OREANDA-NEWS. February 13, 2012. Tata Steel bagged the Sustainability Prize at the CII-ITC Sustainability Award 2011 ceremony, in ’Category A’ for large business organisation(for companies with turnover of above Rs500 crore). The ceremony was held at Delhi today in the august presence of senior government officials such as Anand Sharma, union minister of commerce, industry and textiles, Government of India, and several other dignitaries from various corporate houses.

The annual CII-ITC Sustainability Awards are given out to recognise and reward excellence in economic, environmental and social performance. They are conferred to Indian businesses that demonstrate excellent performance in the area of sustainable development.

On behalf of the company, Sanjiv Paul, vice president, corporate services, Tata Steel, received the Sustainability Prize from Mr Sharma. Reiterating the values that the company has always adopted as a benefactor for the community, Mr Paul said, “Sustainable development means valuing the interdependence of environmental, social and economic aspects so as to aim at improving the quality of life for everyone, now and for generations to come.”

Further he added, “In Tata Steel we understand that whatever choices we make and all the actions that we pursue today impact everything in future. I can proudly state that we have built on a legacy of caring, and our commitment is based on achieving business success through responsible social, environmental and economic practices that help build happy communities. I would like to extend my heartfelt thanks to CII-ITC Sustainability Awards for acknowledging Tata Steel’s efforts in regard to the same.”

Tata Steel had already received the Sustainability Prize in the years 2006, 2007, and 2008 for large business organisation; and in the years 2009 and 2010 for commendation for significant achievement.

Tata Steel's CSR initiatives have been recognised with many awards. Since 2006, the company has showcased an exceptional track record of receiving this coveted award initiated by the CII-ITC Centre of Excellence for Sustainable Development. Recently the company received the CNBC Asia’s Corporate Social Responsibility Award at CNBC-TV 18 India Business Leader Awards and the corporate social responsibility award at the seventh edition of NDTV Profit Business Leadership Awards.

In addition to this, Tata Steel has been recognised by other prestigious awards such as Safety and Health Excellence Recognition Award 2010 by the World Steel Association, was adjudged as the winner in 'Corporate Social Responsibility' at the Procurement Leaders Forum - 2011, and honoured with the Rashtriya Khel Protsahan Puruskar for the second consecutive year in 2010. Other esteemed awards include the CSR Excellence Award 2010 by ASSOCHAM, National CSR Committee and CSR Organising Committee; the Businessworld-FICCI-SEDF Corporate Social Responsibility Award 2009, and the Best Corporate Social Responsibility Practice Award at the 6th Social and Corporate Governance Awards 2010 by the Bombay Stock Exchange.