Tata Motors conferred with Sustainability Award – 2006
April 21, 2006

The award is based on assessment of Tata Motors' corporate governance practices and economic, environmental and social performance

Tata Motors has been conferred with the prestigious 'CII-ITC Sustainability Award 2006 for Significant Achievement on the Journey towards Sustainable Development'. This is the first year that this award is being conferred.

The award is based on assessment of Tata Motors' corporate governance practices and economic, environmental and social performance — the Triple Bottomline concept as per guidelines of the Global Reporting Initiative (GRI).

The assessment included, among various factors, the company's practices to engage with and initiate action on stakeholders' concerns and perceptions, proactive initiatives going beyond statutory compliances, resource use efficiency on scarce resources like water and energy, enhancement of living standards in adjacent neighbourhoods, transparency and reporting standards, processes for diversification with new products and into new markets.

The jury selected Tata Motors for the award based on a site visit report by independent assessors.