Product details

Vedanta Limited (VL), a subsidiary unit of Vedanta Resources Limited (VRL), was recognized as India's most significant natural resources conglomerate. The company had established its business dominance through operations in Oil & Gas (O&G), zinc, lead, silver, copper, steel, iron ore, and aluminum and power segments across India, South Africa, and Namibia. Apart from emphasizing business growth, VL committed to implementing several sustainability management practices. So, in 2011-12, VL rolled out the business 'Sustainable Development Framework'. VL's sustainability-focused vision was based on three pillars - transforming communities, the planet, and the workforce. VL envisaged achieving 'Zero Harm, Zero Waste, Zero Discharge, within these three pillars. VL, under its three circular economic business practices, aimed - Net Carbon Neutrality by 2050, Achieving Net Water Positivity by 2030, and Innovations for Green Business Model. Moreover, VL had also adopted the stakeholders' model into its operations to enhance stakeholder engagement processes. But, amidst these sustainable initiatives, on the other hand, VL had been facing a business challenge for its Sterlite Copper refinery plant due to environmental pollution issues. The company was accused of polluting the environment, and the factory was closed various times over the years. Amid this scenario, would VL achieve carbon neutrality under its sustainability framework?