Vedanta Aluminium announces the launch of its maiden Sustainable Development Report

Vedanta Aluminium and Power Business has released its maiden Sustainable Development Report. The report, which was inaugurated on World Environment Day, can be accessed on the business’ website www.vedantaaluminium.com.

The Sustainable Development Report covers the Business’ performance across key sustainability parameters such as Energy Management, Water Management, Biodiversity Management, Air Quality, Health & Safety, Social Impact and Governance etc for the FY 2019-20 performance period.

Rahul Sharma presented the Sustainability Report to Prof. M.P. Jaiswal, Director, IIM Sambalpur at the conclusion of the event. The report was prepared in accordance with the Global Reporting Initiative (GRI) Standards.

Rahul Sharma, Dy. CEO, Aluminium Business, Vedanta Ltd 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.”

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). Key highlights from the report include:

• Operational excellence parameters for the production of aluminium
• Vedanta Aluminium generated and distributed economic value to the tune of USD 4.8 billion
• Over USD 14 million spent in community investments through social interventions in livelihood and skill development, women’s empowerment, quality education, health & sanitation, etc. improving lives of 3 lakh people hailing from local communities
• Recycling and reuse of wastewater generated at plants, resulting in 3.6 million m3 reduction in freshwater consumption over previous fiscal
• Vedanta’s aluminium smelter at Jharsuguda is India’s first, and the world’s third smelter to deploy Digital Smelter Solution. It uses digital twin technology, predictive and prescriptive analytics to enhance energy efficiency, reduce raw material consumption and arrest wastage of material through remote advisory system.

The company 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).