Tata Steel

No leading practices were identified for this company.

No leading practices were identified for this company.

No leading practices were identified for this company.

No leading practices were identified for this company.

Tata Steel has provided total emissions and activity data necessary for emissions intensity calculations. It has also set a goal for achieving net-zero emissions by 2045. However, Tata Steel does not disclose any explicit emissions targets related to its scope 1, 2 or 3 emissions. The company is consistent in its reporting of a breakdown of its emissions and third-party verification. However, it does not clarify what entities are included and considered as key subsidiaries and joint ventures when reporting the scope of its emissions data.

Tata Steel’s low-carbon transition plan, with an ambitious target to achieve net zero by 2045, covers its operations across India, Europe, the Netherlands and the UK. Furthermore, the company has detailed mitigation methods for various climate-related risks and describes their potential impact on its financial planning. The company measures suppliers’ scope 3 emissions and is taking initiatives in shipping and logistics, as well as with vendors, to reduce these emissions, aiming for a sustainable supply chain. However, to enhance the effectiveness of these initiatives, the company should quantify its emissions reduction requirement for suppliers. In addition, there is no evidence of the company having a process for reviewing and updating its transition plan or for reporting its progress on the plan.

Tata Steel provides transparent disclosures regarding its research and development (R&D) expenditure for the past three years, covering R&D investments in low-carbon technologies, including both mature- and non-mature climate technologies. Additionally, the company discloses its total revenues and revenues from low-carbon activities. However, there is no evidence of the company’s corporate-level strategy to reduce scrap within its operations. Furthermore, the company lacks disclosure regarding its activities related to selling or reusing co-products and waste within its operations and the upstream phases of its value chain.

The company promotes sales of low-carbon steel as a key focus in its customer engagement. It also runs a campaign promoting innovation to reduce climate change impacts, reaching all its customers. It conducts workshops for automotive customers, advising them on the appropriate steel grades to aid in carbon dioxide reduction. Furthermore, it supports key climate policies and engages with policymakers, aligning its efforts with the Paris Agreement goals. It has collaborated with the Science Based Targets initiative (SBTi) to develop guidance for the steel sector. However, Tata Steel does not disclose the quantitative impact of its business engagement efforts on clients’ emissions. There is also no evidence of the company having a formal policy for engaging with climate-focused alliances, associations, coalitions or think tanks, indicating an area for potential improvement in its climate strategy.

Tata Steel aims to achieve net zero by 2045. However, the company does not commit to any explicit emissions targets related to its scope 1, 2 or 3 emissions.

Tata Steel is establishing a circular economy for steel in India through initiatives like the Steel Recycling Business and technologies like HIsarna direct smelting to reduce the carbon footprint of steel production. However, the company lacks a quantitative target for emissions reduction. Furthermore, its association with the board of the European Steel Association also undermines the credibility of the company’s transition plan.

The company emphasises selling low-carbon steel as a key focus in its customer engagement and runs a campaign promoting innovation to reduce climate change impacts. However, it has not disclosed the quantitative impact of this campaign on clients’ emissions. The company has provided emissions data from 2017, which shows an increasing trend.

Tata Steel discloses its projects to replace the primary steelmaking process with green steel production using Direct Reduced Iron (DRI) and electric furnace technology that runs on hydrogen. Furthermore, it discloses its investments in several projects to support the growth of scrap use. These actions shows that the company is expanding its low-carbon business models to transition towards a circular economy.

Tata Steel’s transition plan, with an ambitious target to achieve net zero by 2045, covers its operations across India, Europe, the Netherlands and the UK. However, the company does not disclose specific emissions targets.

No evidence was found of the company’s commitment to social dialogue or of the categories of stakeholders the company engages with on a just transition. Furthermore, no evidence was found to demonstrate the company’s ongoing social dialogue and meaningful engagement with affected stakeholders.

No evidence was found of the company undertaking low-carbon transition planning to mitigate the social impacts of the transition on workers, affected stakeholders and its business relationships. Additionally, no evidence was found to demonstrate the company’s engagement in social dialogue and with stakeholders in its just transition planning.

No public commitment by the company was found stating its intention to create and support access to green and decent jobs as part of the low-carbon transition. Moreover, no evidence was found of the company’s action to promote these jobs in a way that ensures gender balance and inclusion of vulnerable groups.

No relevant disclosure was found of the company’s assessment of employment dislocation risks. There is evidence of the company having a public commitment stating its intention to reskill and upskill workers displaced by the transition to a low-carbon economy. However, no evidence was found that the company reskills and upskills workers in a way that ensures gender balance and inclusion of vulnerable groups.

No relevant disclosure was found to show if the company identifies the impacts of the low-carbon transition on social protection for workers and affected stakeholders, nor how it contributes to their social protection. Additionally, no evidence was found that the company expects its business relationships to contribute to the social protection of their workers and affected stakeholders.

No relevant disclosure was found to show how the company identifies any misalignment of its lobbying activities with policies and regulations that support the just transition, nor of the measures it takes to address misalignment. Furthermore, no evidence was found that the company lobbies for policies and regulations for green and decent job creation; retention, education and reskilling; and social protection for workers.

While the company commits to respecting human rights, no evidence was found of the company having a commitment to respect the ILO fundamental rights at work. Furthermore, no evidence was found of the company’s process to identify, assess and mitigate salient human rights risks in its own operations and supply chain. Moreover, no evidence was found of the company disclosing the stakeholders whose human rights have been affected by its activities. The company does have a grievance mechanism available to workers and external stakeholders.

The company commits to respecting the health and safety of its workers and expects the same commitment from its business relationships. However, no evidence was found of the company having a time-bound target for paying all workers a living wage. There is no evidence that the company discloses the proportion of its direct workforce covered by collective bargaining agreements or its required working hours. The company discloses some indicators of workforce diversity, such as gender. However, no relevant disclosure was found of additional indicators of workforce diversity. The company commits to promoting gender equality and women’s empowerment.

The company commits to protecting personal data and has a privacy statement regarding the collection, sharing and access to personal data. While the company discloses its global tax strategy, no relevant disclosure was found of the corporate income tax it pays in each relevant jurisdiction. The company also has a policy prohibiting bribery and corruption, and it includes corresponding clauses in its business relationship contracts. However, it does not have a lobbying and political engagement policy. It does specify that it does not make political contributions. Yet, no relevant disclosure was found of the company’s expenditure on lobbying activities.