Business Responsibility Report

(As per Clause 55 of the Listing Agreements entered with the Stock Exchanges)

Introduction

The value underpinning all business actions at Tata Steel is to excel and serve Common Good, ensuring that all its excellence programmes integrate economic, environmental and social performance drivers.

The Company's focus remains steadfast on the efficient deployment and utilisation of resources - people, processes and materials - for the production of eco-efficient, safe products, whilst its operations and presence lead to an improvement in the quality of life of the communities it serves. An enduring legacy of sustainability, this focus is articulated in the two components of its Vision - Value Creation and Corporate Citizenship.

The Tata Steel Group operates in a large number of geographies across the world. Therefore, sustainability initiatives and programmes are implemented across a number of locations according to the specific needs of diverse groups.

Section A: General Information about the Company

  1. Corporate Identity Number (CIN): L27100MH1907PLC000260
  2. Name of the Company: Tata Steel Limited
  3. Registered Address: Bombay House, 24 Homi Mody Street, Fort, Mumbai-400 001
  4. Website: www.tatasteel.com
  5. E-mail id: sustainability@tatasteel.com
  6. Financial Year reported: 2013-14
  7. Sector(s) that the Company is engaged in (industrial activity code-wise)

    Manufacturer of Steel and Steel products
    National Industrial Classification (NIC) Code: 330

  8. Three key products/services manufactured (as in balance sheet):

    (i) Hot Rolled Coils; (ii) Cold Rolled Coils; (iii) Wire Rods and Rebars; and (iv) Galvanised Coils

  9. Total number of locations where business activity is undertaken:
    1. Number of International Locations (5 major):
      Tata Steel Limited's (TSL) International subsidiaries have production capacities, located largely in Europe and Asia Pacific. Majority of the steel business activity of Tata Steel Europe is at Port Talbot (UK), Scunthorpe (UK), Rotherham (UK), IJmuiden (Netherlands) while that of NatSteel is in Singapore.
    2. Number of national locations:
      TSL's Indian operations are mainly carried out from Jamshedpur in Jharkhand with manufacturing divisions in Kharagpur (West Bengal), Joda & Bamnipal (Odisha) and Tarapur (Maharashtra). Mines, Collieries & Quarries are located in the states of Jharkhand, Odisha and Karnataka.
  10. Markets served by the Company:

    The main markets for TSL's products are Europe and India with some sales in other markets of Asia and North America.

Section B: Financial Details of the Company

  1. Paid up Capital (Rs.): 971 crores
  2. Total Turnover (Rs.): 41,711 crores
  3. Total profit after taxes (Rs.): 6,412 crores
  4. Total spending on Corporate Social Responsibility (CSR) as percentage of PAT: Rs. 212 crores which is 3.31% of the PAT
  5. List of activities in which expenditure in 4 above has been incurred:
    1. Infrastructure Development to improve the quality of life of the community
    2. Community Development
    3. Health & Medical support
    4. Support to charities, NGOs and Government for social causes

Section C: Other Details

  1. Does the Company have any Subsidiary Company/Companies?

    Yes. TSL has 304 subsidiary companies located at India and other countries as on 31st March, 2014.

  2. Do the Subsidiary Company/Companies participate in the BR initiatives of the parent company? If yes, then indicate the number of such subsidiary company(s).

    Each subsidiary company located at India has its own CSR activities in its respective area of operations.

  3. Do any other entity/entities (e.g. suppliers, distributors etc.) that the Company does business with participate in the BR initiatives of the Company? If yes, then indicate the percentage of such entity/entities? [>30%, 30-60%, <60%]

    Tata Steel supports and encourages standalone/independent activities by other entities with the exception of its wholly owned subsidiary Jamshedpur Utilities & Services Company Limited (JUSCO). Some of the entities in the value chain including suppliers and channel partners participate in its BR initiatives but the percentage of such entities is less than 30%.

Section D: BR Information

    1. Details of Director/Directors responsible for BR implementation of the BR policy/policies
      1. Name: Mr. T V Narendran
      2. DIN Number: 03083605
      3. Designation: Managing Director, India and South-East Asia
      4. Telephone Number: 0657 2645625, 0657 2424602
      5. Email id: sustainability@tatasteel.com
    2. Details of BR head
      1. Name: Mr. Shubhenjit Chaudhuri
      2. Designation: Chief Corporate Sustainability
      3. Telephone Number: 0657 2645117
      4. Email id: chief.sustainab@tatasteel.com
  2. Principle-wise (as per NVGs) BR Policy/policies (Reply in Y/N)

    The National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business released by the Ministry of Corporate Affairs has adopted nine areas of Business Responsibility. These are as follows:

P1 Business should conduct and govern themselves with Ethics, Transparency and Accountability
P2 Businesses should provide goods and services that are safe and contribute to sustainability throughout their life cycle
P3 Businesses should promote the well-being of all employees
P4 Businesses should respect the interests of, and be responsive towards all stakeholders, especially those who are disadvantaged, vulnerable and marginalised
P5 Businesses should respect and promote human rights
P6 Business should respect, protect and make efforts to restore the environment
P7 Businesses, when engaged in influencing public and regulatory policy, should do so in a responsible manner
P8 Businesses should support inclusive growth and equitable development
P9 Businesses should engage with and provide value to their customers and consumers in a responsible manner

 

  Principle Wise Policies P1 P2 P3 P4 P5 P6 P7 P8 P9
1. Do you have a policy/policies for: Y Y Y Y Y Y Y Y Y
2. Has the policy being formulated in consultation with the relevant stakeholders? Y Y Y Y Y Y Y Y Y
3. Does the policy conform to any national/international standards? If yes, specify? (50 words) Y Y Y Y Y Y Y Y Y
The spirit and intent of the Tata Code of Conduct, all applicable national and international laws as well as international conventions are captured in the policies articulated by Tata Steel. Furthermore they reflect the purpose and intent of the United Nations Global Compact, the World Steel Sustainable Development Charter, GRI guidelines and international standards such as ISO 14001, OHSAS 18001 and Social Accountability 8000.
4. Has the policy being approved by the Board?
Is yes, has it been signed by MD/owner/CEO/ appropriate Board Director?		 Y Y Y Y Y Y Y Y Y
5. Does the company have a specified committee of the Board/Director/Official to oversee the
implementation of the policy?		 Y Y Y Y Y Y Y Y Y
6. Indicate the link for the policy to be viewed online? http://www.tatasteelindia.com/corporate/policies.asp
http://www.tatasteelindia.com/corporate/ethics/businessethics.asp
7. Has the policy been formally communicated to all
relevant internal and external stakeholders? 		Y Y Y Y Y Y Y Y Y
8. Does the company have in-house structure to implement the policy/policies. Y Y Y Y Y Y Y Y Y
9. Does the Company have a grievance redressal mechanism related to the policy/policies to address stakeholders' grievances related to the policy/policies? Y Y Y Y Y Y Y Y Y
10. Has the company carried out independent audit/evaluation of the working of this policy by an internal or external agency? Y Y Y Y Y Y Y Y Y