Tata Steel adjudged ‘Firm of the Year - Metals & Mining’ at the 6th CNBC-TV18 India Risk Management Awards
~ Recognised for the fourth time in the Metals & Mining category ~
~ Award recognises consistent efforts towards becoming a risk-intelligent organisation ~
Tata Steel has been declared winner for the fourth time (including three consecutive years) in the category ‘Best Risk Management Framework & Systems - Metals & Mining’ at the CNBC TV18 India Risk Management Awards (IRMA) held in Mumbai on February 6, 2020.
Samita Shah, Group Head, Corporate Finance & Risk Management, Tata Steel, received the award on behalf of the Company. Carmen M. Reinhart, Minos A. Zombanakis, Professor of the International Financial System at Harvard Kennedy School, presided over the awards function.
CNBC TV-18 IRMA awards recognise organisations and teams that have significantly added to the understanding and practice of Risk Management. Judged by an independent panel of experts for exceptional performance, the awards provide an opportunity for organisations and individuals to showcase their understanding and practice of Risk Management.
Tata Steel has rolled out the Enterprise Risk Management Process across the organization. Since its inception in 2013, the process has evolved with the development of detailed process framework and robust Governance structure. It has helped foster a risk-intelligent culture by creating platforms which enable timely cognizance of risks and help devise appropriate organizational response.
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..
To know more, visit www.tatasteel.com | Follow us on
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.
Chief, Corporate Communications-India & SEA