Vedanta Aluminium and Power Business, India’s largest producer of aluminium and its value-added products, unveiled its maiden Sustainable Development Report.
June 09, 2021. By News Bureau
Vedanta Aluminium and Power Business, India’s largest producer of aluminium and its value-added products, unveiled its maiden Sustainable Development Report today. The report encapsulates 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.
To mark the occasion, Rahul Sharma 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’. He 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, 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.”
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.
Speaking on the launch, Prof. M.P. Jaiswal said, “We are delighted to be a part of the momentous occasion where Vedanta Aluminium launched their first ever Sustainability Report. Industries have a vital role to play in shaping a greener future, and the report stands testimony to Vedanta’s commitment and sustainability efforts for a better tomorrow. The learnings from the report will help our students develop essential knowledge and understanding of sustainability and its key facets, in a business context. It will help orient them on how to map business aspirations to global sustainability and environment goals, for ensuring responsible and equitable development.”
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