The Business Bytes
TBB BUREAU
NEW DELHI, JUNE 8, 2021
Vedanta Aluminium and Power Business has unveiled its maiden Sustainable Development Report, which encapsulates the Business’ performance across key sustainability parameters such as Energy Management, Water Management, Biodiversity Management, Air Quality, Health & Safety, Social Impact and Governance etc for the FY 2019-20 performance period.
Launching the Sustainability Report for the business, Vedanta Limited Deputy CEO (Aluminium Business) Rahul Sharma said, “At Vedanta, good governance and sustainable development are the twin pillars that drive our business aspirations, leveraging best-in-class technologies, global best practices and our talented human capital. Our efforts are focused on creating sustained value along economic, environment and social dimensions, such as improving lives and livelihoods of our stakeholders and the local communities, ensuring sustained performance improvement in ESG (Environment, Social and Governance).”
“With the Vedanta Group pledged to move towards carbon neutrality, we are determined in our approach to ensure responsible business growth that creates shared value for our country, customers and communities,” he added.
Prepared in accordance with the Global Reporting Initiative (GRI) Standards, the report outlines Vedanta Aluminium & Power’s approach to sustainable and responsible development aligned to United Nations Global Compact (UNGC) Principles and United Nations Sustainable Development Goals (UN-SDGs).
The Sustainable Development Report, launched on World Environment Day, can be accessed on the website www.vedantaaluminium.com
The Report says that Vedanta Aluminium generated and distributed economic value to the tune of USD 4.8 billion. The Company spent over USD 14 million in community investments through social interventions in livelihood and skill development, women’s empowerment, quality education, health & sanitation, etc. improving lives of 3 lakh people hailing from local communities.
Vedanta’s aluminium smelter at Jharsuguda which is India’s first, and the world’s third smelter to deploy Digital Smelter Solution, uses digital twin technology, predictive and prescriptive analytics to enhance energy efficiency, reduce raw material consumption and arrest wastage of material through remote advisory system, it said.
With 12 percent women professionals, Vedanta Aluminium has one of the highest gender diversity ratios in the metal and mining sector in India.
Overall, Vedanta Aluminium & Power Business contributed nearly 1 per cent to the GDP of India, through the induced impact of its entire value-chain, as reported by the Institute of Competitiveness (IFC).
Aligned to Vedanta Limited’s pledge to move towards carbon neutrality, Vedanta Aluminium has directed initiatives under the three key pillars of workforce health and safety, climate change and environment management, and community and social performance for 2021 and beyond.
Since outbreak of COVID, Vedanta Aluminium has supported the local communities, district administrations, state governments, central government, with grocery supplies, PPEs, medical equipment, oxygen, financial contribution, and many other need-based requirements.
