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Emsteel unveils its first Green Finance Framework.
Solar, energy efficiency, and recycling projects to receive funding.
A big boost for sustainability and green initiatives in the steel industry.
In a significant move towards promoting sustainability in the steel industry, Emsteel has launched its first Green Finance Framework Program. The company announced on Monday that this initiative aims to channel financial resources towards green projects and reduce its carbon footprint.
Under this framework, Emsteel will fund projects related to solar energy, energy efficiency, and recycling initiatives. The company has also introduced options for raising funds through green bonds and sustainability-linked loans.
Speaking about the program, Emsteel’s CEO stated, “We are committed to making our operations more environmentally responsible while supporting green initiatives across the industry. This framework will be a core part of our future business strategy.”
Industry experts say this is the first time such a green finance model has been introduced in India’s steel sector, and it’s expected to drive both environmental protection and increased interest from sustainable investors.
Also Read : China Slashes Coal Plant Approvals, Signaling Shift to Clean Energy India and UK conclude negotiations on FTA and Double Taxation Convention.
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