Page 25 - Tata_Chemicals_yearly-reports-2019-20
P. 25

Integrated report             Statutory reportS           Financial StatementS




            Engaging with our Stakeholders





            Engaging effectively with stakeholders enables us to understand and respond to
            their interests and expectations. It is an important driver for building long-term
            relations which facilitates us in delivering on our strategy.

            Importance of material issues in business context and how we address them

            Highly Critical Material Aspects
                                                       Relevant
            Key stakeholders and their                 Material     Various Platforms/Forums
            relevant matters                                        of Engagement
                                                       Issues
                   Shareholder and Investors            M3  M12     Annual General Meeting (AGM), Integrated Report to
                   Appreciation in share price and growth in dividends,       shareholders, investor/analysts meets, quarterly results, media
                   business profitability and sustainability, high-level of   releases, company website, reports to stock exchanges
                   corporate governance, environmental sustainability,
                   financial stability and development prospects
                   Customers                            M1  M2      Distributor /retailer/ direct customer meets, senior leaders
                   Consistent quality, responsiveness to needs,       customer meets/visits, customer plant visits, COO club, achievers
                   aftersales service, sustainability, responsible   M5      M6  meet, KAM workshops, focus group discussion, membership
                   guidelines, climate change disclosures, Sustainability   M7  in trade organisation /associations, complaints management,
                   Performance, Responsible Mining Code, product       helpdesk, conferences, joint business development plans,
                   quality and high-value products, Health & Safety,   information on packaging, customer surveys. CDP climate, water
                   Responsible marketing                            and supply chain reporting

                   Suppliers/Partners                   M2  M9      Supplier prequalification/vetting, suppliers meets, supplier plant
                   Quality issues, timely delivery, sustainability       visits, partnership meetings, MoU agreements, trade association
                   performance, safety checks, compliances, ethical   M12     meets/seminars, professional networks, Bhagidhari Sabha,
                   behaviour, ISO and OHSAS Standards, on time      contract management/review, product workshops/on site
                   payment                                          presentations, framework agreements




                   Government                           M3  M5      Advocacy meetings with local/state/national government and
                   Climate change roadmap, sustainability frameworks,       ministries, seminars, media releases, conferences, membership in
                   policy advocacy, discussions on Plastic Waste   M10 M11  local enterprise partnership, membership in industry bodies such

                   Management Rule, framework beyond compliance   M9  M12  as ICC, BCCI, CII, etc.
                   and responsible care, timely contribution to
                   exchequer, proactive engagement, contribution
                   to local infrastructure, skill and capacity building,
                   sustainable livelihood, clean and safe environment
                   Employees                            M2  M9      Senior leaders’ communication/talk, senior leadership forum,
                   Responsible care, innovation, operational        town hall briefing, goal setting and performance appraisal
                   efficiencies, improvement areas, employee   M12 M13  meetings/performance review, exit interviews, arbitration/

                   engagements, Long Term Strategy Plans, employee   M15  union meetings, wellness initiatives, focus on workplace safety,
                   benefits, training, awareness, brand communication,       employee engagement survey, email, intranet, flat screens,
                   Health & Safety                                  websites, poster campaigns, house magazines, confluence,
                                                                    circulars, quarterly publication, intranet, theatre workshops
                                                                    (oorja), newsletters


                                                                                                            23
   20   21   22   23   24   25   26   27   28   29   30