On World Environment Health Day, Vedanta Aluminium renews pledge on sustainable environment stewardship

2024-05-01 04:01:11 Environment

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New Delhi; 26 September 2023: On the occasion of World Environment Health Day, Vedanta Aluminium, the largest aluminium producer in India, reaffirms its commitment to fostering sustainable ecosystems within the vicinity of its operations through comprehensive initiatives focused on environmental preservation, conservation and augmentation. Through these, Vedanta Aluminium is on a mission to create an ecologically promising future for existing and coming generations.

Towards these efforts, the company has adopted a two-fold strategy of mitigating and offsetting its carbon footprint to consistently ensure sustainable operations. In terms of mitigation, Vedanta is focused on enhancing its manufacturing excellence to ensure higher energy efficiencies, increasing the quantum of renewables in its energy mix, and transitioning to low-carbon energy sources such as biofuels. To offset its carbon footprint, the company is also creating substantial carbon sinks through extensive afforestation efforts in the vicinity of its operations in Odisha and Chhattisgarh. Strategic endeavours of the company towards this goal have earned it rank 2 in the S&P Dow Jones Sustainability Index world rankings for the aluminium industry in FY22, making it the second most sustainable aluminium producer in the world today.

The approach of 'Planet First' also extends to the company's product development and innovation. Vedanta Aluminium is the producer of India's first-ever low carbon aluminium range, 'Restora,' that contributes towards meeting the increasing global demand for eco-friendly materials. The company has also inaugurated a Material Recovery Facility that makes sustainable use of waste material and contributes to the creation of a circular economy, embraced digital technologies such as Industrial Internet of Things (IIoT)-based technology to reduce emissions. Furthermore, Vedanta Aluminium has deployed the largest fleets of lithium-ion battery-powered electric forklifts in India, demonstrating its commitment to sustainability across the production chain.

In step with these measures, Vedanta Aluminium has made substantial contributions to responsible water management, recycling an impressive 13.69 billion litres of water in FY23. It also achieved a remarkable 24% reduction in GHG emissions intensity in FY 2022 compared to a 2012 baseline The company has undertaken a strategic partnership with ERM India, a renowned environmental consulting firm, to enhance its Biodiversity Management Plan (BMP) across its areas of operations, further underlining its dedication to environmental stewardship.

On the occasion of World Environment Health Day, Mr Sunil Gupta, COO, Vedanta Ltd ? Aluminium Business, said, "At Vedanta Aluminium, our initiatives go beyond just improving the environment; they encompass a definitive vision for a sustainable future. As the world accelerates toward clean energy, the demand for sustainable aluminium products is surging, and we are poised to play a pivotal role in this transition. On the occasion of World Environment Health Day, we are committed to a healthy environment for future generations."

Further establishing its strong commitment to sustainability, Vedanta Aluminium has received the Aluminium Stewardship Initiative (ASI) international certification for its Jharsuguda operations, a resounding global indicator of its high standards. Additionally, the company's extensive range of products have been verified as environmentally sustainable by Environmental Product Declaration (EPD) International, a strong international marker of their environmental practices.

Vedanta Aluminium goes beyond environmental sustainability, actively engaging with and empowering communities through various initiatives. These include an extensive afforestation drive through the Miyawaki method of plantation, restoration of over 40 community water bodies in FY23 that are important sources of local sustenance, and the "Jeevika Samriddhi" project, which promotes sustainable farming practices. Moreover, employee volunteers have contributed to clean up drives within city limits and also at biodiversity hotspots such as the Singhabaga wetlands in Jharsuguda, Odisha.

Vedanta Aluminium, a business of Vedanta Limited, is India's largest producer of aluminium, manufacturing more than half of India's aluminium i.e., 2.29 million tonnes in FY23. It is a leader in value-added aluminium products that find critical applications in core industries. Vedanta Aluminium ranks 2nd in the Dow Jones Sustainability Index (DJSI) 2022 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 Aluminium Business:

Vedanta Aluminium, a business of Vedanta Limited, is India's largest producer of aluminium, manufacturing more than half of India's aluminium i.e., 2.29 million tonnes in FY23. It is a leader in value-added aluminium products that find critical applications in core industries. Vedanta Aluminium ranks 2nd in the Dow Jones Sustainability Index (DJSI) 2022 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, and was conferred Frost & Sullivan Sustainability Awards 2020, Golden Peacock Award for excellence in Corporate Governance 2022 and certified as a Great Place to Work 2022. Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange. For m