Mumbai/Jamshedpur: Tata Steel has been recognised as 2023 Steel Sustainability Champion by the World Steel Association. The Sustainability Champions were announced today at the worldsteel Special General Meeting of the Board of Members held in Vienna, Austria.
Recognised for the sixth consecutive year this year, Tata Steel has been a champion every year since the programme’s launch in 2018. This prestigious award acknowledges Tata Steel’s efforts to maintain its leadership as a world-class steel producer that is fully committed to the principles of sustainability.
T. V. Narendran, CEO & Managing Director, Tata Steel said, “We believe sustainability is not only a moral imperative, but also a business opportunity. Being recognised as a Sustainability Champion for the sixth consecutive year by worldsteel reinforces our commitment to sustainable development. We are proud to be a part of the global steel industry – working together to address the challenges of climate change and create a better future for generations to come.”
The entries for the Steel 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, and economic value distributed. In addition, the companies provide Life Cycle Inventory (LCI) data to worldsteel’s data collection programme which covers more than 60% of the company’s crude steel production data and is less than 5 years old.
Earlier this year, Tata Steel was recognised as 2022 ‘Supplier Engagement Leader’ by CDP, a global environmental non-profit charity, for its efforts in measuring and reducing environmental risks across its supply chain. The Company’s Noamundi and Joda East Iron Mines were accorded a 5-Star rating for sustainable development for the year 2021-22 by Indian Bureau of Mines (IBM).