Vedanta launches its Sustainable Development report ‘Accelerating to Net Zero’ for FY2022

On National Energy Conservation Day, Vedanta Aluminium, the largest aluminium producer in India, released its Sustainable Development (SD) Report for FY 2021–22, titled 'Accelerating to Net Zero.' The report summarized the organization's performance concerning critical sustainability dimensions, including economic performance, supply chain management, climate change & energy management, air quality & emissions control, water management, biodiversity management, waste to wealth, safety, health & well-being, people excellence, community welfare, etc.

Additionally, under the Taskforce for Climate-related Financial Disclosures, or TCFD framework, Vedanta Aluminium released its first climate change report titled "Road to Net Zero Carbon." Through this report, the corporation wants to educate its stakeholders about business prospects, commitment, and performance in the context of climate change.

The largest aluminium producer in India is Vedanta Aluminium, a division of Vedanta Limited, which produced 2.27 million tonnes of aluminium in FY22, more than half of the country's total production. It is a pioneer in aluminium products with added value essential in key sectors. The Dow Jones Sustainability Index (DJSI) 2021 global rankings for the aluminium industry place Vedanta Aluminium fourth, resulting from its commitment to sustainable development.

“We are pleased to launch the Sustainable Development Report and TCFD Report of Vedanta Aluminium for FY 2021-22, both of which highlight the progress in our climate action endeavours. 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,” said Mr Rahul Sharma, CEO – Aluminium Business, Vedanta Ltd.

Points included in Vedanta Aluminium’s SD and TCFD reports are:

• Aluminium was produced at its highest level in history, 2.27 million tonnes, up 15% from the previous year.
• GHG emission intensity (Scope 1 + Scope 2) decreased from 19.3 tCO2e/MT to 17.6 tCO2e/MT during the same time, which is the lowest among India's leading aluminium producers, and reached its historical high of 2.27 million tonnes, up 15 per cent from the previous year.
• India introduced the first low-carbon, "green" aluminium under the Restora brand.
• With 3 billion units, India is the largest industrial user of renewable energy.
• Signed a power delivery contract to supply our aluminium smelters with 380 MW of renewable energy.
• From a baseline in 2012, GHG emissions intensity was reduced by 24% in FY 2022.
• India's largest fleet of electric forklifts powered by lithium-ion batteries was put into service.
• 4th in the world for the aluminium industry according to the Dow Jones Sustainability Index; 827 million or more litres of water saved in the last year;
• Partnership with TUV SUD to make aluminium operations water positive; and 4th in the world for the aluminium industry overall.
• Using ESG objectives to link management pay with company success related to the environment to promote a cultural change toward sustainability
• Impactful social initiatives positively influenced the lives of 0.38 million women and children.

With its top-notch alumina refinery, power plants, and aluminium smelters in India, the firm accomplishes its aim of fostering new uses for aluminium as the "Metal of the Future" for a greener tomorrow.