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Vedanta Reports Sustainable Development Performance as per GRI G4

  • Vedanta is the only Indian natural resources company with a Sustainable Development Report in compliance with GRI G4 reporting

  • The report is aligned and reports to United Nations Global Compact & Millennium Development Goals

  • Independent assessment by DNV GL highlights operational excellence in Sustainability & CSR

  • World CSR Congress awards Vedanta’s Sustainable Development Report 2014-15                                                                                                                                                              

Vedanta earned the distinction of being India’s only diversified natural resources company with a global footprint that published its Sustainable Development Report 2014-15 as per the new Global Reporting norms (GRI G4). The Report is awarded the ‘Best Sustainability Report’ by the World CSR Congress at the National Awards for Excellence in CSR & Sustainability 2015. This 7th Sustainability Development Report is aligned and reports to United Nations Global Compact (UNGC) as well as the Millennium Development Goals (MDG).

 

Vedanta’s report is one of 16 Sustainability Reports – FY 2014 – 2015, of Indian companies across sectors, in compliance with the GRI G4 framework, as reported in the GRI database http://database.globalreporting.org/search. The Sustainable Development Report 2014-15 has been independently assessed by DNV-GL Business Assurance India Pvt. Ltd. An independent moderate level of assurance engagement has been conducted in accordance with the ‘Core Reporting Requirements’ of the GRI G4 sustainability reporting guidelines.

 

Vedanta is one of the few pioneering companies who have successfully adopted the GRI-G4 framework to transparently communicate to their stakeholders. The CII-ITC Centre of Excellence for Sustainable Development has been involved with capacity building of several units of Vedanta since 2012. Having assisted the company in implementing its Sustainability Management Framework, we are delighted to see that capacity building has now led to Vedanta successfully reporting their initiatives using the international GRI-G4 guidelines,” said Seema Arora, Executive Director, CII-ITC Centre of Excellence for Sustainable Development.

 

The report is based on the key material aspects for Vedanta, including the Mining and Metal, Oil and Gas supplements. “We repeated last year’s materiality review to understand if stakeholder priorities had changed and the outcomes of the review have been identified as highest priority issues. These key priority areas which we will continue to focus, are working towards a zero harm organization, strengthening our social license to operate and our commitment for community development,” said Ms. Roma Balwani, President, Group Sustainability, CSR & Communications, Vedanta.

 

The Sustainability Report along with the company’s Annual Report, provides an overview of the approach and achievements of Vedanta’s CSR & sustainability initiatives across the world. Themed ‘Commit, Connect, Care’, the report highlights the company’s drive to empower communities, eliminate poverty and facilitate broad-based socio-economic development. A detailed online version of the report is available on following URL: http://sd.vedantaresources.com/SustainableDevelopment2014-15/index.html

 

About Vedanta Limited (Formerly Sesa Sterlite Ltd. /Sesa Goa Ltd.)

Vedanta Limited (Vedanta Ltd) is a diversified natural resources company, whose business primarily involves exploring and processing minerals and oil & gas. The Company produces oil & gas, zinc, lead, silver, copper, iron ore, aluminium and commercial power and has a presence across India, South Africa, Namibia, Ireland, Australia, Liberia and Sri Lanka.

 

Vedanta Ltd, formerly Sesa Sterlite Ltd. /Sesa Goa Ltd., is the Indian subsidiary of Vedanta Resources Plc, a London-listed company. Sustainable Development is at the core of Vedanta’s strategy, with a strong focus on health, safety and environment and on enhancing the lives of local communities. Vedanta Ltd is listed on the Bombay Stock Exchange and the National Stock Exchange in India and has ADRs listed on the New York Stock Exchange.

 

For more information please log on to www.vedantalimited.com

 

Disclaimer

This press release contains “forward-looking statements” – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “should” or “will.” Forward–looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

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