The Business Bytes
TBB BUREAU
NEW DELHI, JAN 08, 2024
Vedanta’s Hindustan Zinc (HZL), the world’s largest zinc, lead and silver producer, has secured the coveted first position in the S&P Global Corporate Sustainability Assessment 2023 in the metals and mining sector.
With an impressive score of 85, Hindustan Zinc stands out as the top-ranked company among the 238 global peers in the sector. Vedanta Limited, the parent company secured the third position globally, moving up three ranks with a notable score of 80.
The accomplishment reflects the company’s commitment to sustainable business practices and responsible corporate citizenship. The score also makes Vedanta eligible for inclusion in The Dow Jones Sustainability World Index, one of the world’s most trusted environmental, social, and governance (ESG) indices, The Dow Jones Sustainability Emerging Markets Index, and the S&P Global Large MidCap ESG Index.
Speaking on this achievement, Hindustan Zinc Limited Chairperson & Vedanta Limited Non-Executive Director Priya Agarwal Hebbar said, “We are proud of Hindustan Zinc’s and Vedanta’s remarkable performance in the S&P Global Corporate Sustainability Assessment. Our improved ranking in the prestigious global assessment is a testament to our commitment towards building a sustainable future. We continue to march on this transformative journey, creating global benchmarks in our industry. Our gratitude to our colleagues, supply partners and investors who are all part of the unique support system that’s made this achievement possible.”
The Group’s continuous efforts to enhance Environmental, Social, and Governance practices, have resulted in a significant improvement from the previous year’s score of 76, where Vedanta was ranked 6th. With these rankings, the company joins the ranks of global companies like Newmont Corp, Anglo American plc and Teck Resources Limited.
This remarkable achievement can be attributed to enhanced ESG strategies, disclosure practices, and implementation efforts at Vedanta. These improvements have led to the company achieving top scores in categories such as Transparency & Reporting, Biodiversity Management, Resource Efficiency & Circularity, and Waste Management within the industry.
With more than two decades of experience in ESG rating, S&P Global Corporate Sustainability Assessment (erstwhile DJSI) is one of the oldest, trusted and referred ratings. It assessed 238 global metal and mining companies across Environment, Social and Governance performance parameters.
