Reference no: EM133173661

Description:

Tata Steel is the second largest steel producer in Europe and has its main steelmaking plants in the UK and Holland. It supplies steel andrelated 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.

Business ethics means 'taking the right course'. Acting ethically takes into account all the factors of doing business. These includeproduction, business processes, and the company's behaviour with its customers and the communities in which it operates. Sustainability isabout meeting the challenges of ensuring that future generations can enjoy the same kind of lifestyles people enjoy today. The Tata Steel definition of sustainability is 'an enduring and balanced approach to economic activity, environmental responsibility and societal benefit'

This case study shows how Tata Steel upholds its commitment to sustainable and environmental practices as part of its overall aim to act responsibly. It shows commitment and progress towards key targets of sustainability as well as encouraging sustainable decision-making inits customers and within their markets.

Analyse the given case study in your own words and answers the given questions;

1. Describe what is meant by 'ethical business practice'
2. Explain how sustainable practice can help a business to compete
3. Analyse why Life Cycle Analysis is a more accurate type of analysis than just looking at the carbon footprint of the 'use-phase' of amaterial
4. Evaluate the contribution of Tata Steel to sustainable and ethical business practices