Vedanta earned the distinction of being India’s only diversified natural resources company with a global footprint that published its Sustainable Development Report 2014-15 as per the new Global Reporting norms (GRI G4). The Report is awarded the ‘Best Sustainability Report’ by the World CSR Congress at the National Awards for Excellence in CSR & Sustainability 2015. This 7th Sustainability Development Report is aligned and reports to United Nations Global Compact (UNGC) as well as the Millennium Development Goals (MDG).
Vedanta’s report is one of 16 Sustainability Reports – FY 2014 – 2015, of Indian companies across sectors, in compliance with the GRI G4 framework, as reported in the GRI database http://database.globalreporting.org/search. The Sustainable Development Report 2014-15 has been independently assessed by DNV-GL Business Assurance India Pvt. Ltd. An independent moderate level of assurance engagement has been conducted in accordance with the ‘Core Reporting Requirements’ of the GRI G4 sustainability reporting guidelines.
“Vedanta is one of the few pioneering companies who have successfully adopted the GRI-G4 framework to transparently communicate to their stakeholders. The CII-ITC Centre of Excellence for Sustainable Development has been involved with capacity building of several units of Vedanta since 2012,” said Seema Arora, Executive Director, CII-ITC Centre of Excellence for Sustainable Development.
“Having assisted the company in implementing its Sustainability Management Framework, we are delighted to see that capacity building has now led to Vedanta successfully reporting their initiatives using the international GRI-G4 guidelines,” she said
The report is based on the key material aspects for Vedanta, including the Mining and Metal, Oil and Gas supplements. “We repeated last year’s materiality review to understand if stakeholder priorities had changed and the outcomes of the review have been identified as highest priority issues. These key priority areas which we will continue to focus, are working towards a zero harm organization, strengthening our social license to operate and our commitment for community development,” said Roma Balwani, President, Group Sustainability, CSR & Communications, Vedanta.
The Sustainability Report along with the company’s Annual Report, provides an overview of the approach and achievements of Vedanta’s CSR and sustainability initiatives across the world. Themed ‘Commit, Connect, Care’, the report highlights the company’s drive to empower communities, eliminate poverty and facilitate broad-based socio-economic development.