NEW DELHI, JAN 25, 2023
Vedanta Aluminium, India’s largest producer of the metal, moves into the second spot in the S&P Dow Jones Sustainability Index (DJSI) world rankings for the aluminium industry for the assessment period FY21-22 (2021-22).
The S&P Dow Jones Sustainability Indices are a family of best global benchmarks that track the performance of the world’s leading companies in terms of economic, environmental, and social criteria, according to the metal-producing company.
The company moved up two spots from the previous fourth rank globally in the FY20-21 assessment, Vedanta Aluminium said in a statement on Wednesday.
This makes Vedanta Aluminium the second most sustainable aluminium producer in the world.
According to the DJSI Index, more than 10,000 companies across various industries undergo annual evaluations of their sustainability practices and only the most sustainable of which are selected for inclusion in the list.
Vedanta Aluminium scored high on most aspects of the environment, social and governance (ESG) criteria, including cybersecurity, environment reporting, environmental policy and management systems, social reporting, labour practice indicators, human capital development, talent attraction and retention, customer relationship management and social impact on communities, it said.
Speaking on the achievement, Vedanta Limited Chief Executive Officer – Aluminium Business Rahul Sharma said, “Vedanta Aluminium’s S&P DJSI rankings for 2022 reflects our commitment to structurally integrate the principles of sustainability throughout our value chain, from sourcing to product delivery, with climate action central to our growth journey.”
He said their sustainable development agenda included a laser focus on decarbonisation of their operations, increasing the quantum of renewables in the energy mix, judicious use of natural resources like water, wellbeing of employees and partners, fostering circular economy in waste management, and partnership with local communities to make farming climate resilient.
“The recognition of being second most sustainable aluminium producer in the world echoes our mission of Transforming for Good for the betterment of our planet, people and communities,” Sharma added.
Vedanta Aluminium’s sustainability performance in FY22 included historical highest production of 2.27 million tonnes of aluminium, an increase of 15 per cent from the previous year.
The Company’s GHG emission intensity (Scope 1 + Scope 2) reduced from 19.3 tCO2e/MT to 17.6 tCO2e/MT over the same time, which is the lowest amongst primary aluminium producers in India.
It launched first low carbon ‘green’ aluminium from India, branded Restora.
India’s largest industrial consumer of renewable energy at 3 Billion Units in FY22, Vedanta Aluminium signed Power Delivery Agreement for 380 MW of renewable power supply to its aluminium smelters.
The aluminium major successfully reduced GHG emissions intensity by 24 per cent in FY 2022, from 2012 baseline; and commissioned India’s largest fleet of lithium-ion battery powered EV forklifts
It conserved more than 827 million litres of water in the year, and partnered with TUV SUD for turning aluminium operations water positive.
Vedanta Aluminium also interlinked climate-related business performance with management remuneration by way of ESG targets to encourage a cultural shift in approach towards sustainability. Vedanta Aluminium, a business of Vedanta Limited, is India’s largest producer of aluminium, manufacturing more than half of India’s aluminium i.e., 2.27 million tonnes in FY22. It is a leader in value-added aluminium products that find critical applications in core industries. With its world-class aluminium smelters, alumina refinery and power plants in India, the company fulfils its mission of spurring emerging applications of aluminium as the ‘Metal of the Future’ for a greener tomorrow.