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
