
◦ Improper size of corporate governance board
IMGT - 2 GROUP 3 10
Remedial actions/new strategies adopted
by each company for ESG Score
improvement
Tata Steel
Addressing Climate change - investing in new technology like HIsarna in Netherlands, a more
flexible new smelting reduction technology to produce steel from lower grade raw materials
without the need for coke making or agglomeration processes and which positively impacts the
CO2 footprint.
Started publishing an integrated report - an all-inclusive depiction of key stakeholder concerns
Invest in employee welfare - their work culture ensures safety, health, competency
enhancement and overall well-being of our employees.
IMGT - 2 GROUP 3 12
Bharat Forge
Measures have been taken after 2016, now the company procures environment friendly
materials and has a improved focus on using water efficiently.
New technology is is being used to reduce emissions and now renewable energy sources are
being put to use by the company.
Career development initiatives for the employees have been taken.
Policy Board size has been increased and now it is more diverse and independent.
IMGT - 2 GROUP 3 13
Vale Indonesia
US$ 487.3 million invested in environmental protection and conservation
Health actions with 341.8 thousand employees, third parties and members of communities that
surround the operations
External Consultants have been hired by the company to get a new perspective.
Diversifying the Policy Board to better cater to the needs of every stakeholder.
IMGT - 2 GROUP 3 14
Feng Hsin Steel Co Ltd
Revealing management information to public, strengthen business performance, and maintain
investor interests.
Providing a safe, healthy, cultivate talent, and laborers/employers cooperation in order to create
a harmonious relationship between employee and employer of working environment.
Developing a sustainable homeland through environment protection, benefit people/society,

cherish the resources, and implement carbon dioxide emissions policy.
IMGT - 2 GROUP 3 15
IMGT - 2 GROUP 3 16

ESG Sectorial Analysis: For Metals & Mining Sector

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ESG Sectorial Analysis

FOR METALS & MINING SECTOR Group-3

Water Act (Protection and Forest Conservation Act

The Factory Act, 1948 The Mines Act, 1952

Started publishing an integrated report - an all-inclusive depiction of key stakeholder concerns

Career development initiatives for the employees have been taken.

Developing a sustainable homeland through environment protection, benefit people/society,

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