Tata Steel has further enhanced its commitment to sustainability and responsible business practices with its Kalinganagar and Meramandali plants in Odisha receiving the esteemed Responsible Steel certification. This recognition solidifies Tata Steel's position as a frontrunner in the global steel industry's journey toward sustainability.
Responsible Steel is an international initiative aimed at promoting sustainability within the steel industry. It collaborates with various stakeholders, including steel producers, consumers, and intermediaries, to address pressing issues such as climate change, diversity, and human rights. The certification process is rigorous, involving an extensive review by independent external assessors of a site's policies and practices.
T.V. Narendran, CEO and Managing Director of Tata Steel, emphasized that this certification is a testament to the company’s dedication to sustainability. It signifies Tata Steel's proactive approach in confronting contemporary challenges within the steel industry while aspiring to create a more sustainable future. The company has set an ambitious goal to have all its steel-making sites in India certified by 2025, with three facilities in Jamshedpur already having achieved certification in October 2022.
With the inclusion of the Kalinganagar and Meramandali plants in the Responsible Steel-certified network, Tata Steel now boasts over 90% of its steel production in India under this certification. This accomplishment not only highlights Tata Steel’s commitment to responsible business practices and environmental stewardship but also establishes a benchmark for the industry in India and worldwide.
Tata Steel's achievement in obtaining the Responsible Steel certification for its Odisha plants marks a significant milestone in its sustainability journey. It reflects the company's proactive stance in addressing the challenges faced by the steel industry and its commitment to shaping a responsible and sustainable future.
Q1. What is Responsible Steel certification?
Answer: Responsible Steel certification is an international initiative that promotes sustainable practices in the steel industry by assessing companies against rigorous environmental, social, and governance standards.
Q2. Why is Tata Steel's certification important?
Answer: Tata Steel's certification highlights its leadership in sustainability, setting industry benchmarks, and reinforcing its commitment to responsible business practices in steel production.
Q3. What are the benefits of responsible steel production?
Answer: Responsible steel production helps mitigate climate change, promotes diversity, ensures human rights, and fosters environmental stewardship, benefiting both society and the industry.
Q4. How many Tata Steel plants are certified?
Answer: As of now, Tata Steel has over 90% of its production in India certified under Responsible Steel, including its Kalinganagar and Meramandali plants.
Q5. What is Tata Steel's goal for certification by 2025?
Answer: Tata Steel aims to have all its steel-making sites in India certified by 2025, further enhancing its commitment to sustainable practices in the industry.
Question 1: What is the primary focus of Responsible Steel certification?
A) Enhancing steel production
B) Promoting sustainability in the steel industry
C) Increasing profits for steel companies
D) Reducing workforce in steel plants
Correct Answer: B
Question 2: Who is the CEO of Tata Steel?
A) Ratan Tata
B) T.V. Narendran
C) N. Chandrasekaran
D) Mukesh Ambani
Correct Answer: B
Question 3: What percentage of Tata Steel's production is certified under Responsible Steel?
A) 50%
B) 70%
C) 90%
D) 100%
Correct Answer: C
Question 4: By what year does Tata Steel aim to certify all its steel-making sites in India?
A) 2023
B) 2024
C) 2025
D) 2026
Correct Answer: C
Question 5: Which plants of Tata Steel received the Responsible Steel certification?
A) Jamshedpur
B) Kalinganagar and Meramandali
C) Durgapur
D) Bokaro
Correct Answer: B
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