Company Directory - Tata Steel Limited
Company Details - Tata Steel Limited
Tata Steel Limited
WebsiteMumbai, India
ISIN: INE159A01021
Tata Steel Limited is one of the world’s largest steel manufacturers and a core company of the Tata Group. It operates a range of integrated steel production facilities serving various industries globally, with a legacy of innovation and a commitment to sustainable development.
CCI Score
CCI Score: Tata Steel Limited
10.36
-0.01%
Latest Event
Allegations of Displacement, Collusion, and Environmental Damage at Tata Steel
Recent allegations against Tata Steel Limited accuse the company of displacing local communities, colluding with police violence, and causing environmental damage. These claims raise serious concerns about the company's ethical business practices and its involvement in politically repressive activities.
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SABOTEUR
Tata Steel Limited is currently rated as a Saboteur.
Latest Events
- JAN012025
Recent allegations against Tata Steel Limited accuse the company of displacing local communities, colluding with police violence, and causing environmental damage. These claims raise serious concerns about the company's ethical business practices and its involvement in politically repressive activities.
-50
Public and Political Behavior
March 23
Allegations of collusion with police violence indicate that Tata Steel may be engaging in practices that undermine democratic norms and enable authoritarian behavior. This negative public and political behavior is particularly concerning in the context of rising fascism, reflecting a disregard for the rights of citizens and community safety.
-60
Business Practices and Ethical Responsibility
March 23
The allegations of forced displacement and environmental degradation highlight serious lapses in Tata Steel's commitment to ethical business practices and corporate responsibility. Such behavior not only harms local communities and ecosystems but also contributes to a broader pattern of corporate complicity in systemic oppression.
- SEP232024
Tata Steel has implemented a new collective labor agreement effective October 1, 2023. This agreement is seen as a positive step towards enhancing labor rights and improving worker conditions, bolstering the company's commitment to fair labor practices and resistance to authoritarian exploitation.
+70
Labor Relations and Human Rights Practices
March 23
The introduction of the new collective labor agreement indicates Tata Steel's efforts to strengthen labor rights and improve working conditions. Such initiatives empower workers and reduce the likelihood of exploitative practices, aligning with anti-fascist values by promoting fair treatment and resisting authoritarian labor suppression.
Tata Steel: The new collective labor agreement booklet 2023-2025
- SEP132024
The UK government has warned that it can reclaim £500 million in funding from Tata Steel if the company fails to meet key commitments, including investing in new steel industry projects and providing improved redundancy terms and skill enhancement packages for employees.
-30
Labor Relations and Human Rights Practices
March 23
The conditional threat by the UK government to reclaim funding underscores serious concerns over Tata Steel's approach to labor relations and employee welfare. The requirement for enhanced redundancy terms and skill development packages points to a deficiency in the company’s commitment to robust labor rights, reflecting broader issues of ethical responsibility in business practices. This event highlights potential corporate negligence in safeguarding worker rights, a key area of concern for anti-fascist and social justice advocates.
- SEP112024
Tata Steel Limited finalized a revised deal with the UK government for a £500-million grant funding for its green steel project in Port Talbot, which includes enhanced worker support measures such as voluntary redundancy payouts, retention bonuses, and upskilling programs. The agreement, negotiated under the new Labour administration, showcases a corporate and governmental effort to boost worker protection amid a major technological shift in steel production.
+30
Public and Political Behavior
March 23
Under Public and Political Behavior, Tata Steel demonstrated a proactive engagement by renegotiating the terms of the previously set agreement. The revised deal, steered by the Labour government, emphasizes worker protection and improved benefits, indicating a positive stance in the public sphere and political accountability. This reflects a moderate commitment to public interest in the face of necessary corporate restructuring.
Tata Steel reaches deal with UK govt over £500 million grant funding
+40
Labor Relations and Human Rights Practices
March 23
Within the scope of Labor Relations and Human Rights Practices under Business Practices and Ethical Responsibility, the deal incorporates significant worker support mechanisms such as a minimum voluntary redundancy payout, retention bonus, and comprehensive training programmes. While the shift to electric furnaces inherently reduces job numbers, the enhanced compensation and retraining programs demonstrate an effort to mitigate adverse impacts on employees, warranting a moderately positive score.
Tata Steel reaches deal with UK govt over £500 million grant funding
- SEP112024
The UK government has confirmed a £500m subsidy for Tata Steel to build a greener electric furnace at its Port Talbot plant. While this deal is aimed at modernizing steel production, it comes with serious concerns, including immediate redundancies for around 2,500 workers and additional future job losses, raising questions about the company's commitment to ethical labor practices and the politicization of corporate support.
- JAN162023
Tata Steel was recognized as a Global Diversity Equity & Inclusion (DEI) Lighthouse 2023 by the World Economic Forum for its robust initiatives in promoting workplace diversity, inclusivity, and the active participation of union members. This recognition highlights Tata Steel’s efforts to foster an environment that counters exclusionary, authoritarian practices through ethical business practices and inclusive policies.
+80
Business Practices and Ethical Responsibility
March 23
Tata Steel’s commitment to diversity, equity, and inclusion is clearly demonstrated by its recognition as a Global DEI Lighthouse by the World Economic Forum. The company has implemented systemic initiatives to improve gender diversity and support underrepresented groups, which not only enhance corporate ethical responsibility but also serve as a counteraction to the exclusionary practices promoted by authoritarian regimes. The active role of union members further underscores its commitment to fair labor practices.
- MAR012022
Tata Steel demonstrates a robust commitment to human rights through its ethical use of security forces, comprehensive grievance systems, regular audits of security contractors, and adherence to international standards like ISO 18788:2015. These actions reflect a positive approach to labor relations and human rights practices, contributing to ethical business practices.
+70
Labor Relations and Human Rights Practices
March 23
The article outlines Tata Steel's proactive measures to safeguard human rights, including ethical guidelines for security operations, a confidential grievance system, and regular assessments ensuring compliance with international human rights standards. This reflects a strong commitment to labor relations and human rights practices within the broader framework of business practices and ethical responsibility.
- JAN012020
Tata Steel Limited reaffirms its commitment to fair practices and ethical business conduct by implementing the Tata Code of Conduct (TCOC), which outlines clear principles and standards governing the actions of the company and its employees.
+70
Business Practices and Ethical Responsibility
March 23
Tata Steel's adoption of its comprehensive Code of Conduct is a positive signal of its commitment to upholding fair practices and ethical responsibility in its business operations. This framework helps ensure transparency and accountability, aligning with anti-fascist values by discouraging practices that could support authoritarian tendencies.
- DEC312018
An ADR report identified that the Tata Group-backed Progressive Electoral Trust was the largest corporate donor to political parties in 2018-19, with significant funds flowing to the BJP. As a core member of the Tata conglomerate, Tata Steel is thereby associated with financial support for political forces that underpin authoritarian practices.
-80
Political Contributions and Lobbying Efforts
March 23
The Tata Group-backed Progressive Electoral Trust, of which Tata Steel is a key component, emerged as the largest donor to political parties during the 2018-19 cycle by funneling vast sums—predominantly to the BJP. This pattern of political contribution supports a political environment that bolsters authoritarianism and undermines democratic accountability.
Tatas are the largest political donors, BJP biggest recipient: ADR report
- JUN041956
The article highlights Tata Steel's long history of maintaining harmonious industrial relations with its workforce, emphasizing its collaborative approach with the Tata Workers' Union (TWU) and progressive labor practices dating back nearly a century.
+90
Labor Relations and Human Rights Practices
March 23
Tata Steel has demonstrated exemplary commitment to labor rights and human dignity through its longstanding and cooperative relationship with its workforce and union. The company’s history of peaceful negotiation, beneficial collective bargaining agreements, and absence of industrial strikes since 1928 indicate strong, ethical labor practices that contribute positively to undermining authoritarian exploitation in the workplace.
Industrial Relations In Tata Steel: A Detailed Overview - Shubham From XLRI
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