Tata Power - Ethics

Ethics at Tata Power

Our Commitment to Ethical Excellence

We prioritise the equilibrium between profitability and responsibility to our stakeholders. Our corporate governance framework promotes ethical practices throughout the organisation, while transparent communication ensures effective engagement with stakeholders. We strive to attain our "Leadership with Care" goal by undertaking initiatives that advance our Company, stakeholders, and national development objectives. Tata Power's governance system comprises sustainability guidelines to steer our strategic course and generate value. The Board remains updated on regulatory reforms, CSR, and sustainability issues to ensure future business success.

Governance Structure

Stakeholders

At Tata Power, we believe that a strong ethical foundation is the cornerstone of a successful and sustainable business. We are committed to upholding the highest standards of integrity, transparency, and fairness in all our endeavors. We have a zero-tolerance policy for ethical violations and take every concern raised by stakeholders seriously. All concerns raised by our stakeholders are thoroughly investigated by an independent team to ensure transparency and trust. In case of ethical violations, prompt and appropriate disciplinary actions are taken. These actions may encompass transfer, termination, grade and salary adjustments, termination of vendor association, and more. We firmly believe that ethics is an ongoing journey of improvement. The outcomes of investigations are carefully reviewed, and our business processes are modified or updated based on recommendations from the investigation team.

The Tata Code of Conduct (TCOC):

The Roadmap to Ethical Excellence

A strong ethical culture is a collective responsibility. To achieve this, all employees and stakeholders are expected to read and abide by our TCOC. This comprehensive code serves as a guiding compass for ethical decision-making and empowers everyone to navigate their professional journey with integrity.
Empowering with Knowledge:

Ethics Training via e-modules

As a responsible and ethical organization, we prioritize adherence to our core values. To ensure a culture of integrity and compliance, all employees are required to undergo mandatory training through e-modules on TCOC and Anti-Bribery and Anti-Corruption Policy. These training sessions equip our workforce with the knowledge and awareness needed to uphold ethical standards in all aspects of their work. As part of our commitment to continuous improvement, we meticulously track and monitor employee training completion through the employee appraisal cycle. By fostering a well-informed and morally conscious workforce, we collectively contribute to a stronger and more sustainable organization.
Listening, Learning, and Growing Ethically:

The Perception Survey

To gauge awareness, commitment and effectiveness of our actions, we conduct a ‘perception survey’ among employees and relevant stakeholders once in two years. This survey, supported by an external agency, gives us invaluable insights into the strengths and areas of improvement in our ethical processes.

Based on the outcomes of this survey, we improve the ethics processes in order to enhance positive perception and deepen the commitment to ethics among all our employees and stakeholders. This assurance process continues to provide deeper insights and assist the company to continuously engage with employees and key stakeholders more deeply in ethical processes and practices.
Setting High Standards:

The Annual Compliance Report

At Tata Power, we believe in holding ourselves to the highest standards of ethics and compliance. To ensure the effectiveness of our ethical practices, the Tata Group Ethics Office (Tata Sons Pvt Ltd) with support of independent third party professional firm (EY), conducts assessment of Annual Compliance Report (ACR). Based on the assessment, companies are rated on 4 levels of maturity scale (Basic, Evolving, Established and Advanced) for each of the 4 pillars of the ethics framework. These pillars include Leadership, Compliance Structure, Communication & Training, and Measurement of Effectiveness. Our commitment to excellence has earned us with the highest rating consistently for all four pillars of the ethics program for last 6 years. The ACR process enables us to continuously improve and further our ethical activities and processes.

The Rating Scale Framework

Basic
Inconsistent application of the compliance programme
Evolving
Application of a few parameters of the compliance programme
Established
Application of many parameters of the compliance programme
Advanced
Consistent application of most parameters of the compliance programme

Ethics a way of life @ Tata Power

Together, as a united force, we achieve greater heights while upholding the ethical values that have shaped Tata Power for generations shaping success and legacy.

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