Information on the report

Approach

To align with our stakeholders' expectations concerning the most important issues related to the Group's operations, we are delighted to present our annual integrated report, which is the second integrated report published by JSW Group. The report encompasses the most important issues that show the dependencies and relations linking the financial and non-financial aspects of the Group's activities.

The aim of this integrated report is to present to all shareholders, investors and partners comprehensive information about the Group as well as to depict and clarify the context of its activities and to clarify that value creation reaches far beyond the financial aspect, covering issues such as: respect for the environment, science and people, safety, honesty, responsibility and transparency, based on which we build trust, lasting relations with customers, employee satisfaction and good contacts with local communities.

Scope

This report depicts the key events and financial results for the period from 1 January 2021 to 31 December 2021.

The report is published annually. The previous report was published in June 2021. No material changes in the scope of reporting occurred in comparison to the previous year. The key areas that attract the largest interest from our stakeholders are as follows:

  • business strategy,
  • corporate governance, transparency and honesty in management,
  • personnel safety,
  • impact of JSW Group's operations on the natural environment and its protection,
  • employee and social issues, including respect for human rights and anti-corruption,
  • minimizing the negative impact on the climate and the environment
  • the company's contribution to the development of local communities respect for and effective use of natural resources.

Information on the Group structure and companies included in the consolidated financial statements is presented in Note 1.2.

Methodology

The form and content of this report are prepared in accordance with recommendations from the International Integrated Reporting Council (IIRC) concerning: materiality and reliability of published information, consistency and focus on the future. The financial data is presented in accordance with International Financial Reporting Standards (IFRS). Non-financial reporting areas are prepared:

  • in accordance with guidelines in art. 49b and art. 55 of the Accounting Act of 29 September 1994, as amended, which implements Directive 2014/95/EU of the European Parliament and of the Council of 22 October 2014 as regards disclosure of non-financial and diversity information,
  • in accordance with GRI Standards, core option. Aside from disclosures corresponding to the above areas, the report includes information corresponding to GRI Standards outside of these areas and selected sectoral disclosures. Nonetheless, in these cases certain aspects are omitted, e.g. management approach.

The report was not subject to an additional external verification by a statutory auditor.

Both JSW and the entire JSW Group have an extensive range of stakeholders, whose voice is important for operating in a better, more effective and safer manner. As a supplier of a strategic raw material - metallurgical coal - an essential element in the production of steel, which is the bedrock of sustainability and a key to the transition toward a low-carbon economy, we want to be certain that the activities being undertaken by us are aligned with your expectations.

We want to do business in a responsible manner, observing the law and with respect toward all of our stakeholders and other entities involved.

The thematic range of the reported sustainability aspects was determined on the basis of a survey of material areas of responsibility carried out at the end of 2021, to which we invited employees, capital market representatives, social organisations, contractors and business partners – including foreign ones – in order to find out which areas are of particular relevance from their point of view. The content of the report is also consistent with the themes identified as material and relevant during work on the Group's new sustainability strategy, which was adopted in February 2021.

If you have any questions, concerns or suggestions with regard to the content of this report, please contact:

Karolina Woszek

tel. +48 695 752 590                

email: [email protected]