TRANSFORMING TRANSFORMING TRANSFORMING SUSTAINABILITY REPORT FY 2023 COMMUNITIES THE PLANET THE WORKPLACE Approach to Materiality Assessment Issues identified as being of material importance for Vedanta help to determine MATERIALITY FRAMEWORK the strategy and actions around our In determining our material topics, we have economic, environmental, and social considered the following frameworks: impact, and significantly influence our future roadmap. In FY 2023, we undertook a thorough evaluation of all material topics that carry Sustainability Accounting significance for our internal and external Standards Board (SASB) stakeholders. This assessment has played a crucial role in appraising the risks and opportunities we face, and has contributed towards the refinement of our ESG strategy. The comprehensive assessment follows MSCI ESG the principles of double materiality which involves assessing the impact of Vedanta on stakeholders Materiality based on the GRI (Global Reporting Initiative) Universal Standards, as well as evaluating the impact of ESG topics on Vedanta. This two-pillar approach considers both our S&P Global ESG Materiality organization's impact on the economy, environment, and society, and the reciprocal impact of society and the environment on our organization. Vedanta conducts materiality assessment every two years, and reviews the material issues annually. Furthermore, we maintain a continuous and robust International Council on Mining and engagement with our stakeholders, recognizing Metals (ICMM) Principles their substantial influence on our business. Regular interactions with them enable us to understand their perspectives and promptly respond to evolving market dynamics, ensuring we stay ahead of potential risks. 27