Tata Steel receives Safety and Health Excellence Recognition 2023 by World Steel Association for its real-time visualisation of risk movement

~ Process Safety Management in Tata Steel have matured over the years through adoption of various robotic & technological solutions ~

Tata Steel’s Real-time visualisation of risk movement under its recently implemented Process Safety Management has been recognised by World Steel Association with Safety and Health Excellence Recognition 2023.

worldsteel organises Safety and Health Excellence Recognition Programme annually among its member steel companies across the globe to identify and highlight the most innovative and impactful safety practices in the industry.

Tata Steel’s Process Safety Management focuses on eliminating incidents with the potential to result in multiple injuries/fatalities, as well as causing substantial economic, property and environmental damage, both within the steel manufacturing units and across surrounding communities. The Company has taken a pioneering approach to manage high consequence process safety risks through a well-defined framework of process safety and has been driving several initiatives. worldsteel has recognised Tata Steel’s innovative approach to real-time visualisation of risk movement that aims to provide real-time insights and alerts on the level of risk. This initiative displays the commitment of the Company towards its goal of ZERO Harm.

Rajiv Mangal, Vice President, Safety, Health & Sustainability, Tata Steel, , said: "As an industry leader, Tata Steel recognises the need to be proactive about the safety of both its employees and its assets that are vulnerable to risks. To achieve excellence in process safety management, we have been leveraging digital technology to induce timely maintenance of Process Safety Critical Equipment, leading to reductions in failure of critical equipment. Our Process Safety School of Excellence - a 3-tier capability development (learner, practitioner, expert) system, has also been developed to enhance process safety competency of employees, which we expect to extend to all locations. This will further strengthen the capabilities of our employees who have over the last decade or so built a world-class digital framework to ensure our plants, processes and people are ready for the steel manufacturing. We are delighted to be recognised by worldsteel for our efforts in this critical area of steel making.”

Under the recently implemented Process Safety Management protocol, all high-potential safety risk scenarios were identified by the Company by implementing a Process Safety Management framework that will prevent and mitigate high-potential scenarios. Tata Steel felt the need of tracking the health of the barriers on a real-time basis. Real-time visualisation uses modern technology and digitalisation tools to capture early failure indications in safety barriers present in hazardous processes.

About worldsteel

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. Its members represent around 85% of global steel production.

Disclaimer

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.

For queries and information

Sarvesh Kumar,

Chief Corporate Communications - Tata Steel,

E-mail : sarvesh.kumar@tatasteel.com

About Tata Steel

• Tata Steel group is among the top global steel companies with an annual crude steel capacity of 35 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$30.3 billion in the financial year ending March 31, 2023.
• A Great Place to Work-Certified^TM organisation, Tata Steel Limited, together with its subsidiaries, associates, and joint ventures, is spread across five continents with an employee base of over 77,000.
• Tata Steel has 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.
• The Company has been on a multi-year digital-enabled business transformation journey intending to be the leader in ‘Digital Steel making by 2025’. The Company has received the World Economic Forum’s Global Lighthouse recognition for its Jamshedpur, Kalinganagar and IJmuiden Plants.
• Tata Steel aspires to have 25% diverse workforce by 2025. The Company has been recognised with the World Economic Forum’s Global Diversity Equity & Inclusion Lighthouse 2023.
• The Company 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.
• Tata Steel’s Jamshedpur Plant is India’s first site to receive ResponsibleSteel^TM Certification.
• Received Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17, 2023 Steel Sustainability Champion recognition from worldsteel for six years in a row, 2022 ‘Supplier Engagement Leader’ recognition by CDP, Top performer in Iron and Steel sector in Dun & Bradstreet's India's top 500 companies 2022, No. 1 brand in India in the Mining and Metals industry in Top 100 brand rankings for 2023 by Brand Finance, and ‘Most Ethical Company’ award 2021 from Ethisphere Institute.
• Received 2022 ERM Global Award of Distinction, ‘Masters of Risk’ - Metals & Mining Sector recognition at The India Risk Management Awards for the seventh consecutive year, and Award for Excellence in Financial Reporting FY20 from ICAI, among several others.

Photographs: Management and Plant facilities

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Website: www.tatasteel.com and www.wealsomaketomorrow.com

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