Tata Steel the only Indian Company has been ranked thirty-fourth in the World's Most Respected Companies Survey 2003 for Corporate Social Responsibility. Tata Steel is also declared as the third Most Respected Indian Companies jointly with HLL and TELCO, others being , Infosys in the first position, RIL in the second position and Ranbaxy in the sixth position. The survey was conducted jointly by PwC and Financial Times. This survey is the sixth annual global survey of corporate reputation.

For Tata Steel social responsibility is not only a commitment, but also one of its core business processes. As part of its corporate social responsibility Tata Steel has taken up several initiatives not only in Jamshedpur but also in its peripheries. For its efforts in these areas, Tata Steel has already been conferred the prestigious Global Business Coalition Award (GBC) in 2003 for Business Excellence in the Community in 2003. it was also selected as one of the cities in the U N Global Compact Cities Pilot Programme.
This year's Worlds Most Respected Companies survey was conducted against a background of continuing economic uncertainty and geo-political volatility which made 2003 a challenging period for business of all types. The research draws on the views of more than 1,000 CEOs across 20 countries and selected a Cross-Section of Fund Managers, Non-Government Organisations (NGO) and Media Communicators. The aim of the survey is to show which companies are truly setting the pace in building reputational capital. The methodology of the survey allows for an in-depth and credible look at the opinions of global CEOs and other relevant stakeholders. It also provides the ability to track changes in position for companies over time as well as the reasons behind why they are being nominated.

The core of the survey remains consistent over time, identifying those companies and business leaders globally that are most respected by their peers and the reasons for those choices. In addition, to reflect the increasingly competitive environment and hence reputation required for companies to succeed, surveyors have identified companies which are seen to excel in areas such as Corporate Governance and Social Responsibility.

The participants in the survey were from large subsidiaries and private companies as well as public-quoted organisation from all over the world. The top six ranker includes Microsoft, Toyota, General Electrics, IBM, BP, Honda respectively.