Tata Steel has been recognised for advancing intersectional gender diversity for employees and students, by the World Economic Forum (WEF). Because of its inclusive work policies and recruiting processes, upskilling and sponsorship initiatives, Tata Steel has been recognised as Global Diversity Equity & Inclusion (DEI) Lighthouse 2023 by WEF.
The efforts put in by the Company to improve gender diversity at the workplace have been selected as one of the eight case studies featured in the Global Parity Alliance: Diversity, Equity and Inclusion Lighthouses 2023 report.
The report was published at the time of the World Economic Forum 2023 in Davos, Switzerland from 16 to 20 January 2023.
The Global Parity Alliance is a cross-industry group that works to advance DE&I around the world – and the associated DEI Lighthouse Programme launched to identify proven, effective DEI initiatives from companies across industries and geographies, organised by WEF’s Centre for the New Economy and Society in collaboration with McKinsey and Company.
As per the ‘Lighthouse Report’,“Tata Steel’s case for change centred around the conviction that in order to achieve their aspiration – to be the most valuable steel organisation in the world with a ‘future ready’ and ‘pioneering’ workforce – they needed to invest in culture as a key enabler. Tata Steel’s leaders identified DEI as a central pillar of that culture because of the importance of diversity and inclusion in fueling innovation.”
The report acknowledged the challenges faced by Tata Steel, as the mining and manufacturing sector is known to be largely dominated by men, and appreciated the Company’s impact-driven approach to bring more women and members of the LGBTQIA+ community into the workforce. Its ‘25 by 25’ programme aims to have a 25 per cent diverse workforce in Tata Steel by 2025.
As for the other seven organisations that whose case studies were part of the list, EY made it with its inclusive recruiting processes and working environments for neurodivergent candidates and employees through upskilling and process redesign.
PwC was picked for social mobility for individuals from lower socio-economic backgrounds in the United Kingdom through advocacy, community development, upskilling and inclusive workplace hiring practices.
Randstad was recognized for economic empowerment for at-risk women in the US through upskilling and opportunity creation.
Schneider Electric featured in the list for pay equity across all offices, in over 100 countries, with a global-local compensation framework, supported by a robust governance and automated analytics.
Shiseido was recognised for accelerating gender parity, at board and executive-management levels, for women employees in the Japan office and business community, through inclusive work policies, upskilling and community impact.
Limak was chosen for its gender parity in science, technology, engineering and mathematics (STEM) professions, for women and girls in Türkiye and Kuwait, through upskilling and opportunity creation.
Walmart also made it to the list for the way it ensures social mobility for associates (employees) in the US through free, career-enhancing education and upskilling.
Tata Steel, along with its subsidiaries, associates, and joint ventures, is spread across five continents with an employee base of over 65,000.
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