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Unveils Sustainable Development Report 2023-24, showcasing milestones in climate action, community investment, and governance

Vedanta Aluminium, India’s largest aluminium producer, continues to set new benchmarks in its journey towards sustainability, by reducing its greenhouse gas (GHG) emissions intensity by 28.5% against its FY2012 baseline. This achievement underscores the company’s unwavering commitment to responsible environmental practices and its vision for a Net Zero future. The company’s sustainability journey and achievements are comprehensively captured in its most recent Sustainable Development Report 2023-24, which highlights significant progress in environmental stewardship, governance, and community initiatives.

The company’s community impact efforts remain robust, with INR 1.1 billion allocated to various community development projects. These initiatives have positively impacted the lives of approximately 600,000 individuals across 269 villages in some of the most backward regions of the country. With this focus on inclusive growth, Vedanta Aluminium continues to enhance social equity and contribute to the socio-economic upliftment of the regions it operates in.

Priya Agarwal Hebbar, Non-executive Director at Vedanta, said, “At Vedanta Aluminium, we take pride in embodying our ‘Transforming for Good’ philosophy, which underscores our unwavering commitment to sustainability, inclusivity, and meaningful community impact. As a key enabler of the global energy transition, aluminium production necessitates responsible and sustainable practices. Guided by our ESG principles, we are dedicated to achieving carbon neutrality by 2050 while advancing eco-conscious operations that align with India’s Net Zero vision for 2070. Through bold climate action including the incorporation of renewable energy in our operations and in introduction of green aluminium lines, Restora and Restora Ultra, we are setting a benchmark for responsible industrial growth on a global scale. Together, we are creating a sustainable future for the planet and its people."

Commenting on the company’s sustainability journey, Sunil Gupta, COO, Vedanta Aluminium, said, “At Vedanta Aluminium, sustainability is at the core of everything we do. As a testament to our efforts, we are proud to have secured the second position in the S&P Global Corporate Sustainability Assessment 2024. With the release of our FY2024 Sustainable Development Report, we celebrate significant milestones in our journey towards creating lasting environmental and social impact. Our commitment to achieving Net Zero emissions by 2050 is reflected in the substantial reduction of GHG emissions and our growing adoption of renewable energy. Beyond environmental stewardship, we continue to empower local communities and foster sustainable industrial practices. These achievements underscore our leadership in sustainability and reaffirm our dedication to balancing growth with responsibility—to people, the planet, and future generations."

The key highlights outlined in the report include:

• Secured 2nd position in the S&P Global Corporate Sustainability Assessment for the aluminium sector globally.

• Vedanta Aluminium launched Restora and Restora Ultra, low-carbon aluminium products made with 10.17% reclaimed aluminium, significantly reducing carbon emissions.

• Reduced GHG emissions intensity by 10% in FY2024 compared to FY2021

• Achieved 133% utilization of generated ash.

• Sourced 1.3 billion units of renewable energy, making up 3.7% of total energy procurement.

• Recycled more than 15 billion litres of water in FY2024 and achieved energy savings of 1.3 million GJ.

• Planted more than 1.3 million native saplings for progressive rehabilitation of mined-out areas.

• Utilized 20 tonnes of biomass briquettes daily, reducing GHG emissions by 10,000 tonnes of CO2 annually.

• Positively impacted around one million women and children through education, healthcare, and sanitation programmes.

• Workplace diversity and inclusion remains a key focus area, having achieved 19% gender diversity within its workforce. This includes the induction of 26 transgender individuals in the workforce.

Click here to access the complete report. https://d1rbiogke1jwo5.cloudfront.net/wp-content/uploads/2024/10/Vedanta-Aluminium-Sustainable-Development-Report-FY-23-24.pdf

Vedanta Aluminium, a business of Vedanta Limited, is India's largest producer of aluminium, manufacturing more than half of India's aluminium i.e., 2.37 million tonnes in FY24. 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.