Business

Vedanta Aluminium Unveils ‘Accelerating To Net Zero’, Its Sustainable Development Report for FY2022

By
OB Bureau

New Delhi: Vedanta Aluminium, considered India’s largest producer of aluminium, unveiled its Sustainable Development (SD) Report for 2021-22, titled ‘Accelerating to Net Zero’, highlighting its performance across key sectors and progress in climate action endeavours.

The report, unveiled on National Energy Conservation Day, encapsulates the company’s performance in major dimensions of sustainability, such as economic performance, supply chain management, climate change & energy management, air quality & emissions control, water management, biodiversity management, waste to wealth, safety, health, people excellence, community welfare.

Vedanta Aluminium has also launched its maiden report on climate change, titled ‘Road to Net Zero Carbon’, aligned to the Taskforce for Climate-related Financial Disclosures or the TCFD framework. Through the report, the company aims to inform its stakeholders about business-related opportunities, climate management strategies, commitment and performance, in the context of climate change.

Launching the reports, CEO – Aluminium Business, Vedanta Ltd, Rahul Sharma said, “We are pleased to launch the Sustainable Development Report and TCFD Report of Vedanta Aluminium for FY 2021-22, both of which highlight the progress in our climate action endeavours. We are on a mission to align incentives of growth with imperatives for the planet. Our determination to build a Net Zero climate-resilient aluminium business is equally matched by our commitment to improve the quality of lives of those around us, with the knowledge that both are contingent on the environment. And therefore, we have redesigned our ESG (Environmental, Social & Governance) roadmap with 2030 and 2050 milestone targets, with a focus on increasing renewable energy consumption, carbon reduction, water conservation and waste utilisation.”

Highlights of Vedanta Aluminium’s SD and TCFD Reports:

  • Historical highest production of 2.27 million tonnes of aluminium, an increase of 15% from the previous year
  • GHG emission intensity (Scope 1 + Scope 2) reduced from 19.3 tCO2e/MT to 17.6 tCO2e/MT over the same time, which is the lowest amongst primary aluminium producers in India
  • Launched first low carbon ‘green’ aluminium from India, branded Restora
  • India’s largest industrial consumer of renewable energy at 3 BillionUnits
  • Signed Power Delivery Agreement for 380 MW of renewable power supply to our aluminium smelters
  • Reduced GHG emissions intensity by 24% in FY 2022, from 2012 baseline
  • 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
  • Conserved more than 827 million litres of water in the year
  • Partnered with TUV SUD for turning aluminium operations water positive
  • Interlinked climate-related business performance with management remuneration by way of ESG targets to encourage a cultural shift in approach towards sustainability
  • Positively impacted the lives of 0.38 million women & children through impactful social interventions

Vedanta Aluminium, a business of Vedanta Limited, is India’s largest producer of aluminium, manufacturing more than half of India’s aluminium i.e., 2.27 million tonnes in FY22. It is a leader in value-added aluminium products that find critical applications in core industries.

OB Bureau

Recent Posts

Another Stone Falls From Jagannath Temple At Khallikote In Odisha’s Ganjam

Berhampur: A stone weighing 2 kg fell from the ‘Singhadwara Gumuta’ of the Lord Jagannath…

November 14, 2024

Sunita Williams Dismisses Rumours About Weight Loss, Explains Her ‘Sunken Cheeks’

New Delhi: Recent pictures of Space Station Commander Sunita Williams from the International Space Station…

November 14, 2024

Payal Rohatgi Calls Out Rupali Ganguly For Dating A Married Man

Mumbai: Actress Rupali Ganguly recently filed a Rs 50 crore defamation case against her stepdaughter…

November 14, 2024

National Hockey: Odisha To Clash With Manipur In Semifinals

Chennai: Odisha will face Manipur in the semifinals of the 14th Hockey India Senior Men’s…

November 14, 2024

India To Push Canada For Extradition Of Arrested Khalistani Terrorist Arsh Dalla

New Delhi: India will again ask Canada for the extradition of designated Khalistani terrorist Arshdeep Singh…

November 14, 2024

School Dropout From West Bengal Arrested For Practising As Ayurvedic Doctor In Odisha’s Berhampur

Berhampur: Police have arrested a man from West Bengal for allegedly claiming himself to be…

November 14, 2024

Manoj Bajpayee Recalls Staying In ‘Hell’, Experiencing Starvation

Mumbai: Carving a niche for himself in Bollywood was not a cakewalk for ‘The Family…

November 14, 2024

After Disapproving Of Ranveer, Mukesh Khanna Rejects Tiger Shroff For ‘Shakitmaan’

Mumbai: Mukesh Khanna’s Indian superhero series ‘Shaktimaan’ has been making headlines for quite some time…

November 14, 2024