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

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
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 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? "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 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 value for everyone. emerging leaders, empowering women, and
Driven by healthy macroeconomic practices. We acknowledge the significant This clear definition of our trajectory has also fostering strong relationships with our
fundamentals and domestic consumption, impact that our operations can have on local Our performance on important external fostered alignment and motivation among our business partners through various flagship
FY2023 saw India reaching an impressive communities, ecosystems, and the rating systems including the Dow Jones leaders. We are no longer merely measuring programmes. Ensuring the health and safety Supported
6.8% GDP growth. Developed countries, environment. To address this, we have put in Sustainability Indexes, Sustainalytics, MSCI, ourselves against self-imposed standards; of our people and other stakeholders will
including China, saw subdued growth in place a comprehensive sustainability framework and CDP has significantly improved because rather, we are driven by a larger purpose, and continue to be of utmost importance. 0.32
the face of inflation and recessionary that acts as an anchor and a check, balancing of our ESG activities. Vedanta now ranks this is a profound and transformative shift.
pressures. the larger environmental and humanitarian sixth on the Dow Jones Sustainability Index, We make regular, planned investments to

concerns against business needs and among top 10 diversified metals and mining The Board ESG Committee has been create zero-harm environments, where our
High commodity prices, however, affected exigencies. All our decision-making processes peers. Additionally, Vedanta and several of supportive of our goals and monitors our people can work with security and peace of million
bottom line growth for Indian businesses thus answer to the dual needs of harmonizing our Group companies have won many prizes performance. Along with the ESG ManCom, mind. This year, we have had 13 fatalities. This women and children by
in the first half of the year. Against this economic progress with environmental, social, on reputable platforms in the areas of this committee provided direction and is a very unfortunate situation, and we deeply providing them with
backdrop, Vedanta has posted a and governance (ESG) considerations. 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 human resources. These accolades reflect being carried out by the 14 Communities of unfortunate occurrences have hardened our healthcare, food, and
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. education.
strong cost control has made us a much unpredictable macroeconomic environment 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. 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 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 scrutinize all fatalities and high-potential

despite the external shocks and the need for 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 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 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 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 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. rigorous policies and frameworks that drive digitalization and safety. In FY 2022, we being implemented across all our operations.
bringing long-lasting positive social 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 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 for integrated growth and every business comprehensive business plans addressing the CAPA learnings. The objective of this
In this conversation with Vedanta’s company? 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 “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 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, earlier practice of annual plans and ESG onwards these ESG business plans will no
and the underlying rationale and impact mining, and energy, Vedanta holds a unique
targeted. advantage in India's pursuit of self-reliance.

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