Tata Steel's Jamshedpur unit won the platinum rating for sustainable practices

Tata Steel has always been committed to the Tata Value of “Responsibility” and has been a trendsetter in the country in creating sustainable values for all its stakeholders. The underlying belief has always been to go beyond compliance and regulatory requirements in caring for people and the planet. In line with its vision and commitment to improve and protect environment performance as an integral way of doing business, Tata Steel has become India’s first steel manufacturing company to receive Greenco platinum rating by CII Green Building Council (GBC).

This recognition is testimony to the perseverance of Tata Steel employees and of the aspirational leadership which ensured actions for improvements resulting in getting a Platinum Rating in the first assessment. This makes Tata Steel the first integrated steel plant in the country and the first company in the Tata Group to receive Platinum Greenco rating. In addition, among the ten assessment criteria, Tata Steel has received the highest scores in eight criteria (Energy Efficiency, Water Conservation, GHG, Material Conservation, Green Supply Chain, Product Stewardship and LCA) as compared to the other Greenco rated companies.

Speaking on the achievement, Mr. T.V. Narendran, MD, Tata Steel India & South East Asia, “Greenco Rating from CII Green Building Council is a testimony towards our efforts in building an energy efficient green environment for Tata Steel Group. We believe that our vision of making steel and building sustainable communities is a major foundation of a sustainable world that can be achieved through resource efficiency and reduction of the environmental impact over the lifecycle of the products. Having achieved this leadership position in Greenco, Tata Steel realizes its responsibility to seek further daunting targets in its journey of Sustainable Business Development.”

Launched in 2012, CII's GBC conducts assessments and certification of companies on their environment friendliness and sustainability initiatives. Tata Steel started its journey for the Greenco Rating assessment in 2015 by forming a cross functional core team of Greenco champions. The core team with guidance from senior management worked for almost a year to identify gaps and implement actions in line with the Greenco requirements. The final assessment was carried out between 6th and 8th of December, 2016 by CII-IGBC. A number of innovations undertaken inside the Steel Works were showcased during the assessment such as setting up of pilot plant for extracting energy from waste using Plasma gasification technology, lab stage trials for conversion of internally generated by product gases to methane which will eliminate procurement of Propane gas.

CII- IGBC Center launched the Greenco rating system as a holistic tool to evaluate the performance of the companies in terms of their ecological impact, both for manufacturing and service sectors. The rating system covers the various aspects of environmental performance such as GHG emissions, Energy Efficiency, Green Supply Chain, Product Stewardship, Water Conservation, Renewable Energy, Waste Management, Life Cycle Assessment (LCA) and Material Conservation. The criteria also focus on the innovation and improvement projects that the company has undertaken for improvement of ecological impacts of their entire value chain. The total score in the rating is 1000, distributed across the various criteria. The scores in the 650-749 (Gold) band indicate national best performance and > 750(Platinum) indicate world class performance.

About Tata Steel

Tata Steel Group stands among the top global steel companies with an annual crude steel capacity of 28 million tonnes per annum (MnTPA) and a turnover of US $17.69 billion in FY16. It is the world's second-most geographically-diversified steel producer, with operations in 26 countries and commercial presence in over 50 countries. Established in 1907, the Group’s vision is to be the world steel industry benchmark in “Value Creation” and “Corporate Citizenship” through the excellence of its people, approach and overall conduct. Underpinning this vision is a performance culture committed to aspiration targets, safety and social responsibility, continuous improvement, openness and transparency. Having bagged the Deming Application Prize and Deming Grand Prize for continuous improvement in 2008 and 2012 respectively, Tata Steel has now been recognised as the global ‘Industry Leader’ in ‘Steel category’ by Dow Jones Sustainability Index. Besides being one of ‘worldsteel’s’ Climate Action members, it has also been awarded the CII ITC Sustainability Prize, the ‘Best-in-class Manufacturing’ by TIME Award, the Prime Minister’s Trophy for the best performing integrated steel plant, among several others.

Disclaimer

Statements in this press release describing the Company’s performance may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company’s operations include, among others, economic conditions affecting demand/ supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/ or other incidental factors.