Our approach to transformation
PILLAR 1
Transforming communities
Aim 1
Keep community welfare at the core of business decisions
We strive to create shared value and
mutual trust with communities, and
will adopt policies to ensure:
- Local livelihood generation
- Community involvement in business decision-making
- Strong grievance redressal system
- Trust-based channels of communication
- Trust-based channels of communication
Aim 2
Empowering over 2.5
million families with
enhanced skillsets
We believe in inclusive growth
and want to co-create economic
value with our communities by:
- Enhancing skilling efforts across business units, Nand Ghars and the Vedanta Foundation
- Creating employability for 2.5 million people
- Providing income generation activities and farm-based livelihoods for ~120k people by 2030
Aim 3
Uplifting over 100 million
women and children through
Education, Nutrition,
Healthcare and Welfare
We care deeply about the cause
of women and children
- Nand Ghar – direct intervention in ~30k anganwadis with scale-up model for 1.4 million
- Vedanta Foundation – improved schooling and higher education for ~9 million students
- Continued co-investment in augmenting India’s public healthcare system
PILLAR 2
Transforming the planet
Aim 4
Net-carbon neutrality by 2050
or sooner
We are in alignment with the Paris
Agreement, and will lead the way for India’s
2070 Net Zero commitment
- Reduction in absolute GHG emissions by 25% by 2030
- Use of 2.5 GW Round-the-Clock (equivalent) Renewable Energy by 2030
- US$5 billion spend goals over the next 10 years
- No further investment in coal-based power
- Decarbonise 100% of our LMV fleet by 2030 and 75% of our mining fleet by 2035
- Pilot programmes to accelerate adoption of green hydrogen
- Scope 3 emission accounting across 100% of our businesses by 2025
- Disclosure in alignment with TCFD principles
Aim 5
Achieving net water positivity
by 2030
We want to see our communities
thrive and set an example of
water stewardship across areas
where we operate. Driven by:
- Water recycling and reuse
- Reducing freshwater withdrawal
- Water-shed recharge programmes
- Transition to renewables
Aim 6
Innovations for greener
business model
We aim to embed ‘green’ into
our business by tapping pockets
of innovation
- Partnerships on cutting-edge solutions like CCUS, carbon neutral/carbon free mining and smelting
- Moving to circular business model through investments in ‘Waste to Wealth’
- Protecting and enhancing biodiversity in and around our areas of operation
PILLAR 3
Transforming the workforce
Aim 7
Prioritising safety and health
of all employees
The wellbeing of our people is
our topmost priority; we are fully
committed to Zero Harm and
Zero Fatalities through:
- Institutionalisation of best practices through the Vedanta Sustainability Assurance Programme and Visible Felt Leadership
- Critical Risk Management in line with ICMM methodology
- Partnerships with leading safety solution providers
- KPIs on safety embedded into performance pay and career advancement
Aim 8
Promote gender parity,
diversity, and inclusivity
We want to create a space for all
voices at Vedanta, and have set
up the Diversity and Inclusion
Council to:
- Undertake initiatives to ensure that by 2030, women make up 25% of the Board, 30% of all decision-making bodies, 40% of leaders and 20% of full-time employees
- Run specific programmes to celebrate and increase other forms of diversity
- Sensitise leaders and employees on diversity to make everyone feel respected
Aim 9
Adhere to global
business standards of
corporate governance
We are changing our ways
of working and committed to
ensuring zero controversies
around governance. With ESG
sub-committee set up at the board
level, we are:
- Strengthening and expanding our codes, policies and practices
- Embedding sustainability metrics in executive compensation
- Building an organisation structure to embed sustainability thinking into all aspects of our business
- Staying committed transparently to report our ESG performance