TRANSFORMING TRANSFORMING TRANSFORMING SUSTAINABILITY REPORT FY 2023 COMMUNITIES THE PLANET THE WORKPLACE Having a strong network is crucial, since it Emerging Leaders Program: Nurturing Talent for Future Leadership facilitates an avenue to provide employees with clarity in terms of their roles, responsibilities, and Our Emerging Leaders programme embodies In line with this, an initiative was launched functional requirements. our belief in "Leadership from Within" and our to identify 100 Top-Quality young minds Measuring Employee Performance: At Vedanta, dedication to cultivating a robust leadership with solid Pedigree, Performance and we follow a robust system of having well-defined pipeline. The principal objectives of the Potential (3Ps) and place them in No.2 Key Performance Indicators(KPIs) and Key Result programme are: leadership Roles/Positions across Areas (KRAs) in place, with the help of which we Businesses/ SBUs/Functions • To identify high-potential employees and assess the performance of our employees develop them into future leaders. periodically. This exercise is supported by data and A pool of 3,000 employees was 2.5% identified basis desktop shortlisting. improvement in tools and platforms like Synergita and Darwinbox, • Ensure diversity in front-line decision-making which help us to analyse gaps and periodic trends. roles, promote a range of perspectives and These individuals underwent varied kind employee We are also supported by our project management experiences. of assessments evaluating their satisfaction score partners Deloitte and Korn Ferry. competencies and proficiencies in • Provide high-impact roles to identified talent. Business Acumen, Volume, Cost, R&R, By taking a well-structured, data based approach HSE, Business Partner Management, to the different aspects of workforce planning and • Facilitate cross-business and location Best Practices, Data Analytics, management, we ensure that our talent pipeline movements, thereby exposing emerging Digitization and other qualitative remains equipped to handle the demands of a leaders to diverse environments and information. A series of workshops/panel fast-growing organization. experiences. engagements with the participants and high potential leaders were conducted to identify top performers. Promoting learning for transformational growth Capacity Building of Senior Management on ESG This unique initiative helped us in identifying young talent and elevating The commitment of our leadership and the them to significantly higher roles thus, engagement of our employees play a crucial role in catering to aspirations and ambitions of advancing our ESG initiatives. We have young and talented minds. The initiative successfully implemented an essential ESG has played a pivotal role in increasing training programme, called Sustainability 101, for employee retention and thereby our senior managers and it is now being extended reducing the attrition rate in FY22 from across the entire organization. This comprehensive 11.15% to 8.86% in FY23. programme is designed to deepen employees’ understanding of ESG-related issues, challenges, opportunities, and their relevance for our business operations. By raising awareness and sensitivity among our employees, we hope to cultivate a culture of sustainability and align our collective efforts towards achieving our ESG goals. 111