Tata Steel recognised as 2022 ‘Supplier Engagement Leader’ by CDP

TBB BUREAU

MUMBAI, MAR 22, 2023

Tata Steel has been recognised as 2022 ‘Supplier Engagement Leader’ by CDP, a global environmental non-profit charity, for its efforts in measuring and reducing environmental risks across its supply chain. This achievement marks the third time in the last four years that the Company has been rated at the highest level by its suppliers.

Tata Steel is among the top 8 per cent assessed for supplier engagement on climate change, based on its 2022 CDP disclosure. The recognition reflects the Company’s commitment to implementing sustainable practices across its supply chain and for its efforts in engaging and collaborating with customers, suppliers, regulators, policymakers, and other relevant stakeholders to accelerate the transition to low carbon economy. The Supplier Engagement Rating (SER) is an initiative by CDP that measures the efforts of companies to engage with their suppliers on climate change. The SER assesses companies on their performance on governance, targets, Scope 3 emissions, and value chain engagement in the CDP climate change questionnaire. Tata Steel’s engagement practices have been recognised as exemplary, with its efforts receiving the highest rating ‘A’.