Tata Steel recognised as “GOLD” employer by India Workplace Equality Index 2022
Mumbai, January 03, 2023
~ Received the recognition for the second consecutive year ~
Tata Steel has been recognised as a “GOLD” employer for the second consecutive year by India Workplace Equality Index (IWEI) 2022. The Gold Award winner is assigned to employers who have successfully embedded LGBT+ inclusion in their policies, hiring practices, external communication, demonstrating a long-term and in-depth commitment towards LGBT+ inclusion. Jaya Singh Panda, Chief Diversity Officer, Tata Steel, received the award from Padma Shri Awardee Manjamma Jogathi, an artist and a cultural icon.
Tata Steel has featured in the “GOLD” employer ranking for the second consecutive year. Earlier, the Company received “Global” employer recognition in 2021 and “Silver” employer recognition in 2020, the year when this prestigious ranking was instituted.
Atrayee Sanyal, Vice President, HRM, Tata Steel said: “We are honoured to receive the “GOLD” employer recognition for the second year in a row. Tata Steel, with its target to achieve 25% diversity by 2025, has been a pioneer within the steel and manufacturing sector in India in actively nurturing an inclusive workplace that recognises the value of its human capital with no tolerance for any biases, and fostering a culture of meritocracy. We will continue to invest in people, processes, and the supporting ecosystem to create an inclusive workplace of tomorrow.”
With a score of 75 out of a maximum of 100 in the IWEI 2022, Tata Steel is among a handful of leading employers in the country that bagged the “GOLD” employer status. The Company is also the only steel manufacturer and among the few manufacturing companies to be accorded the highest ranking possible in the latest edition of IWEI.
Tata Steel is committed to its D&I vision: “To make Tata Steel a truly world class organisation that respects uniqueness of individuals to create a diverse and inclusive atmosphere in order to be competitive in business by having access to a larger talent pool”. Since 2015, Tata Steel’s talent hiring, and retention efforts have been enshrined in MOSAIC to create a diverse and inclusive workplace. The Company has also worked consciously in overcoming barriers and has demonstrated its commitment through pioneering policies and initiatives such as equal benefits for LGBT+ partners which goes beyond just coverage for medical benefits and includes benefits like honeymoon package, health care and gender transition support for employees, gender neutral parental leaves, structured interventions for actively scouting opportunities for LGBT+ talent, interventions for educating and breaking gender stereotypes for employees, Wings – Company’s employee resource group, Indradhanush – the online safe space for LGBT+ workforce and allies to connect and more.
IWEI is India’s first comprehensive benchmarking tool for employers to measure their progress on lesbian, gay, bi, and trans (LGBT+) inclusion in the workplace. The index measures nine areas: policies and benefits, employee lifecycle, employee network group, allies and role models, senior leadership, monitoring, procurement, community engagement and additional work.
About Tata Steel
Tata Steel group is among the top global steel companies with an annual crude steel capacity of 34 million tonnes per annum. It is one of the world’s most geographically diversified steel producers, with operations and commercial presence across the world. The group recorded a consolidated turnover of US $ 32.83 billion in the financial year ending March 31, 2022.
A Great Place to Work-CertifiedTM organisation, Tata Steel Limited, together with its subsidiaries, associates, and joint ventures, is spread across five continents with an employee base of over 65,000. Tata Steel has been a part of the DJSI Emerging Markets Index since 2012 and has been consistently ranked amongst top 10 steel companies in the DJSI Corporate Sustainability Assessment since 2016. Besides being a member of ResponsibleSteelTM, worldsteel’s Climate Action Programme and World Economic Forum’s Global Parity Alliance, Tata Steel has won several awards and recognitions including the World Economic Forum’s Global Lighthouse recognition for its Jamshedpur, Kalinganagar and IJmuiden Plants, and Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17. The Company, ranked as India’s most valuable Metals & Mining brand by Brand Finance, featured amongst CII Top 25 innovative Indian Companies in 2021 and top 10 sustainable organisations of India Hurun Research Institute in the 2021 Capri Global Capital Hurun India Impact 50, received Steel Sustainability Champion recognition from worldsteel for five years in a row, ‘Most Ethical Company’ award 2021 from Ethisphere Institute, RIMS India ERM Award of Distinction 2021, Masters of Risk – Metals & Mining Sector recognition at The India Risk Management Awards for the sixth consecutive year, and Award for Excellence in Financial Reporting FY20 from ICAI, among several others.
To know more, visit www.tatasteel.com and WeAlsoMakeTomorrow
Statements in this press release describing the Company’s performance may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company’s operations include, among others, economic conditions affecting demand/ supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/ or other incidental factors.
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