Tata Steel has bagged awards for ‘Best Risk Management Framework and Systems’ in two categories, namely Risk Governance and Metals and Mining at the 4th India Risk Management Awards 2018 held on January 19, 2018 in Mumbai.
This is an important landmark in the journey of Tata Steel’s Enterprise Risk Management (ERM), and closely aligned to the organization’s efforts towards becoming a risk-intelligent organization.
The ERM framework was developed in-house by incorporating inputs from benchmark industry practices, International standards and references (including COSO & ISO 31000), leadership direction and feedback from key stakeholders.
Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 Company.
