Tata Steel: Steel is part of the problem, but also part of the solution

In a recent in-depth interview with McKinsey, T. V. Narendran, CEO and Managing Director of Tata Steel, highlighted the steel sector’s dual role in the global decarbonisation journey.

Acknowledging that steel production contributes around 8% of global CO₂ emissions, Narendran emphasized that no green transition is possible without steel, given its centrality in infrastructure, energy, and mobility.

He detailed Tata Steel’s strategic efforts to reduce emissions across geographies—from transitioning to scrap-based steel in the UK, exploring hydrogen solutions in the Netherlands, to piloting breakthrough technologies like EASyMelt in India. He also stressed the need for supportive policies, internal carbon pricing, and a circular supply chain mindset to accelerate sustainable transformation.

‘Steel is part of the problem but is also part of the solution:’ A conversation with Tata Steel’s T. V. Narendran

Decarbonizing logistics: charting the path ahead

Companies need to reduce their logistics emissions to meet decarbonization targets, but a new McKinsey survey finds that few companies have clear plans to do so. What is the best path forward?

As global organizations chart a path to net zero, many are looking to the next frontier of emissions reduction: “Scope 3” emissions. These emissions are not directly produced by a company’s operations, but embedded in its supply chain. They account for the vast majority of companies’ emissions, and a significant portion are generated from supply chain and logistics activities—in particular, from the combination of road and ocean freight.In total, logistics emissions from freight and warehousing account for at least 7 percent of global greenhouse gas (GHG) emissions. Any successful path to net zero will thus need to address them as part of a company’s holistic environmental, social, and governance (ESG) strategy.