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Today, the Tata Steel Group comprises entities in the Netherlands, the UK, in several countries in South East Asia and in India. With a combined output of about 27 million tonnes, we are the sixth largest Steel Company in the world. We have some raw material ownership, mostly in India; we have a culture of continuous improvement that is embedded in our 80,000 strong employee force; we have significant geographic presence in some 45 countries around the world; we have strong brands; our group is respected all over the world for its governance, ethical practices and for corporate social responsibility.
All these are good foundations to further raise our level of aspirations and our ambitions. We have set for ourselves an aspirational Vision in terms of Value Creation and of Corporate Citizenship. We have set Goals for 2012 to increase our Return On Invested Capital to 32% from the present level of 16%, to reduce the Loss Time Injury Frequency rate to 0.4, to reduce CO2 emission to 1.5 tonnes per tonne of liquid steel and to become the employer of choice.
This is a unique Vision and a unique set of Goals in the Global Steel Industry. We must pursue our vision and realise our goals with fanatical zeal, with indomitable spirit and relentless perseverance. This will call for all of us working together, with team spirit, with willingness to change, with transparency,
openness, taking risks with a backup of knowledge, clean sheet thinking in many areas and leadership that will enthuse, energise and empower people. I have great confidence that we have the people, the calibre and the lineage to make the Tata Steel Group the very best Steel Company in the world.
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