Tata Steel ranked world's #1 steel company in Dow Jones Sustainability Index
Tata Steel is the only India-based company to emerge as a winner among all 60 sectors evaluated for DJSI
Deepthi | Myequity news | Date : 14-09-2018 21:30:00 IST
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 Mr 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.
About Tata Steel:
Tata Steel Group is among the top global steel companies with an annual crude steel capacity of 27.5 million tonnes per annum (MTPA) as on March 31, 2018. It is one of the world's most geographically-diversified steel producers, with operations in 26 countries and a commercial presence in over 50 countries. The Group recorded a consolidated turnover of US $20.41 billion (IN R 133,016 crore) in FY18. Tata Steel Group is spread across five continents with an employee base of over 65,000. Tata Steel retained Industry Leader position in FY18 and ranked second overall in the DJSI assessment, 2017. The Company has been recognised as the Climate Disclosure Leader in 'Steel category' by CDP (2017). Besides being a member of the World Steel Climate Action Programme, Tata Steel was felicitated with several awards including the Prime Minister's Trophy for the best performing integrated steel plant for 2014-15 and 2015-16, Best Risk Management by CNBC TV18 (2018) and 'Corporate Strategy Award' by Mint (2018). The Company also received the 'Most Ethical Company' award from Ethisphere Institute for the sixth time (2018), Steel Sustainability Champions (2017) by the World Steel Association, Dun & Bradstreet Corporate Awards (2017 & 2018), Golden Peacock HR Excellence Award by Institute of Directors (2017) as well as 'Asia's Best Integrated Report' award by the Asia Sustainability Reporting Awards (2017), among several others.