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Tata Steel Recognised as Gold Employer by India Workplace Equality Index (IWEI) 2023
~ The third consecutive gold title highlights Company’s sustained growth in LGBT+ inclusivity efforts ~
Tata Steel has been recognised as a Gold Employer by the India Workplace Equality Index (IWEI) 2023 for the third consecutive year for its unwavering commitment to LGBT+ inclusion. IWEI has honoured Tata Steel for its exceptional performance in embedding diversity and inclusion within its policies, hiring practices, and external communications.
Atrayee Sanyal, Vice President, Human Resource Management, Tata Steel, said: "Tata Steel's journey towards LGBT+ inclusion is a continuous evolution, and this recognition further fuels our commitment to sustaining an environment where diversity thrives. It reflects our dedication to creating a workplace where every individual, regardless of their sexual orientation or gender identity, feels valued and respected. An inclusive workplace that promotes zero tolerance for biases and fosters a culture based on meritocracy."
Tata Steel's journey towards becoming an inclusive workplace has been marked by comprehensive efforts in various aspects of HR policies, practices, and organisational culture. The Company has implemented progressive employment policies such as equal benefits for LGBT+ partners which goes beyond just medical coverage and includes benefits like a honeymoon package, gender transition support for employees, and gender-neutral parental leaves.
In addition to its inclusive hiring practices, Tata Steel has actively promoted employee resource groups (ERGs) to provide a supportive network for the LGBT+ community. The Company has also engaged in outreach programmes, community initiatives, and partnerships to foster a culture of acceptance and understanding.
IWEI is India’s first comprehensive benchmarking tool for employers to measure their progress on lesbian, gay, bi, and trans (LGBT+) inclusion in the workplace. The index measures nine areas: policies and benefits, employee lifecycle, employee network group, allies, and role models, senior leadership, monitoring, procurement, community engagement, and additional work. This is the fourth annual IWEI assessment process where 120 organisations had participated. 35 organisations are recognised as ‘GOLD’ Employers, 29 organisations are recognised as ‘SILVER’ Employers and 32 organisations are recognised as ‘Bronze’ Employers.
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-CertifiedTM 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 ResponsibleSteelTM 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.
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Website: www.tatasteel.com and www.wealsomaketomorrow.com
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