MK Steel Manufacturing Ltd. is a listed company among the top 1000 entities in India, leading in steel production and related products. The company…

In the given case, MK Steel Manufacturing Ltd. is involved in large-scale steel production, which results in substantial waste generation, high energy consumption, and increased carbon emissions. Therefore, the most relevant BRSR principle applicable to the company is Principle 6 – Protection and Restoration of Environment. This principle looks at the environmental responsibility as a basic requirement for the economic prosperity and sustainability. The core elements associated with this principle are: (i) The entities should have policies, procedures, and practices in place to assess and rectify impacts to the environment. This should cover the whole life cycle of the product. (ii) The entities have to make use of natural and manmade resources in an optimum manner to ensure their sustainability by taking feedback from the stakeholders. (iii) The entities have to measure their performance relating to the prevention of pollution, destruction of forests, waste generation, energy use, land use, etc. (iv) The entities have to contribute towards climate change resilience in line with India's commitment to various international mechanisms such as, Paris Agreement and National Action Plans for Climate Change. (v) The entities should explore the comparison of its activities with industry best practices to reduce, reuse and recycle/ recover materials, resources. (vi) The companies have to look out for avenues by which they can improve their performance towards various environmental responsibilities.