Vedanta Aluminum launches its first report
New Delhi [India], June 8 (ANI / BusinessWire India): Vedanta Aluminum and Power Business, India’s largest producer of aluminum and its value-added products, today released its first sustainability report.
The report summarizes the performance of the company through key sustainability parameters such as energy management, water management, biodiversity management, air quality, health security, l ‘social impact and governance, etc. for the performance period of fiscal year 2019-2020.
The sustainability report was launched on World Environment Day and can be viewed on the company’s website. To mark the occasion, Mr. Rahul Sharma interacted with more than 100 students and faculty at IIM Sambalpur in Odisha, where the company operates its largest aluminum complex. and alumina refinery, during a “Campus Connect” virtual session. The theme was “Sustainability in Business Operations and the Gateway to Good and Good”. Mr. Rahul Sharma presented the sustainability report to Prof. MP Jaiswal, Director of IIM Sambalpur at the end of the event.
Launch of the sustainability report for the company, Rahul Sharma, Dy. Aluminum Business CEO, Vedanta Ltd said: “At Vedanta, good governance and sustainability are the two pillars that drive our business aspirations, leveraging best technologies, global best practices and our talented human capital. Our efforts are focused on creating sustainable value in economic, environmental and social dimensions, such as improving the lives and livelihoods of our stakeholders and local communities, ensuring sustainable improvement in ESG performance ( environment, social and governance) .With the Vedanta Group is committed to progressing towards carbon neutrality, we are determined in our approach to ensure responsible business growth that creates shared value for our country, our customers and our communities. ”Prepared in accordance with the Global Reporting Initiative (GRI) standards, the report describes Vedanta AluminumPower’s approach to sustainable and responsible development aligned with the United Nations Global Compact (UNGC) Principles and United Nations Sustainable Development Principles Development Goals (UN-SDGs). Key report highlights include: Operational Excellence Parameters for Aluminum Production Vedanta Aluminum has generated and distributed an economic value of $ 4.8 billion Over $ 14 million spent on community investments through social interventions in the development of livelihoods and skills, empowerment of women, quality education, health and sanitation, etc. improvement of the lives of 3 lakh people from local communities Recycling and reuse of wastewater generated in factories, leading to a reduction of 3.6 million m3 in fresh water consumption compared to the previous year Aluminum smelter de Vedanta in Jharsuguda is the first in India and the third in the world to deploy Digital Foundry Solution. It uses digital twin technology, predictive and prescriptive analytics to improve energy efficiency, reduce raw material consumption and stop material wastage through a remote advisory system.
10.5 million units of renewable energy have been purchased by the company for consumption “Carbon Forum” created at group level to work proactively on the company’s approach to reducing carbon emissions.
In partnership with Runaya LLC for 100% use of dross, a by-product of aluminum smelting, resulting in zero waste.
Over 100% use of fly ash for various purposes including cement making, brick making and backfilling mine voids etc.
Rehabilitation of the depleted areas of the Mainpat and Bodai Daldali bauxite mines in Chhattisgarh with the planting of 2 million young trees and the creation of water recharge structures With 12% of professional women, Vedanta Aluminum has one of the lowest gender diversity ratios. highest in the metallurgical and mining sector in India.
Since the COVID outbreak, Vedanta Aluminum has supported local communities, district governments, state governments, central government with grocery supplies, PPE, medical equipment, oxygen, a contribution financial and many other requirements based on need.
Overall, the Vedanta AluminumPower business contributed almost 1% of India’s GDP, thanks to the induced impact of its entire value chain, as reported by the Institute of Competitiveness ( IFC). Aligned with Vedanta Limited’s commitment to move towards carbon neutrality, Vedanta Aluminum has led initiatives under the three key pillars of employee health and safety, climate change and environmental management, and community and social performance for 2021 and beyond.
Speaking at the launch, Prof. MP Jaiswal said: “We are delighted to be part of the momentous occasion where Vedanta Aluminum launched its very first sustainability report. Industries have a vital role to play in building a greener future, and the report bears witness to this. to Vedanta’s commitment and sustainable development efforts for a better future. The report’s teachings will help our students develop essential knowledge and understanding of sustainability and its key facets, in a business context. sustainability and environmental objectives, to ensure responsible and equitable development. “Vedanta AluminumPower Business, a division of Vedanta Limited, is India’s largest aluminum producer, with an annual capacity of approximately 2.2 million tonnes per year (MTPA). Vedanta is a product leader in value-added aluminum that find critical applications in basic industries.With its world-class smelters, power plants and alumina refinery located across India, the company is fulfilling its mission of stimulating emerging applications of aluminum as the “Metal of the future” for a greener future.
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