Sustainable Development And Community

Our vision is to be a leading, diversified natural resources company providing superior returns to our shareholders – a journey we have been on for a decade. We will meet our vision by delivering high-quality assets and low-cost operations, with sustainable development at the core of all that we do.

All our activities are informed by our Group Core Purpose & Values:

  • Trust
  • Entrepreneurship
  • Innovation
  • Excellence
  • Integrity
  • Care

Our Strategy

We aim to deliver growth and long-term value while upholding sustainable development through our diversified portfolio of large, long-life and low-cost assets. Our Sustainable Development Model, which comprises the four pillars of Responsible Stewardship, Building Strong Relationships, Adding and Sharing Value and Strategic Communications provides us with a robust structure for driving our future growth, advancing our business outcomes and offering significant benefits to the communities that host our operations.

Sustainable Development Model

Our Approach Graph

Responsible Stewardship

Responsible Stewardship means ensuring we have effective and appropriate business processes, including robust compliance and risk management, protecting the health and safety of our employees and responsibly managing our environmental and social impacts.

Building Strong Relationship

Building Strong Relationships captures our engagement with the people and organisations that are interested in our business. Doing this effectively can lead to the identification of new areas where we can find and unlock additional value as well as equipping us to foresee and appropriately manage challenges.

Adding and Sharing Value

Adding and Sharing Value encapsulates the direct and indirect positive economic impact we make, by investing in people through employment, building infrastructure, developing technology and the payment of taxes, royalties and other payments to local, state and national governments. Additionally, it captures the value we offer by turning the knowledge and ideas sourced through engagement with our stakeholders into specific projects, including collaborating with governments and NGOs to bring value to the communities that host our operations.

Strategic Communications

The Strategic Communication pillar interlocks with the other three pillars of our model, and is the guiding principle which enables the organisation to engage with our stakeholders in a transparent dialogue. This pillar is the vital element of sustainable development, in implementing and strengthening our 'license to operate' efforts. This pillar further reflects our commitment to becoming a more transparent and responsible corporate citizen.

Our four pillars guide our stakeholder engagement and help us to build trusted relationships. As a consequence of these engagements and to respond to stakeholders’ areas of interest we developed our Sustainable Development Framework. The Framework comprises policies, technical standards, management standards and guidance notes across the pillars to establish clear standards, set targets for improving performance and maximise value to our stakeholders.

Since introducing our Sustainable Development Model and supporting Sustainable Development Framework in 2011-12, we have implemented our policies, standards and processes across the Group.

Vedanta Sustainable Development Framework

  • HSE Policy
  • Biodiversity
  • Water Management Policy
  • Energy and Carbon Management Policy
Technical Standards
  • Health Management
  • Safety Management
  • Environmental Management
  • Conducting ESIA to International Standards including EMPs
  • Waste Management
  • Biodiversity Management (EMPs)
  • Water Management
  • Energy and Carbon Management
  • Land and Resettlement Management
  • Security Management
  • Emergency and Crisis Management
  • Transport and Logistics Management
  • HIV/Aids policy
Technical Standards
  • HIV/Aids Management
  • Site Closure
  • Employee Consultation & Participation
  • Stakeholder Engagement
  • Social Investment Management
  • Grievance Mechanisms
  • Supplier and Contractor Management Policy
  • Human Rights Policy
Technical Standards
  • Cultural Heritage
  • Supplier and Contractor Management
  • Employee Consultation and Participation
  • Stakeholder Engagement
  • Social Investment Management
  • Grievance Mechanisms
  • Indigenous Peoples and Vulnerable Tribal Groups
Global Management Processes
  • New Projects, Planning Processes and Site Closure
  • Stakeholder Materiality and Risk Management
  • Performance Monitoring, Data Management and Reporting
  • Incident Reporting and Investigation
  • Management of Change
  • Documentation and Records Management
  • Corrective & Preventative Action Management
  • Auditing and Assurance
  • Acquisitions, Divestment and Joint Venture Due Diligence
Policy Management Standards
  • Compliance and Other Requirements
  • Leadership Responsibility and Resources
  • Objectives, Targets and Performance Improvement
  • Competency, Training and Awareness
  • Management Review and Continual Improvement

We have a clear structure for managing and implementing our Sustainable Development Framework from the Sustainabiltiy Committee to our subsidiary businesses.

Sustainability is driven through all levels of the Group, from Board endorsement at committee level (including the Sustainability Committee) to operational review and target setting through at our Segment Business Committees and as part of the regular training and instruction conducted on site at our subsidiary businesses' operations.

We have clear lines of responsibility to ensure that business performance – including meeting our sustainability goals is vigorously reviewed, with mechanisms in place to promote shared learning across the Group, facilitating performance improvements

Group Sustainable Development policies and guidance documentation are available to all employees through the corporate website, on individual company portals and through awareness training sessions.

The Vedanta Board is responsible for all aspects of sustainability across the Group and acts through the Sustainability Committee. The Committee is chaired by Ms Katya Zotova - Non-Executive Independent Director, and comprises Mr Srinivasan Venkatakrishnan - CEO Vedanta Limited, Mr Ravi Rajagopal - Non-Executive Independent Director, Ms Deshnee Naidoo - CEO Vedanta Zinc International, and Mr Sunil Duggal – CEO Hindustan Zinc. All subsidiary company CEO's have a permanent invitation to attend and participate in the meetings. Mr Phillip Turner (Head - Group HSE & Sustainability) acts as a secretary for the committee. The Committee oversees and reviews sustainability performance and the Committee Chairperson regularly updates the Board on its progress.

The Sustainability Committee’s mandate includes:

  • Outlining initiatives required to institutionalize a sustainability culture through involvement of employees at all levels of the business.
  • Reviewing, and reporting to the Board, the performance of the Group and its subsidiary businesses with respect to the implementation of the Sustainability Framework, and the effective assessment and management of sustainability and reputational risks.
  • Reviewing targets for sustainability performance and reporting to the Board with respect to their appropriateness, and assessing progress towards achieving those targets.
  • Approving the Vedanta Sustainable Development Report.

Details of the issues considered by the Committee are available in both our Annual Report and Sustainable Development Reports.

The Executive Committee supports the Board and oversees the implementation of the Group strategic initiatives set by the Board. The Committee is chaired by the CEO (Vedanta). and comprises senior management including Group CFO, Business CEOs and CFO etc. Apart from the business goals and performance, the Committee reviews the sustainability practices including the safety, environment and community relations aspects on a periodic basis.

The Committee also reviews the VSAP findings and each company performance on the VSAP assurance process.

Each of the subsidiary businesses has developed its own corporate mechanisms, such as health and safety, and social committees to deliver on its targets and to drive sustainability across its operations. Performance indicators were developed in accordance with the risks associated with each business' operations, and guidance documents are provided by the Group to aid business implementation plans.

All on-site operations have a designated health and safety committee, which is comprised of management, HSE personnel and union representatives, where appropriate, covering the full workforce at the site.

Maintaining meaningful stakeholder engagement has multiple benefits for business, allowing for future planning, deepening understanding of political, social, economic and environmental contexts, and ultimately improving efficiencies and driving profitability.

In order to understand the distinct requirements of our various stakeholders, the business has identified seven groups as having significant interest in our operations.

We consider material issues to be those deemed important to our stakeholders and to the sustainable operation of our business. These also include significant risks that could result in reputational damage, litigation or statutory penalties.

We have detailed the materiality exercise we undertook to identify our material issues in the Materiality section of our Sustainable Development Report 2014-15. It includes formal interviews with representatives of our stakeholder groups, surveys, and senior management discussions, as well as the ongoing engagement conducted by our Investor Relations, Human Resources, Commercial and other corporate teams, which we discuss in the Building Strong Relationships section. This exercise informed our sustainability objectives and targets which we discuss in more detail in our report.

Below we have made available the policies and HSE Charter which underpin our Sustainable Development Framework, which is described in more detail in the ‘Our approach’ section of our website.

Our Sustainable Development policies, HSE Charter and Code of Business Conduct and Ethics are available to download by clicking on the links below.

For internal documents, such as our technical and management standards or guidance notes, our employees and contractors can access these via group companies intranet portal.