Tata Steel : features amongst the Top 15 companies as the Nation Builders

Mumbai, June 11, 2021

~ Recognised as one of 'India's Best Employers among Nation-Builders 2021' by Great Place to Work® India ~

~ Consistently secured Great Place to Work recognition ~

Tata Steel has been named as one of 'India's Best Employers Among Nation-Builders', by Great Place to Work® India in a special category introduced in 2021, as a part of a national study.

Along with this special recognition, Tata Steel has also been featured amongst the top 100 organisations as a 'Best Company to work for' by Great Place to Work Institute that conducts the study.

The Nation Builders category recognises 15 Employers who showcased commitment towards kick-starting and re-building the economy. For inclusion in the Nation Builders category of the study, an organisation must be seen as a creator of infrastructure, employment, and also be among the highest tax-contributors to the government. To make it to the final list, a company must also be promoting, and positively impacting at least 3 of the 17 UN Global Sustainable Development Goals.

Atrayee Sarkar, Vice President, Human Resource Management, Tata Steel, said: 'At Tata Steel, we believe the safety, health and welfare of our people, stakeholders and the community at large, are intrinsic to our approach to business. The organisation has imbibed its founder's philosophy of business enterprises being the drivers of social upliftment, which is embodied by all Tata Steel Group companies.

It's a matter of pride for us to be recognised as Nation Builders with 14 other organisations and also feature as a Best Company to Work For. The year 2020 was a year of unprecedented transformation where the entire ecosystem came together to embrace the new normal. We adapted to the change with resilience and agility and initiated multiple pioneering policies including the agile working model and employee protection scheme to financially support the families of employees who lost their lives to Covid. We are committed to constantly evolve our workplace, our perspective towards tomorrow and invest in future readiness - all this to make Tata Steel the Best Workplace in Manufacturing.'

During the pandemic, Tata Steel was amongst the first employers to announce the Agile working model last year, which enabled officer employees to move to a location of choice, giving the employees the flexibility to operate from any place within the country. This policy is yet another step for Tata Steel to become more agile, future ready and to strengthen its Employee Value Proposition. Recently, the Company announced a COVID-19 family protection scheme for the families of all employees who lost their lives due to Covid-19.

Tata Steel has built an outstanding work culture by introducing path-breaking policies, practices and initiatives for various segments of the workforce. These include policies like 5-day workweek, menstrual leave, paternity leave, adoption leave, satellite office operation, employee assistance programme (tilted UMANG) and Take 2 (to provide a platform to the partners of the Tata Steel employees and women professionals who are on career break). The Company has consistently worked towards creating an enabling environment for deployment of women workforce in mines and on shop floors in all shifts.

Last year, the Company was named a Top Employer for LGBT+ inclusion by India Workplace Equality Index (IWEI), the country's first comprehensive benchmarking study to measure and enable efforts for LGBT+ inclusion.

Every year, more than 10,000 organisations from over 60 countries partner with Great Place to Work® Institute for assessment, benchmarking and planning actions to strengthen their workplace culture. Great Place to Work® Institute's methodology is recognised as rigorous and objective work culture assessment process. It is considered the gold standard in identifying and recognising great workplace cultures.

About Tata Steel

Tata Steel group is among the top global steel companies with an annual crude steel capacity of 34 million tonnes per annum. It is one of the world's most geographically-diversified steel producers, with operations and commercial presence across the world. The group recorded a consolidated turnover of US $21.06 billion in the financial year ending March 31, 2021.

A Great Place to Work-Certified organisation, Tata Steel Ltd., together with its subsidiaries, associates and joint ventures, is spread across five continents with an employee base of over 65,000.

Tata Steel has been a part of the DJSI Emerging Markets Index since 2012 and has been consistently ranked amongst top 5 steel companies in the DJSI Corporate Sustainability Assessment since 2016. Besides being a member of ResponsibleSteelTM and worldsteel's Climate Action Programme, Tata Steel has won several awards and recognitions including the World Economic Forum's Global Lighthouse recognition for its Jamshedpur, Kalinganagar and IJmuiden Plants, and Prime Minister's Trophy for the best performing integrated steel plant for 2016-17. The Company, ranked as India's most valuable Metals & Mining brand by Brand Finance, featured amongst CII Top 25 innovative Indian Companies in 2020, received rating of 'A-' (leadership band) from CDP for its Climate Change disclosure and Supply Chain disclosure, Steel Sustainability Champion 2020 recognition from worldsteel, 'Most Ethical Company' award 2021 from Ethisphere Institute, Best Risk Management Framework & Systems Award (2020) from CNBC TV-18, and Award for Excellence in Financial Reporting FY20 from ICAI, among several others.

To know more, visit www.tatasteel.comand WeAlsoMakeTomorrow

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Disclaimer:

Statements in this press release describing the Company's performance may be 'forward looking statements' within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company's operations include, among others, economic conditions affecting demand/supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/or other incidental factors.

Sarvesh Kumar

Chief, Corporate Communications

Tata Steel

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