MATERIALITY

ADDRESSING MATERIAL MATTERS

At Tata Projects, we identified, prioritised, and validated our strategic goals in line with the sustainability journey through effective driving of comprehensive stakeholder engagement process. Determining materiality helped understand topics relevant to our business and to various stakeholders

We conducted a structured materiality assessment, wherein we proactively engaged with our stakeholders with an internal and external point of view to understand issues that substantively influence their assessment and decisions. We also interacted with our top management to understand the strategic significance of our top issues and further prioritize them for defining the report content. We reviewed our earlier conducted materiality assessment to assess its relevance and adequacy to our current business scenario.

Our materiality assessment entailed revisiting our materiality matrix identified and prioritised as per their impacts on our business by conducting dissemination sessions in FY2018 to ensure the topics sufficiently signify our performance and risks through the business cycle.

There are 23 material aspects that have emerged. Of these, 13 aspects have emerged at high impact zone. These are – labour-management, occupational health & safety, economic performance, material management, employee, human rights, organisational governance, risk management, emissions, energy, water & waste management and local communities.

Materiality Analysis Process
material

Identification of Material Issues

Based on our proprietary benchmark and framework review process, we have isolated 17 sustainability issues that are material to Tata Projects. These issues are categorised under E, S and G.

Environment
  • Emissions
  • Energy management
  • Green portfolio
  • Waste and circular economy
  • Water and effluents
  • Bio-diversity and noise management
Social
  • Diversity and inclusion
  • Employee management and development
  • Human rights
  • Local community support
  • Occupational health and safety
  • Product safety and quality
  • Sustainable supply chain
Governance
  • Business ethics and compliance
  • Digitisation and innovation
  • Risk management and business continuity
  • Sustainable corporate governance

TATA Projects Materiality Matrix

TPL

Chapter Reference

Economic

Towards a Sustainable Future

Corporate Governance

Corporate Governance

Environment

Simplifying Ecological Sustainability

Material Topics Key Action Point FY2023 Highlights
Environment
Emissions
TPL 		Focused interventions towards monitoring and reducing energy consumption through various energy and emission saving initiatives
  • 9% increase in installation of LED in lighting w.r.t FY2022.
  • TMU 990Kwp & MTHL 330kwp solar power installed and commissioned and in full operational through out the FY
  • Prestigious recognitions such as Exemplary performance award by GRIHA council, Apex India Green Leaf award, Maha Pune metro, and Sustainability Practitioners Recognition program awards for environment Best Practices.
Social
Occupational Health and Safety
TPL 		Implementation of TQDigilytics to prompt increase in reporting observations & near misses Effective implementation of corrective actions from audits & incident learnings
  • Accident Frequency Rate of 0.126 / Accident Severity Rate of 61
  • multi-fold Increase in leading indicators related to identification & Closure of safety observations & near misses
  • 35 awards, including prestigious recognitions such as the International Safety Award by the British Safety Council, RoSPA award, NSCI Safety Award, and the CII Award for OHS Best Practices
Product Safety and Quality
TPL 		Create a customer satisfaction survey to understand if the safety & quality expectations of each project is met Monitor and report the number of project reconstructions due to safety & quality issues Safety & Quality expectations were being monitored through outcome of customer satisfaction survey and external customer survey shall be conducted in FY2024
Employee Management and Development
TPL

Increase training hours for each employee & introduce job-specific mandatory training
Create an internal talent pipeline to identify emerging talents for potential leadership roll

  • TPL Academy LMS also provides employees access to Tata Tomorrow University (TTU) & NPTEL Courses website through Single Sign on.
  • In FY2023, Talent identifications through leadership potential assessment was done by IIM Ahmedabad 2nd Future Leadership Development Program focus on general management was commenced & 1st batch reached the final stage of completion of the course and 02 batches with 40 participants each execution excellence programmes for our Project team leads who are directly involved in execution was conducted through IIM Ahmedabad.
Governance
Business Ethics and Compliance
TPL
  • Review, updation of policies, communicating, Internal training plan for all available polices.
  • Whistle-blower policy and mechanism for reporting on breaches of the Code of Conduct.
  • Policies availability to public
  • 100% employees received training/ communication Anti-corruption, POSH, D&I, Transgender act, TCOC and ABAC online refresher courses etc., were conducted.
  • TPL Whistle-blower policy is in place.
  • TCOC, TPL Anti bribery Anti Corruption policy, TPL Whistle-blower policy, TPL Anti Fraud policy, TPL Conflict of interest policy,TPL Prevention of Sexual Harassment policy are available on the website at: www.tataprojects.com About Us - Culture and Values
Risk Management and Business Continuity
TPL 		Roll-out of integrated Risk Management program to acknowledge and address risk at every level
  • TPL Academy LMS also provides employees access to Tata Tomorrow University (TTU) & NPTEL Courses website through Single Sign on.
  • Risk Assessment Criteria were clearly defined to distinguish between High, Medium and Low level of Risk Exposure. Appropriate options are explored and exercised to bring risk exposure within acceptable limits.
Sustainable Corporate Governance
TPL 		Deploy an ESG roadmap with ambitious targets for each material topic, and identify responsible personnel for each target
Build a better ESG understanding across board executives and BU leaders with compulsory annual ESG training 		Risk Assessment Criteria were clearly defined to distinguish between High, Medium and Low level of Risk Exposure. Appropriate options are explored and exercised to bring risk exposure within acceptable limits.
Revised ESG Policy & charter were released & communicated across.

Where the Impacts Occur

TPL Internal

TPL External

Our Involvement with the Impact

TPL Direct

TPL Indirect