JSW Group, a leading business giant, has announced a New Year's incentive for its employees. Starting January 1, the firm will give a financial incentive of Rs. 3 lakh to employees who purchase an electric vehicle.

This is the first time a large Indian corporation has taken such a step.
The JSW Group's incentive programme is open to all of the company's workers in India. "Aligned with India's Nationally Determined Contributions (NDCs) and Sustainable Development Scenarios (SDS) of The International Energy Agency (IEA), Mumbai-based multi-billion-dollar conglomerate The JSW Group has unveiled their latest Green initiative JSW Electric Vehicle (EV) Policy for its employees across India," the company said in a statement on Monday.

The JSW Group's EV policy involves the purchase of both two-wheeler and four-wheeler electric cars. Not only that, but all JSW offices and industrial locations will provide free dedicated charging stations and parking spaces for electric vehicles to employees. The policy, according to the company, is intended to encourage staff to purchase electric vehicles.

"Since our honourable Prime Minister announced at the COP26 meeting in Glasgow that India aims to achieve net-zero carbon emissions by 2070, JSW Group's new EV Policy is a unique initiative leading to increased adoption of EVs in India and enabling access to green mobility," said Sajjan Jindal, Chairman of the JSW Group. We concentrated only on decreasing our own impacts while pioneering in the field of sustainability. The objective is to raise business and government ambitions to help India achieve net-zero energy by 2070."

"Because electric cars are more efficient than traditional IC engine vehicles, the JSW EV policy, beginning January 2022, will establish a bar for others to follow," stated Dilip Pattanayak, President and Chief Human Resources Officer of the JSW Group. "Not only are electric vehicles ecologically good, but they are also cost-effective."

Steel, energy, infrastructure, cement, paints, venture capital, and sports are all part of the JSW Group's portfolio. Aside from introducing an EV policy for staff that would assist them in contributing to the country's EV adoption, the corporation has also set a CO2 emission target for itself. JSW Steel, which is part of the JSW Group, has implemented a climate change strategy and set a goal of reducing CO2 emissions by 42 percent by 2030 compared to 2005.

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