SAIL joins LeadIT at Sweden, focusing strong commitment to climate action
This strategic move of SAIL to align with the LeadIT vision emphasizes SAIL's commitment to climate action and also aligns the company with global efforts to combat climate change.
![SAIL joins LeadIT at Sweden, focusing strong commitment to climate action](https://www.psuconnect.in/sdsdsd/steel14.jpg)
Steel Authority of India Limited (SAIL), a Maharatna Public Sector Steelmaker, is thrilled to announce its recent induction as a member of The Leadership Group for Industry Transition (LeadIT) at the ‘Engaging India at Almedalen’ event held in Visby, Sweden.
LeadIT was launched by the governments of Sweden and India at the UN Climate Action Summit in September 2019 and is supported by the World Economic Forum. LeadIT is an alliance of countries and forward-thinking companies that are committed to action to achieve the Paris Agreement and net-zero transition.
Read Also : Indian Overseas Bank Offers up gradation Facility on Savings Scheme VariantsLeadIT members subscribe to the notion that energy-intensive industries can and must progress on low-carbon pathways, aiming to achieve net-zero carbon emissions by 2050.
This strategic move of SAIL to align with the LeadIT vision emphasizes SAIL's commitment to climate action and also aligns the company with global efforts to combat climate change.
By joining LeadIT, SAIL will have access to sectoral and cross-sectoral learning, gain valuable insights into new technologies, and collaborate for innovative opportunities.
Read Also : Government released new list of appointments and recommendationsWhile recently visiting Sweden to firm up the collaboration, Shri Amarendu Prakash, Chairman, SAIL, was a guest speaker at the session with the theme ‘Samband for Climate Action’. He commented, “The infrastructure push in India is set to be immense and the Indian steel industry has to take the lead in not just building infrastructure but to ensure that it is done sustainably.
Realizing the significance of climate change and the urgent need for climate change action, we see it as a survival question for the world and we firmly believe that only a collaborative approach on the world scale can address this challenge faced by humanity. We find LeadIT is a great platform where both governments and the industry are actually coming together to share ideas, bring in thoughts and look for collaborative innovation to solve this problem”.
Read Also : RBI imposes monetary penalty on five banksNews Must Read
- Coal Secretary Amrit Lal Meena meets Chhattisgarh CM Vishnu Dev Sai
- Miniratna PSU NCL marks brilliant performance in FY 2023–24
- NBCC sign MoU with NIT Patna, Costing Rs 36 Cr
- DVC sign Power Purchase Agreement with GUVNL
- Defence Ministry to support all endeavours of BEL
- NCL SIgns MoU with UPRVUNL for 250 MW of Solar Power Capacity
- NTPC Vidyut Vyapar Nigam Ltd Achieves 43% YoY Growth, Trading 11.5 Billion Units in Q1 FY25
- Vivek Chandrakant Tongaonkar appointed as ONGC’s New Director (Finance) and CFO
- IREDA's Impressive Q1 FY25 Performance
- NTPC achieves 17.15% surge in Coal Despatch and 15% Growth in Coal Production in Q1 FY25