TRANSFORMING TRANSFORMING TRANSFORMING SUSTAINABILITY REPORT FY 2023 COMMUNITIES THE PLANET THE WORKPLACE Mapping Materiality matters to ESG Aims Mapping Materiality Matters with Vedanta’s Enterprise Risk Framework To ensure harmony and synergy with the overall organizational direction, an evaluation was conducted to verify that all ESG-related risks identified as principal and emerging risks within the risk management framework are in alignment with Transforming Communities Transforming the Planet Transforming the Workplace the high priority material topics. This evaluation aimed to confirm that the identified risks and material topics are in alignment, promoting a Aim 1 Aim 4 Aim 7 comprehensive and integrated approach to risk Indigenous Peoples and Cultural Heritage Climate Change and Health, Safety and management and sustainability. Land Acquisition, Rehabilitation Decarbonization Well-being and Closure Additionally, this exercise allowed us to evaluate emerging risks, megatrends, and regulations in terms of their significant impact on our business Aim 2 Aim 5 Aim 8 model and key value drivers, including revenue Community Engagement Water Management Diversity and Inclusion growth, margins, and capital requirements. These and Development Talent Attraction and Retention topics were assessed against Vedanta's risk Learning and Development tolerance, as defined in our Enterprise Risk Labor Practices Management (ERM) framework. For instance, climate change and decarbonisation are both high-priority material topics and a "principal risk" in Aim 3 Aim 6 Aim 9 our ERM framework, with potential wide-ranging Community Engagement Waste Management Business Ethics and impacts on our business. and Development Biodiversity and Ecosystems Corporate Governance Air Emissions and Quality Risk Management By integrating materiality assessment with ERM, we and Controls are able to align the sustainability strategy with the Tailings Management risk management framework and address our ESG impact more effectively. This integration informs our internal decision-making process, by taking into account a wider range of metrics such as changes to profitability, liquidity, and capital High Impact Topics for our External stakeholders Key Material Topics provisioning. Governance of the materiality assessment ensures that this process is well-regulated and structured. 29