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

Compliances, Audits
and Controls
There are other unprecedented risks to Industry Thinktanks & Academic NGOs and Civil
operations that is significant with respect Compliance, audits and control Associations Subject-matter Institutions Society
to the long-term impact on Vedanta’s is to ensure that an effective expert Organisations Organisation
business activities, listed below. While audit and assurance
these risks may not have a clear financial programme is in place in Aluminium Association of India Quality Circle Forum of India IIT Madras Wockhardt Foundation Charbhuja Filling
impact, their potential impact on the relation to the management of Station
Company’s business is already assessed, sustainability-related risks and
and mitigation strategies are already overall sustainability Federation of Indian National Safety Council IIM Sambalpur Action for Food Middle East Council
Production
of Churches (MECC)
developed for each risk. performance. This includes Mineral Industries (FIMI)
Risk Culture having a system that evaluates International Zinc Association TERI IIT Bombay Drishtee Foundation Barmer Jan
conformance to Vedanta Group Sewa Samiti
Effective risk management helps us requirements, the Company and
prevent incidents that could harm operations requirements, Confederation of United Nations ISB Hyderabad Sarthak Jan Vikas IPE Global
Vedanta's reputation, stakeholder trust, and stakeholder requirements and Indian Industry (CII) Global Compact Sansthan
social license to operate. By addressing regulatory requirements where
risks proactively and transparently, the FICCI UN Women’s IISc Bengaluru Learnet Skills limited Paralympic
Company aims to maintain positive applicable. It provides Empowerment Principles Committee of India
relationships with stakeholders, including assurance to the Board and its
local communities, regulators, and stakeholders that sustainability ASSOCHAM IUCN – Leaders for Nature BITS Pilani BAIF Development GT Healthcare
investors. risks are being managed Research Foundation Trust
appropriately and to a
Vedanta’s commitment to risk consistent level across the Indian Steel Association British Safety Council IIM Raipur Sehgal Foundation CHETNA Foundation
management is upheld by all employees business.
and executives, as reflected in the code of Federation of Indian Indian Green Building Council National Forensic Swajal Pvt. Ltd Navrachna Mahila
business conduct and ethics and annual Public Advocacy Petroleum Industry Sciences University Vikas Trust
(NFSU), Gandhinagar
trainings. At Vedanta, risk mitigation plans Organisation and Membership
are an integral part of the Key Result Areas
(KRAs) and Key Performance Indicators Vedanta is a member of several The Federation of Mine Ventilation Society of Waterlife CEDRA
South Africa (MVSSA)
Indian Chambers of
(KPIs) of process owners. Leadership industry associations that share Commerce and Industry
teams within each business division common goals. The Company
oversee the governance of our risk and associations routinely work Minerals Council Recycling and Environment Fontus BODH Siksha Samiti
management framework, ensuring its together to advance public South Africa Industry Association of India
proper implementation and continuous policies of interest to Vedanta
effectiveness. and the natural resources Mine Health & Rural Development HelpAge India
industry. In FY 2023, INR 15.8 Safety Council (MHSC) Organisation (RDO)
By actively addressing risks, embracing billion was spent on
Vedanta’s strategic objectives, and membership fees to industry
implementing mitigation plans, the and trade associations, and Association of Vodalife
Mine Managers (AMMSA)
Company strives to maintain positive sponsorships to the events
relationships with stakeholders and ensure organised by these
the long-term success of the organisation. associations. Electoral bonds Recycling and Environment SEEDs
Industry Association of India
Read more in the risk management section worth INR 1.55 billion was
of the Annual Integrated Report FY purchased.
2022-23.

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