Page 46 - Tata Steel One Report 2024-Eng-Ebook HY

Business Operation and Performance Driving Business Towards Sustainability Corporate Governance Policy Financial Statements Attachments
Key Materiality Issues on Business Sustainability and Sustainable Development Goals
The Company has analyzed the results of its materiality assessment on business sustainability, incorporating feedback from both internal and external stakeholders. Their key concerns and expectations have been reviewed by the Corporate Social Responsibility and Sustainability Committee. Based on this evaluation, the Company has identified seven priority material issues.
Action plans addressing these key issues have been developed and implemented, with measurable Key Performance Indicators (KPIs) and targets that are aligned with the Sustainable Development Goals (SDGs). These initiatives span across the four core dimensions of environment, social, governance, and economy, as outlined below:
Environmental Dimension
Climate Change Management
Tata Steel has taken a target of “Net Zero” Carbon by 2045, across all its operations. For this purpose, the first target is to reduce CO2 emission approximately 25% by 2030. Accordingly, our goal is to produce high-quality steel while minimizing our environmental impact, ensuring a better, greener future for generations to come.
The Company emphasizes green process by using Electronic Arc Furnace (EAF) for its steel manufacturing process which is the steel melt process from 100%
recycled scrap. This is the best steel recycling technology at present in terms of product quality, consistency, and environment. The Company also focuses on using technology that generates low pollution and using alternative energy for Greenhouse Gas reduction, for example, replacing fuel oil usage with natural gas, installing Solar Roof to replace electric energy from fossil fuel.
The Company is committed to providing customers with environment friendly products. In the financial year 2024-25, TSMT – SCSC Plant conducted Life Cycle Assessment for products and received Certificate of Carbon Footprint of Product from Thailand Greenhouse Gas Management Organization (Public Organization). TSMT - SISCO Plant has received Carbon Footprint for Organization Certificate from Thailand Greenhouse Gas Management Organization (Public Organization) for eighth consecutive year. TSMT – SCSC Plant and SISCO Plant received the Environmental Product Declaration (EPD) Certification, affirming the transparency of its product’s environmental impact throughout its life cycle.
• AirPollution/AirQualityManagement
The Company analyzes the factors causing pollutants resulting from the production process and other supporting activities to minimize them. In the financial year 2024-25, the Company has installed Continuous Emission Monitoring System (CEMS), to monitor TSP, SOx, NOx emissions as required by Thai law and regulation.
• EnergyEfficiency/EnergyManagementandGHG Emissions
In the financial year 2024–25, the Company had CO2 emission intensity of 0.622 tons / ton of crude steel. To reduce greenhouse gas emissions, all three plants continuously focus on improving their energy efficiency through various initiatives:
• NTS reduces EAF Oxygen consumption / Repair water cooling in beam and column to reduce heat loss SCSC introduces automatic transfer of scrap weight by bucket from database to PLC.
44 Tata Steel (Thailand) Public Company Limited