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In FY 2018-19 Tata Steel Limited arrived at its Environmental, Social and Governance (ESG) related material issues through an exclusive and extensive stakeholder engagement process. The Economic material issues have been revisited through various stakeholder engagement processes and business reviews by the senior leadership. Our strategic planning process incorporates the Economic, Environmental, Social, and Governance material issues relevant for the long-term growth and financial success of the Company.

Economic - Material issue Key actions
Business growth Pursue organic and inorganic growth
New Materials Business
Services & Solutions business
Foraying into newer segments such as oil & gas, lifting and excavation
Increase sales of downstream products
Long-term profitability Maintain leadership in chosen segments
Enhance raw material security
Operational efficiency enhancement
Shikhar25 cost management initiatives
Product quality, price offerings and delivery Product and process innovation
Value engineering
Customer service teams and delivery centres
Environmental - Material issue Key actions
Renewable and clean energy Initiatives on harnessing clean and renewable energy and adopting waste heat recovery technology
Waste management Recovery and reuse of metal from steelmaking slag
Nearly 100% utilisation of LD slag
Advocacy with various government and industry bodies to build scrap utilisation networks
Water consumption and effluent discharge Striving towards future readiness by investing in sewage treatment plants and creating new rain water harvesting structures
Energy efficiency Energy efficiency through process optimisation initiatives such as waste heat recovery systems and by-product gas utilisation
Air pollution Investment in air pollution control equipment to reduce dust emission intensity
Supply chain sustainability Embedding sustainability across the supply chain
CO2 emission Piloting Carbon Capture and Use (CCU) at Jamshedpur works and at the Ferro-Chrome plant, and assessing renewable energy potential across all locations in India
Biodiversity Reclamation of mining activities
Circular economy Adoption of circular economy concepts to maximise the utilisation of our by-products
Social - Material issue Key actions
Occupational health & safety Leadership capability development for safety at all levels to achieve zero harm
Identification and mitigation of hazards and risks
Reduction in safety incidents on road and rail to sustain zero fatalities inside plant premises
Excellence in Process Safety Management (PSM)
Establishment of industrial hygiene and improvement in occupational health
Labour relations Robust grievance mechanism
Implementation of the Human Rights Policy, principles of SA8000, Universal Declaration of Human Rights (UDHR) and ILO convention
Drinking water Installation and repair of drinking water facilities
Local sourcing of labour Implementation of Affirmative Action Plan
Talent retention Development of workforce capability through various programmes and fostering a diverse workforce through our MOSAIC framework
Governance - Material issue Key actions
Going beyond compliance and setting trends for future regulations Collaborations with technical institutes and technology start-ups
Greater stakeholder engagement Enhancement of specialised channels such as public meetings, vendor-focussed committees, Speak UP toll-free number, platforms such as conference and construction conclave, zonal and similar events
Greater sustainability disclosures Consistent improvement of our disclosures through GRI, worldsteel and BRR frameworks
Technology, product and process innovation Process innovation such as High Gradient Magnetic Separator (HGMS) for iron ore slime beneficiation
Product innovation such as Pravesh Vista steel windows and graphene-doped plastic products
Technical knowledge transfer and capacity building for relevant partners Conduct of Vendor Capacity Development (VCAP) programmes
Responsible advocacy for the steel and mining sector Engaging with the industry bodies and peer networks in sharing best practices, training, research and ideas that enhance the overall performance of the industry