JSW Group to provide Rs 3 lakh incentive for its employees

JSW Group will provide about Rs 3 lakh incentive for its employees to purchase four-wheelers and two-wheelers electric vehicles (EVs).

It is an initiative to help India's Nationally Determined Contributions (NDCs) and Sustainable Development Scenarios (SDS) of the International Energy Agency (IEA).

The EV policy of JSW Group will start from January 2022 for the employees across India. It is an initiative to increase the usage of EVs in India and enable access to green mobility.

Chairman of JSW Group, Sajjan Jindal, said that the company would move ahead, focusing on reducing its impacts while being a pioneer in the sustainable world. It aims to develop ambition among corporates and governmental bodies to support India's target of net-zero emissions by 2070.

Besides incentives, it will provide free electric charging stations and green zones for EVs to all the JSW officers and plant locations for employees.

President and Chief Human Resources Officer of JSW Group, Dilip Pattanayak, said that the transportation sector in India is the third-largest emitter of carbon dioxide. EVs are more efficient than engine vehicles, and EV policy will be effective from January 2022. EVs are not only environment-friendly but also cost-effective.

JSW Steel Limited has adopted a climate change policy and set a target to reduce emissions by 42% by 2030 over the base year of 2005 level.

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