Tata Steel Limited named among 2017 Steel Sustainability Champions
~ The World Steel Association (worldsteel) announces the 2017 Steel Sustainability Champions ~
~ Tata Steel Limited and Tata Steel Europe both named Champions for 2017 ~
Tata Steel Limited has been named as one of Steel Sustainability Champions for year 2017 by the World Steel Association, one of the largest industry associations in the world.
Tata Steel Ltd. and Tata Steel Europe are among the six steel producing companies that have been named as Steel Sustainability Champions for 2017 at the World Steel Association’s board meeting in Mumbai.
The newly launched programme aims to recognise steel companies who are leading the way in creating a truly sustainable steel industry and society, clearly demonstrating their commitment to sustainable development and the circular economy, and making measurable and tangible impacts in their activities. It aims to encourage steel companies to increase their efforts, set higher standards and make further progress in their sustainability programmes and business practices.
Edwin Basson, Director General of worldsteel said, “As producers of steel, we know that a sustainable steel industry is crucial for the long-term health of our economy, our society and our planet. And every steel company has a responsibility to help achieve this. Many members of worldsteel have already demonstrated their commitment to sustainable development and made extensive efforts in their sustainability programmes. As an industry, we have made progress. But we need to do more and go further.
Sustainability is a core business requirement, vital to a company’s continuing license to operate. An ethically and socially responsible approach can act as a competitive advantage for forward-thinking steel companies."
The World Steel Association (worldsteel) is one of the largest and most dynamic industry associations in the world. worldsteel members represent approximately 85% of the world's steel production, including over 160 steel producers with 9 of the 10 largest steel companies, national and regional steel industry associations, and steel research institutes.
To know more about:
- Tata Steel Limited sustainability initiatives, visit http://www.tatasteel.com/sustainability/#spotlight
- Tata Steel Europe sustainability initiatives, visit https://www.tatasteeleurope.com/en/sustainability
About Tata Steel
Tata Steel Group is among the top global steel companies with an annual crude steel capacity of 27.5 million tonnes per annum (MTPA) as on March 31, 2017. It is the world's second-most geographically-diversified steel producer, with operations in 26 countries and a commercial presence in over 50 countries. The Group recorded a consolidated turnover of US $18.12 billion (INR 117,420 crore) in FY17. Tata Steel Group is spread across five continents with an employee base of nearly 70,000. Having bagged the Deming Application Prize and Deming Grand Prize for continuous improvement in 2008 and 2012 respectively, Tata Steel has now been recognised as the global ‘Industry Leader’ in ‘Steel category’ by Dow Jones Sustainability Index (2015). Besides being a member of the World Steel Climate Action Programme, Tata Steel has also been felicitated with several awards including the Prime Minister’s Trophy for the best performing integrated steel plant for 2013-14 (received in 2017), Best Risk Management by CNBC TV18 (2016), ‘Best-in-class Manufacturing’ award from TIME India (2016) and the ‘Most Ethical Company’ award from the Ethisphere Institute (2016), IIM Sustainability Award (2015), among several others.
Statements in this press release describing the Company’s performance may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company’s operations include, among others, economic conditions affecting demand/ supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/ or other incidental factors.