TRANSFORMING TRANSFORMING TRANSFORMING SUSTAINABILITY REPORT FY 2023 COMMUNITIES THE PLANET THE WORKPLACE Aim 9 Adhere to global business standards of corporate governance Key Material Issues Ethical lapses, such as fraud, bribery, ethical behaviour, and provides Statutory committees (Audit & Risk Business Ethics & Corporate Governance, or non-compliance with laws and effective guidance for Vedanta's Management, Nomination & Risk Management and Controls, Data Privacy & Cybersecurity regulations, can result in legal operations and strategy. At Vedanta, Remuneration, Corporate Social penalties, reputational damage, and the objective of CBCE is to build Responsibility Committee and financial losses. Effective corporate positive stakeholder relationships Stakeholders' Relationship Committee), governance is embedded in our code through a well-defined framework of that play a crucial role in executing their of business conduct and ethics policies, standards, procedures, and designated tasks on behalf of the Board. (CBCE). It plays a crucial role in defining obligations. Business ethics is a material topic as it directly impacts rules for professional conduct that are consistent with our values and To facilitate specific responsibilities, Corporate Governance Award conferred the company's reputation and the level of trust a company purpose, risk management, promoting the Board has established four by the Indian Chamber of Commerce builds with their stakeholders. Ethical misconduct can create significant risks for a company. It can lead to reputational damage, loss of customers and investors, employee turnover, lawsuits, and financial penalties. By prioritising business ethics, Vedanta mitigates these risks and protects the long-term sustainability of its operations. SEVEN PILLARS OF VEDANTA Sustainability, People Values, Digitalisation, Quality Growth Giving back to Health, Ethics & Innovation, Community/ Safety & Governance Technology Society Environment & Excellence GUIDING PRINCIPLES Transparency Policies & Managment/ Values & Monitoring Executing and Regulatory Board and Ethics & Internal Strategy & Accountability Framework Committees Control Managing Risk 98