Vedanta Limited
Climate Impact & Sustainability Data (2007-04 to 2008-03, 2022, 2023-04 to 2024-03, 2024)
Reporting Period: 2007-04 to 2008-03
Environmental Metrics
Total Carbon Emissions:13.13 million tonnes of CO2
Renewable Energy Share:10%
Total Energy Consumption:43.10 million GJ
Water Consumption:226.50 million m3
Waste Generated:124,026,557 tonnes (solid)
ESG Focus Areas
- Inclusive growth for our people and communities
- Environmental management
- Sustainable economic growth
Environmental Achievements
- Significant reduction in specific water consumption – HZL (+12.5%), BALCO (+10%) and Sterlite’s Copper Business (+7%) for FY 2008
- Significant reduction in specific energy consumption – HZL (+13%), BALCO (+4%), KCM (+3%) and MALCO (+2%) for FY 2008
- Green Energy – 107 MW Wind Power commissioned to date
- 350,000 plantation across all units in FY 2008
- Zero-discharge rule maintained at Sterlite’s Copper business’s at Tuticorin and Silvassa
- Over 20,000 trees planted by HZL to enhance local eco-balance
Social Achievements
- LTIFR reduced by 24%, from 2.51 to 1.91 for FY 2008
- Zero incidents on occupational diseases
- 66,000 man-days of training on HSE best practices
- Health Project Outreach to more than 1.5 million people
- 383 villages, impacting more than 2.5 million lives
- 781 SHGs and 10,000 women members part of thrift savings and micro enterprise
- 11,500 community youth covered in vocational training programmes
Governance Achievements
- Established HSE committee chaired by a non-executive director to guide sustainable development endeavors
Climate Goals & Targets
Environmental Challenges
- Mining activities are inherently hazardous
- High incidence of HIV/AIDS in Zambia
- Contractor safety performance (19 fatalities, 18 involving contractor labors)
Mitigation Strategies
- HSE management systems designed to reflect best practices and raise the bar continuously
- Associated with consultants like British Safety Council, International Register of Certified Auditors (ICRA) and DuPont for independent assessments and improvement of safety systems
- Increased focus on contractor training and dedicated safety officers
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI G3
Certifications: ISO 14001, OHSAS 18001
Third-party Assurance: KPMG
Awards & Recognition
- Numerous awards listed in the report
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Health
- Women Empowerment
- Education
- Environment
- Sustainable Livelihood
- Skilling
- Community Development
- Sports and Culture
Environmental Achievements
- 850 households in 25 villages started using solar lanterns in place of kerosene lamps
- Over 500 community projects have been done by the BU since the inception of the plant.
Social Achievements
- Project Aarogya: 44% decrease in annual health expenditure; 78% beneficiaries reported improved timely services via MHU; 20% increase in beneficiaries benefitted by MHU compared to 2019.
- Project Sakhi: 51% of women improved regular savings; 34% improved decision making in household; 32% improved access to financial services; benefitted 3,984 women households.
- Project Child Care Centre (CCC): Over 12,000 children benefitted; health check-up conducted for 851 students in FY 2021.
- Improved access to quality healthcare services (48%), increased awareness about WASH and hygiene (6%), improved access to clean drinking water (30%).
- Institutional deliveries improved to 98%.
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Gender gap
- Lack of awareness on menstrual hygiene
- High dropout rate (25%)
- Lack of infrastructure in some primary and higher secondary schools
- Low access to digital education
- Lack of opportunities for employment
- Water shortage for agricultural activities
- Lack of FPOs
- Need for modern irrigation methods
- Lack of specialist doctors and life-saving equipment in healthcare
- Air and water pollution
- Deforestation and drought
- Need for improved sports facilities and training
- Lack of market linkages for artisans
Mitigation Strategies
- Behaviour change initiatives with panchayat and men
- Awareness generation on menstrual hygiene
- Convergence with government schemes (e.g., Kanya Saksharta Protsahan Yojana)
- Skilling of women workforce
- Greater financial support to SHGs
- Construction of toilets and concrete roads
- Infrastructure upkeep
- Reward recognition program and training of teachers
- Focus on higher education
- Short-term vocational courses
- Establishment of FPOs
- Modern irrigation methods
- Capacity building programs for farmers
- Market linkages
- Filling infrastructural gaps in community access to medical facilities
- Creating a hub and spoke model for telemedicine
- Capacity building for Anganwadis
- Training Anganwadis on use of digital technologies
- Increase community awareness
- Encouraging water efficient crop farming
- Integrate vocational courses in school curriculum
- New anchor institutes for research and faculty training
- Localized youth fairs/placements
- Communities should have access to facilities, training courses for sports
- Enhancing the promotion of handicrafts and artisanal work
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Droughts
- Floods
Transition Risks
- Not disclosed
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- SDG 3
- SDG 4
- SDG 5
- SDG 7
- SDG 8
- SDG 13
Not disclosed
Sustainable Products & Innovation
- Solar lanterns
- Clean cooking stoves
Awards & Recognition
- Not disclosed
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
Total Carbon Emissions:65.85 million tCO2e
Renewable Energy Share:1.24%
Total Energy Consumption:648.72 million GJ
Water Consumption:280 million m3
Waste Generated:29,930,371 tons
Carbon Intensity:5.66 tCO2e/Mt Metal
ESG Focus Areas
- Climate Change
- Water Security
- Biodiversity
- Community Development
- Diversity & Inclusion
- Safety
- Governance
Environmental Achievements
- Reduced GHG emissions by 6 million tCO2e in 3 years
- 6 Business Units exceeded annual GHG emission reduction targets
- Water positivity ratio increased to 0.71
- CDP Water rating improved from B to A-
- 93% total volume of waste recycled
- 107% utilization of fly ash
- 100% sites completed biodiversity assessment
Social Achievements
- Empowered ~17.4 million people
- Planted ~2 million trees
- Annual spend for social impact: ₹4.38 billion
- 89% employee satisfaction rate
- 20% gender diversity in workforce
- 31 average training hours per person
- India’s first all-women mining rescue team at HZL
- Launched game-changing parenthood policy (12-month sabbatical for new mothers)
Governance Achievements
- Established anti-corruption training for all employees
- Implemented Critical Risk Management (CRM) program
- Launched integrated sustainability management portal (Enablon)
- Launched Gender Reaffirmation Leaves and Compensation Policy
- ESG criteria integrated into leadership performance appraisals
Climate Goals & Targets
Long-term Goals:
- Net zero emissions by 2050
Medium-term Goals:
- Achieve net water positivity by 2030
- Reduce absolute GHG emissions by 25% by 2030
- Achieve 2.5 GW of RE RTC by 2030
- 100% LMV decarbonization by 2030
- 30% women in decision-making roles by 2030
Short-term Goals:
- Reduce water consumption by 15% by 2025
- Increase water recycling rate by 10% by 2025
- Reduce GHG emissions intensity by 20% by 2025
- 50% LMV decarbonization by 2025
- Achieve 835 MW of RE RTC by 2025
Environmental Challenges
- Supply chain disruptions
- Climate change impacts (extreme weather events)
- Transition risks (regulatory changes, market shifts)
- Water scarcity in operational areas
- Managing legacy waste
- Maintaining social license to operate
Mitigation Strategies
- Developed alternative sourcing strategies
- Increased renewable energy capacity
- Improved water recycling and reuse
- Implemented waste-to-wealth programs
- Strengthened stakeholder engagement
- Implemented Critical Risk Management (CRM) framework
Supply Chain Management
Supplier Audits: 3837 suppliers screened
Responsible Procurement
- Code of Conduct
- Supplier sustainability requirements
- Modern Slavery Act compliance
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Flooding
- Droughts
- Cyclones
Transition Risks
- Regulatory changes (CBAM)
- Market shifts
- Increased costs of cleaner energy sources
Opportunities
- Development of energy-efficient products
- Growth in demand for transition metals
Reporting Standards
Frameworks Used: GRI Standards, UNGC Principles, TCFD, UN SDGs, BRSR, IIRC
Certifications: ISO 14001, ISO 45001
Third-party Assurance: Mazars Advisory LLP
UN Sustainable Development Goals
- Goal 7 (Affordable and Clean Energy)
- Goal 6 (Clean Water and Sanitation)
- Goal 13 (Climate Action)
- Goal 8 (Decent Work and Economic Growth)
- Goal 5 (Gender Equality)
- Goal 3 (Good Health and Well-being)
Initiatives contribute to these goals through various ESG programs
Sustainable Products & Innovation
- Restora Ultra (green aluminum)
Awards & Recognition
- Vedanta Aluminium named world’s most sustainable aluminum producer
- Hindustan Zinc named world’s most sustainable zinc producer
- Vedanta Ltd. in top 99th percentile at S&P Global Corporate Sustainability Assessment
- Kincentric Best Employer India 2023 Award
Reporting Period: 2024
Environmental Metrics
Total Carbon Emissions:65.28 million tCO2e
Renewable Energy Share:7%
Water Consumption:280.21 million m3
Waste Generated:43.32 million tonnes (HVLT)
Carbon Intensity:6.44 tCO2e/MT (FY2023), 5.66 tCO2e/Mt Metal (FY2024)
ESG Focus Areas
- Climate Change & Decarbonization
- Community Engagement & Development
- Water Management
- Health, Safety & Well-being
- Diversity & Inclusion
- Sustainable and Inclusive Supply Chain
- Business Ethics & Corporate Governance
Environmental Achievements
- Achieved significant wins in GHG emissions intensity reduction with six BUs exceeding annual targets.
- Increased water positivity ratio to 0.71.
- Improved CDP Water rating from B to A-.
- Fully utilized fly ash production and achieved near 100% reuse of HVLT waste.
Social Achievements
- Improved employee satisfaction rate to 73%.
- Created India’s first All-Women Mining Rescue Team.
- Empowered more than 17 million women and children through Nand Ghar and other CSR initiatives.
- Increased women in FTE to 20%.
Governance Achievements
- Introduced a group-wide Critical Risk Management (CRM) programme.
- Rolled out a fully digital, integrated HSES platform (Enablon).
- Included climate change considerations in the employee stock option scheme (ESOS).
Climate Goals & Targets
Long-term Goals:
- Net Zero Carbon by 2050 or sooner
Medium-term Goals:
- Reduce GHG emissions by 25% by 2030.
- Achieve net zero carbon emissions by 2050 or sooner.
- Achieve 2.5 GW of RE RTC or equivalent by FY 2030.
- Achieve 100% LMV decarbonization by FY 2030.
- Achieve net water positivity by 2030.
- Increase women in FTE to 20% by FY 2030.
- Increase women in leadership roles to 40% by FY 2030.
- Increase women in decision-making bodies to 30% by FY 2030.
- Reduce TRIFR to 1.036 by FY 2025.
- Implement health performance standards by FY 2025.
- Achieve zero legacy ash by FY 2035.
Short-term Goals:
- Reduce GHG emissions intensity by 20% by FY 2025.
- Add 500 MW of RE RTC or equivalent by FY 2025.
- Achieve 50% LMV decarbonization by FY 2025.
- Reduce freshwater consumption by 15% by FY 2025.
- Achieve 33% water recycling by FY 2025.
- Zero fatalities by FY 2025.
- 100% utilization of fly ash by FY 2025.
- Complete employee and community exposure monitoring by FY 2025.
- Implement mental health program for all employees by FY 2025.
Environmental Challenges
- Three fatalities in 2024.
- High GHG emissions due to energy-intensive operations.
- Managing water resources effectively.
- Waste management in some areas.
Mitigation Strategies
- Implementation of a Critical Risk Management (CRM) program.
- Deployment of Enablon, a digital HSES platform.
- Investment in renewable energy (RE RTC) capacity addition (835 MW underway).
- Switch to cleaner alternative fuels and carbon-light process technologies.
- Recycling, reuse, and harvesting programs for water management.
- Waste-to-wealth programs.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI, ICMM, IFC Performance Standards
Awards & Recognition
- Vedanta Aluminium named world’s most sustainable aluminium producer
- Hindustan Zinc crowned world’s most sustainable zinc producer
- Vedanta Ltd. in top 99th percentile at S&P Global Corporate Sustainability Assessment awards for 2024
- Kincentric Best Employer India 2023 Award
- Recognised at the 3rd National Transgender Awards
- Vedanta Wins 8 Awards at the 37th DGMS Mines Safety Week
- Cairn-RJ North Recognised for “Leadership in HR Excellence” at the 14th CII National HR Excellence Awards