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TRANSFORMING TRANSFORMING TRANSFORMING
SUSTAINABILITY REPORT FY 2023 COMMUNITIES THE PLANET THE WORKPLACE
Message from the ESG Committee Chairperson
Dear Stakeholders, • Inclusion of members from the Some significant achievements that we that will have the greatest impact on our
transgender community into our have made during the year are: water usage.
At Vedanta, we strive to establish ourselves as a workforce, • Our GHG intensity (TCO e/INR Mn) has
sustainability leader in the natural resources • Submission of a pledge to plant 7 million reduced by nearly 30% from FY21 In line with our commitment towards
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Under our “Transforming for sector while we continue to create long-term trees, making us the first South Asian and becoming fully water-positive, we have
Good” vision, we work across value for our stakeholders. Given the dynamic Indian metal and mining company to do • RE usage has increased by four times collaborated with TUV-SUD to develop a
since FY 2021 and by 14 times since
the three pillars of shift in customer requirements, it is imperative so, and FY20 roadmap for successfully achieving this
that we stay ahead of the curve while also
goal. Through this partnership, we are
Communities, Planet and The instituting the change processes to achieve a • Establishment of dedicated ESG forums confident that we will continue to make a
Workplace, and we have future that integrates sustainability into all our across business units, which is a first for Our Green Metals initiative marks our foray positive impact on SDG 6.
any company.
into building a green product lineup that
aligned nine discrete practices. This means reimagining established can answer the world’s urgent need for Promoting Diversity, Inclusivity, and
ways of working – right from how we extract
organisational aims under resources to how we engage with communities During the year, we made considerable lowering GHG emissions in the Gender Parity in the Workplace
these pillars. and our employees. strides towards fulfilling our responsibility as hard-to-abate sectors. Our first Green Creating equal opportunities for all
conscientious caretakers of nature’s wealth
Aluminium product "Restora" and "Restora
Under our “Transforming for Good” vision, we through our enlightened environmental Ultra" are both low-carbon products and employees, regardless of their gender, race,
work across the three pillars of Communities, impact mitigation and renewal programmes, offer our customers an option for meeting or sexual orientation, is critical to building a
Planet and The Workplace, and we have aligned and our also through our social outreach their own sustainability goals. During FY diverse and inclusive workforce. With this
nine discrete organisational aims under these initiatives. This is reflected in our report, 2023, we have also launched a pilot goal in mind, we have initiated several
pillars. The articulation of these aims has helped which underscores our commitment to project for producing copper from significant programmes that aim to revamp
to give definite shape to our sustainability efforts, sustainability across all areas of our recycled copper, thereby further reducing the composition of our workforce and
and we use them as a base for formulating micro operations. our carbon footprint. We have also cultivate a culture of inclusiveness.
targets, designing appropriate interventions and committed to fuel switch programmes, by
leveraging interlinkages to achieve holistic Achieving Net-Zero Carbon using 5% biomass in our thermal power In FY 2023, our talent management
outcomes. Emissions plants and launching pilot programs at programmes were led by the target of
multiple sites to decrease GHG intensity. recruiting more than 50% women
We remain resolute in our efforts towards a employees in the workforce. The drive to
With our purpose and values firmly in mind, we sustainable future and will continue to take
have made good progress in FY 2023 against our significant action to reduce our carbon Our goal of decarbonizing 100% of our create a more gender-balanced workforce
three strategic pillars, and I am delighted to footprint. With a target of achieving net-zero LMV fleet by 2030 and 75% of our mining is taken a step farther by our V-Lead
present some of the major achievements of the carbon emissions by 2050 or earlier and a fleet by 2035 is driven by the adoption of programme, which aims to identify
year. 25% absolute reduction in greenhouse gas electric fleets. To achieve this, we have high-performing women employees for CXO
These include: emissions by 2030, we have developed a partnered with GEAR India to deploy roles. Our Ambavgarh Dialogue annual
programme, which grooms high-performing
numerous electric vehicles and e-forklifts
• The introduction of our eco-friendly aluminium comprehensive four-lever strategy focused across our various sites. Moving forward, women employees for the next level has, in
product line, on renewable energy, fuel switch, energy we will continue to build connectivity in fact, earned recognition from industry
and process efficiency, and carbon offsets.
• Successful implementation of electric vehicles It is an enormous undertaking, and we have the renewable energy and green metals associations like the Society for Human
in our underground mines and shop floors, laid out a phased plan against which we are sectors as we work towards reducing our Resource Management (SHRM) and
• Initiation of a 100% renewable making steady progress. carbon footprint. PeopleFirst.
U.K. Sinha energy-powered plant,
Non-Executive Independent Director
Chairperson of ESG Committee
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