Business Ethics Tata Steel Group - 1353 Words

Abstract The purpose of this study is to highlight on the different Introduction Tata Steel is the second largest steel producer in Europe and has its main steelmaking plants in the UK and Holland. It supplies steel and related services to major industries, such as construction, vehicle production and packaging. The European operations are a subsidiary of Tata Steel Group, one of the world’s top ten steel producers. The combined Group has around 80,000 employees. Ethics in business Business ethics Business ethics means ‘taking the right course’. Acting ethically takes into account all the factors of doing business. These include production, business processes, and the company’s behaviour with its customers and the communities in which it operates. It is about doing the right thing in everything the company does. A commitment to environmentally-sound practices is part of many businesses’ commitment to act responsibly. Social responsibility refers to an organisation’s obligations to maximise its long-term positive impacts and minimise its negative impacts on society. For Tata Steel, it is a core part of its vision to be ‘the global steel industry benchmark for value creation and corporate citizenship.’ Tata Steel is committed to tackling the challenges of sustainability. This means that it takes its responsibility towards both the environment and its communities seriously, balancing these against the need to make a profit. It has put systems in place to meetShow MoreRelatedTata Steel Group, Their Ecological And Health Hazards1532 Words   |  7 PagesDynamic The reason for this study is to highlight on the basic parts of any business, breaking down the three distinct parts of Tata steel Group, their ecological and Health hazards, their Business Ethics, their employment and destinations security lastly their staff wellbeing. 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