Vedanta

Overview

Vedanta at a Glance

Triple Bottom Line Highlights

From the Chairman's Desk

CEO's Statement

The Global Context

Our Strategy & Approach

ROADMAP & PROGRESS

Targets lend us speed, direction and focus to touch base with our sustainable development priorities more efficiently. Our roadmap sets challenging annual targets on issues material to us and our stakeholders. The roadmap is reviewed every year with a view to understand our triple bottom line performance and lacunae, and appropriately alter both our actions and targets to advance on our sustainable development journey.

Objectives & Targets
FY 2015-16

Status

Performance
FY 2015-16

Objectives & Targets
FY 2016-17

OCCUPATIONAL HEALTH & SAFETY

Achieve zero fatal accidents

12 fatalities (8 in India and
4 in Africa)

Achieve zero fatal accidents

Re-establish LTIFR base performance as per the recently released ICMM reporting guidelines and enable future reduction in LTIFR targets

All businesses updated their safety KPI definitions as per ICMM reporting guidelines

Focus on eliminating fatalities and reducing High Potential Incidents

Implement Safety Performance Standards: >75% of critical elements in the standards to be implemented across the business

All businesses are implementing the safety performance standards wherein audits were initiated this year. The average score was 51% with significant improvements shown later in the year

Implement Safety Performance Standards: >75% of critical elements in the standards to be implemented across the business

Implement Safety Interactions at two businesses in addition to HZL

Safety Interaction was included as a part of Leadership Safety Programme i.e. Managing Better Risk Decision (MBRD) which was piloted at Jharsuguda and Sterlite Copper businesses

Rolling out of Leadership Safety Programme i.e. Managing Better Risk Decision in other businesses

Understanding Occupational Health Risks - Performing a baseline assessment across the aluminium businesses

Baseline assessment exercise has been started at Vedanta Ltd. - Aluminium operation

Performing baseline assessments for two other businesses

ENVIRONMENT

Water Savings - 2.39 mn m3

All businesses implemented their water resource management plan and flagged off initiatives which have led to a water saving of 7.16 mn m3

Achieve zero fatal accidents

Energy Savings - 0.88 mn GJ

Internal benchmarking and technological process intervention led to energy savings of 0.94 mn GJ

Energy Saving: 1.5 mn GJ

Report on Scope 3 Emission by 2016

Scope 3 data for Business Travel, Employee Commute, Inbound Logistics and Outbound Logistics is being tracked on a periodic basis.

We are working on improving data reliability and robustness

Scope 3 emissions account for a minuscule share in our carbon emissions mix, hence it is not material for a 2016 target

Continue to monitor new projects and site closure as per the sustainability framework

All projects, Vedanta Ltd.- Lanjigarh and HZL-expansion of SK mine, Rampura Agucha & Zawar mine, are being managed as per Vedanta Sustainability Framework guidelines

Continue to monitor new projects and site closure as per the sustainability framework

By 2016, all sites to have Biodiversity Management Plans (BMPs) in place

We have made a considerable progress in this regard. All our operations now have a formal BMP in place except Cairn India, KCM and Sesa Iron Ore, where work is in progress

Implementation of BMPs

Exploring opportunities and areas to increase the fly ash utilisation rate

Fly ash recycling rate has improved to 47% from 31% last year. The Businesses have recycled the fly ash inventory in applications like road making, cement and brick making

To continue exploring opportunities and areas to increase the fly ash utilisation rate

GHG Emissions

To realign the Group's Energy &
Carbon Policy in line with COP 21
outcomes

Biodiversity

Capacity building (selected
professionals) on Biodiversity
Management including
ecosystem services

Management of Tailings and Water Storage Facilities

Preliminary Risk Assessment (internal) completed across the Group

Independent expert to review
the high priority facilities

COMMUNITY RELATION & STAKEHOLDER ENGAGEMENT

HUMAN RESOURCES

To include 1,000 eligible employees for the Technical Assessment

As part of Technical ACT UP initiative, assessment of 937 eligible employees completed

Institutionalising Technical ACT UP process across Vedanta Group Companies

Plan Phase II for covering next 50 high potential stars for the intensive programme grooming next generation talent for leadership role

Fly ash recycling rate has improved to 47% from 31% last year. The Businesses have recycled the fly ash inventory in applications like road making, cement and brick making

Identification of high potential employees across professional population and grooming of next generation talent

Focus on performance and measurement for top 150 leaders

Continue to focus on the same diversity objective of 15% women hiring

More than 15% of female professionals joined Vedanta

Continue to focus on the
same diversity objective of
15% women hiring

25% women representation at the Vedanta Board Level by 2016 (all appointments to be made on merit)

In this regard, although we have not met our target for women directors, we continue to build on diversity in leadership roles and have made a number of senior female appointments during the year

33% women representation
at the Vedanta Board Level
by 2020

Not achieved

In Progress / Partially achieved

Achieved

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