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Tata Steel recognised for sustainability

Posted on 08 May 2019 and read 1074 times
Tata Steel recognised for sustainabilityFor the second year in a row, Tata Steel Ltd and Tata Steel Europe have been recognised by the World Steel Association (Worldsteel) as leaders in sustainability initiatives among global steel producers.

They are among the six steel-producing companies that were named as Steel Sustainability Champions for 2018 at the Worldsteel board meeting in Madrid on 16 April.

The Steel Sustainability Champions initiative aims to recognise steel companies that are “leading the way in creating a truly sustainable steel industry and society, clearly demonstrating their commitment to sustainable development and the ‘circular economy’, and making measurable and tangible impacts in their activities”.

It aims to encourage steel companies to increase their efforts, set higher standards and make further progress in their sustainability programmes and business practices.

The Steel Sustainability Champions are evaluated according to six sustainability indicators: material efficiency, environmental management systems, lost-time injury frequency rate, employee training, investment in new processes and products, and economic value distributed.

Tata Steel Group (www.tatasteel.com) has a crude-steel capacity of 33 million tonnes per annum and is one of the world’s most geographically diversified steel producers.

It recorded a consolidated turnover of $20.41 billion in the 2018 financial year.