Tata Steel declared global industry leader in the steel sector by Dow Jones Sustainability Index
Tata Steel has been declared as the global industry leader in the steel sector by the Dow Jones Sustainability Index (DJSI) assessment for the year 2016. This year, more than 20 global steel majors participated in the DJSI assessment.
Tata Steel scored 81 per cent in the assessment, an improvement from last year’s score of 80 per cent. Tata Steel has been providing disclosures under the aegis of DJSI for the last three years. It moved from Bronze in the first year to Silver last year and has emerged as Industry Leader, Gold category, this year.
The DJSI assessment was created by the investor community in the year 1999 to evaluate large companies based on economic, environmental and social criteria. It is one of the most widely regarded benchmarks on Corporate Sustainability Leadership. The assessment comprises an annual analysis of the sustainability performance of more than 2,000 companies. Investors across the globe are increasingly seeking DJSI scores of companies before making their investment decisions.
The DJSI ratings are done on the basis of geographies and also on sectoral basis. Tata Steel figures in the Emerging Markets Index as well as in the Steel Sector Index. Out of a total of 23 criterion, Tata Steel achieved 100 percentile in seven criterion – Customer Relationship Management, Suply Chain Management, Materiality, Payment Transparency, Operational Eco-efficiency, Social Reporting and Talent Attraction & Retention.
Tata Steel has always focussed on sustainable business practices and all operational and business decisions are taken from a sustainability perspective.
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, commercial presence in over 50 countries and a strong employee base of 76000 employees. 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, its innovative 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 is globally acknowledged for excelling in different aspects of its operations. 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.
Chief, Corporate Communications, India & SEA