Tata Steel features amongst the top five companies in the steel industry in Dow Jones Sustainability Indices (DJSI) Corporate Sustainability Assessment 2020
~ Retains its position in the DJSI Emerging Markets (EM) Index for the 9th year in a row ~
Tata Steel has ranked amongst the top 5 steel companies in Dow Jones Sustainability Indices (DJSI) Corporate Sustainability Assessment 2020. The results of the Assessment were declared by S&P Global in the second week of November 2020. The Company has retained its position in the DJSI Emerging Markets (EM) Index for the 9th year in a row. Tata Steel is one of the 11 companies from India and one amongst only two steel companies from Emerging Markets that have made it to the EM Index (comprising 100 companies).
Sanjiv Paul, Vice President (Safety, Health & Sustainability), Tata Steel, said: “We are proud to be a part of DJSI Emerging Markets Index 2020. Our consistent performance over the years is testimony to the fact that sustainable business practices are core to Tata Steel’s vision and overall strategy. The Company’s business philosophy has always been underpinned by imbibing responsibility towards planet Earth in our operations, ensuring the health and safety of people at our workplaces, balancing economic prosperity and generating social benefits for the community. This recognition reaffirms our commitment to a sustainable tomorrow.”
Manjit Jus, Global Head of ESG Research and Data, S&P Global “We congratulate Tata Steel Limited for being included in the DJSI Emerging Markets. A DJSI distinction is a reflection of being a sustainability leader in your industry. With a record number of companies participating in the 2020 Corporate Sustainability Assessment and more stringent rules for inclusion this year, this sets your company apart and rewards your continued commitment to people and planet."
Tata Steel Limited has been participating in the Corporate Sustainability Assessment (CSA) since 2012 and has been a member of DJSI Emerging Markets Index for nine consecutive years.
The DJSI Corporate Sustainability Assessment (CSA) is an annual evaluation of companies’ sustainability practices since 1999. Each year over 7300 companies around the world are assessed on Economic/Governance, Environmental and Social dimensions focusing on criteria that are both industry-specific and financially material.
About Tata Steel
Tata Steel group is among the top global steel companies with an annual crude steel capacity of 34 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 $19.7 billion in the financial year ending March 31, 2020.
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 has been a part of the DJSI Emerging Markets Index since 2012 and has been consistently ranked amongst top 5 steel companies in the DJSI Corporate Sustainability Assessment since 2016. Besides being a member of ResponsibleSteelTM and worldsteel’s Climate Action Programme, Tata Steel has won several awards and recognitions including the World Economic Forum’s Global Lighthouse recognition for its Kalinganagar Plant - a first in India, and Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17. The Company, ranked as India’s most valuable Metals & Mining brand by Brand Finance, received the ‘Honourable Mention’ at the National CSR Awards 2019, Steel Sustainability Champion 2019 by worldsteel, CII Greenco Star Performer Award 2019, ‘Most Ethical Company’ award 2020 from Ethisphere Institute, and Best Risk Management Framework & Systems Award (2020) by CNBC TV-18, 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.
Chief, Corporate Communications-India & SEA