For the first time, Jindal Stainless completed a formal Double Materiality Assessment (DMA) - a milestone that elevates how we identify ESG priorities and align them to strategic action. The DMA combines stakeholder insight with financial-risk analysis, so we focus on topics that matter both to society and to long-term enterprise value.
A total of 15 material ESG topics have been mapped across impact and financial lenses. This dual-lens approach helps highlight both societal impact and financial relevance.
Inputs from 1,400+ stakeholders - employees, suppliers, customers, investors, regulators, communities and civil-society partners.
Process aligned with international practice (EFRAG, IFRS and GRI) and designed to inform strategy, risk management and disclosures.
The matrix plots each topic on two axes: Impact Materiality (how JSL affects people & planet) and Financial Materiality (how ESG factors influence JSL’s enterprise value). Use the image to enable interactive drill-downs: click a topic to see definitions, evidence, FY25 performance and linked strategic actions.
The Double Materiality assessment identified 15 ESG topics, which form the foundation of our sustainability strategy. Corporate Governance & Business Ethics and Risk Management do not appear on the double materiality matrix - they have been designated as Tier I (critical) topics.
Mapped potential topics from global frameworks, peer practice and sector risks, and created an initial longlist.
Conducted surveys, interviews and workshops with 1,400+ stakeholders to test priorities, impacts and expectations.
Assessed each topic for its social/ environmental impact (scale, scope, likelihood) and for financial relevance (value-chain exposure, cost/revenue impact, timing).
Findings reviewed and stress-tested with leadership and Board-level sustainability governance to ensure strategic alignment.
Plotted topics on the double materiality matrix and grouped them into tiers for governance and action planning.
Each critical and important topic was mapped to specific objectives, KPIs and pillar owners within our ESG strategy.
These topics guide our actions on climate change, circular economy, responsible sourcing, employee well-being, and governance. In line with EFRAG guidelines, these topics are categorized into three levels of priority based on their impact and financial relevance
Topics of the highest relevance and urgency, requiring immediate and sustained action.
Topics that warrant continuous monitoring and stakeholder engagement.
Topics that remain relevant and need to be tracked for future action.
