Tata Steel Limited and Tata Steel Europe have been recognized as 2022 Steel Sustainability Champions by the World Steel Association. Recognized for the fifth consecutive year this year, Tata Steel India and Tata Steel Europe have been Champions every year since the program’s launch in 2018. This coveted recognition acknowledges Tata Steel’s efforts to maintain its leadership as a world-class steel producer who is fully committed to the principles of sustainability. The World Steel Association has recognized ten companies as Steel Sustainability Champions for their work in 2021.
TV Narendran, CEO & managing director, Tata Steel, said: “We are honored to be recognized as Sustainability Champion by worldsteel for the fifth year in a row. At Tata Steel, innovation and responsibility form the core of our pursuit of building a sustainable enterprise and exploring possibilities to enable a better future. While we have invested in breakthrough technologies to mitigate emissions, drive resource efficiency, access low-cost clean energy, and provide circular economy solutions, we remain steadfast in our quest to become industry leaders in sustainability by setting new benchmarks. ”
Earlier this year in March, Tata Steel was selected as a member of the worldsteel’s 2022 Sustainability Charter for its initiatives and commitment towards sustainable development and circular economy. Tata Steel has been a pioneer in disclosing its sustainability performance transparently through various disclosure platforms. The company has been publishing Sustainability Reports following the Global Reporting Initiative (GRI) Framework (the first company in India) since 2001. In FY 2015-16, Tata Steel became the first Company in India to transition to Integrated Reporting through the International Integrated Reporting Framework (IIRC). Dow Jones Sustainability Indices have rated Tata Steel amongst the top 10 steel companies globally. The Company has been rated “A” and listed as a 2021 ‘Supplier Engagement Leader’ by CDP, a global environmental non-profit charity, for its initiatives to reduce GHG emissions and tackle climate-change risks across its supply chain. Tata Steel had also been recognized for its Safety and Health Excellence initiatives by worldsteel under the category ‘Occupational Health Management’.
The winning entries for the Sustainability Champions recognition are evaluated based on the data provided on sustainability indicators like material efficiency, environmental management systems, lost time injury frequency rate, employee training, investment in new processes and products, economic value distributed. In addition, the companies provide Life Cycle Inventory (LCI) data to worldsteel’s data collection program that covers more than 50% of the company’s crude steel production data and is less than 5 years old. The companies also commit to signing the worldsteel Sustainable Development Charter.