Our approach to reporting

Through this third Integrated Report for FY 2018-19, we, at the Tata Motors Group intend to provide a concise, transparent and balanced presentation of our value-creation process for all our stakeholders. The Report provides insights into our key strategies, operating environment, risks and opportunities, governance structure and holistic approach towards long-term sustainability.

Responsibility statement

In order to optimise governance oversight, risk management and controls, the contents of this Report have been reviewed by the Members of the Executive Committee of Tata Motors.

Reporting principle

The financial and statutory data presented in this Report is in line with the requirements of the Companies Act, 2013 and the rules made thereunder, the Indian Accounting Standards, the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Secretarial Standards issued by the Institute of Company Secretaries of India. The non-financial section of the Report is guided by the Integrated Reporting framework of the International Integrated Reporting Council (IIRC). The information on environmental, social and governance performance of TML follows the Global Reporting Initiative (GRI) Standards and is reported in accordance with the 'Comprehensive’ criteria.

Materiality and scope of the Integrated Report

This Report includes information that is material to our stakeholders and it presents an overview of our businesses and associated activities that help in short-, medium- and long-term value creation. We have also presented information around our strategic approach towards the material issues.

Assurance statement

Assurance on financial statements has been provided by independent auditors BSR & Co. LLP and non-financial statements of TML is assured by TUV India Private Limited. The assurance has been given against the Report’s adherence to the International Framework of the IIRC and the GRI's Sustainability Reporting Standards. The assurance report issued by TUV India Private Limited is available on our website www.tatamotors.com

MULTI-CAPITALS APPROACH

This Report provides an in-depth view of Tata Motors’ holistic approach towards creating value for customers, employees, shareholders and the environment. Tata Motors takes both financial and non-financial aspects of value creation into account. The Report covers extensive financial and non-financial information of TMLand its key subsidiaries, JLR and TMF Holdings Limited. The information presented covers the various capitals that are used or impacted– Financial, Intellectual, Manufactured, Human, Natural and Social and Relationship.