Tata Steel among the top 10 companies in the steel industry in the DJSI Corporate Sustainability Assessment 2021
Tata Steel was named one of the top 10 steel companies in the 2021 Dow Jones Sustainability Indices (DJSI) Corporate Sustainability Assessment. The company retained its position in the DJSI Emerging Markets (EM) Index for the 10th consecutive year .
Tata Steel is also one of the top 15 Indian companies to appear in the EM index which currently includes 109 companies.
For the 2021 Corporate Sustainability Assessment, 5,300 companies were eligible for inclusion and were invited to participate. A record 1,843 companies participated in the assessment this year. Participating companies now represent 45% of global market capitalization relative to the S&P Global BMI (Broad Market Index), up from 32% in 2020.
In terms of sustainable development, Tata Steel obtained the highest score in categories such as codes of business conduct, risk and crisis management, environmental reports, operational eco-efficiency, enterprise, citizenship and philanthropy; and social relations.
Sanjiv Paul, Vice President (Safety, Health and Sustainability), Tata Steel, said, “We are honored to be ranked among the top 10 steel companies in the Dow Jones Sustainability Indices (DJSI) in the world. ESG is an integral part of our core operations and strategies and our constant effort is to help improve our performance in terms of climate impact. Tata Steel is invested in many initiatives to enable sustainable manufacturing and will continue to set new benchmarks for the industry. This recognition motivates us to continue cultivating and maintaining a sustainable ecosystem.
Tata Steel has participated in the Corporate Sustainability Assessment (CSA) since 2012 and has been a member of the DJSI Emerging Markets index for 10 consecutive years. Earlier this year, the company’s Jamshedpur steel plant was recognized as the advanced beacon of the 4th Industrial Revolution by the World Economic Forum.
As part of its transformation journey towards sustainable operations, the company has launched several conscious efforts, including the deployment of electric vehicles for the transport of steel at its factories in Jamshedpur and Sahibabad, the commissioning of the first India’s steel recycling plant at Rohtak in Haryana and the establishment of its first Capture Plant at Jamshedpur. Tata Steel is also the first steel company to join the Sea Cargo Charter.
The DJSI Corporate Sustainability Assessment (CSA) is an annual assessment of the sustainable development practices of companies since 1999. Each year, more than 7,000 companies around the world are assessed on the economic / governance, environmental and social dimensions by focusing on criteria that are both industry specific and materially financially. The DJSI rating methodology has gradually become strict over the past few years, especially for industries with high ESG impact like steel, mining, etc.
Disclaimer: This press release is automatically generated. The CSR Journal is not responsible for the content