Ethical behaviour is intrinsic to the way we conduct our business and is part of our legacy from the founder of the Tata Group, Jamsetji Tata, who believed that business must operate in a way that respects the rights of all its stakeholders and creates an overall benefit for society.
We believe in adopting the best practices in terms of corporate governance that have been and continue to be developed. The company conducts all aspects of its business with full transparency and accountability.
As part of the Tata Steel group, we regularly review and update our risk management system to address the complex risks faced across our business.
Our risk management process is assured through the group’s corporate assurance and risk management functions.
Business Ethics And Code of Conduct
We do not tolerate corrupt or fraudulent practices. We expect honesty, integrity and transparency in all aspects of our business from our employees, contractors and other business counterparts.
Our ethical principles are clearly and unambiguously articulated in the Tata Code of Conduct, to which all Tata Group companies subscribe.
We respect all human rights both within and outside the workplace. The Tata Code of Conduct stipulates that all employees have a personal responsibility to help preserve the human rights of everyone at work and in the wider community.
The Tata Code of Conduct
The TCOC is a testament to Tata Steel’s determination to help its employees in every way to understand their duties and commitments towards shared values and principles. The comprehensive document serves as the ethical road map for Tata employees and Group companies.
National Interest being given foremost importance, The Code also embodies such values as clarity of communication, transparency, respect for others and an ethical approach in conducting business, all of which contribute towards building team spirit and enhance integrity in the Company’s involvement with all stakeholders.
The TCOC has added significance in the Group’s aspiration to be the global industry benchmark for value creation and corporate citizenship. It highlights the importance of group efforts in improving the quality of life of the people in the communities in which it operates. This includes the understanding that in the process of production and sale of its products and services, the Company will strive for economic, social and environmental sustainability.
In the context of Tata Steel’s increasing global presence the Tata Code of Conduct has been reviewed to accommodate required and appropriate modifications. This has ensured that diverse cultural and business related issues are addressed universally across the Group.
Click here to view the Complete Tata Code of Conduct