Preview

Tata Steel Report

Powerful Essays
Open Document
Open Document
118665 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Tata Steel Report
105th Annual Report
2011-2012

The cornerstones of

sustainability

Awards & Recognition
Tata Steel’s sustainability mission
“In a free enterprise, the community is not just another stakeholder, but is, in fact, the very purpose of its existence.”
It is these words of Jamsetji Tata, Founder of Tata Steel that have shaped the Company’s culture of social responsibility. At Tata Steel, the benefits of wealth creation extend beyond the business, flowing into the communities in which the Company operates.
Tata Steel’s approach to business has evolved from the concept that the wealth created must be continuously returned to society.

Future
Promise

Social

Success for
Everyone

• Tata Steel named among World’s Most Ethical
Companies.

• NDTV Profit Business Leadership Awards 2011 for business leadership and entrepreneurial excellence, contributing significantly towards India’s economy growth. Economic

Awards for excellence in social responsibility

• India’s Most Admired Company – by FORTUNE and
Hay Group.

Environment

Corporate awards

• CNBC Asia’s Corporate Social Responsibility Award for outstanding CSR Model.

• Tata Steel Conferred Best Conscious Capitalist Award by Forbes India.
• 3rd Annual Intellectual Property Awards.
• Thomson Reuters Innovation Award in the “Hi-Tech
Corporate” category.
• Tata Steel’s Mines Division, Noamundi awarded
Confederation of Indian Industry’s (CII) National
Award for Excellence in Water Management 2011 for its “Most Innovative Rainwater Harvesting Project”.

Greener
Business
Sustainability
The responsibility of combining the three elements of society – social, environmental and economic – is of utmost importance to the way of life at Tata Steel. It is the combination of these three elements that ensures that business is sustainable for all stakeholders.

• The Ministry of Labour and Employment, Government of India, conferred the prestigious Prime Minister’s
Shram

You May Also Find These Documents Helpful

  • Satisfactory Essays

    JFKTropesSchemesKEY

    • 337 Words
    • 3 Pages

    “United there is little we cannot do in a host of cooperative ventures. Divided there is little we can do…”…

    • 337 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    bus 682 sfsu

    • 438 Words
    • 2 Pages

    Bibliography: Lawrence, A. T., & Weber, J. (2011). Business and society: stakeholders, ethics, public policy (13th ed.). Boston: McGraw-Hill Irwin…

    • 438 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Lawrence, A.T., & Weber, J. ( 2014). Business & society: Stakeholders, ethics, public policy (14th ed.). New York, NY: McGraw-Hill Irwin.…

    • 2221 Words
    • 6 Pages
    Better Essays
  • Better Essays

    Even the source of the corporation perse, is nothing more than a business community of entrepreneurs’ that build a sophistication of people. Besides, we cannot deprive anyone from life, liberty, or property” (Constitution).…

    • 1264 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Friedman vs Freeman

    • 361 Words
    • 2 Pages

    While Friedman considers maximization of owner’s profit as means to achieve maximum societal profit while maintaining democratic freedom, Freeman argues that balancing stakeholder interests is both necessary for economic survival and maximization of profit. Both positions can be aligned if:…

    • 361 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Lawrence, A. T., & Weber, J. (2014). Business and society: Stakeholders, Ethics, Public Policy (14th…

    • 2061 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    "The business of business should not just be about money, it should be about responsibility. It should be about public good, not private greed."…

    • 412 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Timberland Case Study

    • 847 Words
    • 3 Pages

    Bibliography: Lawrence, Anne T., and James Weber. Business and Society: Stakeholders, Ethics, Public Policy. Fourteenth ed. Print…

    • 847 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Stakeholder

    • 9171 Words
    • 37 Pages

    Abstract: The purpose of this paper is to suggest that at least one strain of what has come to be called "stakeholder theory" has roots that are deeply libertarian We begin by explicating both "stakeholder theory" and "libertarian arguments " We show how there are libertarian arguments for both instrumental and normative stakeholder theory, and we construct a version of capitalism, called "stakeholder capitalism," that builds on these libertarian ideas We argue throughout that strong notions of "freedom" and "voluntary action" are the best possible underpinnings for stakeholder theory, and in doing so, seek to return "stakeholder theory" to its managerial and libertarian roots found in Freeman (1984).…

    • 9171 Words
    • 37 Pages
    Powerful Essays
  • Good Essays

    Unethical Business Practices

    • 5038 Words
    • 21 Pages

    “The best and most successful organisations recognise that they will only prosper in the long term if they satisfy the aspirations of their stakeholders; including customers, suppliers, employees, local communities, investors, governments, public interest and environment groups. ”…

    • 5038 Words
    • 21 Pages
    Good Essays
  • Good Essays

    Mittal Steel began in the early 1970’s as a small, family owned company, based in India. However, due to a range of restrictive government regulations and tough competitiveness from SAIL (a state-owned firm) and Tata Steel (a large privately owned firm), Mittal Steel believed that the best projection of growth of the company would transpire outside of India. In 1975, Mittal Steel began expanding across national borders by creating and building a steel making plant in Indonesia. Mittal Steel was able to expand into different nations through mergers and acquisitions. At the time of Mittal Steel’s foreign expansion, the steel industry was in the midst of a 25-year slump. The 25-year slump caused many companies to go under distress. Lakshmi Mittal (the CEO of Mittal Steel) saw value in the distressed companies and believed that they could be feasible operations through a move toward greater efficiency and with an injection of capital. On the contrary, Greenfield Investment took a different route by building similar operations from the ground up, which was proven to be more costly. By avoiding the start-up-phase, Mittal Steel was able to avoid delay and take advantage of the benefits that come with a recognized market presence. Mittal Steel brings many benefits to the countries that it enters. For instance, its presence in a foreign market is deemed beneficial as it focuses on acquiring distressed companies and ameliorating them. However, it is important to note that that was not the case for Arcelor, Mittal Steel’s most recent acquisition. The management and politicians were opposed the concept of a foreign firm taking over an organization that was important to the European market. Due to the recent global economic crisis, Mittal Steel may…

    • 2455 Words
    • 10 Pages
    Good Essays
  • Good Essays

    domestic and global environment. The situation of the globe as well as current situation of the…

    • 6943 Words
    • 31 Pages
    Good Essays
  • Satisfactory Essays

    "To be a respectful world class corporation and leader in INDIAN steel business in quality, productivity, profitability and customer satisfaction" is the VISION statement of Steel Authority of India.…

    • 371 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Indian Steel Industry

    • 8449 Words
    • 34 Pages

    they extended in the form of sharing data as well as exchanging views , and also the experts…

    • 8449 Words
    • 34 Pages
    Powerful Essays
  • Good Essays

    Tata Ltd

    • 594 Words
    • 3 Pages

    was the factor which contributed to employee satisfaction more than other factors. There has been…

    • 594 Words
    • 3 Pages
    Good Essays

Related Topics