Mumbai/Jamshedpur, April 11: Tata Steel Limited has been named as one of Steel Sustainability Champions for year 2017 by the World Steel Association, one of the largest industry associations in the world.
Tata Steel Ltd. and Tata Steel Europe are among the six steel producing companies that have been named as Steel Sustainability Champions for 2017 at the World Steel Associationís board meeting in Mumbai.
The newly launched programme aims to recognise steel companies who 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.
Edwin Basson, Director General of worldsteel said, ďAs producers of steel, we know that a sustainable steel industry is crucial for the long-term health of our economy, our society and our planet. And every steel company has a responsibility to help achieve this. Many members of worldsteel have already demonstrated their commitment to sustainable development and made extensive efforts in their sustainability programmes. As an industry, we have made progress. But we need to do more and go further.
Sustainability is a core business requirement, vital to a companyís continuing license to operate. An ethically and socially responsible approach can act as a competitive advantage for forward-thinking steel companies.”
The World Steel Association (worldsteel) is one of the largest and most dynamic industry associations in the world. worldsteel members represent approximately 85% of the world’s steel production, including over 160 steel producers with 9 of the 10 largest steel companies, national and regional steel industry associations, and steel research institutes.