Tata Steel Ltd

At Tata Steel, our collaboration and participation in industry associations are deeply rooted in our commitment to climate alignment and the goals of the Paris Agreement. We actively engage with Governments and industry bodies to advocate for policies that promote the reduction of greenhouse gas emissions, support energy transitions, and accelerate the path to net-zero emissions through a management system where we review and monitor process to assess whether public policy engagements with our industry associations are aligned with the organization's commitment towards Net Zero by 2045. Our involvement in these groups, such as World Steel Association, Indian Steel Association, Eurofer, UK Steel Association, UN Global Compact, Institute for Steel Development & Growth, CII, FICCI etc are aimed at driving collective action on climate-related challenges and report on climate policy positions and activities of the industry bodies. While we believe in the power of collaboration, we ensure that our participation in industry bodies reflect our climate priorities. We also actively participate in discussions on Greenhouse Gas Emissions, Energy Transitions, Carbon Tax and Pricing, Water and Waste Management, and Sustainable Mining. Our commitment to climate leadership remains unwavering as we work to influence policies that foster sustainable development and long-term environmental stewardship. Lobbying in any form is not allowed as per Indian law, however as responsible corporate, Tata Steel advocates policy changes through different association for betterment of the industry at large.

Within the oversight of the Board, Tata Steel's CEO & MD chairs the Apex Environment Committee, which develops the strategic objectives, reviews and monitors actions & performance, risks and mitigation plans and new initiatives. The operating teams then develop the strategy, evaluate options, engage with relevant internal & external stakeholders, pursue responsible advocacy to shape up policy in a proactive manner and implement projects. This has been further prioritised through the creation of a Centre of Excellence (CoE) for CO2 reduction and mitigation which is chaired by a Vice President of the Company and has cross functional members from all parts of the organisation. Under Tata Steel's Agile Way of Working (AWOW) 10 de-carbonisation projects across steel making sites in India are reviewed quarterly by the CEO & MD and the senior leadership team. [...] Appropriate early warning indicators and mitigation strategies are identified for review by the Risk Management Committee of the Board.

Government & Regulatory Bodies

*Ensuring compliance and business continuity in line with changing policies and to partner with agencies to create positive business ecosystem*

Value proposition

Regular interaction with governments to engage on industry concerns on existing/future policies and regulations to advance ease of doing business

How we engage

* Working with the government to develop policies and regulations that enable growth of the industrial sector and steel sector in particular
* Advocating for new policies/amendments in existing regulations at the national and regional levels to create and sustain an environment conducive to the development of India
* Interacting with think tanks and sectoral experts to enable understanding of complex issues and global best practices

Emphasis areas

* Promote ease of doing business
* Create a simplified, stable, and predictable regulatory environment
* Provide incentives for business expansion and improving global competitiveness
* Provide reliable infrastructure to reduce operational costs, enhance efficiency and facilitate market access
* Partner towards economic growth and the nation's development
* Regulatory landscape for low carbon steel making [...] Industry Bodies

*Industry bodies are important to develop networks and enable consensus building to present a unified and mutually agreeable perspective to the government on various policy interventions*

Value proposition

Sector specific and industry-wide collaboration on key policy issues related to mining, manufacturing, trade, finance, sustainability, etc.

How we engage

* Participating in conferences and seminars organised by industry bodies
* Participation in national and regional committees and sub-committees to deliberate on important issues impacting the industry

Emphasis areas

* Manufacturing and mining related issues impacting operations such as regulatory clearances, auctions, labour, logistics, Production Linked Incentives, etc.
* Trade and Finance issues including Free Trade Agreements (FTAs), level playing field, demand creation, tariff and non-tariff barriers, GST, IBC, etc.
* Sustainability and low-carbon transition pathways on issues related to environment, climate change, water, etc.

Under the supervision of the Board, Tata Steel's CEO & MD chairs the Apex Environment and Sustainability Committee. The committee sets the strategic objectives, reviews and monitors actions and performance, identifies risks, and proposes mitigation plans and new initiatives. The operating teams then develop the strategy, evaluate options, engage with relevant internal and external stakeholders, and pursue responsible advocacy to shape policy and carry out projects proactively.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Regulatory Affairs with support of Environment teams handles stakeholder engagements, advocacy and communication related to Climate Change in respective geographies. There is a Policy Advocacy Impact Centre launched in FY20 and a forum for SME(CEEW) [Subject Matter Experts on Climate, Energy Environment and Water] – these two forums are important for improving changing dynamics of business environment and shaping up stance for responsible advocacy. At SME (ECCW) meetings, related public policy related items, draft regulations and new regulations are discussed. The team members develop draft communications, which is then circulated internally for review and review outcome / feedback are integrated in the final communication for all stakeholders. Such communications help the company to ensure plans & actions are consistent with the company's overall strategy. In India, Chief Regulatory Affairs is responsible for activities on responsible advocacy on policy fronts including Climate Change. There is a similar governance at Tata Steel Europe involving Public Affairs, Environment, Sustainability teams. Important inputs are shared in the SHE committee meeting reports.

Regulatory Affairs team prepares dossiers and reports on current environmental and climate change issues that might have an impact on the business operations. It also circulates emerging developments in the climate change space to keep internal stakeholders aware and updated of the changing scenario both domestically and globally. This helps formulate a coordinated and consistent policy response and representation in the front of the government and other external stakeholders.

At the highest level in TSE, the Safety, Health & Environment committee regularly reviews the climate change related performance of the Company. There are regular meetings of a Performance Improvement Team (on Energy & Climate Change), wherein both Energy Optimisation and Climate Change related actions by different sites are shared and reviewed. Tata Steel Europe's Policy Coordination committee and Environment Policy Coordination committee identify relevant climate and energy related regulations and policy trends and ensure that our related activities and engagement are consistent.

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]Regulatory Affairs team with support of Environment and Sustainability teams handles stakeholder engagements, advocacy and communication related to Climate Change in respective geographies. There's a Policy Advocacy Impact Centre launched in FY20 and a forum for SME(ECCW) [Subject Matter Experts on Energy, Climate Change & Water] – these two forums are important for improving changing dynamics of business environment and shaping up a stance for responsible advocacy. At SME (ECCW) meetings, related public policy related items, draft regulations and new regulations are discussed. The team members develop draft communications, which is then circulated internally for review and review outcome / feedback are integrated in the final communication for all stakeholders. Such communications help the company to ensure plans & actions are consistent with the company's overall strategy. In India, Chief Corporate Affairs is responsible for activities on responsible advocacy on policy fronts including Climate Change. There's a similar governance at Tata Steel Europe involving Public Affairs, Environment, Sustainability teams. Important inputs are shared in the SHE committee meeting reports.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes