Tata Steel recognised as one of world's most ethical companies

Ethisphere Institute is a leading international organisation

Tata Steel today said it has been recognised as one of the world's most ethical companies for 2013 by the Ethisphere Institute, a leading international organisation.

"The recognition was awarded post assessment on a number of parameters which included reputation, innovation and leadership, compliance and ethics programme, training and communication, corporate governance, corporate citizenship, sustainability and responsibility," the company said.

The award was received by Ethics Counsellor, Tata Steel, Tripti Roy, at a function held in New York.

Tata Steel Managing Director H M Nerurkar commented, "It is truly an honour to be recognised for our ethical practices which have always been the driving principle in the way we conduct our business."

Ethisphere has reviewed nominations from companies in more than 100 countries and 36 industries through in-depth research and multi-step analysis.

In another development, the steel maker said it was conferred with the Most Admired Knowledge Enterprises (MAKE) award for 2012 at Global and Asian level.

The company has previously been recognised by the Indian MAKE awards on six accounts since its inception in 2005.

Tata Steel is world's second most geographically diversified steel producers with an annual crude steel capacity of over 26.5 million tonnes.