Shri Vile Parle Kelavani Mandal’s

Narsee Monjee College of Commerce & Economics

(Autonomous)

Bachelor of Management Studies (BMS) Programme

2020-21

SY BMS Semester IV Division A/B

Course Name:
Project Title: TATA STEEL, GROUP

Submitted by:
Student’s Name SAP ID Roll No
SHREYA RAVARIA 45401190071 B046
 SHREYA RAVARIA, B046

ETHICAL PRACTICES ADOPTED BY TATA STEEL GROUP

(Tata Steel Limited, n.d.) Tata steel is one of the leading steel-making company established in
1907. It is among the global steel companies with presence in around 50 countries with
manufacturing operations in 26 countries – India, United Kingdom, Netherlands, Vietnam,
Thailand, etc. It is headquartered in Mumbai, India. Jamsetji Tata is the founder, T.V.
Narendran is the global CEO and Managing director Tata Steel.
Tata Steel has been recognized by Ethisphere Institute for the 10th time, as a global leader in
defining and advancing the ethical business practices standards and is named as one of the
2020 World's Most Ethical Companies.
Ethical Behaviour is intrinsic to their business and has been part of their legacy since
inspection. Tata Steel's branding campaign 'We Also Make Tomorrow', represents
the commitment to building a greener and better tomorrow.
The ethical practices adopted by Tata Steel in various parts of the organizations are as
follows:

1. Human Resource Management

(Tata Steel Limited, n.d.)

 Tata Steel group is spread across five continents with an employee base of over

65,000. It always believed in- investing in people and being an employer of choice.
 It is first in the manufacturing industry to have a 5-day work-week to promote work-
life balance among employees. Each year, ‘July’ month is observed as Ethics Month
to reinforce ethical culture.
 Diversity and Inclusion is a way of life to ensure fair and equal opportunity for all
employees.
MOSAIC –a diversity and inclusion initiative was established that covers four
aspects, gender, Person with Disabilities LGBTQ+ and different sections of society
(Affirmative Action Community).
(The Hindu, n.d.)Under this initiative, WINGS- Employee Resource Group for
LGBTQ+ community was launched. Here, like other employees this community will
be respected and their voice would be heard. They can avail to HR benefits like health
check-up, new born parent and child care leave, equally eligible for participating in
any event including an official gathering or an offshore corporate event, etc.
 (Tata Steel, press releases, 2019)Tata Steel is the first company in India to deploy
women mining engineers at its Noamundi Iron mine in all shifts (Ore, Mines &
Quarries). All safety and health measures for female employees is considered like
sanitary vending machines, canteens, rest rooms, deployment of women in groups of
not less than three in a shift, female security guards, transportation facilities, set of
robust security measures- GPS & CCTV monitoring, have been implemented.
  (Tata Steel, n.d.)For, The Company’s target of having 20% women officers in the
workforce by 2025, an initiative called ‘Women @ Mines’ is undertaken. It focuses
on Communication, Amenities, Recruitment of Women officers and non-officers, and
Tejaswini 2.0 (Tejaswini 2.0’- an initiative providing technical training to unskilled
women workers for working in core jobs at mines).

2. Safety and Health

(Tata Steel Limited, n.d.), (Tata Steel, n.d.)

 Steel is a vital material for many purposes. Steelmaking industries are of hazardous
nature, thus tata steel works on creating a workplace that does not harm the mental, physical
and social well-being of people in and around their plants.
 They work to ensure their operations are fatality free and is driven by ‘Commitment to Zero’
harm to the people they work with and the society at large.
a) Value chain depends on Elimination of Safety incidents on rail and road logistics. For making
safer and efficient infrastructure initiatives- traffic segregation and streamlining, drop gates,
transport park, smart buses, radar-based speed monitoring, and introduction of digitalisation
at gates for materials are taken.
b) Tata Steel looks after industrial hygiene and occupational health with three pillars of
prevention, promotion and reintegration. It follows the World Health Organisation’s model of
‘healthy workplace’. 
c) Air pollution control systems are installed at plants to reduce dust levels and most of
equipment’s are operated remotely, making onsite jobs safer and less tiring.
d) 'Mobi-safe' mobile application allows employees to report any unsafe condition in
workplace, also offers features for online detection of hazardous gases as well as
visual displays of the shop floor for better understanding of work processes.
Excellence in Process Safety Management is what it strives for.
e) It collaborates with external partners to understand and improve workplace
ergonomics through risk assessments, mobile equipment like cranes.

3. Financial Stakeholders
(Tata steel code of conduct, n.d.)Tata steel is committed to enhancing shareholder value and
informs their financial stakeholders about relevant aspects of business in a fair, transparent,
accurate and timely manner and discloses information as per applicable laws and standards.

4. Gifts and Hospitality

(Tata steel code of conduct, n.d.)

 Business gifts and hospitality given or received should be modest in value & appropriate but
gifts should never be received or given –
a) Gifts of cash, gold, precious metals, gifts of bribe,
b) Gifts in the form of services or other non-cash benefits (a promise of employment).
 The suppliers, people with which company operates need to assure that they neither receive
nor offer or make, directly or indirectly, any illegal payments, remunerations, gifts, donations
that are intended, or perceived to obtain uncompetitive favours.
5. Value-Chain Partners
Suppliers and service providers should not engage in money laundering, should safeguard
confidentiality on use of intellectual property and data of company, not to engage in any
financial or other relationship which creates conflict of interest, products or services supplied
should not be of unfair or misleading.

6. Consumers
 With the benefit of producing steel-recyclable material, it aims to be a responsible
steel supplier, enabling customers improve sustainability of their value chains and
products.
 Life cycle assessment (LCA), helps customers get in-depth environmental
characteristics of their products.
 (Tata Steel Automotive Suistainability, n.d.) In the automotive sector,50% of vehicle
weight made is from steel, carbon emissions would be more. Recycling rate of
automotive steel is >97%. Sustainability in automotive value chain is brought through
concept of Reuse, Remanufacture, Recycle; LCA approach is used as helps in
considering all aspects of CO2 from iron extraction, manufacture and processing steel
into parts, vehicle use and recovery, recycling at end of life; HIsarana technology is
used which will enable the product loop to be closed-automotive steel scrap
remanufactured back to new steel.

7. Environment
(Tata Steel, suistainability)

 Tata steel aims to produce steel in a carbon-neutral way by 2050.

a) It has introduced technology to re-use gases produced at Port Talbot plant to
create electricity equivalent to 10% of its needs, thereby reducing the need for
natural gas for power and reduced its CO2 emissions by nearly 3,00,000
tonnes.
b) (Tata steel, HIsarna Innovative Steelmaking Technolgy, 2019) HIsarana Technology
plant is built on Ijmuiden in Netherlands -reduces CO2 emissions by 20%,
system being highly concentrated help carbon capture and storage thereby
reducing CO2 emission by 80%, with advanced extraction system it is able to
extract quality steel from poor quality iron ore and scrap steel and also extracts
zinc coating on steel for rescue. Helps in eliminating pre-production steps,
significantly reducing energy requirements. This way, it helps tata steel make
sustainable tomorrow by achieving circular economy.
 Tata Steel promotes life-cycle thinking so that decisions are taken on the basis of
manufacture, use-phase and end-of-life phases for any material or product for which
Tata Steel was awarded a world steel ‘Steelie’ award for Excellence in Life Cycle
Assessment in 2019. Water consumption and Zero effluent Discharge practices are
also initiated.
  (Tata Steel, Natural capital)Key solid waste generated at steel plant operations are blast
furnaces and LD slag. With objective of ‘Value from Waste and By-product
management’, it has achieved 100% slag utilization. Blast furnace slag is used in
Portland slag cement making. India’s first steam ageing facility for ‘accelerated
weathering’ of LD slag was established to develop environment-friendly aggregates
for road construction replacing natural aggregates. Tata Aggreto (building roads) and
Tata Nirman (construction application) products has significantly contributed in
national highway projects and the construction industry in India.
 (Tata Steel Europe Suistainability in Packaging, n.d.) Tata Steel is the largest steel
reprocessor (recycles large volumes of used steel annually) in the UK and has a
separate department of Packaging steel recycling. Their focus is on domestic waste
stream and recycling with objective of giving customers high recycling levels at lower
recycling costs, offers end market of used steel packaging wherein used steel is
recovered from kerbside collections, incinerators, can banks and reduce the amount of
steel packaging going to landfill. Recycling rate in 2018 was 73.5% of packaging
steel in UK.

8. Communities
It ensures a green world around its mine sites with no net loss of biodiversity, Tata Steel
heritage of giving back to society what they earn is maintained through engaging in
practices like healthcare, education, environment, agriculture, etc.

 All Tata Steel mines and collieries have developed Biodiversity Management
Plans (BMPs). In the remote areas where they operate, a large part of their budget
and efforts are assigned towards creation of infrastructure for agricultural
development for sustainable livelihoods, in the form of check dams, irrigation
canals, new water tanks, etc.

 (Tata suistainability group)Their ‘1000 Schools Project’ aims to improve the

quality of education and strengthening school governance system in Odisha. Joda
place has consistently faced problems of school dropouts stemming from issues of
child labour. Through this approach, nearly 2,00,000 children (6-16 years) and
6000 pre-primary children directly benefitted and 6 entire blocks of Odisha
 became Child labour Free Zones. Through this initiative they bridge the learning
gap.

 (Harnessing Nature, Tata steel media, 2020)Regenerated forests at Noamundi Tata

Steel’s Noamundi Iron Ore Mine - Afforestation has made the restored mined-out
area habitat for local birds and animal species and local stakeholders use these
regenerated forests as a source of livelihood.

9. Media and Communication Policy

(Tata steel code of conduct, n.d.)Tata steel has its presence on social media platforms and other
forums or media. In each business there are managers appointed who should be consulted for
information to receive or give out to outside world. Communicating through any media all
employees, directors should take care that business-related information, undertakings of third
parties should not be disclosed.
 REFERENCES
(n.d.). Retrieved from Tata Steel Limited: https://www.tatasteel.com/corporate/our-organisation/tata-
group-profile/
(n.d.). Retrieved from Tata Steel Limited: https://www.tatasteel.com/corporate/our-organisation/hr/
Harnessing Nature, Tata steel media. (2020, March). Retrieved from
https://www.tatasteel.com/media/11655/forest-regeneration-niche-nesting-for-bird-
conservation-at-tata-steel.pdf
Tata Steel. (n.d.). Retrieved from
https://www.tatasteel.com/investors/integrated-report-2018-19/human-capital.html
Tata Steel Automotive Suistainability. (n.d.). Retrieved from
https://www.tatasteeleurope.com/ts/automotive/industry-themes/sustainability
Tata steel code of conduct. (n.d.). Retrieved from
https://www.tatasteel.com/media/10384/tcoc_final_english.pdf
Tata Steel Europe Suistainability in Packaging. (n.d.). Retrieved from
https://www.tatasteeleurope.com/ts/packaging/sustainability
Tata steel, HIsarna Innovative Steelmaking Technolgy. (2019, October 4). Retrieved from
https://youtu.be/DIQ3K8z6St8
Tata Steel, Natural capital. (n.d.). Retrieved from https://www.tatasteel.com/investors/integrated-
report-2018-19/natural-capital.html
Tata Steel, press releases. ( 2019, September, 2). Retrieved from
https://www.tatasteel.com/media/newsroom/press-releases/india/2019/tata-steel-becomes-the-
first-in-the-country-to-deploy-women-in-all-shifts-in-mines/
Tata Steel, suistainability. (n.d.). Retrieved from https://www.tatasteeleurope.com/ts/sustainability
Tata suistainability group. (n.d.). Retrieved from
https://www.tatasustainability.com/SocialAndHumanCapital/ThousandSchoolsProgramme
The Hindu. (n.d.). Retrieved from https://www.thehindu.com/news/national/tata-steel-asks-lgbtq-
employees-to-declare-partners-avail-hr-benefits/article30248973.ece

Declaration of Originality
We, hereby declare that this assignment titled ‘ ‘ is entirely our own work and
that any additional sources of information have been duly cited.
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