Company Directory - JSW Steel Ltd.
Company Details - JSW Steel Ltd.
JSW Steel Ltd.
WebsiteMumbai, India
JSW Steel is one of India’s leading integrated steel producers, offering a diverse range of high-quality steel products. The company is known for its state-of-the-art production facilities, innovative practices, and a strong commitment to sustainability in the steel industry.
CCI Score
CCI Score: JSW Steel Ltd.
8.94
Latest Event
JSW Steel Ltd Lobbying Profile Analysis
The article profiles the lobbying activities of JSW Steel Ltd, highlighting the company's involvement in political influence through lobbying efforts. From an anti-fascist perspective, such efforts are concerning as they can enable corporate interests to sway policy-making, potentially supporting authoritarian agendas.
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OBJECTOR
JSW Steel Ltd. is currently rated as an Objector.
Latest Events
- FEB192025
The article profiles the lobbying activities of JSW Steel Ltd, highlighting the company's involvement in political influence through lobbying efforts. From an anti-fascist perspective, such efforts are concerning as they can enable corporate interests to sway policy-making, potentially supporting authoritarian agendas.
-30
Political Contributions and Lobbying Efforts
March 23
JSW Steel Ltd’s lobbying profile on OpenSecrets illustrates its active participation in political lobbying. This level of engagement raises concerns about the potential for corporate influence over democratic processes, aligning with broader patterns of corporate complicity in undermining transparency and public accountability.
- JAN212025
JSW Group signed a Memorandum of Understanding with the Government of Maharashtra for a Rs 3-Lakh Crore investment across multiple sectors. While this MoU may boost industrial growth and sustainable development, the deep economic collaboration between the conglomerate and the state raises concerns about potential regulatory capture and increased corporate influence over public policy.
-20
Economic Collaboration
March 23
The substantial financial agreement between JSW Group and the Government of Maharashtra signals a significant level of economic collaboration. From an anti-fascist perspective, such close ties between a major corporation and a state government can pave the way for regulatory capture, where corporate interests may unduly influence public policy and weaken democratic accountability. Although the deal promises industrial growth and sustainability, the potential for over-concentration of economic power poses risks to equitable governance.
JSW Group Signs MOU with Government of Maharashtra for Rs 3-Lakh Crore Investment in The State
- OCT112024
JSW Steel has signed a pact with BHP and Carbon Clean to accelerate the deployment of carbon capture technology in its steelmaking process, a move that underscores its commitment to sustainable and ethical business practices.
+80
Business Practices and Ethical Responsibility
March 23
By forging a partnership to deploy carbon capture technology, JSW Steel demonstrates proactive ethical responsibility in addressing environmental challenges. This step reflects a commitment to sustainable practices that reduce greenhouse gas emissions and align with values countering exploitative or oppressive economic practices.
JSW Steel partners with BHP, Carbon Clean to work on capture technology in steelmaking, ET Infra
+80
Technology and Services Impact
March 23
The initiative to integrate Carbon Clean's CycloneCC modular technology positions JSW Steel as an innovator in deploying advanced technologies that mitigate environmental impact. This move not only enhances operational efficiency but also supports broader ethical commitments by reducing emissions linked to oppressive industrial practices.
JSW Steel partners with BHP, Carbon Clean to work on capture technology in steelmaking, ET Infra
- MAR182024
JSW Steel stated that it has not made a political contribution of 50 million rupees to JD(S), clarifying misinformation and emphasizing its commitment to transparency in political financing.
+80
Political Contributions and Lobbying Efforts
March 23
JSW Steel clarified that it has not made a political contribution of 50 million rupees to JD(S). This clear statement serves as an important demonstration of transparency and a commitment to avoiding financial entanglements with politically controversial activities. In an era marked by concerns over corporate support of authoritarian practices, this clarification is a positive indicator that the company is distancing itself from such involvement.
JSW Steel Clarifies It Has Not Made Political Contribution Of 50 Mln Rupees To JD(S)
- OCT012023
JSW Steel has conducted extensive human rights due diligence across its operations and supply chain. The assessment, aligned with UNDP and ICMM guidelines, focuses on labour rights, non-discrimination, grievance redressal, and ethical sourcing practices, showcasing a strong commitment to protecting human rights.
+85
Labor Relations and Human Rights Practices
March 23
JSW Steel’s Human Rights Due Diligence assessment indicates a comprehensive approach to labour rights protection, including measures against child labour, forced labour, and discrimination. Aligning its framework with international standards such as UNDP and ICMM guidelines, the company demonstrates a robust commitment to upholding worker rights and creating a safe, inclusive work environment.
+80
Supply Chain Ethics
March 23
The Human Rights Due Diligence process undertaken by JSW Steel extends its examination to include its supply chain. This initiative reflects proactive efforts to enforce ethical sourcing and ensure that suppliers adhere to human rights standards, thus mitigating risks of abusive labour practices.
- OCT012023
JSW Steel's shares dropped following corruption allegations involving its chairman, as reported by the Financial Times. The allegations, raised by India's Central Bureau of Investigation, raise serious concerns over the company's business ethics and corporate governance.
-70
Business Practices and Ethical Responsibility
March 23
The corruption allegations against JSW Steel's chairman suggest significant ethical breaches in the company's business practices. Such dubious practices undermine corporate accountability and transparency, elements critical in opposing authoritarian and fascist tendencies. The negative impact on investor confidence and the potential for regulatory scrutiny further highlight ethical lapses.
JSW Steel shares down on corruption allegations - Financial Times
- DEC312018
JSW Steel Ltd was recorded as having spent $431,608 on lobbying activities in 2018, as documented by OpenSecrets. This spending raises concerns about the company's political influence in shaping policies that could bolster authoritarian practices.
-50
Political Contributions and Lobbying Efforts
March 23
The company's lobbying expenditure of $431,608 in 2018 indicates a notable engagement in political influence efforts. This level of spending can contribute to shaping policy in ways that favor corporate interests over public welfare, reinforcing power imbalances that may support authoritarian practices. From an anti-fascist perspective, such actions are concerning as they enable corporate complicity in undermining democratic accountability.
- DEC162013
JSW Group, the conglomerate behind JSW Steel, is establishing a trust under Section 25 of the Companies Act to channel up to 7.5% of group companies’ net profit into political funding. While the new legal framework aims at greater transparency, this move raises concerns about corporate influence over political processes and the potential to support authoritarian-leaning political entities.
-30
Public and Political Behavior
December 16
JSW Group’s move to set up a trust for political funding situates the company squarely within concerns of corporate political influence. The decision may lead to amplified corporate leverage in political arenas, which, even under supposedly strict transparency measures, presents a risk of channeling funds to parties that might support authoritarian policies.
-40
Political Contributions and Lobbying Efforts
December 16
By channeling a significant portion of its net profits into a trust for political funding, JSW Group is directly engaging in practices that can amplify corporate influence over political parties. This strategy opens the door for corporate funds to back political agendas, potentially including those that contribute to authoritarianism, despite the intended safeguards of disclosure and transparency.
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