The Business Bytes
TBB BUREAU
NEW DELHI, JUNE 4, 2022
As World Environment Day is observed across the globe on June 5 to raise awareness and describe the importance of Mother Nature, Vedanta Aluminium CEO Rahul Sharma on Saturday said that business growth and sustainable development are two sides of the same coin.
“At Vedanta Aluminium, India’s largest producer of aluminium, we believe that business growth and sustainable development are two sides of the same coin. Our climate action endeavours saw us reduce the greenhouse gas (GHG) emissions intensity at our largest aluminium smelter by around 12 percent in FY2021-22 over the previous fiscal, while increasing our production volumes by 20 percent,” said Sharma on the eve of the World Environment Day.
“We were also India’s first to launch low carbon ‘green’ aluminium, branded Restora, and in the process became the nation’s largest consumer of renewable energy,” he added.
Over 2012-21, Vedanta Aluminium reduced its GHG emissions intensity by 21 percent while tripling its production. Vedanta Aluminium ranked fourth in the Dow Jones Sustainability Index (DJSI) world rankings for aluminium industry in 2021 in testimony to this relentless focus on sustainable development.
“To further step up our ESG (Environmental, Social, and Governance) performance, we have put in place 11 Communities of Practice to drive our ESG agenda for Net Zero Carbon by 2050,” said Sharma.
