Tata Steel- most ethical company in India.

Tata Steel is named as one of the World's most Ethical company by Ethisphere for the Eight time.

Tata Steel Limited, formerly Tata Iron and Steel Company Limited (TISCO), is an Indian multinational steel-making company headquartered in Kolkata, West Bengal, India and it is a subsidiary of the Tata Group. It is a leading global company with annual steel production capacity of  33MnTPA. It is most ethical company in India. It is listed in World's most Ethical Companies in 2019 also. It is listed for the eight time in this list.

Read more at:-

https://www.tatasteel.com/media/newsroom/press-releases/india/2019/tata-steel-named-one-of-the-2019-worlds-most-ethical-companies-by-ethisphere-for-the-eighth-time/

Business Ethics:-

Business ethics is a set of moral values or principles that govern how a business operates or how a people behave. Business ethics is the study of business situations, activities and decisions where the issues of right and wrong are addressed. In the modern age, the most important objective of  every businessmen is to make profit by hook or by crook and they don't even think about the common man.

Thus, these telecom companies also attempt to earn profits by following unethical marketing strategies and by hiding the information and disguising the people.

Business Ethics Principles followed:-

1. Good Quality of Product and Services:- 

It is commited to provide goods and services of world class quality standards. It never compromises with the quality of its goods. It also provides after-sales services consistently with the requirements of its customers.

2. Maintaining Safety, Health and Environment:- 

 Tata Company provides a safe, healthy clean and good working environment for its people in the organization. It is also ensuring that the environment does not get affected by their industries.

3. Fair Competition:-  

It fully supports the operation of the competitive open markets and supports the development of  other organizations. Tus it helps market to work better, by removing unnecessary distortions to competition. It results in the economic growth of the country and in reducing the poverty.

4. Maintaining Financial reports and records:-  

Tata always prepares and maitains its accounts fairly and accurately in accordance with the accounting and financials of the country. 

5. Adapting Ethical Conduct:-  

Every employee of the Tata company preserves the human rights of every individual and the community and also strives to honour commitments. The employees never misbehaves with other employees.

6. National Interest:-  

Tata is committed to help and benefit the economic development of the countries in which it operates. 

7. Corporate Citizenship:-  

Tata group is committed to good corporate citizenship, not only in the compliance of all relevant laws and regulations but also by actively assisting in the improvement of quality of life of the people in the communities in which it operates.

Contribution in CSR:-

Tata Steel is a subsidiary of Tata Group, So TATA's CSR activities include:-

1. Eradicating hunger, poverty and malnutrition project at Jharkhand- Ramgarh and Odisha- Jaipur.

2. Provides special provisions for training and employing the local women.

3.Sanitation project at Jharkhand- East singhbhum and Odisha- Jaipur.

4. Making available drinking water project at West bengal- East Midnapore.

5. For Youth members, it provides technical and vocational training.

                                 

Conclusion:-

We all know that in todays era, how the companies are always trying to earn profits by unethical ways also. But the company like Tata Steel (TISCO) is practicing ethical ways and got listed as one of the World's most Ethical Companies by Ethisphere for the Eight time and it has been consistent from the many years and showing their good work and also contributing towards the welfare of the people and community. So, the main reason of this blog is to make people aware about good works of Tata Steel and how they are consistently doing their business by ethical ways.