CII-ITC Sustainability Prize 2012 for Tata Steel
~Tata Steel recognized for its exemplary performance in economic, social and environmental facets of Indian business in the Large Independent Company category~
Tata Steel was awarded the 'CII-ITC Sustainability Prize' in the 'Category A' for Large Independent Company at the CII-ITC Sustainability Awards 2012. The award ceremony was held today at the Vigyan Bhawan, New Delhi in the august presence of dignitaries and representatives from the Government of India and leaders of the corporate world.
Mr Chanakya Choudhary, Chief Resident Executive- New Delhi, Tata Steel received the prize from The Hon'ble President of India, Shri Pranab Mukherjee.
On receiving the Prize Mr H M Nerurkar, MD Tata Steel said, "We feel honoured to be recognized for our corporate leadership in social responsibility and sustainable development initiatives. Tata Steel has built a legacy of achieving business success through responsible social, environmental and economic practices that help build inclusive societies." He extended his heartfelt thanks to CII-ITC for acknowledging Tata Steel's efforts.
Tata Steel has been awarded the Sustainability Prize (in the 'Category A' for Large Independent Company- for companies with turnover of above 500 Crores) earlier in the years of 2006, 2007, 2008 and 2011. The award this year makes it the 5th time for the steel maker since 2006 and for two years in succession, underlining Tata Steel's ethos built on a commitment for values beyond steel.
The annual CII-ITC Sustainability Awards are given to encourage and recognize Indian corporates who embed sustainability and, thereby, champion the cause of inter-generational parity. The awards are conferred to Indian businesses that demonstrate excellent performance in the area of Sustainable Development.
Tata Steel's achievements in the field of CSR have been recognised by the industry on various occasions. Recently the Company received the CSR Excellence Award 2012 by ASSOCHAM the Businessworld-FICCI-SEDF Corporate Social Responsibility Award 2009; the Best Corporate Social Responsibility Practice Award at the 6th Social and Corporate Governance Awards 2010 by the Bombay Stock Exchange, CNBC Asia's Corporate Social Responsibility Award at CNBC-TV 18 India Business Leader Awards (IBLA) and the Corporate Social Responsibility award at the 7th edition of NDTV Profit Business Leadership Awards, 2012.
In addition to this, Tata Steel has been recognized with other prestigious awards like Safety and Health Excellence Recognition Award 2010 by the World Steel Association, Winner in 'Corporate Social Responsibility' at the Procurement Leaders Forum- 2011, UK and honoured with the 'Rashtriya Khel Protsahan Puruskar' from the Government of India for the second consecutive year in 2010. It has also been rated amongst the most Ethical companies of the world by the Ethisphere Institute of USA in 2011.
About Tata Steel:
Established in 1907 as Asia's first integrated private sector steel company, Tata Steel Group is among the leading steel manufacturers in the world with an annual crude steel capacity of over 26.5 million tonnes per annum (mtpa). It is now the world's second-most geographically-diversified steel producer, with operations in 26 countries and a commercial presence in over 50 countries. The Tata Steel Group, with a turnover of US$ 26.13 billion in FY '12, has over 80,000 employees across five continents and is a Fortune 500 company. The Group's vision is to be the world's steel industry benchmark in "Value Creation" and "Corporate Citizenship" through the excellence of its people, its innovative approach and overall conduct. In 2008, Tata Steel India became the first integrated steel plant in the world, outside Japan, to be awarded the Deming Application Prize 2008 for excellence in Total Quality Management. In 2012, Tata Steel became the first integrated steel company in the world to win the Deming Grand Prize 2012 instituted by the Japanese Union of Scientists and Engineers.