Risk Breakdown
Financial Exposure
Governance
Double Materiality
Supply Chain
Material Risks
ESG Targets & Commitments
| Topic | Target / Metric | Status |
|---|---|---|
| Life Cycle Assessment | LCA conducted for products | Achieved |
| Human Rights in Supply Chain | HR clauses in all contracts | Commitment |
AI Risk Summary
**Financial Risk Summary: Vardhman Special Steels Limited** Vardhman faces a critical compliance risk totaling ₹3–11 crore in estimated costs, driven by a maximal 10.0/10 compliance score across BRSR and potential India Carbon Credit Trading Scheme (CCTS) obligations—with penalties reaching ₹1,200–1,800/tonne CO2e if emission targets are missed. EU export exposure presents material downside: if the company exports steel to Europe, it faces €3–4 million annual CBAM liability per 50,000 tonnes, requiring 15–22% price reductions to maintain competitiveness against the backdrop of 24.4% YoY export volume decline in FY2024-25. Water and GHG intensity risks (both 5.0/10) signal operational inefficiencies that drive both carbon accounting liabilities under CCTS and water stress in a sector increasingly scrutinized under SEBI BRSR Core Expansion, with non-compliance risking enforcement action and delisting for top-tier listed entities. Immediate priorities: quantify
Source: Vardhman Special Steels Limited BRSR Filing, FY -. Derived from the company's own public disclosures. Not investment advice or a regulatory determination.