| Inputs | Inputs KPIs |
How Operations Create Value |
Outcomes KPIs | Outcomes | SDGs |
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Financial Capital
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Manufactured Capital
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Intellectual Capital
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Human Capital
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Social &
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Natural Capital
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Interplay of Capitals
Financial Capital
Capital deployed to expand melt-shop, hot- and coldrolling capacities
Funds R&D centres and the development of new stainless grades
Earnings from valueadded products refinance further innovation
Investment in fair wages, training academies, and plant safety systems
CSR budgets fund community and supplierdevelopment programmes around plants
Green capex for renewable power, water recycling, and emission-control systems
Manufactured Capital
Higher mill utilisation and a richer value-added mix lift margins and RoCE
Advanced melting, casting, and rolling lines act as a testbed for process R&D
Automated, well-maintained lines raise on-floor safety and operator skill
Reliable, certified stainless supply deepens customer and supplier trust
Scrap-based EAF route and emission systems cut footprint per tonne of steel
Intellectual Capital
New grades and process efficiencies lower conversion cost and unlock premium pricing
Process innovation debottlenecks the melt-tofinish chain and lifts yield
Digital tools and knowledge systems upskill the shopfloor workforce
Application-engineering support helps customers and fabricators adopt stainless
Research into low-carbon, energy-efficient stainless reduces resource intensity
Human Capital
A skilled, well-retained workforce drives productivity and cost discipline
Trained operators run complex melting, rolling and finishing equipment
Engineers and metallurgists generate new grades, patents, and process know-how
Employees champion community programmes and represent JSL locally
Teams lead on-site energy, water, and waste-reduction initiatives
Social & Relationship Capital
Strong customer, supplier, and investor relationships secure demand and capital
Local supplier and scrapaggregator networks de-risk raw material supply
Partnerships with institutes and customers seed joint stainless innovation
Community engagement and volunteering deepen employee purpose
Stakeholder collaboration supports conservation near operating sites
Natural Capital
Efficient use of energy, water, and recycled scrap lowers operating costs
Renewable power and recycled scrap feed a lowercarbon production route
Sustainability targets spur green-steel and circulareconomy R&D
Safe, clean operations and environmental training protect employee well-being
Responsible resource stewardship earns community trust and a licence to operate