CEO Rahul Sharma says the principles of sustainability are imbibed in “every aspect of the way we conduct our business”.
NEW DELHI, Dec 14 (The CONNECT) – As much as 93% of mined out area by Vedanta Aluminium Business has been rehabilitated as part of biodiversity management and the company recycled 16.5 billion litres of water across operations.
Vedanta Aluminium Business, which has unveiled its Sustainable Development Report (SDR) for FY 2020-21 on National Energy Conservation Day yesterday, said it has purchased 308 million Units of renewable power for producing aluminium. Towards decarbonization of operations, it has set a target of achieving 24% reduction in GHG emissions intensity over 2012 baseline by FY 2025.
Titled ‘Nature, Nurture, Future’, the report was released in a campus connect programme with the TERI School of Advanced Studies (TERI SAS). Students, alumni and faculty from TERI SAS participated in the programme.
The report encapsulates the Business’ performance across key sustainability parameters such as Energy and Climate Change Management, Water Management, Biodiversity Management, Air Quality and Emissions control, Health & Safety, Social Impact and Governance, etc. for the FY 2020-21 performance period.
Launching the report, Rahul Sharma, CEO – Aluminium Business, Vedanta Ltd. said, “The principles of sustainability are imbibed in every aspect of the way we conduct our business. It is imperative for us that our business growth materializes in a sustainable manner through judicious and responsible utilization of resources, highest efficiency of assets and processes, and a focused approach towards carbon mitigation. We are committed to decarbonisation of our operations in the long term. As India’s largest aluminium producer, we are unrelenting in our pursuit of excellence in all aspects of business, including Environment, Social and Governance (ESG).”
Prof. Shaleen Singhal, Dean (Research and Partnerships) at TERI SAS, said, “TERI School of Advance Studies students and faculty members are delighted to be part of this launch event that demonstrates Vedanta Aluminium's commitment to sustainability. This unique university-corporate partnership shall advance the frontiers of knowledge creation and practice for sustainable development.”
Prepared in accordance with the Global Reporting Initiative (GRI) Standards, the report outlines Vedanta Aluminium’s approach to sustainable and responsible development aligned to United Nations Global Compact (UNGC) Principles and United Nations Sustainable Development Goals (UN-SDGs).
Setting operational excellence parameters for the production of aluminium, Vedanta Aluminium distributed economic value to the tune of USD 4.19 billion and its climate action initiatives have resulted in GHG emission intensity reduction by 21% at the Aluminium Business against FY 2011-12 as baseline
It has employed women professionals in 14% of management positions across the business, the company
With its deep interventions in community welfare dimensions of livelihood and skill development, women’s empowerment, quality education, health & sanitation, etc. it has contributed to improving lives of five lakh people hailing from local communities
Since the outbreak of COVID, Vedanta Aluminium has supported the local communities, district administrations, state governments, central government, with grocery supplies, PPEs, medical equipment, oxygen, financial contribution, and many other need-based requirements
Vedanta Aluminium Business, a division of Vedanta Limited, is India’s largest manufacturer of aluminium, producing over half of India’s aluminium i.e., 1.97 million tonnes in FY21. It is a leader in value-added aluminium products that find critical applications in core industries. With its world-class aluminium smelters, alumina refinery and power plants in India, the company fulfils its mission of spurring emerging applications of aluminium as the ‘Metal of the Future’ for a greener tomorrow.