CSR @ TATA STEEL

Pulkit Gupta Section-C Roll No-13DM142

Responsible Development

◦ The Tata Steel group’s core purpose is “To improve the quality of life ofthe communities we serve through long-term stakeholder valuecreation”.

◦ At Tata Steel, sustainable development and inclusive growth isfacilitated by the Corporate Social Responsibility (CSR) departmentthrough its operating arms i.e., the Tata Steel Rural DevelopmentSociety (TSRDS), the Tata Steel Family Initiative Foundation (TSFIF), theTata Steel Tribal Cultural Society(TSTCS) and the Tata Steel SkillDevelopment Society (TSSDS).

◦ Its initiatives span health, education, sports, sustainable livelihoods,drinking water, renewable energy (solar street lights), employabilitytraining and ethnicity.

Sustainability Impacts

Classification of Social Responsibility Responsibility towards itself:

◦ It is the responsibility of each corporate entity run business and to work towardsgrowth, expansion and stability and thus earn profits. If the corporation is to achievesocial and economic ends, organizational efficiency should be boosted up.

Responsibility towards Employees:

◦ Employees are the most important part of an organization. Following are some of theresponsibilities which a business entity has towards its employees-

◦ Timely payment

◦ Hygienic environment

◦ Good and impartial behavior

◦ Health care through yoga

◦ Recreational activities

◦ Encouraging them to take part in managerial decisions

Classification of Social Responsibility Responsibility towards shareholders:

It is the responsibility of corporate entity to safeguard the shareholders‘ investment andmake efforts to provide a reasonable return on their investment.

Responsibility towards state:

Out of the profit available, the state is entitled to a certain share as per the income taxlaws. Utmost transparency has to be exerted regarding the profit &loss account and thebalance sheet.

Responsibility towards consumers:

The Company should maintain high quality standards at reasonable prices. It should notresort to malpractices such as hoarding and black-marketing.

Responsibility towards environment:

It is the responsibility of the organization to contribute to the protection ofenvironment. It should produce eco -friendly products. Moreover, industrial wastemanagement must be taken care of.

Significant CSR Achievements, FY 2013-14:

◦ A CSR Advisory Council was set up with eminent names from academia andthe development sector to guide the Company’s approach towards CSR.

◦ Project MANSI on maternal and new born survival, which is underway in 167villages of Seraikela district, has brought down the infant mortality rate by26.5% and neonatal mortality rate by 32.7%.

◦ Project RISHTA on adolescent health was scaled up from Seraikela Kharsawanto other operational areas of the Company and is now being implemented in700+ villages across 7 districts in Jharkhand and Odisha.

◦ To provide healthcare services to deprived communities, Tata Steel inpartnership with Hewlett Packard set up an E-health centre at Bagbera inJamshedpur. Patients are catered to by doctors sitting at a distant locationusing real time technology solutions.

Achievements continued..

◦ Jyoti Fellowship was given to nearly 3,000 meritorious students fromthe SC/ST communities across Jharkhand, Chhattisgarh and Odisha.

◦ The Company partnered with several organisations to set up skilldevelopment centres for IT, hospitality, textile, cosmetology etc.

◦ To empower farmers of Patamda, a Market Yard was set up in January2014 to provide options to aggregate and market the agricultureproduce at a fair price.

◦ Under the solar street light project, nearly 2,300 solar street lights wereinstalled in villages of Jharkhand and Odisha.

◦ Nearly 10,000 youth learned tribal scripts for Ho, Santhali and Oraonlanguages.

CSR projects in the pipeline

◦ It include the 1,000 schools project in Odisha, aimed to improve thequality of education in government primary schools;

◦ A model school for underprivileged communities in Jharkhand;

◦ Skill development centres in Jaipur, Gopalpur and Jamshedpur; and

◦ Two more hospitals at Gopalpur and Kalinganagar