TRANSFORMING TRANSFORMING TRANSFORMING SUSTAINABILITY REPORT FY 2023 COMMUNITIES THE PLANET THE WORKPLACE Compliances, Audits and Controls There are other unprecedented risks to Industry Thinktanks & Academic NGOs and Civil operations that is significant with respect Compliance, audits and control Associations Subject-matter Institutions Society to the long-term impact on Vedanta’s is to ensure that an effective expert Organisations Organisation business activities, listed below. While audit and assurance these risks may not have a clear financial programme is in place in Aluminium Association of India Quality Circle Forum of India IIT Madras Wockhardt Foundation Charbhuja Filling impact, their potential impact on the relation to the management of Station Company’s business is already assessed, sustainability-related risks and and mitigation strategies are already overall sustainability Federation of Indian National Safety Council IIM Sambalpur Action for Food Middle East Council developed for each risk. Mineral Industries (FIMI) Production of Churches (MECC) performance. This includes Risk Culture having a system that evaluates International Zinc Association TERI IIT Bombay Drishtee Foundation Barmer Jan conformance to Vedanta Group Sewa Samiti Effective risk management helps us requirements, the Company and prevent incidents that could harm operations requirements, Confederation of United Nations ISB Hyderabad Sarthak Jan Vikas IPE Global Vedanta's reputation, stakeholder trust, and stakeholder requirements and Indian Industry (CII) Global Compact Sansthan social license to operate. By addressing regulatory requirements where risks proactively and transparently, the applicable. It provides FICCI UN Women’s IISc Bengaluru Learnet Skills limited Paralympic Company aims to maintain positive Empowerment Principles Committee of India relationships with stakeholders, including assurance to the Board and its local communities, regulators, and stakeholders that sustainability ASSOCHAM IUCN – Leaders for Nature BITS Pilani BAIF Development GT Healthcare investors. risks are being managed Research Foundation Trust appropriately and to a Vedanta’s commitment to risk consistent level across the Indian Steel Association British Safety Council IIM Raipur Sehgal Foundation CHETNA Foundation management is upheld by all employees business. and executives, as reflected in the code of Federation of Indian Indian Green Building Council National Forensic Swajal Pvt. Ltd Navrachna Mahila business conduct and ethics and annual Public Advocacy Petroleum Industry Sciences University Vikas Trust trainings. At Vedanta, risk mitigation plans (NFSU), Gandhinagar are an integral part of the Key Result Areas Organisation and Membership (KRAs) and Key Performance Indicators Vedanta is a member of several The Federation of Mine Ventilation Society of Waterlife CEDRA industry associations that share Indian Chambers of South Africa (MVSSA) (KPIs) of process owners. Leadership Commerce and Industry teams within each business division common goals. The Company oversee the governance of our risk and associations routinely work Minerals Council Recycling and Environment Fontus BODH Siksha Samiti management framework, ensuring its together to advance public South Africa Industry Association of India proper implementation and continuous policies of interest to Vedanta effectiveness. and the natural resources Mine Health & Rural Development HelpAge India industry. In FY 2023, INR 15.8 Safety Council (MHSC) Organisation (RDO) By actively addressing risks, embracing billion was spent on Vedanta’s strategic objectives, and membership fees to industry implementing mitigation plans, the and trade associations, and Association of Vodalife Company strives to maintain positive Mine Managers (AMMSA) relationships with stakeholders and ensure sponsorships to the events the long-term success of the organisation. organised by these Recycling and Environment SEEDs associations. Electoral bonds Industry Association of India Read more in the risk management section worth INR 1.55 billion was of the Annual Integrated Report FY purchased. 2022-23. 105