Jamshedpur Today News:Tata Steel reiterates its commitment to nation building, sustainability and developing stronger and diverse human capital at the 74th Republic Day Celebrations

Jamshedpur:  Tata Steel celebrated the 74^th Republic Day at its main plant in Jamshedpur, Jharkhand by reiterating its pledge to build a stronger India that will be fully committed to the country’s long-term sustainability goals even as it continues to invest in nurturing world-class human capital.

The Republic Day celebration at the company’s Jamshedpur plant where the Tata Steel story had started 115 years ago was led by Sanjiv Paul, Vice President, Safety, Health and Sustainability with the enthusiastic participation of employees and community members in large numbers.  Addressing the gathering at the national flag unfurling ceremony, he highlighted the organisation’s commitment to nation building, as well as recent accomplishments while also setting context for strategic priorities to foster engagement and commitment of employees.

 

“Together, as a nation, we must leverage every opportunity to build an India we can all be proud of. Our strong economic fundamentals make India a more attractive and stable destination for investors – and a key lever to our journey of progress will continue to be the manufacturing sector, which has the potential to be a catalyst of societal transformation besides adding value to the nation. Committed to India’s growth, Tata Steel is in the unique and enviable position where we can help deliver on India’s manufacturing aspirations to achieve aatmanirbharta (self-reliance),” Mr Paul said.

 

Tata Steel will pursue the nation building goal on the strength of its world-class manufacturing capabilities without compromising its long term sustainability principles and by investing in human capital that is both capable and diverse.

 

“Another area of focus that can no longer be ignored is the issue of climate change. This is a subject that is no longer something debated by the elite, but something that everyone has realised. The world’s acceptance of this as a challenge and the need to deal with it has been accelerated. Circularity and resource efficiency have become increasingly important. While we at Tata Steel made some moves on this front, we need to do more,” he added.

 

Tata Steel has already committed to being net-neutral in carbon across our operations in India, Europe and Thailand by 2045. This puts it ahead of any other company of comparable size as well as 25 years before India’s commitment to being net zero. “That of course needs a lot of doing and the younger members of the Tata Steel family need to ensure this,” he said.

 

In 2022, apart from being recognised as Sustainability Champions by worldsteel for the sixth year running, Tata Steel was also ranked 9th among the 128 companies assessed globally by Sustainalytics — a leap forward from 2021 when we stood 29th among 140 companies. The company also secured the top rank among the assessed top global steel producing companies. Three sites at Jamshedpur works have also received ResponsibleSteel certification.

 

As a company known for its pioneering human resource policies that were well ahead of its time, Tata Steel will continue to focus on investing in its people that are not only capable but also represent India’s unique strengths in term of diversity.

“Our nation’s unique demographic dividend could push us to an even more enviable position in the global economy. Our growing young productive population, given the right opportunities, can harness our growth potential for rapid industrialisation and development. However, we must also acknowledge that this demographic dividend is a double-edged sword if not channelised well. It can have a tremendous positive impact if our growing working-age population finds high value employment,” Mr Paul said.

 

With people being the greatest asset at Tata Steel, Tata Steel will continue to drive a performance-oriented culture while nurturing diversity, equity and inclusion within our workforce. This forms the foundation of Tata Steel’s human resource policy. The company has committed to achieve 25% diversity in its workforce by 2025 and this diversity target is made up of large workgroup components which include women, members of the LGBTQ+ community, persons with disabilities and the affirmative action community. It will continue to introduce and champion pioneering initiatives that foster a trust-based, outcome-oriented work culture.