In our endeavour to build a sustainable future, we, at Tata Power, aim to develop strategic partnerships with our stakeholders and increasingly engage them in the Company’s activities and operations. Stakeholder inclusivity and prioritisation ensure the correct understanding and adequate response to stakeholder needs, interests and expectations. Our engagement approach has been curated to address the critical nature of our business scope and outcome.
Tata Power’s Stakeholder Engagement Strategy
Our stakeholder engagement strategy ensures a precise level of advocacy and transparent communication with our stakeholder groups on the challenges that Tata Power faces as well as the various opportunities and initiatives introduced to address stakeholder concerns. Accordingly, we formed strategic stakeholder groups based on specific criteria in accordance with the nature of each group. Our stakeholder engagement process has incorporated requisite channels of communication to build on our robust relationships as well as increase our understanding of stakeholder concerns and challenges. Our interaction with stakeholders also enabled us to develop a better perspective on relevant material matters for Tata Power. This, in turn, helps to improve the overall strategy and orientation of our businesses.
Stakeholder
Groups
Why are they
important
Engagement
Mechanisms
Stakeholder
Recommendations
Investors
Provision of financial capital that
enables the sustainable growth of
Tata Power
important
Lenders
Provision of debt capital to the expansion of Tata Power’s business activities
Regulatory Authorities
Access to operating licences and the imposition of regulatory measures
Customers
Bedrock for our growth as a Company
Board of Directors & Leadership
Ensures the prosperity of Tata Power through collective direction of the Company’s affairs whilst meeting the appropriate interests of our stakeholders and shareholders
Employees
Form the backbone of our business activities and play an important role in improving productivity, efficiency and boost our profits
Suppliers/ Vendors
Help us develop our business ecosystem, support our sustainability initiatives and create shared value
NGO
Enable better implementation of our environment and social initiatives
Local Community
Provides a better socio-economic context in our operating environment to ensure long-term viability of our business activities
Media
Plays a vital role in keeping our stakeholders informed of business developments, new products and services as well as the impact of our business operations
Employee Unions
Help set standards for education, skill-levels, wages, health and employee benefits and working conditions of our employees