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

Transforming Together for a Sustainable Future

We envision playing an even greater role in significance and need for mined We have a vision of enhancing the
the nation's growth and in enabling India to commodities is now better appreciated. well-being of communities across
In Conversation with the Chairman become self-reliant in minerals and energy. India by uplifting 100 million women
Vedanta is already expanding its capacities Creating a greener product portfolio and and children through education,
in the aluminium and zinc sectors. providing a diverse mix of products that healthcare and welfare programs. At
As India ascends to a position of power and For a country as large as India to reach its for other emerging economies on their Additionally, our oil and gas operations, are address a variety of needs is major priority Vedanta, we promote equal access
leadership in the global arena, self-reliance in decarbonization targets without compromising journey of energy transition, and expanding their reserves with a vision to for us, and we are continuously driving to education, healthcare, nutrition
its energy and metals and mining sources will on equitable social development, we will have low-carbon growth and development. contribute 50% to India's total oil and gas innovation in this area. We have already and sanitation to create
"Transforming for Good," be crucial for reaching this position. Vedanta to start doing things very differently from the production. To strengthen our assets and launched two carbon-light and opportunities for people to improve
boost production, we have invested USD
their lives. This includes ensuring
encourages group efforts for with its portfolio of nine key metals and way we have done them so far. This is So, "Transforming for Good" is a very 1.2 billion in growth capital expenditures in ultra-carbon light aluminium products and that the children we support
minerals and vision of contributing to nearly
broad concept and we hope to achieve a
embodied in our vision, "Transforming for
similar efforts are underway. Greener
achieving inclusive, responsible, 50% of the nation’s oil and gas production, Good," which encourages group efforts to lot, across as many areas, as our FY 2023. Looking ahead, we anticipate products are the true litmus test for our complete secondary education and
and value-added growth. To has a pivotal role to play. We are boosting achieve inclusive, responsible, and initiatives spread and mature. committing an additional USD 1.7 billion in ‘Transforming Together’ endeavour – as a ending hunger and malnutrition in
provide real advantages to all production and investing to diversify our value-added growth. FY 2024 for various growth projects. manufacturer we are trying to make such our communities by 2030.
stakeholders, these efforts will be portfolio of assets in support of this. Our In your opinion, what is Vedanta's role in Promoting further investment in the mining alternatives available that serve the needs I am proud to say that in FY23, we
of these metals and minerals can support
driven by environmental Transforming for Good initiative seeks to Vedanta sees a bright future for itself as we helping India achieve self-reliance in the transition to a just society and to of the planet and also of its people. It is have made remarkable strides
minerals and metals and in its energy
stewardship and social equity, make a difference across the three pillars of partner in India's growth. Our strong position in transitioning by 2070? combat climate change. These upto our stakeholders to support, adopt towards combatting malnutrition and
planet, workforce and communities to create
base metals, which we are consolidating
and endorse such products, as only then
while working within a framework change that is deep rooted. further, will give us an advantage. We are also opportunities open avenues for fruitful will the transformation be truly sustainable. achieving zero hunger. This year,
of strong governance. India’s growth to greater economic might will focusing on ESG leadership as a strategic lever India's commitment towards achieving collaboration with the government and Nand Ghar has expanded to 4,500+
Net Zero emissions by 2070 has been a
be unique, as it will be a low-carbon based, to excel on all operational parameters. major turning point in the global effort to stakeholders at large, to create a We will also continue with our strategic locations across 14 states,
necessitating unprecedented ingenuity and Simultaneously, we are also diversifying and combat climate change. India is setting sustainable future. investments and prudent financial significantly increasing its reach. As
innovation. The Vedanta Group’s strengthening our talent pipeline, securing our the bar for a novel approach to economic management to ensure steady a part of its nutritional improvement
non-executive Chairman, Anil Agarwal, takes bonds with the community and enhancing the growth that might sidestep the Vedanta has been taking several initiatives shareholder returns and long-term impetus, Nand Ghar has introduced a
us through a host of issues covering the public support that we derive. Well-founded carbon-intensive strategies many nations in support of our organization’s Net sustainable growth. multi-millet nutribar to ensure
Company’s plans for the future; our vision for ESG leadership, that makes a long-lasting have previously adopted and it can serve Carbon Zero goal. Further, by 2030, we We have been continuously investing in comprehensive nourishment for
meeting the dual national priorities of low difference in its areas of impact, is a business as a model for other emerging markets. hope to have 2.5 GW of continuously volume expansion, backward integration every child in alignment with the
carbon use and fast-track economic growth; differentiator and we hope to entrench our India’s improved outlook in many ways is operating renewable energy (RE RTC) and value-added goods creation, and in International Year of Millets and the
the significance of ESG leadership and how position as a low cost producer in this way. attributable to the government’s quest for capacity. We have also implemented an quickly expanding digitalization. All such Poshan 2.0 initiative to enhance
Vedanta continues to assure steady Structural cost reduction and operational self-reliance in manufacturing, minerals innovative, market-leading EV policy that moves will continue as opportunities nutritional security.
shareholder returns through prudent efficiencies are well underway, and has helped and resources. While several countries will unify our transition to EVs, and we are emerge and business priorities evolve. Our
management and exemplary governance. our aluminium and zinc verticals to deliver a have found themselves precariously on schedule to completely decarbonize focus remains on lean operations and on Furthermore, our targeted social
record performance. We will be scaling up positioned, given their dependence on our fleet of light motor vehicles by 2030. growth that is backed by strong impact interventions continue to
Vedanta has the vision of "Transforming for these learnings across our businesses, to do others for key resources, India finds itself governance practices. positively transform the lives of our
Good". What are some of the key moves more with less and reduce our footprint too. in an advantageous position, particularly Going forward, what are some of the communities. I am delighted to share
that you are making towards realizing this in creating a resilient supply chain and core areas of focus for Vedanta in the Vedanta has been running that this year, we have touched the
vision? Fortifying our position as a low cost producer indigenous manufacturing. next decade? large-scale community impact lives of 44 million community

Over the next few decades India will be taking would also answer our inclusive goal as we Our goal of ‘Transforming Together’ programmes for several decades. members in India and abroad,
bringing about positive change.
a path that no nation has taken before. It will provide alternatives to those customer groups Vedanta has a portfolio of nine metals envisages a world that is much more Please take us through what has
be targeting the highest economic growth that have big ambitions but modest means of and minerals that play a significant role environment-friendly, sustainable and been achieved so far and your
rates in the world while lowering its carbon reaching them. in the development of the country and regenerative. Energy transitioning has
Anil Agarwal emissions to reach Net Zero by 2070. Those in achieving India's energy and mineral accelerated across the globe and the future areas of focus.
Non-Executive Chairman are tough targets to meet by any standards. In all these ways, we can serve as a role model independence.

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