Tata Steel Wins Sustainability Prize for Exemplary Performance in Economic, Social & Environmental Dimensions

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JAMSHEDPUR: Tata Steel bagged the Sustainability Prize at the CII-ITC Sustainability Award 2011’s ceremony in the ‘Category A’ for Large Business Organization (for companies with turnover of above 500 Crores). The prestigious ceremony was held at Delhi today in the august presence of senior government officials such as Mr Anand Sharma, Union Minister of Commerce, Industry and T

L-R Mr Sanjiv Paul (VP, CS, Tata Steel Ltd.) Mr YC Deveshwar (Chairman, ITC) Mr Anand Sharma (Union Minister of Commerce and Texti

extiles, Government of India and several other dignitaries from various corporate houses.

The annual CII-ITC Sustainability Awards are given out to recognize and reward excellence in economic, environmental and social performance. They are conferred to Indian businesses that demonstrate excellent performance in the area of Sustainable Development.

On behalf of the Company, Mr Sanjiv Paul, Vice President, Corporate Services, Tata Steel received the Sustainability Prize from the hands of Mr Anand Sharma, Union Minister of Commerce, Industry and Textiles, Government of India. Re-iterating the values that the company has always adopted as a benefactor for the community, Mr Paul said, “Sustainable development means valuing the interdependence of environmental, social and economic aspects so as to aim at improving the quality of life for everyone, now and for generations to come.”

Further he added, “In Tata Steel we understand that whatever choices we make and all the actions that we pursue today impact everything in future. I can proudly state that we have build on a legacy of caring and our commitment is based on achieving business success through responsible social, environmental and economic practices that help build happy communities. I would like to extend my heartfelt thanks to CII-ITC Sustainability Awards for acknowledging Tata Steel’s efforts in regards to the same.”

Tata Steel had already received the Sustainability Prize in the year 2006, 2007, and 2008 for Large Business Organization; and in the year 2009 and 2010 for Commendation for Significant Achievement.

Tata Steel’s CSR initiatives have been recognized with many awards. Since 2006, the company has showcased an exceptional track record of receiving this coveted award initiated by the CII-ITC Centre of Excellence for Sustainable Development. Recently the Company has received the CNBC Asia’s Corporate Social Responsibility Award at CNBC-TV 18 India Business Leader Awards (IBLA) and the corporate social responsibility award at the seventh edition of NDTV Profit Business Leadership Awards.

In addition to this, Tata Steel has been recognized by other prestigious awards like Safety and Health Excellence Recognition Award 2010 by the World Steel Association, was adjudged as the winner in ‘Corporate Social Responsibility’ at the Procurement Leaders Forum- 2011 and honoured with the ‘Rashtriya Khel Protsahan Puruskar’ for the second consecutive year in 2010. Other esteemed awards include the CSR Excellence Award 2010 by ASSOCHAM, National CSR Committee and CSR Organizing Committee; 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.

Established in 1907 as Asia’s first integrated private sector steel company, Tata Steel Group is amongst the leading steel manufacturers in the world with an annual crude steel capacity of over 28 million tonnes per annum (mtpa). It is now the world’s second-most geographically-diversified steel producer, with operations in 26 countries and a commercial presence in over 50 countries. The Tata Steel Group, with a turnover of US$ 26.64 billion in FY ’11, has over 81,000 employees across five continents and is a Fortune 500 company. The Group’s vision is to be the world’s steel industry benchmark in “Value Creation” and “Corporate Citizenship” through the excellence of its people, its innovative approach and overall conduct. In 2008, Tata Steel India became the first integrated steel plant in the world, outside Japan, to be awarded the Deming Application Prize 2008 for excellence in Total Quality Management.

CII-ITC Centre of Excellence for Sustainable Development
The CII-ITC Centre of Excellence for Sustainable Development is an institution that creates a conducive, enabling climate for Indian businesses to pursue sustainability goals. It creates awareness, promotes thought leadership, and builds capacity to achieve sustainability across a broad spectrum of issues. A pioneering effort by CII, the Centre is the fountainhead of ideas and practices to promote Sustainability.

It enables Indian businesses become sustainable, and channels the potential of Indian industry to power India’s agenda for inclusive growth and sustainable development. It enables businesses transform themselves by embedding the concerns of sustainable development into their own strategies and processes. The Centre recognizes businesses that make outstanding contributions to sustainable development. In the process, they become role models for India’s corporations in adopting cutting edge practices to promote sustainable development.

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