In a recent interview with McKinsey, T. V. Narendran, CEO and Managing Director of Tata Steel, discussed the steel sector’s critical role in the global decarbonization effort. He acknowledged that steel production accounts for approximately 8% of global CO₂ emissions but emphasized that a green transition is not possible without steel, which is essential to infrastructure, energy, and mobility sectors.

Narendran outlined Tata Steel’s initiatives to reduce emissions across different regions. These include transitioning to scrap-based steel production in the UK, exploring hydrogen-based technologies in the Netherlands, and piloting breakthrough innovations such as EASyMelt in India.

He also highlighted the importance of supportive government policies, the implementation of internal carbon pricing, and the adoption of a circular supply chain approach. According to Narendran, these measures are vital to accelerating the sustainable transformation of the steel industry.