Tata Steel Limited and Tata Steel Europe recognised by worldsteel as 2019 Steel Sustainability Champions
~ Receives the global recognition for the third year in a row ~
Tata Steel Limited and Tata Steel Europe have been recognised as 2019 Steel Sustainability Champions by the World Steel Association for the third consecutive year. This coveted recognition acknowledges Tata Steel’s efforts at maintaining its leadership as a world-class steel producer that is fully committed to the principles of sustainability. The World Steel Association has recognised nine companies as Steel Sustainability Champions for their work in 2019. Now in its third year, the Steel Sustainability Champions Programme commends those steel companies that are most clearly demonstrating their commitment to sustainable development.
Sanjiv Paul, Vice President (Safety, Health & Sustainability), Tata Steel, said: “We are honoured to be recognised by worldsteel as a Sustainability Champion for the third year in a row. Tata Steel’s commitment to maintaining its leadership in the global steel industry fully acknowledges the long-term value of adhering to its time-tested sustainability model. Such invaluable recognitions further strengthen our resolve to raise the bar in the coming years.”
The winning entries for the Sustainability Champions recognition are evaluated basis the data provided on sustainability indicators like material efficiency, environmental management systems, lost time injury frequency rate, employee training, investment in new processes and products, economic value distributed. In addition, the companies provide Life Cycle Inventory (LCI) data to worldsteel’s data collection programme that covers more than 50% of the company’s crude steel production data and is less than 5 years old. The companies also commit to sign the worldsteel Sustainable Development Charter.
According to worldsteel, the annual sustainability champion recognition programme encourages steel companies to increase their efforts, set higher standards, and make continued progress towards achieving sustainability goals. The programme is also an effective vehicle to demonstrate stronger commitment and proactive engagement of the industry to sustainable development.
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 (MnTPA). 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.
Chief, Corporate Communications-India & SEA