Tata Steel features amongst the top 10 companies in the steel industry
Tata Steel features amongst the top 10 companies in the steel industry in the Dow Jones Sustainability Indices (DJSI) Corporate Sustainability Assessment 2021
~ The Company retains its position in DJSI Emerging Markets (EM) Index for the 10th year in a row ~
~ A record 1,843 companies, representing 45% of global market capitalisation, participated this year ~
Mumbai, December 17, 2021: Tata Steel has featured amongst the top 10 steel companies in Dow Jones Sustainability Indices (DJSI) Corporate Sustainability Assessment 2021. The Company has retained its position in the DJSI Emerging Markets (EM) Index for the 10th consecutive year. Tata Steel is also one of the top 15 companies from India who made it to the EM Index that currently comprises 109 companies.
For the 2021 Corporate Sustainability Assessment, 5,300 companies were eligible for inclusion and were invited to participate. A record 1,843 companies participated in the assessment this year. The participating companies now represent 45% of global market capitalisation relative to the S&P Global BMI (Broad Market Index), up from 32% in 2020.
Under sustainability, Tata Steel scored the highest score in the following categories such as codes of business conduct, risk and crisis management, environmental reporting, operational eco-efficiency, corporate, citizenship and philanthropy, and social reporting.
Sanjiv Paul, Vice President (Safety, Health & Sustainability), Tata Steel, said: “We are honoured to be ranked amongst the top 10 steel companies in Dow Jones Sustainability Indices (DJSI) globally. ESG is an integral part of our core operations and strategies and our constant endeavour is to contribute towards improving our climate impact performance. Tata Steel is invested in numerous initiatives to enable sustainable manufacturing and will continue to set newer benchmarks for the industry. This acknowledgment motivates us to continue cultivating and nurturing a sustainable ecosystem.”
Tata Steel has been participating in the Corporate Sustainability Assessment (CSA) since 2012 and has been a member of DJSI Emerging Markets Index for 10 consecutive years. Earlier this year, the Company’s Jamshedpur Steel Plant was recognised as the World Economic Forum’s Advanced 4th Industrial Revolution Lighthouse. As part of its transformation journey towards sustainable operations, the Company has initiated several conscious efforts including deployment of EVs for steel transportation at it Jamshedpur and Sahibabad plants, commissioning of India’s first steel recycling plant at Rohtak in Haryana, and setting up of its first Carbon Capture plant in Jamshedpur. Tata Steel is also the first steel company to join the Sea Cargo Charter.
The DJSI Corporate Sustainability Assessment (CSA) is an annual evaluation of companies’ sustainability practices since 1999. Each year, over 7000 companies around the world are assessed on Economic/Governance, Environmental and Social dimensions focusing on criteria that are both industry-specific and financially material. The DJSI scoring methodology has become gradually stringent in last few years, especially for high ESG impact industries like Steel, Mining etc.
About Tata Steel
Tata Steel group is among the top global steel companies with an annual crude steel capacity of 33 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 $21.06 billion in the financial year ending March 31, 2021.
A Great Place to Work-CertifiedTM organisation, Tata Steel Ltd., 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 5 steel companies in the DJSI Corporate Sustainability Assessment since 2016. Besides being a member of ResponsibleSteelTM and worldsteel’s Climate Action Programme, 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 2020, received rating of ‘A-‘ (leadership band) from CDP for its Climate Change disclosure and Supply Chain disclosure, Steel Sustainability Champion 2020 recognition from worldsteel, ‘Most Ethical Company’ award 2021 from Ethisphere Institute, Best Risk Management Framework & Systems Award (2020) from CNBC TV-18, and Award for Excellence in Financial Reporting FY20 from ICAI, among several others.