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

Mapping Materiality matters to ESG Aims Mapping Materiality Matters with Vedanta’s
Enterprise Risk Framework

To ensure harmony and synergy with the overall
organizational direction, an evaluation was
conducted to verify that all ESG-related risks
identified as principal and emerging risks within the
risk management framework are in alignment with
the high priority material topics. This evaluation
Transforming Communities Transforming the Planet Transforming the Workplace
aimed to confirm that the identified risks and
material topics are in alignment, promoting a
Aim 1 Aim 4 Aim 7 comprehensive and integrated approach to risk
management and sustainability.
Indigenous Peoples and Cultural Heritage Climate Change and Health, Safety and
Decarbonization Well-being
Land Acquisition, Rehabilitation
and Closure Additionally, this exercise allowed us to evaluate
emerging risks, megatrends, and regulations in
terms of their significant impact on our business
Aim 2 Aim 5 Aim 8 model and key value drivers, including revenue
Community Engagement Water Management Diversity and Inclusion growth, margins, and capital requirements. These
and Development topics were assessed against Vedanta's risk
Talent Attraction and Retention
tolerance, as defined in our Enterprise Risk
Learning and Development
Management (ERM) framework. For instance,
Labor Practices
climate change and decarbonisation are both
high-priority material topics and a "principal risk" in
Aim 3 Aim 6 Aim 9 our ERM framework, with potential wide-ranging
impacts on our business.
Community Engagement Waste Management Business Ethics and
and Development Corporate Governance
Biodiversity and Ecosystems
Risk Management By integrating materiality assessment with ERM, we
Air Emissions and Quality
and Controls are able to align the sustainability strategy with the
Tailings Management
risk management framework and address our ESG
impact more effectively. This integration informs
our internal decision-making process, by taking
into account a wider range of metrics such as
changes to profitability, liquidity, and capital
High Impact Topics for our External stakeholders Key Material Topics provisioning. Governance of the materiality
assessment ensures that this process is
well-regulated and structured.

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