On January 25th, the Maharatna PSU Steel Authority of India Limited (SAIL) was inducted as a member of “The Leadership Group for Industry Transition (LeadIT)” at the ‘Engaging India at Almedalen’ held in Visby, Sweden.
The LeadIT, a flagship initiative launched by the governments of Sweden and India at the UN Climate Action Summit in September 2019, is an alliance of countries and forward-thinking companies that are committed to action to achieve the Paris Agreement and net-zero transition. LeadIT 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.
The SAIL’s induction to the LeadIT upholds its commitment to climate action and underlines its commitment to enhance 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.
Mr. Amarendu Prakash, the Chairman of SAIL and a guest speaker at the session, stated, “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 coming together to share ideas, bring in thoughts and look for collaborative innovation to solve this problem.”
