The financial year 2005-06 was extremely
significant for Tata Metaliks Limited (TML).
From a Rs.320-cr Company, we grew into a
Rs.500-cr Company, and we are bullish about our
growth. Our strategic acquisition of the Redi
plant at Maharashtra and the smooth integration
of the workforce is a signal of the Company’s
strength. Our balance sheet reflects the success
of our prudent business strategy: simultaneously
looking outward and inward. However, all this
activity does not mean that we favour
irresponsible and selfish growth. Sustainable
development and corporate social responsibility
are recent inclusions in the global business
ethics. But the philosophy and practice of these
concepts are certainly not new to the Tata
Group.
In keeping with the Tata Group
philosophy, TML started reporting, three years
back, on its corporate social responsibility
practices, focusing on how we aim to evolve a
symbiotic relationship with all stakeholders,
including employees, community and our
ecosystem. It is the 'triple bottomline'
approach to business, which goes beyond creating
present-day value, to preserve it for
generations.
We strive to map the success
of our corporate sustainability, complying with:
-
The Global Reporting
Initiative, which evaluates corporate
performance in a holistic way
-
The U N Global Compact,
which comprises ten forward-looking
principles related to labour and human
rights
-
The Tata Index for
Sustainable Human Development, which
quantifies our efforts towards community
initiatives on an annual basis
Our people lay the foundation
of our success and we ensure a safe and
worker-friendly environment for them. We
recognize the needs of our surrounding
communities and extend our responsibility
towards them by providing them with basic
amenities like health and education facilities.
We are also accountable to planet earth, making
all efforts to minimise the discharge of harmful
effluents and use non-renewable natural
resources responsibly.
A few examples that make us
feel good about being on the right track are our innovations in fuel conservation, waste
management and disaster management. Our
community development schemes in 5 villages in
and around Gokulpur near Kharagpur are
well-entrenched in the fields of health,
education and civic amenities. But what makes us
really happy is the fact that we have started
the ball rolling at Redi as well: within a few
months, we have managed to reach water to the
parched villages around the region. Through
these environmental and social initiatives, we
have demonstrated our commitment to ‘sustainable
development’ - a key growth platform for us.
These initiatives also make us upbeat about our
short-term and long-term future.
In our 16th year of
operations, we continue to sow the seeds of
greater accountability towards all stakeholders.
