TRANSFORMING TRANSFORMING TRANSFORMING SUSTAINABILITY REPORT FY 2023 COMMUNITIES THE PLANET THE WORKPLACE Our closure plans are carefully developed, considering the following aspects: • A comprehensive understanding of the operating Adequate financial resources are allocated to environment, encompassing socio-economic, cover closure and rehabilitation activities, cultural, and environmental factors, as well as ensuring the successful execution of the legal and regulatory requirements for closure. closure plan, regardless of whether it occurs as planned or prematurely. We continuously update • Evaluation of various closure options, the closure plans and associated cost considering criteria such as environmental estimates to adapt to evolving circumstances in impact, reputational risk, socio-economic mine development, operational planning, factors, and community considerations, with a environmental and social conditions, clear rationale for selecting the preferred option. stakeholder expectations, and advancements in techniques and technologies. To enhance • Assessment of the primary risks and transparency and accountability, we provide opportunities associated with the chosen regular reporting on the implementation of our closure option. closure plan and site rehabilitation. Progress against the closure plan is communicated • Extensive consultation process involving internal openly and regularly to all internal stakeholders and external stakeholders, recognizing the and relevant external parties. importance of community involvement in plan development. This ensures that their Furthermore, all subsidiary companies and expectations are understood, managed, and that operations under Vedanta Ltd. adhere to the they are informed about any residual impacts stipulations concerning decommissioning and resulting from decommissioning and site closure procedures. They ensure that the post-closure activities. mechanisms employed for decommissioning and site closure align with international • Our commitment to mine closure including social closure initiates even before the commencement standards, such as the IFC performance of mining operations and remains an ongoing standards, IFC EHS Guidelines, ICMM principles, process throughout the entire life cycle of the as well as impact assessment and consultation mine. Our closure plans are built upon the processes where applicable. technical standard for site closure, which encompass prioritizing safety and stability, Vedanta has successfully completed the fostering socio-economic transition, and closure of a single site: Lisheen, in Ireland back contributing to risk mitigation efforts. in 2015. There have been no recent mine closures for Vedanta. 37