Vedanta included in ‘The Sustainability Yearbook 2021’
The Sustainability Yearbook By S&P Global is one of the world's most comprehensive publications
Chandigarh: In an endorsement towards strong commitment to environment, social and corporate governance (ESG) practices, Vedanta Limited has been included in ‘The Sustainability Yearbook 2021’ by S&P Global under two categories; SAM Industry Movers and Sustainability Yearbook Member. Vedanta’s subsidiary Hindustan Zinc has also found a place in this year’s edition.
The Sustainability Yearbook By S&P Global is one of the world's most comprehensive publications that provides in-depth analysis on corporate responsibility. The Sustainability Yearbook considered over 7000 companies from 61 different industries this year, and Vedanta and Hindustan Zinc were ranked among 630 sustainability leaders who were selected after a rigorous process of assessments and ratings based on S&P Global ESG Scores.
Meanwhile, in line with Vedanta’s goal of greater environmental transparency and action, the company’s CDP score has improved from C to B-. During the past one year, the company’s CDP score has improved from D to B-. CDP uses the scoring methodologies to incentivize companies to measure and manage environmental impacts through participation in CDP’s climate change, forests, and water security questionnaires.
Vedanta is aligned with the recommendations made by the Task Force on Climate-related Financial Disclosures (TCFD) and is collaborating with the TCFD to develop good practices and standards for transparency. The target is to reduce 20% emission intensity by 2025 from our baseline year of 2012 through innovative technological solutions.
Vedanta Group CEO and Chief Safety Officer Sunil Duggal said: “Vedanta has an ambitious vision of `Zero Harm, Zero Waste and Zero Discharge’ across all its operations. We are currently on the journey towards achieving the vision through steps in asset optimization, industrial symbiosis, improved community relations and strategic Carbon agenda. Our practices within operations are aligned to SDG-12 on sustainable consumption and production. We are committed to doing business in the most sustainable way and it is wonderful that our efforts are being recognised globally.”