Page 40 - Tata Steel One Report 2024-Eng-Ebook HY

Business Operation and Performance Driving Business Towards Sustainability Corporate Governance Policy Financial Statements Attachments
Policy and Sustainability Management Goal
At Tata Steel (Thailand), sustainability is embedded in our business philosophy and long-term strategy. We recognize that integrating environmental, social, and governance (ESG) principles into every aspect of our operations is not only essential for responsible business conduct, but also a source of competitive advantage.
Our Sustainability Policy affirms our commitment to sustainable development, climate resilience, and stakeholder value creation. We consistently incorporate climate change, environmental stewardship, and social impact into strategic and operational decisions. The full policy is available at: https://www.tatasteelthailand.com/wp-content/ uploads/2022/05/Sustainability-Policy-2018-th-en.pdf
For over 12 consecutive years, Tata Steel (Thailand) Public Company Limited (TSTH) has published its Sustainability Performance Reports, detailing the policies and achievements of TSTH and its subsidiary, Tata Steel Manufacturing (Thailand) Public Company Limited (TSMT), which operates three steel plants: NTS, SISCO, and SCSC.
The current report, covering the fiscal year 2024–2025 (April 1, 2024, to March 31, 2025), is based on key international standards and frameworks:
GRI (Global Reporting Initiative):
Reporting is aligned with the GRI Sustainability Reporting Standards and core disclosures, ensuring transparency and completeness in ESG data.
CDP (Carbon Disclosure Project):
Climate change performance is disclosed in alignment with CDP frameworks, consistent with Tata SteelGroup’sglobalclimatereporting practices, which encompass operations in India, Europe, and Thailand.
UN SDGs: Our reporting supports the United Nations Sustainable Development Goals, with indicators aligned to Tata Steel Group’s Sustainability Development Guidelines.
Our disclosures undergo review and approval by the Corporate Social Responsibility and Sustainability Committee of the Board of Directors. These are further validated through internal verification processes covering economic, environmental, and social data, ensuring accuracy, reliability, and completeness.
At the heart of our journey lies a firm commitment to stakeholder-centric, sustainable growth. Tata Steel Thailand’s sustainability goal is to drive holistic progress—balancing environment, society, governance, and economic development—as we continue building a future that is inclusive, responsible, and resilient.
Further reports and sustainability disclosures are available here: Integrated Annual Reports:
https://www.tatasteelthailand.com/ investor-relations/#iar
Sustainability Reports:
https://www.tatasteelthailand.com/ th/sustainability
TATA STEEL THAILAND IS COMMITTED
TO ADVANCING SUSTAINABLE DEVELOPMENT FOR ALL STAKEHOLDERS ACROSS ENVIRONMENT, SOCIAL, GOVERNANCE, AND ECONOMIC DIMENSIONS.
38 Tata Steel (Thailand) Public Company Limited