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TRANSFORMING TRANSFORMING TRANSFORMING
SUSTAINABILITY REPORT FY 2023 COMMUNITIES THE PLANET THE WORKPLACE

Climate Governance

Climate change is considered a crucial 4-stage GHG Reduction Roadmap aligned We are fully committed to becoming a "Net Zero Carbon" organization by 2050, or Net GHG emissions of
governance issue at the Board level, and with 2⁰ C scenario. potentially even sooner. To achieve this goal, the Company has identified four key 3.31 MTCO e against
2
it is regularly discussed in various levers that will help us to reduce GHG emissions and meet our 2030 emission FY 2021 baseline and
contexts such as strategy discussions, targets. These levers will pivot around renewable energy deployment, switching to 14.73 MTCO e against
2
business performance, investment low-carbon or zero-carbon fuels, improving energy and process efficiencies, and 2012 baseline
decisions, and the assessment of From 2021 to 2025, we plan to reduce purchasing carbon offsets for residual emissions.
scenario triggers and signposts . The GHG intensity (TCO e/MT) of our metal
2
Board members bring diverse expertise businesses by 20%, with the cumulative
from sectors including resources, energy, change achieved being assessed in FY Levers for achieving decarbonization
finance, government, and public policy. 2025, for a FY 2021 baseline.
Lever 1: Increasing Renewable Energy Lever 3: Improving the energy and process efficiency
of our operations
At Vedanta, we have implemented a
comprehensive governance framework • By end of FY 2023, power delivery agreements
to effectively integrate climate change From 2021 to 2030, we will create (PDAs) for 788 MW of renewable energy have • Several energy efficiency projects completed:
been finalized and an additional 50 MW has
considerations into our business renewable energy capacity that can been approved by the Board. (i) R&M of 1 unit of 600 MW at VAL Jharsuguda Savings potential
370,000 TCO e/year
operations and strategic planning. ensure 2.5 GW of Round-The-Clock • Resultant avoidance of 6.6 million tonnes of 2
The Board assumes responsibility for (RTC) equivalent renewable power CO e per year (ii) VAL Lanjigarh Evaporation - 1 Calendria 1 & 2 tubes
replacement Savings potential 18,000 TCO e/year
2
2
overseeing all sustainability matters, power for our facilities by FY 2030. • 32% of the target of 2,500 MW RE-RTC power (iii) VAL Lanjigarh Boiler 2 junior APH replacement Savings
which includes the climate change by 2030, aligned potential 16,000 TCO e/year
2
agenda. (iv) ESL Fuel crushing index improvement Savings potential
31,000 TCO e/year
2
Aligning with the global call for climate Between 2026 to 2030, we will push Lever 2: Switch to low-carbon/zero- (v) ESL LD gas recovery project completion Savings potential
action and transparency, we have taken towards decarbonisation to actually start carbon fuels 18,000 TCO e/year
2
the bold step of integrating climate yielding results. We anticipate a reduction
considerations into our long-term in our absolute GHG emissions in line with • Target of 5% coal substitution with biomass in Several projects are planned with the target of bringing energy
efficiencies to the aluminium sector. These include:
strategies and decision-making our target of 25% absolute GHG our thermal power plants
processes. Our management is firmly emissions reduction by FY 2030. This will (i) In FY 2023, 4x YoY growth in biomass usage, (i) 100% graphitisation with copper inserted collected bar Savings
potential: 1.1 MnTCO e/year
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committed to stewarding a low-carbon be against a FY 2021 baseline. reaching approx 78,000 MT (ii) Vedanta pot controller implementation Savings potential: 0.2
growth path for our Company and • Fleet electrification for mining fleets and MnTCO e
2
oversees the systematic implementation Light-Motor-Vehicles: (iii) Commissioning of TRT and BPRT at ESL Savings potential:
of our climate-focused strategies. Our (i) HZL launched its first BEV for working 82,000 TCO e/year
2
ESG Board Committee meets twice a underground and first (iv) Natural gas usage at Lanjigarh alumina refinery Savings
LNG-powered 55-tonne heavy-duty trucks
year to discuss climate issues and their Beyond 2030, we will deploy emerging potential: 1,20,000 TCO e/year
2
implementation. Climate issues are also technologies at scale and expand our (ii) Jharsuguda facility is running 27 electric
forklifts
on the agenda of the Board of Directors renewable energy capacities to become a
and come up for annual review and net-zero carbon business by FY 2050. • Biofuel trials underway at BALCO and Purchase of carbon offsets for residual
discussion. VAL-Jharsuguda and will soon start at Sterlite emissions Lever 4
Copper and Sesa VAB
We will consider this option for hard-to-abate GHG emissions at the
Our climate change strategy and end of our target period, once our mitigation drives are over.
roadmap follows the guidelines set by
the Paris Agreement to limit global
temperature rise to well below 2°C,
ideally within 1.5°C. The strategy We aim to spend US$ 5 billion over the next decade to expedite our transition towards Net Zero operations.
revolves around:

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