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Tata sons - an overview Free essay! Download now

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Tata sons - an overview

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Tata Sons is India’s largest business group. It has a diversified business interest in 7 sectors. It has operations in over 80 countries and its products and services been exported to 85 countries. It employs more than 350,000 employees. The Tata group comprises of 114 companies which are spread over 7 sectors.

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Tata Sons is India’s largest business group. It has a diversified business interest in 7 sectors. It has operations in over 80 countries and its products and services been exported to 85 countries. It employs more than 350,000 employees. The Tata group comprises of 114 companies which are spread over 7 sectors. Out of these 27 are publicly listed. About 65.8 % ownership of the Tata group is been held in charitable trusts. The group is among the most respected companies in the world. According to the survey taken by Reputation institute in 2009 rank the group as the 11th most reputable company in the world. The survey was taken among 600 global companies. The logo of the group signifies fluidity or can be seen as fountain of knowledge or as a tree where people can take refuge. The purpose of this report is to show the social and environmental side of the company. This is done in two parts Silent Account and a Shadow Account. Silent Account takes reports from the company’s website and annual report and shows the social and environmental report from the company’s perspective. Shadow Account is information gathered from various sources which shows the company’s social and environmental report from public view. The group has been listed in BSE (Bombay Stock Exchange) and NSE (National Stock Exchange). The group’s market cap in BSE is 4.3%.

















Silent Report Shadow Report
Vision
To improve the quality of life (www.tata.com)

CSR Strategy
As the group is been diversified into many sectors and each sector comprising of several companies. These companies have their own individual CSR which is different from the other companies. For that reason the parent company had brought all those initiatives under one roof and divided them into groups. (www.tata.com)

The group had been very focused on the welfare of the people since its inception. It has been working on a great scale on these issues for a long time.
• Child education
• Child health care
• Women education
• Working groups of women
• HIV/AIDS
• Environment issues such as global warming, carbon emission.

Community initiatives
“The panoply of community development endeavours undertaken by Tata companies — embracing everything from health and education to art, sport and more — has touched, and changed, many lives”.

The Rainbow Effect
As the group has been focused for the welfare of the people since its inception, it has been doing work ranging from health and education to livelihoods and women-children welfare, from tribal hamlets in Jharkhand, the rural outback of Gujarat to the high ranges of Kerala and the disadvantaged villages in Andhra Pradesh- the community work has been undertaken by the companies and the trusts of the group which touches a multitude of Indians across the length and breadth of the country. Apart from doing these social work, they extend the support to individuals and institutions who are excellent in art and sports.

Tata Council for Community Initiatives
Tata Group brings to its mission of sustainable development is an explicit set of structures, embodied most notably by the Tata Council for Community Initiatives (TCCI). A centrally administered agency that helps Tata companies through specific processes, TCCI's charter embraces social development, environmental management, biodiversity restoration and employee volunteering.
This council has a head and has 43 CEO’s of Tata companies as its members. This council coordinates and keeps in check the various community programmes done by Tata companies.

Company Initiatives
In this we show the highlights done by the most prominent companies in the Tata group.

Tata Chemicals Society for Rural Development
Tata Chemicals set up the Tata Chemicals Society for Rural Development (TCSRD) in 1980 to promote its social objectives for the communities in and around Mithapur and Babrala, where its facilities are located.
These are some of the many initiatives TCSRD is involved in:
• Agricultural development
• Education
• Women's programmes
• Animal husbandry
• Rural energy
• Training
• Watershed development
• Relief work
• Infrastructure

Tata Steel Rural Development Society
Established in 1979, the Tata Steel Rural Development Society (TSRDS) is deeply involved in various social development programmes aimed at helping the rural communities living around Tata Steel's operational units.
TSRDS covered 32 villages around Jamshedpur in its first year of operation. Today the Society has seven separate units, six in Tata Steel's operational areas, and covers 600 villages in the states of Jharkhand and Orissa. TSRDS is most actively involved in the spheres of livelihood generation, health and hygiene, and people empowerment.

Rallilove ACTS (Assisting Communities Through Service)
Rallilove ACTS (Assisting Communities Through Service), an organisation set up by Rallis, seeks to improve the quality of life of the poor, especially women and children, through sustainable community development programmes.
Rallis has, through ACTS, been involved in the following community development initiatives:
• Contribution to the Akanksha Foundation, Mumbai.
• Girl Child Project of Rallis Committed Community Development Trust (CCDT), Mumbai.
• Educational support for 285 underprivileged students in Lote, Maharashtra.
• Tree plantations in and around its factories and at RRC, Bangalore.
• Dental and eye check-up camps at various factories.
• Health awareness programmes for Adivasis and other communities in Turbhe, Maharashtra.

Voltas for Women
Voltas for Women (VOW) was founded in 1965 and registered in 1975. The organisation, whose membership is restricted to female employees of Voltas and the wives of male employees, helps the needy with assistance in health and education, and offers career and vocational guidance.
VOW has supported a number of deserving organisations; its contributions have included:
• Setting up a ward at the Vimala Dermatological Centre in Mumbai for women afflicted with leprosy.
• Establishing fully equipped speech and physiotherapy units at SPJ Sadhana School for the handicapped, Sophia College, Mumbai.
• Setting up a medical care unit at Asha Sadan, a home for destitute women and children run by the Maharashtra State Council of Women.
• Providing audio-visual equipment to assist the mentally challenged at the Dilkush School at Juhu in suburban Mumbai

Environment
The Tata group's beliefs on sustainability have led to a corporate policy that emphasises environment preservation. Tata companies work on projects that include repairing green cover, reducing effluents and emissions, maintaining local ecologies and improving long term corporate sustainability.
“A deep concern for the environment drives Tata companies to undertake green projects that preserve and regenerate local ecologies”.

Environment policies
The Tata group has striven to be responsible and sensitive on ecological and environmental matters. It does this by protecting, conserving and restoring natural resources, often beyond what is mandated by government and other institutional policies.
The Tatas have what is known as a 'group environment network' to guide its companies and organisations on environmental issues. The objectives of this network are three-fold:
• To develop a common approach on the environment so that group companies can champion the cause of sustainable growth and enhance the image of the Tata brand.
• To integrate environmental parameters in the Tata Business Excellence Model and the Tata Code of Conduct.
• To enhance awareness and to train group environmentalists through workshops, and share their experiences through case studies and exchanges.
The Tata approach to environmental management makes it mandatory for group companies to do the following:
• Have a vision and mission statement that explicitly states its policy on environmental management.
• Define a corporate environment policy and communicate that to all employees.
• Set up environmental management systems and programmes at the organisational level and annually budget for environmental improvement.
• Train its workforce on environmental issues and assign management representatives and facilitators to the task of monitoring environmental systems.
• Regularly scrutinise resource consumption and the quality of air, water and land in and around the areas where it operates.
• Set quantitative objectives and targets for continuous improvement (preferably beyond legal compliance).
• Review environmental performance at different levels in the management hierarchy.
• Establish a convention for conducting impact-assessment surveys and periodic audits.
• Publish annual environmental performance in annual reports.

• Encourage applications and attainment of eco-labels and accreditations such as ISO 14000/01.
• This is to be followed by lifecycle assessments and eco-labelling for product stewardship throughout the supply chain.
The environment policies of the Tata group are reviewed continually. Changes or improvements are made as and when these are required (the way the group is addressing the climate change issue is an example).

Addressing climate change
The Tata group considers climate change to be a serious issue and is taking the following steps to increase carbon consciousness and institute mitigation strategies:
• A steering committee and working group have been assigned to address the climate change issue and cascade it into a group-level movement.
• Tata companies from five business sectors — steel, automotive, power, chemicals and IT — will participate in the first phase through the following strategies:
o Intensive awareness and training programmes will be conducted for senior leadership. Climate change champions will be identified in each company.
o Policies on energy efficiencies, green buildings, green data centres and green protocols will be developed. Awareness will be created amongst all stakeholders.
o Individual Tata companies will measure their current carbon footprint to assess where the group stands. This will be extrapolated for future years.
o Cost abatement curves will be established and mitigation strategies identified for the major companies. Other Tata companies will follow in the second phase.
o The climate change initiative will be integrated with the Tata group's internal business excellence framework, the Tata Business Excellence Model, in order to further motivate and encourage companies.
Tata companies such as Tata Steel, Tata Motors, Tata Chemicals, Tata Power, Tata Sponge, Tata Metaliks, etc have already started participating in Clean Development Mechanism projects under the following categories:
• Energy efficiency improvements.
• Fuel switch in plants (methane recovery).
• Alternative sources of energy like solar, wind, etc.
• Supercritical steam power generation.
• Waste heat recovery power generation.



Vision
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CSR Strategy
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Community Initiatives
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Tata Council for Community Initiatives
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Tata Chemicals
In September 2003, an effluent spill from Tata Chemicals’ soda ash factory in Mithapur, Gujarat, spread over more than 150 acres of the sea in the Gulf of Kutch Marine National Park. The National Park covers one of the most biodiverse regions – mangroves, corals, mudskippers, whale sharks -- in the coast of India. About 10 km of the marine protected area has been considerably degraded due to the settlement of solids associated with the effluent of the industry, according to the National Institute of Oceanography. The salt pans in the Mithapur area are also named as the cause for the rapid salinity ingress into the groundwater. Several villages have lost their farmlands to accommodate open unlined dumps for Tata’s saline effluent.(www.bhopal.net)









Tata Steel
Tata Steel’s collieries in West Bokaro and its coal washeries in Bokaro have been discharging a coal-dust-rich slurry into the Bokaro River, effectively killing the river by smothering the river bed. The process also uses large quantities of freshwater and discharges it along with the coal-dust as effluents.(www.bhopal.net)





Rallis India
Patancheru, a chemical industrial estate near Hyderabad, is referred to as Hell on Earth owing to the unlivable environmental conditions in that area because of industrial pollution. Rallis India, a Tata subsidiary manufacturing pesticides here, was singled out by the Supreme Court Monitoring Committee on Hazardous Wastes which identified the company’s toxic waste dump to be a toxic contamination source of concern. The company’s wastes are stored in massive solar evaporation ponds that stinks up the air with poisonous chemicals, villagers say.(www.bhopal.net)







Voltas
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Environment
Greenpeace has been campaigning for several years to get the TATAs to drop their controversial port at Dhamra, Orissa. On August 20, over 50 Greenpeace volunteers blockaded the TATA headquarters of Bombay House. Following this, TATA issued a media statement proclaiming their willingness to discuss the issue with Greenpeace (2), but have yet to communicate this directly with Greenpeace. Aside from ecological concerns, questions were also raised at the AGM on the financial consequences of the project. With 70% of the project’s cost of 2,460 Crores being debt financed, the project represents a significant financial liability to TATA Steel, particularly when it is looking to fund the acquisition of British Steel firm Corus. Ongoing legal battles at both the High Court and Supreme Court over the Dhamra project only add to the financial risk the project entails, opine market watchers.
(www.greenpeace.in/turtle/tag/tata-tag , 2007)

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