Tata Steel Leading the Charge Towards Sustainability
Bhubaneswar: In the human history, our connection with the Earth has been likened to that of children nurtured by a loving mother. The Earth, with its abundant resources and diverse ecosystems, has sustained us for generations. However, the unchecked exploitation of these gifts has strained the planet’s capacity to replenish itself, leading to environmental degradation and imbalance.
Recognizing the urgent need for change, Tata Steel has emerged as a beacon of sustainability in the global landscape. With a commitment to responsible practices, the company is pioneering innovative solutions to reduce its environmental footprint and pave the way for a greener future.
Reducing Carbon Footprint:
Tata Steel is at the forefront of efforts to minimize carbon emissions, aligning with the Tata Group’s ambitious goal of achieving Net Zero emissions by 2045 through Project “Aalingana”. Embracing a circular economy approach, the company is not only decarbonizing its operations but also focusing on reducing resource consumption and waste.
From implementing Electric Arc Furnace (EAF) based steel plant in Ludhiana with minimal carbon footprints to trialling hydrogen injection in blast furnaces, Tata Steel is leading the charge in sustainable steelmaking. The recent green steelmaking trial at the Jamshedpur Works, where hydrogen gas was injected into a blast furnace, marks a significant milestone in the company’s journey towards carbon neutrality.
Going Green:
The company’s steel plant at Kalinganagar has achieved a significant 33% green cover in compliance with statutory requirements while maintaining zero effluent discharge. Utilising innovative techniques such as the Miyawaki plantation methodology, Tata Steel has planted around 8 lakh saplings to create denser plantations in and around Kalinganagar. Additionally, the plant has achieved 100% solid waste utilisation and implemented measures to optimise water usage, reducing freshwater consumption.
Optimising Resources:
In its endeavour to optimise resource utilisation and promote eco-friendly operations across its facilities, the company has installed Industrial Vacuum Cleaning Systems (IVCS) and Dust Extraction (DE) systems at its Kalinganagar steel plant to minimise fugitive emissions. Furthermore, the Plant is progressing towards installing a 19 MW capacity solar power panel and has embraced sustainability through the Go-Green initiative by incorporating 15 electric vehicles for employee transportation.
Preserving Biodiversity:
As part of its commitment towards the environment, the company has renovated a 9.5-acre pond in Odapada village near Tata Steel Meramandali has increased water conservation capacity, benefiting 600 individuals. Through stakeholder engagement and expert consultation, Tata Steel has developed Biodiversity Management Plans (BMP) for 17 sites, with plans to extend coverage to all sites soon. The company has planted 2,00,000 trees across its locations between April 2023 and January 2024.
Industry Leadership and Collaboration:
In FY 2022-23, Tata Steel achieved a significant milestone by attaining 100% solid waste utilisation at its Kalinganagar, Meramandali and Jamshedpur units, demonstrating its proactive approach towards waste management and sustainability. It has also forged partnerships with various institutions and organisations, such as the Indian Institute of Technology (IIT) Madras and the Indian School of Mines, Dhanbad, to pioneer ground-breaking technologies. The Company is also promoting sustainability through its flagship start-up engagement programme, Innoventure, with 55% of its current engagements focused on sustainability and decarbonisation.
Disclaimer
Statements in this press release describing the Company’s performance may be “forward-looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company’s operations include, among others, economic conditions affecting demand/ supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/ or other incidental factors.
For queries and information
Sarvesh Kumar, Chief Corporate Communications, Tata Steel, sarvesh.kumar@tatasteel.com
About Tata Steel
Tata Steel group is among the top global steel companies with an annual crude steel capacity of 35 million tonnes per annum.
It is one of the world’s most geographically diversified steel producers, with operations and commercial presence across the world.
The group recorded a consolidated turnover of ~US$30.3 billion in the financial year ending March 31, 2023.
A Great Place to Work-CertifiedTM organisation, Tata Steel Limited, together with its subsidiaries, associates, and joint ventures, is spread across five continents with an employee base of over 77,000.
Tata Steel has announced its major sustainability objectives including Net Zero Carbon by 2045.
The Company has been on a multi-year digital-enabled business transformation journey intending to be the leader in ‘Digital Steel making by 2025’. The Company has received the World Economic Forum’s Global Lighthouse recognition for its Jamshedpur, Kalinganagar, and IJmuiden Plants.
Tata Steel aspires to have a 25% diverse workforce by 2025. The Company has been recognised with the World Economic Forum’s Global Diversity Equity & Inclusion Lighthouse 2023.
The Company has been a part of the DJSI Emerging Markets Index since 2012 and has been consistently ranked amongst top 10 steel companies in the DJSI Corporate Sustainability Assessment since 2016.
Tata Steel’s Jamshedpur Plant is India’s first site to receive ResponsibleSteelTM Certification. Subsequently, its Kalinganagar and Meramandali plants have also received the certification. In India, Tata Steel now has more than 90% of its steel production from ResponsibleSteelTM certified sites.
Received Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17, 2023 Steel Sustainability Champion recognition from worldsteel for six years in a row, 2022 ‘Supplier Engagement Leader’ recognition by CDP, Top performer in Iron and Steel sector in Dun & Bradstreet’s India’s top 500 companies 2022, Ranked as the 2023 most valuable Mining and Metals brand in India by Brand Finance, ‘Most Ethical Company’ award 2021 from Ethisphere Institute, and ‘Best Corporate for Promotion of Sports’ recognition at the Sportstar Aces Awards 2024.
Received the 2023 ERM (Enterprise Risk Management) Award of Distinction at the RIMS ERM Conference 2023, ‘Masters of Risk’ – Metals & Mining Sector recognition at The India Risk Management Awards for the seventh consecutive year, and Award for Excellence in Financial Reporting FY20 from ICAI, among several others.
