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Tata Steel Limited recognised as 2018 Steel Sustainability Champion

Mumbai, April 17, 2019

~ Recognised as Steel Sustainability Champion for the second consecutive year by World Steel Association ~

~ Recognised as Steel Sustainability Champion for the second consecutive year by World Steel Association ~

Tata Steel Limited has been named as 2018 Steel Sustainability Champion by World Steel Association (worldsteel). This is the second year in a row that Tata Steel Limited along with Tata Steel Europe has been recognised by worldsteel as leaders in sustainability initiatives among global steel producers

Tata Steel Limited and Tata Steel Europe are among the six steel producing companies that have been named as Steel Sustainability Champions for 2018 at the worldsteel board meeting in Madrid, Spain on April 16, 2019.

Mr. Sanjiv Paul, Vice President, Safety, Health & Sustainability, Tata Steel said, “We are delighted and motivated in equal measure to be recognised as a Steel Sustainability Champion by worldsteel for the second year in a row. Tata Steel’s commitment and approach to making steel production sustainable is one of the most comprehensive ones among global steel producers. Our approach to sustainability and the results it produces stands testimony to that. As the oldest steel producer in India, we remain steadfastly committed to live up to the status of a sustainability champion.

The steel sustainability champions initiative 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.

Tata Steel champions its sustainability initiatives with a six-pillar approach that includes Environmental Excellence, Community Care, Health and Safety, HR Practices, Sustainable Mining, Innovation and Sports.

The winning entries for the Steel Sustainability Champions recognition are evaluated based on six sustainability indicators: material efficiency, environmental management systems, lost time injury frequency rate, employee training, investment in new processes and products, and economic value distributed.

Tata Steel is a signatory to the worldsteel sustainability charter, which is a prerequisite condition to be recognised as Sustainability Champion.

About worldsteel
The World Steel Association (worldsteel) is one of the largest and most dynamic industry associations in the world, with members in every major steel-producing country. worldsteel represents steel producers, national and regional steel industry associations, and steel research institutes. Members represent around 85% of global steel production.

About Tata Steel
Tata Steel Group is among the top global steel companies with an annual crude steel capacity of 33 million tonnes per annum (MTPA). It is one of the world's most geographically-diversified steel producers, with operations and commercial presence across the world. The Group recorded a consolidated turnover of US $20.41 billion (INR 133,016 crore) in FY18. In 2018, Tata Steel acquired Bhushan Steel Ltd (now renamed as Tata Steel BSL Ltd). Currently, Tata Steel's consolidated India crude steel production capacity stands at 18.6 MnTPA.

A Great Place to Work-CertifiedTM organisation, Tata Steel Ltd., together with its subsidiaries, associates and joint ventures, is spread across five continents with an employee base of over 65,000.

Tata Steel retained the Industry Leader position in FY18 and ranked second overall in the DJSI assessment, 2017. The Company has been recognised as the Climate Disclosure Leader in ‘Steel category’ by CDP (2017). Besides being a member of the World Steel Climate Action Programme, Tata Steel has won several awards including the Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17, ‘Corporate Strategy Award’ by Mint (2018), Golden Peacock Award for Risk Management (2018) and Best Risk Management Framework & Systems Award (2019) by CNBC TV18. The Company also received the ‘Most Ethical Company’ award from Ethisphere Institute for the eight time (2019), Steel Sustainability Champions (2017) by the World Steel Association, Dun & Bradstreet Corporate Awards (2018), Golden Peacock HR Excellence Award by Institute of Directors (2018), ‘Best Companies To Work For’ recognition by Business Today, 'Asia's Best Integrated Report' award by the Asia Sustainability Reporting Awards (2017), among several others.

In 2018, the Company launched a corporate brand campaign #WeAlsoMakeTomorrow www.wealsomaketomorrow.com

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Disclaimer
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.