EN-Corporate-News-2021-Big data at sea helps Tata Steel reduce greenhouse gas emissions
Big data at sea helps Tata Steel reduce greenhouse gas emissions
Every year Tata Steel’s two steel
Launched in October 2020, the SCC establishes a common, global baseline to quantitatively assess and disclose whether ship chartering activities are in line with climate goals set by UN maritime agency, the International Maritime Organization (IMO).
The IMO’s Initial GHG Strategy sets out its ambitions to reduce total annual Greenhouse Gas (GHG) emissions generated by shipping activity by at least 50% of 2008 levels by 2050, whilst pursuing efforts towards phasing them out as soon as possible in this century.
By signing the SCC, Tata Steel becomes the 24th organisation to join the association, building on the company’s sustainability objectives and initiatives. As part of Tata Steel’s efforts to align with the Charter’s ambitions, the company announced a partnership with Danish technology company Optimum Voyage in September to use big-data to help lower emissions from ships delivering raw material to its European operations.
Peeyush Gupta, Vice President of Supply Chain for Tata Steel, said: “As a leader in the steel industry, which continuously sets benchmark in sustainable operations, it is imperative that we look at reducing emissions with similar determination. This is a decisive step in the direction to measure correctly and mitigate the impact on climate efficiently and innovatively.”
Mr. Ranjan Sinha, Chief Group Shipping and Director Raw Material Procurement of Tata Steel, said: “We are truly proud to be a signatory of the Charter as it represents another critical phase in our efforts to tackle climate change around the world. Having established a strong reputation for corporate governance, it is befitting that we collaborate with world’s leading organisations across industry to establish global standards for sustainable shipping. We are committed to aligning our chartering activities with responsible environmental behaviour.”
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About Tata Steel’s European operations
Tata Steel is one of Europe's leading steel producers, with steelmaking in the Netherlands and the UK, and manufacturing plants across Europe. The company supplies high-quality steel products to the most demanding markets, including construction and infrastructure, automotive, packaging and engineering. Tata Steel works with customers to develop new steel products which give them a competitive edge. The Tata Steel group is among the top global steel companies with an annual crude steel capacity of 34 million tonnes. It is one of the world's most geographically-diversified steel producers, with operations and a commercial presence across the world. The group recorded a consolidated turnover of US $21.06 billion in the financial year ending 31 March, 2021.