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Governance
Board Engagement
& Disclosures
 
Good governance is integral to business sustainability. It entails balancing the interests of different stakeholders while achieving the long-term strategy of the organization.
In the context of sustainability, governance encompasses ensuring ethical and transparent business conduct, addressing sustainability risks and opportunities and aligning with robust disclosure requirements under the aegis of the board. At the Tata group, the Tata Code of Conduct is the bedrock of our businesses and serves as the ethical roadmap for companies and employees.
TATA GROUP - Article - The Tata Code of Conduct - This comprehensive document serves as the ethical road map for Tata employees and companies
TATA GROUP - Article - The Tata Code of Conduct - This comprehensive document serves as the ethical road map for Tata employees and companies
TATA GROUP - Article - The Tata Code of Conduct - This comprehensive document serves as the ethical road map for Tata employees and companies
tata group
Article
The Tata Code of Conduct
 
This comprehensive document
serves as the ethical road map for
Tata employees and companies
Tata group is also ensuring that sustainability is firmly on the agenda of Boards. We are actively working in making our Boards proficient in sustainability, ensuring adequate Board oversight of sustainability strategies of our companies by asking management the right questions and adopting global sustainability frameworks to disclose our sustainability performance.
Board-led Sustainability
Sustainability is central to corporate competitiveness. There is a growing body of evidence that sustainability presents a significant opportunity to drive long-term value for society as a whole and needs to be incorporated into corporate strategy. Stakeholders know that if an issue is not on the Board's agenda, it's unlikely to be at the heart of an organization's strategy. As environmental, societal and governance challenges increase, stakeholders across the spectrum, be it investors, regulators or civil society organizations, all are demanding group level responsibility of sustainability issues.
Our Approach
In alignment with one of the commitments of the Tata Sustainability Policy, the Tata Sustainability Group actively engages with companies on ensuring adequate governance of sustainability. While most Tata companies have some form of board oversight on sustainability issues, seven companies have dedicated Sustainability Committees of the Board, mandated to address the risks and opportunities arising from sustainability issues.
TATA SUSTAINABILITY GROUP - E-module - Sustainability and the Board - A Director's Perspective - The module aims to introduce directors on Tata company boards with knowledge and tools needed to effectively engage with the management and steer sustainability across their organizations
TATA SUSTAINABILITY GROUP - E-module - Sustainability and the Board - A Director's Perspective - The module aims to introduce directors on Tata company boards with knowledge and tools needed to effectively engage with the management and steer sustainability across their organizations
TATA SUSTAINABILITY GROUP - E-module - Sustainability and the Board - A Director's Perspective - The module aims to introduce directors on Tata company boards with knowledge and tools needed to effectively engage with the management and steer sustainability across their organizations
TATA SUSTAINABILITY GROUP
E-module
Sustainability and the Board - A Director's Perspective
 
The module aims to introduce directors on Tata company boards with knowledge and tools needed to effectively engage with the management and steer sustainability across their organizations
Tata Sustainability Leadership Programme
While Sustainability as a topic may not be a very new one, its introduction in corporate boardrooms is rather recent. Conscious of this fact, the Tata Sustainability Leadership Programme was designed to help C-suite executives from across Tata group, understand the risks and opportunities posed by the rapidly changing climate and negotiate through the novel, complex problems associated with a changing business landscape. The key objective of the programme is to sensitise the participants regarding environmental, business and social sustainability.
In collaboration with University of Cambridge - Institute of Sustainability Leadership (CISL), September 2014, Mumbai
Tata group collaborated with University of Cambridge's Institute of Sustainability Leadership (CISL) to customise this programme and ensure that it was business-relevant, added value to existing work of the participants and provided a sufficient level of challenge to them. Particular attention was given to the different geographical contexts in which the group companies operate and to ensure that individuals had sufficient opportunity to reflect, identify and take ownership of their respective company's sustainability agenda.
Since its inception, more than 150 senior leaders from the Tata group have benefited from the programme and are driving sustainability further within their own organisations. Subsequent to the group level programme, Tata Steel collaborated with CISL to curate a programme especially for the Steel industry and continues to sensitise its Board members, leadership team as well as the Board members of several of its subsidiary companies through the programme.
Sustainability Disclosures
Reporting sustainability performance using globally recognized frameworks is one of the commitments of the Tata Sustainability Policy. Over 15 Tata companies have adopted globally recognized frameworks such as GRI (Global Reporting Initiative), IR (Integrated Reporting), CDP (Carbon Disclosure Project) and UNGC (United Nations Global Compact) and regularly report their sustainability performance. The Tata Sustainability Group (TSG) continues to assist Tata companies on building reporting capabilities within the group and provides assistance by reviewing the disclosures of companies on a need basis. TSG regularly develops and makes available assessment tools and guidance documents to help companies assess the quality of their reports and enhance their disclosures.
TATA SUSTAINABILITY GROUP
 
Workshop on
Integrated Reporting
 
An interactive two-day
Integrated Reporting workshop
for Tata group companies
TATA SUSTAINABILITY GROUP - Workshop on Integrated Reporting - An interactive two-day Integrated Reporting workshop for Tata group companies
TATA SUSTAINABILITY GROUP - Workshop on Integrated Reporting - An interactive two-day Integrated Reporting workshop for Tata group companies
TATA SUSTAINABILITY GROUP - Guidance - Task Force for Climate Related Financial Disclosures - A guide to improve reporting on Tata companies' climate performance using the recommendations made by the TCFD
TATA SUSTAINABILITY GROUP - Guidance - Task Force for Climate Related Financial Disclosures - A guide to improve reporting on Tata companies' climate performance using the recommendations made by the TCFD
TATA SUSTAINABILITY GROUP
Guidance
Task Force for Climate Related
Financial Disclosures
 
A guide to improve reporting on Tata
companies' climate performance using the
recommendations made by the TCFD
TATA SUSTAINABILITY GROUP - Guidance - Integrated Reporting - A guide for long-term value creation which helps companies to think, plan and report the story of their business
TATA SUSTAINABILITY GROUP - Guidance - Integrated Reporting - A guide for long-term value creation which helps companies to think, plan and report the story of their business
TATA SUSTAINABILITY GROUP
Guidance
Integrated Reporting
 
A guide for long-term value creation
which helps companies to think, plan and
report the story of their business
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