- Vedanta Aluminium achieves first place in the S&P Global Corporate Sustainability Assessment (CSA) 2023, reflecting superior Environment, Social, and Governance (ESG) practices in the aluminium industry.
- The company has made significant strides in reducing greenhouse gas emissions, freshwater usage, and enhancing waste utilization, contributing to its top sustainability ranking.
- Vedanta Aluminium’s commitment includes a strategy to achieve Net Zero by 2050, focusing on renewable energy integration and extensive afforestation to offset its carbon footprint.
Vedanta Aluminium, India’s largest aluminium producer, has been recognized as the world’s most sustainable aluminium producer in the 2023 S&P Global Corporate Sustainability Assessment (CSA). This achievement is a testament to the company’s unwavering commitment to Environment, Social, and Governance (ESG) practices, where it outperformed global peers.
The CSA is an annual evaluation that assesses over 10,000 companies worldwide, focusing on industry-specific and financially material sustainability criteria. Vedanta Aluminium’s advancement from the second rank in 2022 CSA to the top position in 2023 signifies its substantial improvement in all key areas of ESG performance.
Vedanta Aluminium has been instrumental in promoting aluminium as a sustainable material. The company’s strategy to achieve Net Zero emissions by 2050 involves increasing renewable energy use, improving operational efficiencies, transitioning to low-carbon energy sources, and undertaking extensive afforestation.
“We have embarked on a transformative journey where our commitment to sustainability goes beyond business compliance to focusing on how we can make a positive impact on the environment. Securing the top rank in the S&P Global CSA recognizes our commitment to fully embed sustainability practices across every facet of our value chain, from sourcing to product delivery. We are prioritizing higher resource efficiencies, greater use of renewables in our energy mix, ’converting waste into wealth’ while also ensuring the safety and well-being of our employees and forging enduring partnerships with our communities for inclusive development. Through these efforts, Vedanta Aluminium is crafting a legacy of environmental stewardship, paving the way for a more sustainable future.”John Slaven, CEO, Vedanta Aluminium
The company has achieved notable milestones in its sustainability journey, including an 8% reduction in GHG emissions intensity and a 11% reduction in water withdrawal from freshwater sources in FY23, compared to the FY21 baseline. Additionally, Vedanta Aluminium has doubled its waste utilization, contributing significantly to the circular economy. It has also inducted India’s largest fleet of electric forklifts, further reducing its carbon footprint.
In line with its sustainability goals, Vedanta Aluminium has positively impacted over 630,000 women and children through focused social interventions and increased community investments by over 45% in FY23. These initiatives encompass education, healthcare, livelihood support, and promoting grassroots art, culture, and sports.
The success of Vedanta in the S&P Global CSA 2023 rankings is a reflection of its comprehensive approach to sustainable development. Vedanta Aluminium’s operations facilitate global access to responsibly produced, high-quality aluminium, ensuring a greener future for the planet. This achievement underlines the company’s role in shaping a sustainable future through strategic environmental stewardship and social responsibility.
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