Vedanta Ltd, a key player in natural resources, hydrocarbons, and technology, has achieved recognition in the S&P Global Corporate Sustainability Assessment (CSA) 2023. The company has secured the 3rd position in the Metal and Mining sector, marking an improvement from its 23rd place in 2018.
The Vedanta Group is a global natural resources company headquartered in India. Founded by Anil Agarwal, the group operates across India, Africa, Australia, and the Americas. Vedanta’s portfolio includes metals and mining, oil and gas, and power generation businesses. The company is known for its focus on sustainability and community development, aiming to create long-term value for all stakeholders.
The company is one of the world’s largest producers of zinc and owns significant interests in copper, aluminum, iron ore, and energy resources. The group’s subsidiaries include Hindustan Zinc Limited, Vedanta Aluminium Limited, and Cairn India Limited, among others. The company’s commitment to operational excellence and responsible business practices underscores its position as a leading natural resources conglomerate.
Additionally, its subsidiary, Hindustan Zinc Ltd, has emerged as the top performer in the sector, claiming the prestigious first position. Particularly noteworthy is Vedanta Aluminium, which is India’s largest producer of aluminium and has been recognized as the world’s most sustainable aluminium producer.
Priya Agarwal Hebbar, serving as the Non-Executive Director of Vedanta Ltd and also the Chairperson of Hindustan Zinc, has expressed deep satisfaction and pride in the group’s accomplishments. She attributes these achievements to their steadfast dedication to sustainability, highlighting the collaborative efforts of colleagues, partners, and investors as pivotal in reaching this significant milestone.
The remarkable standings of both Hindustan Zinc Ltd and Vedanta Ltd are further emphasized by their prestigious inclusion in the top 1% of sector companies listed in the S&P Global Sustainability Yearbook 2024. This recognition stands as a shining testament to their exceptional corporate sustainability practices.
The rankings provided by S&P Global CSA are highly regarded in the realm of responsible investing, serving as a key reference point for investors seeking to gauge a company’s durability and dedication to sustainability in the long term. Vedanta’s pledge to sustainability is clearly demonstrated by its ambitious objective of attaining zero carbon emissions by 2050, or even earlier.
In pursuit of this goal, the company has outlined a substantial investment plan of $5 billion over the coming decade. This investment will not only accelerate Vedanta’s transition to net-zero emissions but also drive the implementation of cutting-edge technological innovations across all facets of its operations.
