Disclosure under Reg 30 & 51 of SEBI LODR, 2015

Tata Steel receives an unsolicited ESG score of 68.3 (Grade B) for 2026.

What the company is saying

Tata Steel Limited is disclosing that SES ESG Research Private Limited, a SEBI-registered ESG rating provider, has voluntarily and independently assigned it an adjusted ESG score of 68.3, corresponding to a Grade B, for the Metals and Mining Sector in 2026. The company emphasizes that it did not engage or commission SES ESG for this rating, clarifying the rating was unsolicited and based solely on publicly available data for FY2025-26. The announcement is framed as a regulatory disclosure under SEBI LODR Regulations, with no promotional language or claims about the score’s significance. Tata Steel provides the assignment date (September 17, 2026) and the disclosure reference number (SEC/1064/2026-27), maintaining a neutral and factual tone throughout. No executives are quoted, and the company does not interpret or contextualize the score within its broader ESG or business strategy.

What the data suggests

The only quantitative data disclosed is the ESG score of 68.3 (Grade B) for 2026, assigned by SES ESG based on FY2025-26 public information. This rating was not solicited by Tata Steel and reflects SES ESG’s independent assessment. No financial, operational, or comparative ESG metrics are provided, so the score cannot be benchmarked against peers or previous years. The disclosure is complete regarding the ESG score’s provenance, timing, and regulatory context, but lacks detail on underlying ESG performance drivers or how this rating might impact Tata Steel’s operations or capital access. The evidence supports only the fact of the unsolicited rating and its methodology, not any broader ESG or financial trajectory.

Analysis

The announcement is a factual disclosure regarding the voluntary assignment of an ESG score (68.3, Grade B) to Tata Steel Limited by SES ESG Research Private Limited. All claims are realised and supported by specific data, such as the score, grade, assignment date, and the financial year of data used. There are no forward-looking statements, projections, or aspirational language present. The tone is neutral, and the company explicitly clarifies that the rating was unsolicited and based on publicly available information. No capital outlay, operational initiatives, or financial performance metrics are discussed. The disclosure is regulatory in nature and does not attempt to inflate the company's achievements or prospects.

Risk flags

• ●The unsolicited nature of the ESG rating means Tata Steel had no input or opportunity to verify the underlying data or methodology, raising the risk of misinterpretation by stakeholders who may assume company endorsement.
• ●The lack of comparative or contextual information limits investors’ ability to assess the materiality of the 68.3 (Grade B) score, making it difficult to gauge whether this rating signals ESG strengths or weaknesses relative to sector peers.
• ●Reliance on publicly available data for the ESG assessment may omit material non-public ESG initiatives or risks, potentially leading to an incomplete or skewed picture of Tata Steel’s actual ESG profile.

Bottom line

This announcement informs investors that Tata Steel Limited has received a voluntary, unsolicited ESG score of 68.3 (Grade B) from SES ESG for 2026, based on FY2025-26 public data. The company neither commissioned nor influenced the rating, and provides no commentary on its significance or implications. The disclosure is regulatory and factual, offering no insight into how this score compares to industry benchmarks or past performance. Investors should treat this as a routine update with limited actionable value, as it does not reflect a change in Tata Steel’s ESG strategy, operations, or financial outlook. The most important takeaway is the existence of a new, independently assigned ESG score, not a shift in company fundamentals.

Announcement summary

(LSE:TTST) Tata Steel Limited announces that SES ESG Research Private Limited, a SEBI Registered ESG Rating provider, has voluntarily assigned Tata Steel Limited an ESG score (Adjusted) of 68.3 (Grade B) in the Metals and Mining Sector for 2026. The ESG score was assigned on September 17, 2026. Tata Steel Limited states that it has not engaged SES ESG to provide ESG rating services. The ESG report was prepared by SES ESG voluntarily and independently. The report is based on publicly available data pertaining to FY2025-26 and other available information about Tata Steel Limited. This disclosure is made in accordance with Regulation 30 and Regulation 51 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The reference number for this disclosure is SEC/1064/2026-27. The disclosure is dated September 18, 2026. The announcement is addressed to the London Stock Exchange. SES ESG is identified as a SEBI Registered ESG Rating provider. The ESG score assigned is specifically for the year 2026. The grade assigned alongside the score is Grade B. The disclosure clarifies that the ESG rating was not solicited or commissioned by Tata Steel Limited. The information is provided for the records and information of stakeholders.

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