Tata Steel has been rated “A” and is listed as 2021 ‘Supplier Engagement Leader’ by CDP, a global environmental non-profit charity, for its initiatives to reduce GHG emissions and tackle climate-change risks across its supply chain. This is the second time in three years that the Company has been included on the Global Leaderboard.
Over the last three decades, Tata Steel has made concerted efforts in various areas including supply chain to mitigate climate change and manage climate risks. Tata Steel launched its Responsible Supply Chain Policy in FY20 to encourage supply chain partners to integrate sustainability principles in their decisions and processes. The Company works in collaboration with its supply chain partners towards promoting sustainable business practices for a better planet.
Peeyush Gupta, Vice President, Supply Chain, Tata Steel, said: “As part of our vision to be the global steel industry benchmark in value creation and corporate citizenship, we are committed towards climate action and adopting sustainable practices across our value chain. We will continue to engage with our supply chain partners and encourage them to adopt and maintain management practices to improve their energy & resource efficiency and environmental performance. We have also taken several initiatives over the last two years to lower Scope 3 carbon emissions and have plans to significantly reduce our footprint in future.”
Sonya Bhonsle, Global Head of Value Chains & Regional Director Corporations, CDP, said: “Our data shows that companies currently have blinkers on when it comes to assessing their indirect impacts and engaging with suppliers to reduce them. Companies must act urgently to cascade action and manage environmental impacts throughout their supply chains to scale the level of action to secure a 1.5°C future. As a Supplier Engagement Leader, Tata Steel is a trailblazer driving the transition towards a sustainable net-zero future.”