Tata Steel recognized for its exemplary performance in economic, social and environmental facets of Indian business in the Large Independent Company category
INDIACSR News Network
NEW DELHI: Tata Steel was awarded the ‘CII-ITC Sustainability Prize’ in the ‘Category A’ for Large Independent Company at the CII-ITC Sustainability Awards 2012. The award ceremony was held today at the Vigyan Bhawan, New Delhi in the august presence of dignitaries and representatives from the Government of India and leaders of the corporate world.
Mr Chanakya Choudhary, Chief Resident Executive- New Delhi, Tata Steel received the prize from the President of India, Shri Pranab Mukherjee.
On receiving the Prize Mr H M Nerurkar, MD Tata Steel said, “We feel honoured to be recognized for our corporate leadership in social responsibility and sustainable development initiatives. Tata Steel has built a legacy of achieving business success through responsible social, environmental and economic practices that help build inclusive societies.” He extended his heartfelt thanks to CII-ITC for acknowledging Tata Steel’s efforts.
Tata Steel has been awarded the Sustainability Prize (in the ‘Category A’ for Large Independent Company- for companies with turnover of above 500 Crores) earlier in the years of 2006, 2007, 2008 and 2011. The award this year makes it the 5th time for the steel maker since 2006 and for two years in succession, underlining Tata Steel’s ethos built on a commitment for values beyond steel.
The annual CII-ITC Sustainability Awards are given to encourage and recognize Indian corporates who embed sustainability and, thereby, champion the cause of inter-generational parity. The awards are conferred to Indian businesses that demonstrate excellent performance in the area of Sustainable Development.
Tata Steel’s achievements in the field of CSR have been recognised by the industry on various occasions. Recently the Company received the CSR Excellence Award 2012 by ASSOCHAM the Businessworld-FICCI-SEDF Corporate Social Responsibility Award 2009; the Best Corporate Social Responsibility Practice Award at the 6th Social and Corporate Governance Awards 2010 by the Bombay Stock Exchange, CNBC Asia’s Corporate Social Responsibility Award at CNBC-TV 18 India Business Leader Awards (IBLA) and the Corporate Social Responsibility award at the 7th edition of NDTV Profit Business Leadership Awards, 2012.
In addition to this, Tata Steel has been recognized with other prestigious awards like Safety and Health Excellence Recognition Award 2010 by the World Steel Association, Winner in ‘Corporate Social Responsibility’ at the Procurement Leaders Forum- 2011, UK and honoured with the ‘Rashtriya Khel Protsahan Puruskar’ from the Government of India for the second consecutive year in 2010. It has also been rated amongst the most Ethical companies of the world by the Ethisphere Institute of USA in 2011.
“Inclusive growth” should not be a mere slogan but a fundamental driving force for sustainable development, says President
The President of India, Pranab Mukherjee presented the CII-ITC Sustainability Awards 2012 today at a function at Vigyan Bhavan.
Speaking on the occasion the President congratulated the award winners and advised Indian industry to think, create, and deliver while taking care of our future generations. He said what is necessary for our Industry is a belief that the compulsion of creating value for a business cannot be separated from our concern for society and environment. He appealed to the Indian Industry to be part of the sustainability movement and participate in true nation-building.
The President said we need to usher in a culture of social responsibility in the governance of Indian companies. Indian business, by integrating social and environmental objectives in their operations, can make a positive contribution for the betterment of our society. “Inclusive growth” should not be a mere slogan but a fundamental driving force for sustainable development.