MUMBAI: Tata Steel has been adjudged as the ‘Steel Industry Leader’ globally by the Dow Jones Sustainability Index 2018 (DJSI). Tata Steel is also the only India-based company to emerge as a winner among all 60 sectors evaluated for DJSI 2018.
Tata Steel Ltd leads the Steel industry in RobecoSAM’s Corporate Sustainability Assessment based on its Total Sustainability Score in 2018. This is the second year in last three years that Tata Steel has been adjudged the Industry Leader amongst 24 Steel Companies globally.
“We are honored to be ranked the number one company in the steel sector globally. It is a recognition of our efforts towards sustainability and relentless pursuit for a better tomorrow. By its very nature, steel manufacturing is one of the most challenging businesses from the perspective of sustainability. This recognition encourages us to stay committed to our focus on creating a sustainable ecosystem and benchmark with best in class for further improvement,” said T. V. Narendran, CEO and MD, Tata Steel.
Tata Steel maintains its membership in the DJSI Emerging Markets Index. Hence, Tata Steel will also retain its Gold Class Rating in the DJSI Sustainability Yearbook which will be released in January 2019 which targets investors.
S&P Dow Jones Indices (S&P DJI), one of the world’s leading index providers, and RobecoSAM, the investment specialist that has focused exclusively on Sustainability Investing (SI) for over 23 years, yesterday announced the results of the annual Dow Jones Sustainability Indices (DJSI) review.
Launched in 1999, the DJSI World represents the gold standard for corporate sustainability and is the first global index to track the leading sustainability-driven companies based on RobecoSAM’s analysis of financially material Environmental, Social, and Governance (ESG) factors and S&P DJI’s robust index methodology.