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

Aim 9

Adhere to global business standards of corporate governance

Key Material Issues Ethical lapses, such as fraud, bribery, ethical behaviour, and provides Statutory committees (Audit & Risk
Business Ethics & Corporate Governance, or non-compliance with laws and effective guidance for Vedanta's Management, Nomination &
Risk Management and Controls, Data Privacy & Cybersecurity regulations, can result in legal operations and strategy. At Vedanta, Remuneration, Corporate Social
penalties, reputational damage, and the objective of CBCE is to build Responsibility Committee and
financial losses. Effective corporate positive stakeholder relationships Stakeholders' Relationship Committee),
governance is embedded in our code through a well-defined framework of that play a crucial role in executing their
of business conduct and ethics policies, standards, procedures, and designated tasks on behalf of the Board.
(CBCE). It plays a crucial role in defining obligations.
rules for professional conduct that are
Business ethics is a material topic as it directly impacts consistent with our values and To facilitate specific responsibilities, Corporate Governance Award conferred
the company's reputation and the level of trust a company purpose, risk management, promoting the Board has established four by the Indian Chamber of Commerce
builds with their stakeholders. Ethical misconduct can
create significant risks for a company. It can lead to

reputational damage, loss of customers and investors,
employee turnover, lawsuits, and financial penalties. By
prioritising business ethics, Vedanta mitigates these risks
and protects the long-term sustainability of its operations.

SEVEN PILLARS OF VEDANTA

Sustainability, People Values, Digitalisation, Quality Growth Giving back to
Health, Ethics & Innovation, Community/
Safety & Governance Technology Society
Environment & Excellence

GUIDING PRINCIPLES

Transparency Policies & Managment/ Values & Monitoring Executing
and Regulatory Board and Ethics & Internal Strategy &
Accountability Framework Committees Control Managing Risk

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