Tata Steel has been recognised as one of the World’s Most Ethical Companies for 2020, by the Ethisphere Institute, a global organisation that defines and measures corporate ethical standards of business and promotes ethical business practices. This is the ninth time that Tata Steel has been conferred this coveted recognition. This year’s list of honorees spans 21 countries and 51 industries, and includes 14 first-time honorees and seven companies that have been named in the list every year since its inception.
The world’s most ethical companies’ assessment process includes more than 200 questions on culture, environmental and social practices, as well as ethics, compliance and governance activities. In addition, the diversity initiatives taken by an organisation to support a strong value chain are also factored in. The process serves as an operating framework to capture and codify the leading practices of organisations across industries and around the globe.
T. V. Narendran, CEO & MD, Tata Steel, says, “We are honoured to be once again recognised as one of the World’s Most Ethical Companies. This recognition encourages us to stay committed to the values and operating principles as practised by the visionary Founder leaders of the Tata Group. The Tata name evokes a sense of trust, credibility, and integrity amongst stakeholders in India and overseas. It is a privilege to be part of the legacy and to build on this equity, which has been earned so assiduously through our ethical conduct through the years.”