Tata Steel has been recognised as Global Diversity Equity & Inclusion Lighthouse 2023 by World Economic Forum. The Company’s efforts towards improving gender diversity at the workplace have been chosen as one of the eight case studies and have been featured in the Global Parity Alliance: Diversity, Equity and Inclusion Lighthouses 2023 report published to coincide with the World Economic Forum 2023 held in Davos, Switzerland between 16 and 20 January. The insights report builds on the work of the Global Parity Alliance, a cross-industry group committed to advancing DEI around the world, and the associated DEI Lighthouse Programme launched to identify proven, effective DEI initiatives from companies across industries and geographies, organised by WEF’s centre for the New Economy and Society in collaboration with McKinsey and Company. The ‘Lighthouse Report’ while highlighting the approach and impact of Tata Steel’s efforts in improving diversity and inclusion in the company said “Tata Steel’s case for change centered around the conviction that in order to achieve their aspiration, to be the most valuable steel organisation in the world with a “future ready” and “pioneering” workforce, they needed to invest in culture as a key enabler. Tata Steel’s leaders identified DEI as a central pillar of that culture because of the importance of diversity and inclusion in fueling innovation.” The report while acknowledging the particular challenges faced by Tata Steel because it is operating in the mining and manufacturing sector known for being a largely male-dominated workforce, commended the Company’s impact-driven approach to bringing more women and LGBTQIA+ members into its workforce. The launch of the ‘25 by 25’ programme in 2019 aspires to have 25% diverse workforce in Tata Steel by 2025. The Global Parity Alliance is a cross-industry group of companies taking action to accelerate diversity, equity and inclusion in the workplace and beyond. This group seeks to drive better and faster DE&I outcomes by sharing proven DE&I best practices and practical insights from leading organizations. To realise the promise of diversity, the Global Parity Alliance members together with identified DE&I lighthouses will work to close opportunity gaps faster in the new economy.
Tata Steel has been recognised as Global Diversity Equity & Inclusion Lighthouse 2023 by World Economic Forum. The Company’s efforts towards improving gender diversity at the workplace have been chosen as one of the eight case studies and have been featured in the Global Parity Alliance: Diversity, Equity and Inclusion Lighthouses 2023 report published to coincide with the World Economic Forum 2023 held in Davos, Switzerland between 16 and 20 January. The insights report builds on the work of the Global Parity Alliance, a cross-industry group committed to advancing DEI around the world, and the associated DEI Lighthouse Programme launched to identify proven, effective DEI initiatives from companies across industries and geographies, organised by WEF’s centre for the New Economy and Society in collaboration with McKinsey and Company. The ‘Lighthouse Report’ while highlighting the approach and impact of Tata Steel’s efforts in improving diversity and inclusion in the company said “Tata Steel’s case for change centered around the conviction that in order to achieve their aspiration, to be the most valuable steel organisation in the world with a “future ready” and “pioneering” workforce, they needed to invest in culture as a key enabler. Tata Steel’s leaders identified DEI as a central pillar of that culture because of the importance of diversity and inclusion in fueling innovation.” The report while acknowledging the particular challenges faced by Tata Steel because it is operating in the mining and manufacturing sector known for being a largely male-dominated workforce, commended the Company’s impact-driven approach to bringing more women and LGBTQIA+ members into its workforce. The launch of the ‘25 by 25’ programme in 2019 aspires to have 25% diverse workforce in Tata Steel by 2025. The Global Parity Alliance is a cross-industry group of companies taking action to accelerate diversity, equity and inclusion in the workplace and beyond. This group seeks to drive better and faster DE&I outcomes by sharing proven DE&I best practices and practical insights from leading organizations. To realise the promise of diversity, the Global Parity Alliance members together with identified DE&I lighthouses will work to close opportunity gaps faster in the new economy.
