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

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
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 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 expanding their reserves with a vision to for us, and we are continuously driving to education, healthcare, nutrition Vedanta has committed
its energy and metals and mining sources will on equitable social development, we will have contribute 50% to India's total oil and gas innovation in this area. We have already and sanitation to create to achieve
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
with its portfolio of nine key metals and way we have done them so far. This is boost production, we have invested USD ultra-carbon light aluminium products and their lives. This includes ensuring Net Zero
minerals and vision of contributing to nearly embodied in our vision, "Transforming for 1.2 billion in growth capital expenditures in similar efforts are underway. Greener that the children we support
50% of the nation’s oil and gas production, Good," which encourages group efforts to FY 2023. Looking ahead, we anticipate products are the true litmus test for our complete secondary education and
has a pivotal role to play. We are boosting achieve inclusive, responsible, and committing an additional USD 1.7 billion in ‘Transforming Together’ endeavour – as a ending hunger and malnutrition in Carbon
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.
portfolio of assets in support of this. Our Promoting further investment in the mining alternatives available that serve the needs by 2050 or sooner.
Transforming for Good initiative seeks to Vedanta sees a bright future for itself as we of these metals and minerals can support of the planet and also of its people. It is I am proud to say that in FY23, we
make a difference across the three pillars of partner in India's growth. Our strong position in the transition to a just society and to upto our stakeholders to support, adopt have made remarkable strides
planet, workforce and communities to create base metals, which we are consolidating combat climate change. These and endorse such products, as only then towards combatting malnutrition and
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,
India’s growth to greater economic might will focusing on ESG leadership as a strategic lever collaboration with the government and Nand Ghar has expanded to 4,500+
be unique, as it will be a low-carbon based, to excel on all operational parameters. 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 sustainable future. investments and prudent financial significantly increasing its reach. As
innovation. The Vedanta Group’s strengthening our talent pipeline, securing our management to ensure steady a part of its nutritional improvement
non-executive Chairman, Anil Agarwal, takes bonds with the community and enhancing 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 in support of our organization’s Net sustainable growth. multi-millet nutribar to ensure This year, Nand Ghar has
Company’s plans for the future; our vision for ESG leadership, that makes a long-lasting Carbon Zero goal. Further, by 2030, we We have been continuously investing in comprehensive nourishment for expanded to
meeting the dual national priorities of low difference in its areas of impact, is a business 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 operating renewable energy (RE RTC) and value-added goods creation, and in International Year of Millets and the 4,500+
the significance of ESG leadership and how position as a low cost producer in this way. 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 innovative, market-leading EV policy that moves will continue as opportunities nutritional security. locations across 14 states
shareholder returns through prudent efficiencies are well underway, and has helped 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 on schedule to completely decarbonize focus remains on lean operations and on Furthermore, our targeted social
record performance. We will be scaling up 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 governance practices. positively transform the lives of our
Good". What are some of the key moves more with less and reduce our footprint too. Going forward, what are some of the communities. I am delighted to share
that you are making towards realizing this 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 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 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 environment-friendly, sustainable and been achieved so far and your
rates in the world while lowering its carbon reaching them. regenerative. Energy transitioning has
emissions to reach Net Zero by 2070. Those accelerated across the globe and the future areas of focus.
are tough targets to meet by any standards. In all these ways, we can serve as a role model

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