Jamshedpur: Tata Steel has been awarded the prestigious CII Environmental Best Practices Trophy 2018 for pioneering (in India) sustainability initiatives in its Ocean Transportation & Logistics Operations.
On behalf of Tata Steel, the award was received by Amitabh Panda, Group Head – Shipping & Logistics along with Captain Som Mishra and Amit Sharma at the 7th Greenco Summit organised recently by Confederation of Indian Industry (CII) in Chennai.
Expressing his appreciation and gratitude on receiving the award, Amitabh Panda, Group Head – Shipping & Logistics, Tata Steel said, Tata Steel is committed to adopting best practices in its operation for a sustainable future. Such recognitions encourage us as we constantly embrace ourselves with practices that help and promote environmental protection. Sustainability forms the core of our business philosophy and we are glad to be honoured for our constant efforts and contribution towards efficient management of natural resources.
The award under the category ‘Innovative Environmental Project’ becomes noteworthy, as it was chosen, from amongst 70 projects submitted by other marquee Indian companies.
On its 14 Mn ton import/export in FY18, the avg. CO2 emission by TSL vessels were 3.2 grams/ton/nautical mile that translates to 440,000 kilo tons CO2 reduction, when benchmarked to global average of 10.9 grams/ton/nautical mile for FY18. The award was in recognition of the initiatives taken and results achieved.
In its effort to achieve the above target, as also to continue the journey in the years ahead, Tata Steel works jointly with top-class shipping companies and shipyards from Europe, Japan, South Korea & China to build vessels of requisite specification and structures commercial deals to keep it value accretive.
Importantly, these steps are being taken by the Company, ahead of the International Maritime Organization (IMO) regulations on CO2, SOx, NOx norms that will pan out in the Indian/Pacific Ocean region in the years ahead.