Page 21 - 1-37

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

Taking stock on the first year of our transformation journey

Our vision of "Transforming for Good," has reporting, and spotlighting of individual longer solely focus on short-term targets. In all these ways we are trying to create a
been crucial. It has helped us meet the positive developments. Under this shared Rather their horizons will extend till 2030, safe and secure workplace for our
In Conversation with the Group CEO & Chief Safety Officer expectations of our community members vision of incremental transformation, we work making way for broader targets and employees that can become an industry
and stakeholders while also establishing a on accepted pathways and can achieve a huge programmes with greater, accretive impact. benchmark.
position of leadership in ESG difference through ongoing initiatives and This approach is a part of our "Transforming
FY 2022-23 proved to be a precursor for How would you describe the transformation Our exceptional mining expertise is implementation. This year’s theme of linkages. Our disclosures now highlight the for Good" vision.
the future, as we saw India’s economy achieved as a part of Vedanta's ESG journey? bolstered by cutting-edge technology "Transforming Together" captures our collective progress and direction of Vedanta as
breaking away from the rest of the world to At Vedanta, we have always been committed and a talented workforce, combined with collective vigour and passion to generate a whole. We are committed to enhancing the skills of
define its own unique growth numbers. towards sustainable and responsible mining a robust value-added portfolio, and we value for everyone. emerging leaders, empowering women, and
Driven by healthy macroeconomic practices. We acknowledge the significant are well-positioned to seize the emerging This clear definition of our trajectory has also fostering strong relationships with our
Our ESG journey has helped fundamentals and domestic consumption, impact that our operations can have on local growth opportunities. Our performance on important external fostered alignment and motivation among our business partners through various flagship
rating systems including the Dow Jones
leaders. We are no longer merely measuring
programmes. Ensuring the health and safety
us uphold the utmost levels FY2023 saw India reaching an impressive communities, ecosystems, and the To address business risks that are most Sustainability Indexes, Sustainalytics, MSCI, ourselves against self-imposed standards; of our people and other stakeholders will
6.8% GDP growth. Developed countries,
of excellence and integrity, including China, saw subdued growth in environment. To address this, we have put in likely to arise from environmental crises, and CDP has significantly improved because rather, we are driven by a larger purpose, and continue to be of utmost importance.
aiming to attain sustainable the face of inflation and recessionary place a comprehensive sustainability framework Vedanta has taken several strategic goals of our ESG activities. Vedanta now ranks this is a profound and transformative shift.
that acts as an anchor and a check, balancing
and responsible growth in pressures. the larger environmental and humanitarian that act to mitigate climate change and sixth on the Dow Jones Sustainability Index, We make regular, planned investments to
collaboration with all concerns against business needs and nature loss. Our ambitious targets for among top 10 diversified metals and mining The Board ESG Committee has been create zero-harm environments, where our

stakeholders. High commodity prices, however, affected exigencies. All our decision-making processes decarbonization, practice of circularity peers. Additionally, Vedanta and several of supportive of our goals and monitors our people can work with security and peace of
bottom line growth for Indian businesses thus answer to the dual needs of harmonizing and water positivity are in line with the our Group companies have won many prizes performance. Along with the ESG ManCom, mind. This year, we have had 13 fatalities. This
in the first half of the year. Against this economic progress with environmental, social, UN's Sustainable Development Goals, on reputable platforms in the areas of this committee provided direction and is a very unfortunate situation, and we deeply
backdrop, Vedanta has posted a and governance (ESG) considerations. and we continue to align our performance finance, operational efficiency, CSR, and oversight over the large volume of work that is regret the precious loss of lives. These
commendable financial performance. Our with sectoral and global best practices. human resources. These accolades reflect being carried out by the 14 Communities of unfortunate occurrences have hardened our
consistent operational efficiencies and The past year was a challenging one due to the on the responsibility and competence with Practice (CoP), who are responsible for resolve to build a safe workplace.
strong cost control has made us a much unpredictable macroeconomic environment To help realize our "net zero" targets, we which we carry out our product delivering on our ESG agenda. There are more
more resilient company, solidifying caused by the ongoing Russia-Ukraine conflict. have signed renewable energy power manufacturing journey, our impressive than 1,000 projects – big and small – currently We have adopted the Incident Cause Analysis
the competitive advantage that we However, we adopted a holistic approach and delivery agreements (PDAs) that will bring portfolio and our capable leadership team. underway to deliver on our nine ESG aims. Method (ICAM) investigation process to
command. could achieve excellent operating performance 788 MW of round-the-clock equivalent scrutinize all fatalities and high-potential

despite the external shocks and the need for renewable power to our businesses. How has the “Transforming for Good” Going forward, what is the vision for incidents in detail, enabling us to identify the
The company's ESG goals cover an realignment of our supply chains. Our guiding Three additional facilities operated by us vision helped to integrate Vedanta’s Vedanta’s ESG journey? root cause of each incident and create a
extremely broad canvas, reflecting our philosophy of 'Transforming for Good,' helped have turned water positive, highlighting internal processes and governance and Our primary objective is to strengthen our corrective and preventive action (CAPA) plan
philosophy of “Transforming for Good” by our efforts by fostering a more integrated the progress that we are making. business administration mechanisms? position as a leader and unlock value through to avoid future occurrences. Moreover, we
taking the responsibility for environmental business approach both in terms of our We place a strong emphasis on upholding the execution of growth projects, while also have launched a cross-business audit to
stewardship via decarbonization, the operational and external outcomes, thereby Vedanta believes in responsible growth, good governance practices, supported by prioritizing on our ESG goals, innovation, ensure that the best safety practices are
circular economy, water positivity and leading to value-accretive growth. and we work with our adjacent rigorous policies and frameworks that drive digitalization and safety. In FY 2022, we being implemented across all our operations.
bringing long-lasting positive social communities to improve their lives accountability and transparency. Through changed our business planning methodology Our business unit CEOs are tirelessly working
change at the bottom of the pyramid. How has Vedanta’s sustainability agenda through our efforts. Our flagship initiative, our vision of “Transforming for Good” we aim and each of our businesses developed towards the complete resolution of 100% of

supported the overall performance of the Nand Ghar, has been actively working to for integrated growth and every business comprehensive business plans addressing the CAPA learnings. The objective of this
In this conversation with Vedanta’s company? improve the Aanganwadi ecosystem in unit is linked to this shared vision. each of Vedanta’s nine individual aims. This process is to illustrate and establish and
Group CEO & Chief Safety Officer, Sunil India and helps close the urban-rural “Transforming for Good” has helped us to approach continued into FY 2023 and will also create a shared understanding of safety risks
Duggal, we are acquainted with the As India's largest diversified natural resources divide. We currently have Nand Ghars in set larger, long-term targets, replacing the be followed in FY 2024. However, from FY 2024 within the organization.
company’s Sustainability and ESG vision company and one of the global giants in metals, 14 states, and these have helped 3.2 lakh earlier practice of annual plans and ESG onwards these ESG business plans will no
Sunil Duggal and the underlying rationale and impact mining, and energy, Vedanta holds a unique women and children by providing them
Group CEO & Chief Safety Officer targeted. advantage in India's pursuit of self-reliance. with healthcare, food and education.

11