Tata Steel wins the Dun & Bradstreet Corporate Award 2021 for Best Sectoral Performance in the Iron & Steel category
~ Tata Steel awarded amongst India’s Top 500 companies of 2021 who are laying the foundations for an ESG-Ready Corporate India ~
Tata Steel has been honoured with Dun & Bradstreet corporate award 2021 for ‘Best Sectoral Performance in Iron & Steel category. In a virtual event organised today, Dun & Bradstreet announced the 2021 edition of ‘India’s Top 500 Companies’. The theme for this year’s awards was ‘Laying the Foundations for an ESG-Ready Corporate India’ which formed the basis of evaluation for this edition.
For more than two decades, Dun & Bradstreet has been compiling an annual list of India’s Top 500 Companies. These Top 500 Companies have grown faster than the Indian economy over the past 20 years, and contribute to nearly 20% of India’s GDP, 30% of India’s exports and almost 33% of India’s tax revenues.
Chanakya Chaudhary, Vice President, Corporate Services, Tata Steel, said: “This recognition is special for Tata Steel and we are proud to be winning this consistently. As a global steel maker, we have managed to navigate some very challenging times while we continue to show leadership in financial performance and community care. This award is an outcome of the hard work put in by each and every one at Tata Steel. We thank Dun & Bradstreet team for honouring us with this award, which motivates us to keep pushing the benchmarks of excellence even further.”
Tata Steel has been constantly engaging with ESG rating agencies for improving disclosure practices. The Company intends to identify key ESG risks in supply chain and collaborate with partners for risk mitigation and integrate ESG performance of supply chain partners in procurement decision-making.
As a responsible corporate citizen, Tata Steel recognises its responsibility towards people, communities, environment, and the planet and continues to work on its strategic priorities towards creating long-term sustainable value for all its stakeholders.
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 $21.1 billion in the financial year ending March 31, 2021.
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 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, Best Risk Management Framework & Systems Award (2020) by CNBC TV-18, and Award for Excellence in Financial Reporting FY20 by ICAI, 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.
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