NMDC Steel Ltd

As we take a step ahead in our journey toward sustainability, we are committed to moving ahead of regulatory compliance. For this purpose, the Board has constituted a CSR and Sustainability committee. This committee is headed by an Independent Director. This committee is responsible for developing sustainability and CSR programmes for NMDC. The progress of these programmes is regularly monitored and evaluated using an internal monitoring system. The report of this monitoring system is presented to the board of directors to help them integrate sustainability considerations in business planning. The CSR and Sustainability committee works along with other board-level committees to ensure effective governance.

The dedicated Board level subcommittee on CSR & Sustainability, headed by an Independent Director, meets regularly to review progress of the major CSR activities vis. a vis. the plans. CSR proposals, are examined by the CSR and Sustainability Committee of Directors, and their recommendations are put up for approval of the Board. A separate Monitoring & Evaluation framework has also been put in place to ensure timely completion of the planned interventions.

The tools in the management systems include policy, procedure, objectives & goals, KPIs, risk identification and review mechanism. With a view to give a more structured organizational response to the requirements of Sustainable Development, a team of Sustainability Champions are in place. With the Board Sub-committee on CSR and Sustainability in place the leadership requirements for Sustainable Development are met by this Committee. The committee sets the direction and reviews the progress of sustainable Development. The Sustainability team drawn from the key areas define and develop the performance metrics and the KPIs. Respective functions at corporate and at subsidiaries have been earmarked responsibility to improve the performance in their sustainability dimensions. These form the core areas for implementing relevant projects.

The tools in the management systems include policy, procedure, objectives & goals, KPIs, risk identification and review mechanism. With a view to give a more structured organizational response to the requirements of Sustainable Development, a team of Sustainability Champions are in place. With the Board Sub-committee on CSR and Sustainability in place the leadership requirements for Sustainable Development are met by this Committee. The committee sets the direction and reviews the progress of sustainable Development. The Sustainability team drawn from the key areas define and develop the performance metrics and the KPIs. Respective functions at corporate and at subsidiaries have been earmarked responsibility to improve the performance in their sustainability dimensions. These form the core areas for implementing relevant projects.