Integrated Annual Report 2021-22
Approach to Governance
Responsibility led by values

Our business operations, strategy, growth prospects and overall transformation are led by our visionary leadership, comprising our Board and Management. Our leaders and, in turn, the organisation are further guided by the principles of the Tata Code of Conduct and the Tata Business Excellence Model. These principles guide the organisation’s growth, along a sound and sustainable pathway.

With our core objective of ‘Leadership with Care’, we aim to drive initiatives that are material to our Company and its stakeholders as well as in line with national thrust areas for development. Furthermore, we have strengthened our sustainability strategy in line with our goal to become carbon net neutral before 2045. An augmented element of sustainability to Tata Power’s core governance structure has paved the way for numerous sustainability-related policies that effectively govern our strategic direction and ability to create value.

The Board of Directors is kept informed about regulatory changes, CSR and sustainability related matters to gain valued perspective and strategic orientation for the future performance of our Company. In addition, we have successfully completed a Senior Leaders’ Development Programme (SLDP) in partnership with IIM Ahmedabad. This is an on-campus leadership development journey, which covered diverse modules such as emerging business models, customer-centric strategic planning, digital transformation, design thinking, and disruptive innovation, among others.

Tata Power’s Policies

  • Health and Safety Policy
  • Corporate Sustainability Policy
  • Human Rights Policy Corporate
  • Environment Policy
  • Whistle Blower Policy
  • Responsible Supply Chain Management Policy
  • Risk Management Policy
  • Safety Code of Conduct

Further details on our policies can be accessed here

Leading with responsibility and empathy

We employ a responsible approach to enhance organisational performance across the economic, environment, social and governance paradigm. We consciously conduct business in an ethical and fair manner, propagating a corporate culture that is socially and environmentally responsible. For FY22, there were no cases pending in line with unfair trade practices, irresponsible advertising and/or anti-competitive behaviour. Additionally, there were no cases of corruption, with reference to our employees or our business partners.

We strongly encourage respect for human rights and the dignity of all people in line with Tata Power’s core values. We are humbled to state that, to the best of our knowledge, there have been no complaints concerning the rights of indigenous people, child labour, forced labour, freedom of association, the right of collective bargaining and gender or social discrimination. Besides, we comply with product and service regulations in regard to health and safety impacts, marketing communication as well as information and labelling. In FY22, there were no pending or unresolved show-cause notices issued from the Central Pollution Control Board (CPCB) or State Pollution Control Board (SPCB). At Tata Power, compliance is ubiquitous to our value creation story and we are proud to state that there have been no significant regulatory fines or sanctions for noncompliance with environmental or social local and national laws. All shareholder complaints received during FY22 have been resolved.