+
Vedanta Aluminium recognised by S&P Global CSA
ECONOMY & POLICY

Vedanta Aluminium recognised by S&P Global CSA

Vedanta Aluminium, India?s largest producer of aluminium, announces securing the top rank in the esteemed S&P Corporate Sustainability Assessment (CSA) rankings for the aluminium industry, for the assessment period 2023. This definitive benchmark reiterates Vedanta Aluminium?s position as the world's most sustainable aluminium producer, outperforming its global peers on Environment, Social and Governance (ESG) practices.

The S&P Global Corporate Sustainability Assessment (CSA) is an annual evaluation of companies? sustainability practices. It covers over 10,000 companies from around the world. The CSA focuses on sustainability criteria that are both industry-specific and financially material, and is considered the premier external sustainability assessment by leading companies. Previously, Vedanta Aluminium held the 2nd rank among aluminium industries globally as per the 2022 assessment. Over the past year, the company achieved a substantial increase across all assessed areas, namely, Environment, Social and Governance performance. This has culminated in an increase in its overall CSA assessment score, enabling the company to secure the top rank in 2023.

Leading companies across various industries undergo annual evaluations of their sustainability practices. Vedanta Aluminium scored high on the assessed criteria, especially on biodiversity, occupational health & safety, social impact, human rights, talent planning and water management practices.

Aluminium is playing an increasingly significant role in enabling sustainable applications and aiding entire economies in decarbonising their value chains and enabling the global energy transition. Vedanta Aluminium has committed to achieve Net Zero by 2050, adopting a two-fold strategy of reducing and offsetting its carbon footprint. In terms of reduction, the company is focused on increasing the quantum of renewables in its energy mix, enhancing its manufacturing excellence to ensure higher operational efficiencies, and transitioning to low-carbon energy sources such as biofuels. To offset its residual carbon footprint, the company is also creating substantial carbon sinks through extensive afforestation efforts. Through its operations, the company is enabling wider global access to responsibly produced, high-quality aluminium to ensure a greener future for the planet.

Speaking on the achievement, John Slaven, CEO, Vedanta Aluminium said, "We have embarked on a transformative journey where our commitment to sustainability goes beyond business compliance to focusing on how we can make a positive impact on the environment. Securing the top rank in the S&P Global CSA recognises our commitment to fully embed sustainability practices across every facet of our value chain, from sourcing to product delivery. We are prioritizing higher resource efficiencies, greater use of renewables in our energy mix, ?converting waste into wealth? while also ensuring the safety and well-being of our employees and forging enduring partnerships with our communities for inclusive development. Through these efforts, Vedanta Aluminium is crafting a legacy of environmental stewardship, paving the way for a more sustainable future.?

Vedanta Aluminium, India?s largest producer of aluminium, announces securing the top rank in the esteemed S&P Corporate Sustainability Assessment (CSA) rankings for the aluminium industry, for the assessment period 2023. This definitive benchmark reiterates Vedanta Aluminium?s position as the world's most sustainable aluminium producer, outperforming its global peers on Environment, Social and Governance (ESG) practices. The S&P Global Corporate Sustainability Assessment (CSA) is an annual evaluation of companies? sustainability practices. It covers over 10,000 companies from around the world. The CSA focuses on sustainability criteria that are both industry-specific and financially material, and is considered the premier external sustainability assessment by leading companies. Previously, Vedanta Aluminium held the 2nd rank among aluminium industries globally as per the 2022 assessment. Over the past year, the company achieved a substantial increase across all assessed areas, namely, Environment, Social and Governance performance. This has culminated in an increase in its overall CSA assessment score, enabling the company to secure the top rank in 2023. Leading companies across various industries undergo annual evaluations of their sustainability practices. Vedanta Aluminium scored high on the assessed criteria, especially on biodiversity, occupational health & safety, social impact, human rights, talent planning and water management practices. Aluminium is playing an increasingly significant role in enabling sustainable applications and aiding entire economies in decarbonising their value chains and enabling the global energy transition. Vedanta Aluminium has committed to achieve Net Zero by 2050, adopting a two-fold strategy of reducing and offsetting its carbon footprint. In terms of reduction, the company is focused on increasing the quantum of renewables in its energy mix, enhancing its manufacturing excellence to ensure higher operational efficiencies, and transitioning to low-carbon energy sources such as biofuels. To offset its residual carbon footprint, the company is also creating substantial carbon sinks through extensive afforestation efforts. Through its operations, the company is enabling wider global access to responsibly produced, high-quality aluminium to ensure a greener future for the planet. Speaking on the achievement, John Slaven, CEO, Vedanta Aluminium said, We have embarked on a transformative journey where our commitment to sustainability goes beyond business compliance to focusing on how we can make a positive impact on the environment. Securing the top rank in the S&P Global CSA recognises our commitment to fully embed sustainability practices across every facet of our value chain, from sourcing to product delivery. We are prioritizing higher resource efficiencies, greater use of renewables in our energy mix, ?converting waste into wealth? while also ensuring the safety and well-being of our employees and forging enduring partnerships with our communities for inclusive development. Through these efforts, Vedanta Aluminium is crafting a legacy of environmental stewardship, paving the way for a more sustainable future.?

Next Story
Infrastructure Transport

Kavach 4.0 Commissioned on Delhi–Mumbai and Delhi–Howrah

"Kavach version four has been commissioned on 1,452 route km, covering the high density Delhi–Mumbai and Delhi–Howrah corridors. The rollout included laying 8,570 km of optical fibre, installation of 1,100 telecom towers, deployment of trackside equipment over 6,776 RKm and establishment of 767 station data centres. Trackside implementation has been taken up on 24,427 RKm covering Golden Quadrilateral, Golden Diagonal and High Density Network sections. The programme aims to strengthen signalling and train protection on key routes.Kavach is an indigenously developed automatic train protecti..

Next Story
Infrastructure Transport

Railways Advance Kalyan–Murbad Line And Mumbai Capacity Expansion

"Indian Railways is advancing multiple rail infrastructure projects in Maharashtra, including the sanctioned Kalyan–Murbad new line and sizable investments under the Mumbai Urban Transport Project and the Mumbai–Ahmedabad High Speed Rail project. The Kalyan–Murbad 28 km new line has been sanctioned at Rs 8.36 billion (bn) on a 50:50 cost-sharing basis with the Government of Maharashtra and has been declared a Special Railway Project for land acquisition; proposals covering 214 hectares are at various stages of acquisition. Budgetary outlay for projects falling fully or partly in Maharash..

Next Story
Infrastructure Urban

Parliamentary Panel Flags Funding Gaps in Heavy Industries

"The Department-Related Parliamentary Standing Committee on Industry (Rajya Sabha) presented its 332nd report on the Demands for Grants 2026-27 of the Ministry of Heavy Industries (MHI). Figures converted from crore and lakh are expressed in million (mn). The Budget Estimates 2026-27 for the Ministry stand at Rs 79,399 mn against a projected requirement of Rs 94,843.2 mn, a shortfall of about 16 per cent, with revenue at Rs 79,370.8 mn and capital compressed to Rs 28.2 mn from Rs 5,020 mn.The committee flagged recurring BE-to-RE compression and declining revised estimate utilisation, and calle..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement