Abbreviations and glossary

Biofuel

Fuel derived from biomass

CAPEX

CAPital EXpenditure

CBAM

Carbon Border Adjustment Mechanism (an EU climate policy tool placing a fair carbon price on imported carbon-intensive goods, including steel)

CCS

Carbon Capture and Storage

CLA

Collective Labour Agreement

CO₂

Carbon dioxide

COR

Central Works Council (Centrale Ondernemingsraad)

CSRD

Corporate Sustainability Reporting Directive (EU regulation requiring companies to report on the environmental and social impacts of their business activities)

DRI

Direct Reduced Iron

DRP

Direct Reduction Plant

DSP

Direct Sheet Plant

EAF

Electric Arc Furnace

EIA

Environmental Impact Assessment

ESG

Environmental, Social and Governance (a framework used to measure a business’s sustainability, social impact and long-term risk management beyond just financial performance)

ESRS

European Sustainability Reporting Standards (mandatory rules for companies under the Corporate Sustainability Reporting Directive (CSRD) to report on environmental, social, and governance (ESG) impacts)

FY

Financial Year (1 April to 31 March)

GHG

Greenhouse Gas

HSE

Health, Safety & Environment

ISO

International Organisation for Standardisation

IRBC

International Responsible Business Conduct (commitment of companies to conduct international business in a way that respects human rights, labour rights and the environment)

JLoI

Joint Letter of Intent

KPI

Key Performance Indicator

LTI

Lost Time Injury (work-related injury or illness that prevents an employee from performing their regular duties)

LTIFR

Lost Time Injury Frequency Rate (indicates the number of incidents resulting in sickness absence per million hours worked)

NGO

Non-Governmental Organisation

NOx

Nitrogen Oxides

OECD

Organisation for Economic Cooperation and Development (international organisation of currently 38 member countries committed to democracy and the market economy, focusing on promoting policies that improve economic and social wellbeing worldwide)

PAH

Polycyclic Aromatic Hydrocarbons (a class of organic compounds created primarily by the incomplete combustion of organic materials like coal, oil, gas, wood and garbage; they are prevalent environmental pollutants found in air, soil and water)

REACH

Registration, Evaluation, Authorisation and Restriction of Chemicals (EU regulation designed to protect human health and the environment from chemical risks requiring companies to register, assess and manage risks for substances manufactured in or imported into the EU)

RMI

Responsible Minerals Initiative (one of the world’s largest industry associations focused on advancing responsible mineral sourcing across global supply chains)

Roadmap (Plus)

A package of measures taken to reduce emissions and the nuisance experienced by the local community

SCALE

Sustainability, Cost-Efficiency, Agility, Leadership, Execution

TCCT

Trivalent Chromium-Coating Technology (a sustainable and reliable packaging material developed by Tata Steel as a replacement for conventional tin-free steel)

TMA

Tailor-Made Agreement

TRIFR

Total Recordable Injury Frequency Rate (indicates the number of medical treatment cases per million hours worked)

TSDE

Tata Steel Downstream

TSIJ

Tata Steel IJmuiden

TSL

Tata Steel Limited

TSN

Tata Steel Nederland

TSNH

Tata Steel Nederland Holdings BV

Zeremis

Short for zero emissions: brand name for low-carbon steel propositions