Jamshedpur, Sept. 9: Tata Steel has been declared as the global industry leader in the steel sector by the Dow Jones Sustainability Index (DJSI) assessment for the year 2016. This year, more than 20 global steel majors participated in the DJSI assessment.
Tata Steel scored 81 per cent in the assessment, an improvement from last year’s score of 80 per cent. Tata Steel has been providing disclosures under the aegis of DJSI for the last three years. It moved from Bronze in the first year to Silver last year and has emerged as Industry Leader, Gold category, this year.
The DJSI assessment was created by the investor community in the year 1999 to evaluate large companies based on economic, environmental and social criteria. It is one of the most widely regarded benchmarks on Corporate Sustainability Leadership.
The assessment comprises an annual analysis of the sustainability performance of more than 2,000 companies. Investors across the globe are increasingly seeking DJSI scores of companies before making their investment decisions.
The DJSI ratings are done on the basis of geographies and also on sectoral basis. Tata Steel figures in the Emerging Markets Index as well as in the Steel Sector Index.
Out of a total of 23 criteria, Tata Steel achieved 100 percentile in seven criteria – Customer Relationship Management, Supply Chain Management, Materiality, Payment Transparency, Operational Eco-efficiency, Social Reporting and Talent Attraction & Retention.
Tata Steel has always focused on sustainable business practices and all operational and business decisions are taken from a sustainability perspective, a company release said.