CHAIRMAN'S STATEMENTS
 

Annual Report 04-05 | Sustainibility Report 04-05

There is an increasing recognition that business exists to profit promoter, society and the environment. There is also a concurrent recognition that business must profit all stakeholders - not just one or two - to create a model that is truly and enduringly sustainable.

As a result, the success of a corporate house depends truly on how efficiently it can align its strategic objectives with the expectations of the earth and society, merging the economic with the social & the ecological objectives and prompting the observation that "Corporate social responsibility is not philanthropy. It is not charity. It is an investment in our collective future."

At Tata Metaliks, the strain of sustainability was embedded in its DNA when the founder of the Group, J N Tata directed that "What comes from the people should go back to the people many times over."

Over the years, the company has created a win-win engine of growth and prosperity through the following obligations to its various stakeholders:

• To the employees through a non-hazardous, pollution-free and worker-friendly working environment, in addition to vendors and shareholders.

• To the society as a responsible citizen and caring community supporter through self-employment, adult education and hygienic living conditions.

• To the world in general by making a responsible use of non-renewable natural resources and protecting the interest of succeeding generations.

• Over the years, Tata Metaliks has emerged as a progressive corporate citizen, aligned with a 'triple bottom line' approach, through a compliance with the following:

• Global Reporting Initiative, which evaluates corporate performance in a holistic way, and

• U N Global Compact, which comprises ten forward-looking principles related to labour, human rights, environment and anti-corruption.

I am pleased to state that in recognition the 'triple bottomline' is not a goal but a never-ending journey and that the company is determined to continue to make its business enriching, meaningful and life changing for its vast family of stakeholders in a number of ways."