Vedanta Aluminium and Power Business, India’s largest producer of aluminium and its value-added products, unveiled its maiden Sustainable Development Report.
The report encapsulates the business’ performance across key sustainability parameters such as energy management, water management, biodiversity management, air quality, health and safety, social impact and governance for the FY 2019-20 performance period.
The Sustainable Development Report was inaugurated on World Environment Day.
To mark the occasion, Rahul Sharma, Dy. CEO, Aluminium Business, Vedanta Ltd, interacted with over a hundred students and faculty members of IIM Sambalpur in Odisha, where the company operates its largest aluminium complex and alumina refinery, over a virtual ‘Campus Connect’ session.
The theme was ‘Sustainability in business operations and the bridge to Doing Well and Doing Good’. Rahul Sharma presented the Sustainability Report to Prof. M.P. Jaiswal, Director, IIM Sambalpur at the conclusion of the event.
Launching the Sustainability Report for the business, 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.”
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).
Overall, the Vedanta Aluminium & Power Business contributed nearly 1% 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.