Vedanta Aluminium has 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, a press release from Vedanta said.
Additionally, the company unveiled its Sustainable Development (SD) Report for FY22, titled ‘Accelerating to Net Zero’, on National Energy Conservation Day.
The report encapsulates the company’s performance across key 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 & wellbeing, people excellence, community welfare, etc.
The SD report stated that the company has seen the highest historical production of 2.27 million tonne of aluminium, an increase of 15% from the previous year. Besides, it has also signed Power Delivery Agreement for 380 MW of renewable power supply to our aluminium smelters.
During the year, Vedanta saw a reduction in GHG emissions intensity by 24% in FY 2022 from the 2012 baseline, while it also commissioned India’s largest fleet of lithium-ion battery-powered EV forklifts.
Interestingly, the report suggested that the company has conserved more than 827 million litres of water in the year.
Rahul Sharma, CEO, Aluminium Business, Vedanta, said, “We are pleased to launch the Sustainable Development Report and TCFD Report of Vedanta Aluminium for FY22, both of which highlight the progress in our climate action endeavours.”
The company is on a mission to align incentives of growth with imperatives for the planet, he added, continuing that the determination to build a Net Zero climate-resilient aluminium business is equally matched by the commitment to improve the quality of lives of those around, 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,” Sharma added.
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