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

Water Risk Assessment Water Risk management

Vedanta takes a science-based approach to Sustainable Development (WBCSD) All water-related issues come under direct practices across the organization in order
water management at each of our comprising of Water Risk Filter, India Water Board-level oversight. The Board’s ESG to safeguard water resources over the
operational sites and the process involves Tool Version 4 (IWT 4.0), and also WRI's Committee regularly reviews the water-related lifecycle of an asset. By doing so,
water risk assessment, risk categorization, Aqueduct Water Tool. status of our sites, going through comparability and parity in assessment is
targeted solution identification and assessments and performance metrics, ensured, leading to more effective
implementation followed by periodic The business units are categorized based on evaluating future scenarios and taking remedial measures being designed and
performance reviews. The water-related their overall water risk. Internal Risk decisions to ensure stability and consistency implemented.
business risk assessment is undertaken at Assessment of the business units includes of water resources. The Group Head – HSE &
the catchment level, over the lifecycle of an comparing the incoming risk likelihood score Sustainability updates the Board ESG Our stakeholder engagement standard,
asset covering, but not limited to, physical, with the outcomes from the Water Risk Committee on long-term actions that the helps us to identify and prioritize
regulatory, environmental/ ecological, Monetizer tool. Basin-level value chain water company is taking to better manage the stakeholders who are impacted by our
social/reputational, and economic risks to risk assessments are conducted to quantify evolving impact of climate change on our business operations or vice versa. Given
the business. inherent water risks, along with water supplies. The Board members are also that many of our operational sites are
local/operational assessments to measure informed about the progress on water situated in water-stressed regions, we
The baseline operational and basin water risk residual water risks. By combining basin and management as a part of the overview maintain a systematic approach towards
assessment for businesses and operational risk data, we identify the sites provided on the Group’s ESG performance. tracking and monitoring existing
communities is conducted using a suite of with the highest risk, residual risks, and stakeholder concerns around water and
tools from World Business Council for prioritise on shared water challenges. The Vedanta Water Management Standard the mitigation measures being taken. This
seeks to standardize water management approach helps us to address
water-related concerns proactively, take
steps towards sustainable water
Business Basin Risk Operational Risk management and collaborate with our
Unit stakeholders in ensuring a water-secure
Very Low Medium High Total Very Low Medium High Total
Low Risk Risk Risk Sites Low Risk Risk Risk Sites future for all.
Risk Risk
Another critical aspect of our water
Oil and Gas - - - 7 7 2 5 - - 7 management strategy is to review
water-related risks through the lens of

Aluminium - - 2 1 3 - 3 - - 3 regulatory changes and potential changes
in price structure. Aspects like water tariffs,
Iron and 6 1 8 withdrawal restrictions, discharge
Steel - - 3 9 - - 9
standards, discharge tariffs are
Power - - - 1 1 - 1 - - 1 independently evaluated to assess the
TSPL
extent and likelihood of their impact on
Sterlite - - 3 4 1 3 - 4 operations and how they can affect water
Copper 1 -
availability and viability.
Zinc - - - 9 9 - 6 2 1 9
Further, each of our operational sites have
a Water Management Plan (WMP). These
Total - - 11 22 33 4 26 2 1 33
plans are updated every year in
conjunction with the annual value of water
Very Low Risk Low Risk Medium Risk High Risk
balance assessed at each individual site.

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