New Delhi, Nov. 13 -- Environmental think-tank iFOREST on Thursday released India's first ESG (environmental, social, and governance) report for the steel industry, introducing a common system to track and report carbon emissions and enhance sustainability disclosures.

The report also includes a steel-specific supplement to the Securities and Exchange Board of India's (Sebi) Business Responsibility and Sustainability Reporting (BRSR), which is designed to improve disclosure quality and attract climate finance.

The report comes at a time when decarbonization of steel sector has gained attention globally due to high carbon intensity of the industry and trade barriers being erected by various western economies, including the European Union...