Our goals
The Tata Steel Group is proud of its performance culture.
We are committed to the pursuit of challenging targets, and to safety, environmental protection, continuous improvement, openness and social responsibility in every aspect of our business around the world.
We have set ourselves four key corporate goals to achieve by 2012:
- Value creation: Deliver a 30% return on invested capital (ROIC )
- Safety: Achieve an industry leadership position by driving down our lost time injury frequency rate (LTIF ) to a maximum of 0.4 incidents per million hours worked
- Environment: Reduce carbon dioxide (CO 2) emissions to less than 1.7 tonnes per tonne of liquid steel (t/tls)*
- People: Rank as an employer of choice in the top quartile across all industries.
*This vision target was orginally based on an internal reporting scope. To provide international comparability, we are moving towards using the recently-devised World Steel Association (worldsteel) scope. As an indicator, 1.7 is the approximate equivalent of 1.9 under the worldsteel scope.
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