Tata Steel recognised as worldsteel’s Climate Action Member
The leading steel producer has been participating in this global programme for more than a decade
Tata Steel Limited has been recognised by the global steel body - World Steel Association (worldsteel) for participation in the CO2 emissions data collection programme 2018-19. Tata Steel has been contributing to the CO2 data collection programme for the last 11 consecutive years.
Mr. T. V. Narendran, CEO & MD, Tata Steel, received the certificate from Director General at the recently concluded worldsteel Board meetings held at Monterrey, Mexico in Oct 2019.
worldsteel’s programmes to enhance Carbon Efficiency
Climate Action programme
The worldsteel Climate Action programme was launched in 2008 and recognises steel producers for participation in the worldsteel CO2 emissions data collection programme. The aim of the climate action project is to collect and report CO2 emissions data on a site-by-site basis to give an overall emission intensity for the production of steel at that site, irrespective of the final products that are being made.
The data collection programme is at the core of the steel industry's global steel sectoral approach to climate change. The program enables participants to benchmark their performance for similar processes and identify opportunities for improvements.
For more details:
- Visit worldsteel website: https://www.worldsteel.org/steel-by-topic/environment-climate-change/climate-change.html
- List of members are available at: https://www.worldsteel.org/steel-by-topic/environment-climate-change/climate-change/Members.html
Tata Steel is committed to playing a constructive role in addressing climate change - by enhancing its carbon efficiency and enabling reduction of carbon footprint of its customers by creating high performance steels that lead to fuel-efficient vehicles and resource-efficient buildings.
Tata Steel is ranked amongst top four companies globally in the list of steel companies considering readiness for the low carbon transition and is amongst leading steel companies, globally, on Climate and Water Disclosures (CDP, 2012-2019). Tata Steel is Climate Action member and is participating in Step-Up programme of worldsteel. Tata Steel has been recognised as a leader in the Dow Jones Sustainability Indices (DJSI 2016-2019).
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. It is one of the world's most geographically-diversified steel producers, with operations and commercial presence across the world. The group (excluding SEA operations) recorded a consolidated turnover of US $22.67 billion in the financial year ending March 31, 2019. In 2018, Tata Steel acquired Bhushan Steel Ltd (now renamed as Tata Steel BSL Ltd).
A Great Place to Work-Certified 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 ‘Global Steel Industry Leader’ position in the DJSI 2018. 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 Lighthouse recognition for its Kalinganagar Plant – a first in India, Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17, ‘GreenPro’ certification for products (Tata Pravesh Steel Doors, Tata Structura, Tata Pipes) by CII, Authorized Economic Operator (AEO) status (Tier 2) by the Directorate of International Customs (Ministry of Finance, Govt. of India), ‘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 Champion (2018) by the World Steel Association, Dun & Bradstreet Corporate Awards (2019), 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.
Last year, the Company launched a corporate brand campaign #WeAlsoMakeTomorrow.
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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.