The Tata way An ethos of caring and sharing Conceived and produced by Group Publications Bombay House, Mumbai, India Email:
[email protected] For a copy of this book, please contact: Tata Sons 1700 North Moore Street, Suite 1520 Arlington, VA 22209-1911 Email:
[email protected] Copyright © 2012 Tata Sons Limited. All rights reserved. Private and confidential, for restricted and authorised circulation only. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, without the prior, written permission of the publisher. All dollar conversion rates in this publication are as of February 2011; all converted values are approximate Contents 7 FOREWORD Ratan Tata, Chairman, Tata Sons 10 LEADERSHIP WITH TRUST About the Tata group 12 THE RAINBOW EFFECT The corporate sustainability vision at Tata Corporate sustainability projects by Tata companies 30 A TRADITION OF TRUST Tata trusts’ legacy of philanthropy Some significant projects of Tata trusts 52 TEMPLES OF KNOWLEDGE Tata Memorial Centre Tata Medical Center Indian Institute of Science 61 Tata Institute of Social Sciences HOMAGE TO HERITAGE Tata Institute of Fundamental Research Tata support for the arts and culture J.R.D. Tata Ecotechnology Centre 69 BUILDING STRONG BONDS Tata in North America Corporate sustainability projects by Tata companies in North America Foreword Ratan Tata, Chairman, Tata Sons he philosophy of corporate His sons and, subsequently, J.R.D. Tata embodied sustainability (C.S.) as practiced by the same values in their corporate actions. The T Tata companies is a legacy of this multitude of initiatives Tata companies have sowed organization’s founders, most and fostered from their earliest days — in prominently Jamsetji Tata.