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STRONGER VEDANTA BUILT ON STRONGER RELATIONS

At Vedanta, effective stakeholder engagement is pivotal in establishing stronger relationships. It helps us to identify and address the concerns of our stakeholders, fostering greater trust and collaboration. These engagements further allow us to better understand the operating context and gain valuable insights that shape our decision-making process and strategies. This empowers us to stay at the forefront of opportunities, securing sustainable growth and long-term value creation.

The table below sets out how we engaged with our stakeholders during the year to address their concerns and meet their expectations.

Local Community

Key Expectations

  • Undertaking need-based community infrastructure projects
  • Increasing reach of community development programmes
  • Provision of jobs & other means of livelihood
  • Improving grievance mechanism

How We Engage

The Group has established a comprehensive social framework as a key to engaging with local communities. The Social Performance Steering Committee (SPSCs) employs a cross-functional approach to community engagement through community group meetings and village council meetings Community needs/social impact assessments are developed to undertake need-based community projects. We are increasing our community outreach via public hearings, grievance mechanisms and cultural events. Vedanta Foundation supports community engagement by supporting them philanthropically

Initiatives in FY 2023-24

  • Completed baseline, need, impact and SWOT assessments in all BUs
  • Community grievance process followed at all operations
  • Launched Project Panchhi to help young women in the local communities get higher education and placed in Vedanta’s workforce.

₹ 438 crore

of CSR investment

17.4 million

community members benefited

Employees

Key Expectations

  • Safe workplace
  • Improved training on safety
  • Increased opportunities for career growth
  • Increasing the gender diversity of the workforce

How We Engage

The Group undertakes employee performance management and employee feedback as the primary mode of engaging with employees. We follow a multi-dimensional approach to career and leadership development through V-Lead and ACT-UP programmes Chairman’s workshops, Chairman’s/CEO’s townhall meetings and plant-level meetings are organised periodically to improve performance on material issues pertinent to Vedanta Limited Event management committee and welfare committee to assist in the training, organisation and supervision of employee engagement initiatives

Initiatives in FY 2023-24

  • Identification of top talent and future leaders through workshops
  • Recruitment of global talent through hiring from top global universities
  • Strengthening gender and regional diversity with V-Lead and V-Engage respectively
  • Dedicated hiring drive for women

2.3 million man-hours

of safety training

40%

of all new hires are women

31 man-hours

Average training man-hours for total workforce

₹ 3,300 crore

Employee Benefit Expense

73%

Employee Satisfaction

Shareholders, Investors, & Lenders

Key Expectations

  • Consistent disclosure of economic, social, and environmental performance

How We Engage

The Group has an active investor relations team that consistently provides disclosures on economic, social and environmental performance. The team provides regular updates to stakeholders through investor meetings, site visits, conferences and quarterly result callsThe Company organises annual general meetings to engage with our key financial audience i.e., shareholders, investors & lenders. For stakeholders to raise their concerns, a dedicated contact channel has been assigned – ir@vedanta.co.in and esg@vedanta.co.in

Initiatives in FY 2023-24

  • Sustainability assurance audits conducted through Vedanta Sustainability Assurance Programme (VSAP)
  • Bi-weekly investor briefings and proactive engagement with the investor community on ESG topics

₹ 29.5 per share

declared dividend

Civil Society

Key Expectations

  • Expectations of being aligned with the global sustainability agenda
  • Compliance with Human Rights

How We Engage

The Group has implemented multi-stakeholder initiatives and partnerships with international organisations to align with the expectations of the global sustainability agenda. Any key concerns or trends from engagements with international, national and local NGOs are reported to the relevant community of practice. Conferences and workshops are conducted as needed

Initiatives in FY 2023-24

  • Membership of international organisations including the United Nations Global Compact (UNGC), Confederation of Indian Industry (CII) , Indian Biodiversity Business Initiative (IBBI), Federation of Indian Mineral Industry (FIMI) and Federation of Indian Chambers of Commerce & Industry (FICCI)
  • Alignment with Sustainable Development Goals
  • Compliance with the Modern Slavery Act

4,076

No. of people trained through our skill training programmes

Industry (Suppliers, Customers, Peers, Media)

Key Expectations

  • Consistent implementation of the code of business conduct & ethics
  • Ensuring contractual integrity, data privacy

How We Engage

The Group ensures consistent implementation of the code of business conduct via in-person visits to customers, suppliers and vendors. To ascertain contractual integrity, a vendor scorecard is maintained. We strive to improve the overall customer experience through continual customer satisfaction surveys and meetings

Initiatives in FY 2023-24

  • Active hotline service and email ID to receive whistle-blower complaints
  • Vendor meets to understand vendors and supplier’s issues

₹ 38,095 crore

Local Procurement

Governments

Key Expectations

  • Compliance with laws
  • Contributing towards the economic development of the nation

How We Engage

Engagement with regulatory bodies includes participation in government consultation programmes. The Group engages with - national, state, and regional - government bodies at the business and operational levels both directly and through industrial associations

Initiatives in FY 2023-24

  • Partnership with UP government to eradicate state’s malnutrition by 2024
  • Partnership with Rajasthan government to modernise 25,000 anganwadis
  • Taxes paid to the government Regulatory compliances met

~₹ 54,402 crore

paid to the exchequer