“The wealth gathered by Jamsetji and his
sons in half a century of industrial pioneering
formed but a minute fraction of the amount by
which they enriched the nation. The whole of
that wealth is held in trust for the people and
used exclusively for their benefit. The cycle is
thus completed; what came from the people has
gone back to the people many times over.” |
| – JRD Tata |
The leadership at Tata Steel believes that is not just
about the creation of wealth, it is about the creation
of a better world for tomorrow.
In 1970, Tata Steel formally incorporated its
commitment to stakeholder concerns, including
those of the nation and environment in its Articles
of Association. In 1980, much before the emergence
of any global framework for reporting or voluntary
disclosures on its operations to address stakeholder
concerns, Tata Steel invited an independent panel
to undertake a social audit. The first Social Audit was
conducted in 1981 – a first in India.
Regarded globally as a benchmark in Corporate
Social Responsibility, Tata Steel’s commitment to its
employees and the community remains the bedrock
of continued sustainability. Its mammoth social
outreach programme covers the city of Jamshedpur
and over 600 villages in and around its manufacturing
and raw materials operations through initiatives in
the areas of income generation, health and medical
care, education, sports, etc.
Tata Steel is a founder member of the United Nations’
Global Compact and Jamshedpur has been chosen
to participate in the UN Global Compact Cities Pilot
Programme.
Jamsetji Tata’s vision lives on. Its impact can be felt
even beyond the tree-lined streets of Jamshedpur,
the hi-tech plants of the ‘green’ steel works, the
happy and prosperous community and work force…
each a living testimony to Tata Steel’s corporate
sustainability initiatives.
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