The Business Bytes
PRIYABRAT BISWAL
BHUBANESWAR, DEC 28
Even as Tata Steel expands its manufacturing footprint in India through organic and inorganic growth, it continues to remain committed to the cause of the environment and sustainability.
Over the last few years, the steel behemoth has made considerable progress on several environmental parameters. Those include 100 per cent solid waste utilisation, greenhouse gas emission intensity of 2.31t CO2/tcs and effluent discharge intensity of 0.73m3/tcs. Tata Steel has set for itself a CO2 emission target of 2tCO2/tcs by the year 2025.
“We strive for excellence in environment performance and resource efficiency to mitigate our ecological footprint. Through our corporate governance policies and frameworks, we embed sustainability in all we do,” Company sources said.
Tata Steel is already a signatory to the Task Force on Climate Related Financial Disclosure (TCFD) and has undertaken a climate change risk assessment study in accordance with TCFD recommendations. Specific mitigation and contingency plans for each of the identified risks are being integrated with the Company’s long-term strategy.
Tata Steel is also focused on transitioning to lower carbon-intensive operations. The Company’s recent foray into the steel recycling business is primarily aimed at promoting sustainable steelmaking and creating a circular economy for steel.
