Vedanta Aluminium becomes signatory to CII Climate Action Charter

2024-11-22 09:03:05 Environment

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New Delhi; 25th November 2022: Vedanta Aluminium, India's largest producer of aluminium, announces that it is now a signatory to the Confederation of India Industry (CII) Climate Action Charter. This reaffirms the company's commitment to Net Zero carbon operations and to work with customers & suppliers to spur climate action in its value-chain, and is indicative of the role industries could play in successfully implementing climate change mitigation strategies.

The CII Climate Action Charter is a cross-industry initiative to promote structured climate action among Indian businesses. CII has evolved the Charter as a useful tool for businesses to track their climate impact, evolve tailored, long-term strategies to mitigate emissions, and encourage participants across their value chains to transition to sustainable technologies and operations. Vedanta Aluminium aims to leverage this platform to lead sectoral climate actions and glean industry best practices, for long-term competitiveness and realization of sustainability targets.

Speaking about Vedanta Aluminium's climate action journey, Mr Rahul Sharma, CEO - Aluminium Business, Vedanta Ltd. said, "The impacts of climate change on companies and communities are far-reaching. Being India's largest producer of aluminium, Vedanta Aluminium aims to be the leader, paving the way for sustainable development of the aluminium industry. Aluminium, with its limitless potential for sustainable applications, will be indispensable to a low carbon future. And therefore, we believe the onus lies on us to mitigate and offset our carbon footprint, to create green value chains and a greener tomorrow. This journey will also see us work with local communities to make them climate resilient."

At Vedanta Aluminium, excellence in ESG (Environmental, Social and Governance) is the bedrock upon which the company evolves its business aspirations. Highlights of the company's climate-action endeavours include:

Reduction in GHG (greenhouse gas) emissions intensity by 24% in FY22, from 2012 baseline, across the business
Reduction in GHG intensity at its largest aluminium smelter in Jharsuguda, Odisha, by 12% in FY22 while increasing production by 20%
Launched first low carbon 'green' aluminium from India, branded Restora
India's largest industrial consumer of renewable energy at 3 Billion Units
Signed Power Delivery Agreement for 380 MW of renewable power supply to aluminium smelters
Commissioned India's largest fleet of lithium-ion battery powered EV forklifts
Ranked 4th in Dow Jones Sustainability Index world rankings for the aluminium industry
Utilising industrial by-products like fly ash, lime grit, etc. in circular avenues such as infrastructure, brick and cement manufacturing, etc.

Vedanta Aluminium, a business of Vedanta Limited, is India's largest producer of aluminium, manufacturing more than half of India's aluminium i.e., 2.26 million tonnes in FY22. It is a leader in value-added aluminium products that find critical applications in core industries. Vedanta Aluminium ranks 4th in the Dow Jones Sustainability Index (DJSI) 2021 world rankings for aluminium industry, a reflection of its sustainable development practices. With its world-class aluminium smelters, alumina refinery and power plants in India, the company fulfils its mission of spurring emerging applications of aluminium as the 'Metal of the Future' for a greener tomorrow.

About Vedanta Limited:

Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world's leading Oil & Gas and Metals company with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, and Aluminium & Power across India, South Africa and Namibia. For two decades, Vedanta has been contributing significantly to nation building. Governance and sustainable development are at the core of Vedanta's strategy, with a strong focus on health, safety, and environment. Vedanta has put in place a comprehensive framework to be the ESG leader in the natural resources sector. Vedanta is committed to reducing carbon emissions to zero by 2050 or sooner and has pledged $5 billion over the next 10 years to accelerate the transition to net zero operations. Giving back is in the DNA of Vedanta, which is focused on enhancing the lives of local communities. The company's flagship social impact program, Nand Ghars, have been set up as model anganwadis focused on eradicating child malnutrition, providing education, healthcare, and empowering women with skill development. Under the aegis of the Anil Agarwal Foundation, the umbrella entity for Vedanta's social initiatives, the Vedanta group has pledged Rs 5000 crore over the next five years on social impact programmes with a thrust on nutrition, women & child development, healthcare, animal welfare, and grass-root level sports. Vedanta and the group companies have been featured in Dow Jones Sustainability Index 2020, and was conferred Frost & Sullivan Sustainability Awards 2020, CII Environmental Best Practices Award 2020, CSR Health Impact Award 2020, CII National Award 2020 for Excellence in Water Management, CII Digital Transformation Award 2020, ICSI National Award 2020 for excellence in Corporate Governance, People First HR Excellence Award 2020, 'Company with Great Managers 2020' by People Business and certified as a Great Place to Work 2021. Vedanta's flagship Nand Ghar Project was identified as best CSR project by Government of Rajasthan. Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange.

About Vedanta Aluminium Business:

Vedanta Aluminium, a business of Vedanta Limited, is India's largest producer of aluminium, manufacturing more than half of India's aluminium at 2.26 million tonnes in FY22. Vedanta is a leader in value-added aluminium products that find critical applications in core industries. With its world-class Aluminium Smelters, Alumina Refinery and Power Plants in India, the company fulfils its mission of spurring emerging applications of aluminium as the 'Metal of the Future' for a greener tomorrow.