Business ethics and sustainability in the steel industry
A Tata Steel case study

Page 1: Introduction

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Steel is a unique and vital material. It touches almost every part of modern life. It is a key element of our infrastructure. From buses to buildings, from canned food to computers, almost everything we see around us is either made of steel or is made using steel. Steel is essential to modern society. Tata Steel is the second largest steel producer in Europe and has its main steelmaking plants...
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Page 2: What are business ethics and sustainability?

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Business ethics Business ethics means ‘taking the right course’. Acting ethically takes into account all the factors of doing business. These include production, business processes, and the company’s behaviour with its customers and the communities in which it operates. It is about doing the right thing in everything the company does. Tata Steel has five core values which...
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Page 3: Making ethical and sustainable decisions

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Tata Steel builds ethical and sustainable practices into all areas of its operations. Steel has the benefit of being truly recyclable but is produced by a process that produces CO2 emissions. Sustainability is about much more than CO2, but one of the major challenges of sustainability is to reduce CO2 emissions which may contribute to climate change. Tata Steel is working to reduce these...
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Page 4: Examples of promoting the sustainability of steel

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Tata Steel demonstrates ethical and sustainable practice in its own operations. However, it goes further in encouraging its customers and markets to also make decisions based on sound sustainability principles. These three case studies demonstrate where life cycle thinking is helping Tata Steel to promote the use of steel, while at the same time encouraging ethical behaviour.  Case study...
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Page 5: Benefits of taking responsibility for sustainability

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Sustainable practices are often the best business options for a company. As corporate reputation becomes more important and more companies are adopting ethical stances, taking responsibility for sustainability is increasingly important both to ensure reputation and also to satisfy the demands of a range of stakeholders. The benefits of taking responsibility for sustainability include an...
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Page 6: Conclusion

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Tata Steel has shown that it is committed to sustainable and environmental practices as part of its overall aim to act responsibly. It shows commitment and progress towards key targets of sustainability as well as encouraging sustainable decision-making in its customers and within their markets. The key to the success of this approach is to recognise the unique properties of steel as a...
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