TRANSFORMING TRANSFORMING TRANSFORMING SUSTAINABILITY REPORT FY 2023 COMMUNITIES THE PLANET THE WORKPLACE Message from the ESG Committee Chairperson Dear Stakeholders, • Inclusion of members from the Some significant achievements that we that will have the greatest impact on our transgender community into our have made during the year are: water usage. At Vedanta, we strive to establish ourselves as a workforce, • Our GHG intensity (TCO e/INR Mn) has sustainability leader in the natural resources • Submission of a pledge to plant 7 million 2 In line with our commitment towards Under our “Transforming for sector while we continue to create long-term reduced by nearly 30% from FY21 becoming fully water-positive, we have value for our stakeholders. Given the dynamic trees, making us the first South Asian and • RE usage has increased by four times collaborated with TUV-SUD to develop a Good” vision, we work across shift in customer requirements, it is imperative Indian metal and mining company to do since FY 2021 and by 14 times since roadmap for successfully achieving this the three pillars of that we stay ahead of the curve while also so, and FY20 goal. Through this partnership, we are Communities, Planet and The instituting the change processes to achieve a • Establishment of dedicated ESG forums confident that we will continue to make a Workplace, and we have future that integrates sustainability into all our across business units, which is a first for Our Green Metals initiative marks our foray positive impact on SDG 6. practices. This means reimagining established any company. into building a green product lineup that aligned nine discrete ways of working – right from how we extract can answer the world’s urgent need for Promoting Diversity, Inclusivity, and organisational aims under resources to how we engage with communities During the year, we made considerable lowering GHG emissions in the Gender Parity in the Workplace these pillars. and our employees. strides towards fulfilling our responsibility as hard-to-abate sectors. Our first Green conscientious caretakers of nature’s wealth Aluminium product "Restora" and "Restora Creating equal opportunities for all Under our “Transforming for Good” vision, we through our enlightened environmental Ultra" are both low-carbon products and employees, regardless of their gender, race, work across the three pillars of Communities, impact mitigation and renewal programmes, offer our customers an option for meeting or sexual orientation, is critical to building a Planet and The Workplace, and we have aligned and our also through our social outreach their own sustainability goals. During FY diverse and inclusive workforce. With this nine discrete organisational aims under these initiatives. This is reflected in our report, 2023, we have also launched a pilot goal in mind, we have initiated several pillars. The articulation of these aims has helped which underscores our commitment to project for producing copper from significant programmes that aim to revamp to give definite shape to our sustainability efforts, sustainability across all areas of our recycled copper, thereby further reducing the composition of our workforce and and we use them as a base for formulating micro operations. our carbon footprint. We have also cultivate a culture of inclusiveness. targets, designing appropriate interventions and committed to fuel switch programmes, by leveraging interlinkages to achieve holistic Achieving Net-Zero Carbon using 5% biomass in our thermal power In FY 2023, our talent management outcomes. Emissions plants and launching pilot programs at programmes were led by the target of We remain resolute in our efforts towards a multiple sites to decrease GHG intensity. recruiting more than 50% women With our purpose and values firmly in mind, we sustainable future and will continue to take employees in the workforce. The drive to have made good progress in FY 2023 against our significant action to reduce our carbon Our goal of decarbonizing 100% of our create a more gender-balanced workforce three strategic pillars, and I am delighted to footprint. With a target of achieving net-zero LMV fleet by 2030 and 75% of our mining is taken a step farther by our V-Lead present some of the major achievements of the carbon emissions by 2050 or earlier and a fleet by 2035 is driven by the adoption of programme, which aims to identify year. 25% absolute reduction in greenhouse gas electric fleets. To achieve this, we have high-performing women employees for CXO These include: emissions by 2030, we have developed a partnered with GEAR India to deploy roles. Our Ambavgarh Dialogue annual comprehensive four-lever strategy focused numerous electric vehicles and e-forklifts programme, which grooms high-performing • The introduction of our eco-friendly aluminium on renewable energy, fuel switch, energy across our various sites. Moving forward, women employees for the next level has, in product line, and process efficiency, and carbon offsets. we will continue to build connectivity in fact, earned recognition from industry • Successful implementation of electric vehicles It is an enormous undertaking, and we have the renewable energy and green metals associations like the Society for Human in our underground mines and shop floors, laid out a phased plan against which we are sectors as we work towards reducing our Resource Management (SHRM) and • Initiation of a 100% renewable making steady progress. carbon footprint. PeopleFirst. U.K. Sinha energy-powered plant, Non-Executive Independent Director Chairperson of ESG Committee 22