Tata Steel’s Jamshedpur Steel Plant becomes India’s first to achieve ResponsibleSteel Certification
~ The Company receives ResponsibleSteel Certification for three facilities in Jamshedpur ~
~ ResponsibleSteel is a global multi-stakeholder standard and certification programme for steel producers ~
Tata Steel today placed India on the global decarbonisation and sustainability map with three of its production facilities in Jamshedpur receiving the coveted ResponsibleSteel Certification. The Company’s Steel Works, Tubes Division and Cold Rolling Mill (Bara) in Jamshedpur have joined an exclusive group of steel producing sites around the world to receive the ResponsibleSteel Certification, which also includes some of the other renowned steel manufacturers in the world.
ResponsibleSteel is the steel industry’s first global multi-stakeholder standard and certification initiative that works with steel producers, consumers, and intermediaries towards building a sustainable steel industry by addressing pressing challenges including climate change, diversity, human rights and more.
T. V. Narendran, CEO & MD, Tata Steel, said: “This is a historic moment for Tata Steel and an important step in our sustainability journey. Globally, the steel industry is at a critical juncture and the larger impact of how we produce and consume steel needs to be addressed urgently. For Tata Steel, this has always been a very important part of our journey from when we first produced steel in Jamshedpur in 1912. We are honoured to receive the ResponsibleSteel Certification for three of our facilities and will work towards achieving this recognition for all our production sites. I thank the ResponsibleSteel team, the auditors, assurance panel and the team at Tata Steel for their efforts in making this possible.”
Annie Heaton, CEO, ResponsibleSteel, said: “We warmly congratulate Tata Steel on this incredible achievement. Tata has demonstrated vision, commitment, and investment and has worked incredibly hard to achieve ResponsibleSteel certification for its Jamshedpur site, the first Tata Steel site to be certified and the first ResponsibleSteel certification in India. It isn’t enough to only focus on reduced carbon emissions. Certified sites must also ensure that they are fully aligned with other sustainability objectives in the Standard, for example, ensuring good water stewardship, creating a healthy and safe workplace, safeguarding labour rights, and engaging with local communities and other stakeholders. This is a momentous achievement for Tata Steel, and everyone involved.”
Tata Steel has been a member of ResponsibleSteel since October 2020.
As a century-old Company, Tata Steel believes in the need for strong policies and governance framework to ensure growth and responsibility towards all its stakeholders go hand in hand. The Company has already announced its major sustainability objectives including Net Zero Carbon by 2045, Net Zero Water consumption by 2030, improving Ambient Air Quality and No Net loss in Biodiversity by 2030.
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 recorded a consolidated turnover of US $ 32.83 billion in the financial year ending March 31, 2022.
A Great Place to Work-CertifiedTM organisation, Tata Steel Limited, 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 10 steel companies in the DJSI Corporate Sustainability Assessment since 2016. Besides being a member of ResponsibleSteelTM, worldsteel’s Climate Action Programme and World Economic Forum’s Global Parity Alliance, Tata Steel has won several awards and recognitions including the World Economic Forum’s Global Lighthouse recognition for its Jamshedpur, Kalinganagar and IJmuiden Plants, 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, featured amongst CII Top 25 innovative Indian Companies in 2021 and top 10 sustainable organisations of India Hurun Research Institute in the 2021 Capri Global Capital Hurun India Impact 50, received Steel Sustainability Champion recognition from worldsteel for five years in a row, ‘Most Ethical Company’ award 2021 from Ethisphere Institute, RIMS India ERM Award of Distinction 2021, Masters of Risk - Metals & Mining Sector recognition at The India Risk Management Awards for the sixth consecutive year, and Award for Excellence in Financial Reporting FY20 from 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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