TRENT LIMITED WINS THE “Golden Peacock Award for Excellence in Corporate Governance - 2024’’
Trent Limited has won the prestigious Golden Peacock Award for Excellence in Corporate Governance for the year 2024 at awards ceremony in London held on 13th November 2024. The award titled ‘Golden Peacock Global Award for Excellence in Corporate Governance – 2024 in a national category (Retail Sector)’.
The award was presented at the Golden Peacock Awards Presentation Ceremony in London in the presence of business and industry leaders during the Institute of Directors (IOD) ‘2024 Annual London Global Convention on Corporate Governance & Sustainability’.
This award is reflection of Trent’s commitment to upholding highest corporate governance standards and best practices which are embedded in its culture and guides the Company on its journey towards continued success.
Golden Peacock awards
The Golden Peacock Awards, instituted by the IOD, India in 1991, are now regarded as a benchmark of Corporate Excellence worldwide and over the time, have become a hallmark of excellence, both locally and globally. The Golden Peacock Awards recognise the best organization’s which have significantly embedded the risk management strategies, corporate governance and sustainability practices into their operations and decision-making processes, leading to improved company performance. The awards aim to promote business excellence by providing a transparent and 3-Tier evaluation process, based on internationally recognized
criteria.
TRENT @ JRD QV
The Tata Group's Business Excellence movement was founded on the adoption of the JRD Quality Value (JRDQV) for Performance Excellence and the promotion of a unified Tata brand name. This journey involves evaluating group companies’ progress using excellence frameworks, accelerating improvement through interventions, and fostering a learning ecosystem.
Each year, multiple Tata companies engage in Business Excellence Assessments, celebrating the spirit of Excellence. Achieving the 650-points milestone for the first time and demonstrating role model leadership earns the coveted JRDQV Leader award.
Trent being part of Tata Ecosystem embraced the journey of excellence for more than 20 years and exhibited a passionate pursuit of excellence. On 29th July 2023, on the birth anniversary of JRD Tata, Trent was awarded with the prestigious JRDQV award.
CDP SCORE
Trent strives to design & deliver fashion and lifestyle brands – responsibly and is on a journey of making its operations good for the environment, efficient for the customers and attractive for our stakeholders.
In this context, Trent has marked a remarkable progress and scored "B-" in the CDP (Carbon Disclosure Program) - Climate Change 2023 evaluation.
Trent is among the 44% of Asian companies reaching management level which represents "Taking coordinated action on climate issues" in the retail group.
Tata Affirmative Action Program
The Tata Affirmative Action Program (TAAP) recognises group companies who have included SC/ST, marginalised women, people with disabilities and contractual workers in their growth and impact journeys.
This year Trent has been conferred with the award for "Best Practices – Skills @ School Program" which gainfully impacts government school children from such backgrounds, giving them vocational training in new age skills, including financial literacy, which enhances their future livelihood prospects.