Tata Steel is now part of Responsible Steel, the industry’s first global multi-stakeholder standard and certification initiative that helps its members achieve their sustainability goals by providing an independent certification standard and programme via a process that aims to align with the ISEAL Codes of Good Practice. The ISEAL’s Codes of Good Practice offers a globally recognised framework used by credible sustainability standards that all ISEAL members are required to comply with.
There has been a growing interest over the past decade amongst customers of steel producers, governments, NGOs and the investment community in the corporate responsibility and sustainability credentials of steel companies. This interest has increasingly manifested itself in a desire amongst those stakeholder groups to be able to distinguish between those steel companies that are ‘sustainable’ and ‘responsible’ from those that are not verifiably so.
Responsible Steel helps its members improve sustainability within the steel supply chain, through a global standard and certification programme for the entire sector that ensures businesses and consumers can be confident that the steel they use has been sourced and produced responsibly at every stage.
T. V. Narendran, CEO & MD, Tata Steel, said, “We are pleased to become a member of Responsible Steel. We have always emphasised our commitment to sustainable business practices and responsible supply chains and view sustainability as integral to our business and our policies demonstrate our commitment towards sustainable development and guide us in formulating and implementing our long term sustainability strategy. The membership of Responsible Steel will provide an ideal platform to build on these credentials of Tata Steel and enable a responsible ecosystem for the steel industry.”
Ali Lucas, Executive Director, Responsible Steel, said, “We are absolutely delighted to welcome Tata Steel as a Business member of Responsible Steel. As one of the world’s leading steel producers, Tata Steel will bring huge depth, breadth and influence to help us achieve our mission and goals. Responsible Steel represents members from every stage of the steel supply chain. As the world’s only multi-stakeholder standard and certification initiative for the steel sector, we work by building collaborative relationships that create real impact for both the planet and society. Working with Tata Steel will help us significantly accelerate our vision towards a world where only responsible low CO2 steel is produced.”
Tata Steel champions its sustainability initiatives through a six-pillar approach that includes Environmental Excellence, Community Care, Health and Safety, HR Practices, Sustainable Mining, Innovation, and Sports. Steel is the world’s most widely-used material and those who use it in the transport, automotive, infrastructure, packaging, construction, energy and white goods sectors have a growing expectation that the materials they work with are responsibly sourced and produced. 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 (first company in India) since 2001.
