The Business Bytes
TBB BUREAU
NEW DELHI, DEC 13, 2022
Vedanta Aluminium has unveiled its Sustainable Development (SD) Report for FY2021-22, titled ‘Accelerating to Net Zero’, on National Energy Conservation Day. The report encapsulates the company’s performance across key dimensions of sustainability, such as economic performance, supply chain management, climate change & energy management, air quality & emissions control, water management, biodiversity management, waste to wealth, safety, health & wellbeing, people excellence, community welfare, etc.
Vedanta Aluminium has also launched its maiden report on climate change, titled ‘Road to Net Zero Carbon’, aligned to the Taskforce for Climate-related Financial Disclosures or the TCFD framework. Through the report, the company aims to inform its stakeholders about business-related opportunities, climate management strategies, commitment and performance, in the context of climate change.
According to Vedanta Aluminium’s SD and TCFD Reports, the company registered historical highest production of 2.27 million tonnes of aluminium, an increase of 15 percent from the previous year; launched first low carbon ‘green’ aluminium from India, branded Restora; reduced GHG emissions intensity by 24% in FY 2022, from 2012 baseline; its GHG emission intensity got 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; interlinked climate-related business performance with management remuneration by way of ESG targets to encourage a cultural shift in approach towards sustainability, etc.
Launching the reports, Vedanta Ltd. CEO – Aluminium Business, Rahul Sharma said, “We are on a mission to align incentives of growth with imperatives for the planet. Our determination to build a Net Zero climate-resilient aluminium business is equally matched by our commitment to improve the quality of lives of those around us, with the knowledge that both are contingent on the environment. And therefore, we have redesigned our ESG (Environmental, Social & Governance) roadmap with 2030 and 2050 milestone targets, with a focus on increasing renewable energy consumption, carbon reduction, water conservation and waste utilization.”
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. Vedanta Aluminium ranks 4th in the Dow Jones Sustainability Index (DJSI) 2021 world rankings for aluminium industry, a reflection of its sustainable development practices. 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.
