Shri Jairambhai Patel Institute of Business Management

and Computer Applications

Academic year: 1st Year(2021-2022)

Batch:2021-2023

BECG Courcework-2
Name of Company: Vedanta limited

Class: A
Group No: 4

Submitted By: Parth Belani

Roll.no Enrolment No Name
A-04 Parth Belani
A-05 Vastav Prajapati
A-66 Deven Koriya
A-70 Jigar Pandya
A-38 Kruti Patel ( Group
Leader)

Submitted to
Dr. Heena Thanki
Assistant professor
INTRODUCTION OF THE COMPANY
 Type Public
Mining,
Industry
Oil and Gas, Electric Utility
Founded 1979
Headquarters Mumbai, India
Anil Agarwal
(Non-Executive Chairman)
Key People
Sunil Duggal
(Interim CEO)
Products Zinc, Crude Oil, Iron, Ore, Steel, Aluminum, Copper, Electric power

Traded as NSE: VEDL, BSE: VEDL, NYSE: VEDL

Parent Vedanta Resources

Bharat Aluminum Company

Lanjigarh Alumina Refinery
Hindustan Zinc
Sterlite Copper
Cairn India
Subsidiaries
ESL Steels
Talwandi Sabo Power Limited
Sesa Goa Iron Ore
Gamsberg
Black Mountain Mining
Skorpion Zinc
Number of 76,752 (2019)
employees
DISCUSSION:
 CSR ACTIVITIES AT VEDANTA LIMITED

VEDL CSR PHILOSOPHY

 They can positively impact and contribute to the realization of integrated and inclusive
development of the country, in partnership with National Government, and other local,
national and international partners;
 Sustainable development of their businesses is dependent on sustainable, long lasting
and mutually beneficial relationships with their stakeholders, especially the
communities they work with
 Their employees have the potential to contribute not just to their business, but also
towards building strong communities.

 THEMATIC FOCUS AREASWE

 Children's Well-being & Education
 Women's Empowerment
 Health Care
 Drinking Water & Sanitation
 Agriculture & Animal Husbandry
 Development of Community Infrastructure

EDUCATION
 Yuva Pragati Kendra and Tamira Muthukal - Skill Development of youth
 Farm based interventions; Household kitchen gardens
 Animal husbandry

HELTHCARE
 Vedanta Hospital
 Mobile Health Units
 Community Medical Centre
 Specialised Health Camps

 WOMENS EMPOWERMENT
  Sakhi - Women's Empowerment
 Subhalaxmi Cooperative - Livelihoods for Women

CSR VISION
Empowering communities, transforming lives and facilitating nation building through
sustainable and inclusive growth.

CSR BUDGET SPENT

322.70 CR
The expenditure focused on integrated development, which impacted the overall socio-
economic growth and empowerment of people, in line with baseline and need assessment, the
national development agendas.
TOTAL BENEFICIARIES 4.23 CR

Vedanta is committed to conduct its business in a socially responsible, ethical and environment
friendly manner and to continuously work towards improving quality of life of the communities
in and around its operational areas.

VEDANTA INITIATIVES DURING COVID-19 PANDEMIC

15 Lakh Beneficiaries across 10 states

4.58 Lakh Masks distributed

1.03 lakh Soaps and sanitisers distributed

11.46 lakh Meals for daily wagers

12.70 Lakh Units of food for stray animals

Vedanta committed Rs 201 crores in the battle against Covid-19, which included Rs 101 crores
donation to PM-CARES Fund and an additional Rs 100 crores corpus for supporting
communities, daily wage workers, preventive healthcare and welfare of employees.

PROJECT NAND GHAR

Vedanta is implementing its flagship CSR initiative, Project Nand Ghar, in partnership with
Ministry of Women and Child Development. Under this project, construction and upgradation
of model Anganwadis is being done across various states in India. The Vedanta Group has
signed a MoU with the ministry for developing 4000 modern Anganwadis (christened as Nand
Ghars) in the country
Skill development
Collaboration with Reliance Foundation, Arpan Seva Sansthan, NYK Sangathan, TATA Strives
and other government programs help in providing employment linked support to women and
youths in the community.

BALCO MEDICAL CENTRE

The BALCO Medical Centre (BMC) aims to bring ultra-modern, multi-modality diagnostic and
therapeutic facilities within easy reach of India’s population at a reasonable and affordable
cost. Bharat Aluminium Company Limited (BALCO), a subsidiary of Vedanta, started the
Vedanta Medical Research Foundation (VMRF), a voluntary non-profit organization. Balco
Medical Centre, a state-of-the-art oncology facility in Naya Raipur, is its first flagship initiative of
VMRF with a vision to prevent, control and eradicate cancer and illnesses related to it .
In the FY 2020-21, BMC performed a number of difficult and complex clinical procedures for the
first time in Chhattisgarh, like Cytoreductive surgery paired with hyperthermic intraperitoneal
chemotherapy, Leukapheresis, Therapeutic plasma exchange (TPE) etc,
61.83 CR BMC’s operational expenditure
44.00 CR Funding from Balco, Korba

VEDANTA ROJGAR YOGNA

India is a labour-intensive country with over 50% of its population below the age of 25 and 65%
of its population below the age of 35. Nearly 45% of the country’s youth drop out of school
before high school. This leaves them with no formal education or skill set to get a meaningful
employment and career progression. This affects them socially, economically and
psychologically.

COURSES OFFERED AT VEDANTASKILL SCHOOL, KOLKATA:

 Bachelor of Arts
 Bachelor of Commerce
 Bachelor of Science

LAND & WATER MANAGEMENT

Project, Land & Water Management is the company’s flagship program on farm sustainable
livelihood which reaches out to 790 families through agricultural interventions. 470 Farmers
adopted multiple cropping pattern. 450 Farmers are practising modern farming techniques. its
helps to increase in average annual income

SOCIAL PERFORMANCE & SOCIAL LICENCE TO OPERATE

Securing and retaining one’s social licence to operate is an outcome resulting from a company’s
ability to garner the trust of the communities where it operates. Social performance
frameworks are a good mechanism to measure, manage, and monitor this aspect of the
business.
With a view to evaluate Vedanta’s social performance and impact, our senior leadership
commissioned a study conducted by independent, globally renowned experts. This study
spanned four sites, post which the reports were submitted to the Vedanta ExCo for its
consideration. The reports made a clear case for a reboot of our social performance practices.
COMMUNITY OUTREACH DURING COVID-19
In addition to the execution of our long-term social development agenda, we were also among
the foremost Indian companies which stood in solidarity with the larger community during
these challenging times. We have pledged ~₹150 crore to help the country in its fight against
the second wave of COVID-19 and we are undertaking several initiatives, as summarised below.
HEALTH AND MEDICAL SUPPORT

 Setup 10 field hospitals with 1,000 critical care beds for COVID patients, across
Rajasthan, Delhi/NCR, Chhattisgarh, Odisha, Karnataka, Jharkhand and Tamil Nadu.

 Vedanta’s business units have been supporting 1,000 beds for COVID-19 patients across
business locations.

 Cairn Oil & Gas has set up a 100-bed COVID Care Centre in Barmer along with the district
administration.

 Vedanta Aluminium, Jharsuguda & BALCO, Korba have set up COVID Care Centres with a
capacity of 100 beds each.

 Vedanta Sesa Goa has added 100 critical care beds with oxygen and ventilator support
at Goa Medical College.

OPENION
Vedanta is doing good corporate social responsibility and its actually helps to people,
In a covid-19 pendamic BALCO MEDICAL CENTER is very use full for people, and Vedanta
believes that "human capital" is the strongest asset. And Vedanta doing their CSR Activities
in different fields like, Education, Womens Empowerment, Health Care etc. and all these
activities are done and every year Vedanta spent more money in CSR Activities.
CORPORATE GOVERNANCE OF VEDANTA LTD

 BOARD OF DIRECTORS:

 Size, Composition and Board Refreshments[49(IA) Composition of Board]:

The Board believes that it is essential to have an appropriate balance between Executive,
Non-Executive and Independent Directors to promote shareholder interests and govern the
Company effectively. Hence, the Company maintains an optimum combination of Directors
in compliance with the Companies Act, 2013 (‘Act’), the Listing Regulations, and is also in
line with the global best practices. As on March 31, 2020, the Board comprises of ten
members, consisting of one Executive Chairman, two Executive Directors, two Non-
Executive Directors including one Woman Director and five Non-Executive Independent
Directors including one Woman Director.

 (OPINION : COMPANY HAS 6 NON-EXECUTIVE DIRECTORS OUT OF 10 WHICH MEANS

60% ARE NON-EXECUTIVE DIRECTORS, SO THEY HAVE SATISFIED THE 50% NON-
EXECUTIVE CRIETARIA.)
In their constant endeavour to adhere to the global best practices and in line with the SEBI
recommendations, Mr. Anil Agarwal has been appointed as the Non-Executive Chairman of
the Company effective April 1, 2020. The roles of the Chairman of the Board and the Chief
Executive Officer (CEO) have a clear division of responsibilities and duties as the positions
are held by separate individuals. Apart from this, the Company also has a separately
designated Chief Financial Officer and Company Secretary & Compliance Officer.
 (OPINION: HERE WE CAN SEE THAT THE CHAIRMAN IS A NON-EXECUTIVE DIRECTOR
AND THE BOARD ALSO HAS MORE THAN 1/3 NON-EXECUTIVE DIRECTORS.SO, WE CAN
SAY THAT CLAUSE 49(IA) “COMPOSITION OF BOARD” OF LISTING AGREEMENT IS MET
HERE.)

 Remuneration Components: [49(IB) Compensation and Disclosures]:

The Non-Executive Independent Directors are paid
remuneration by way of commission and sitting fees. The appointment letter detailing the
terms and conditions of appointment of Non-Executive Independent Directors is available
on the Company’s website https://www.vedantalimited.com. The Board decides the
payment of commission within the limits approved by the members subject to the limit not
exceeding 1% of the net profits of the Company. Further, it may be noted that no stock
options were issued to the Non-Executive Independent Directors during the year.
  (OPINION: AS WE CAN SEE CLAUSE 49(IB) IS ALSO MET HERE.DISCLOSURE OF SITTING
FEES AND COMISSION PAID TO THE NON-EXECUTIVE DIRECTORS IS ALSO MENTIONED IN
THE REPORT.)

 Other provisions as Boards and Committees[49(IC)]:

(i) The board shall meet at least four times a year, with a maximum time gap of three
months between any two meetings.
  (OPINION: HERE BOARD HAS MET 4 TIMES A YEAR AND WITH AN INTERVAL NOT MORE
THAN 3 MONTHS.)

(ii) A director shall not be a member in more than 10 committees or act as Chairman of
more than five committees across all companies in which he is a director.
Furthermore it should be a mandatory annual requirement for every director to inform the
company about the committee positions he occupies in other companies and notify changes as
and when they take place.

 (OPINION: AS WE CAN SEE THE CHAIRMAN IS A CHAIRMAN IN ONLY STERLITE

TECHNOLOGIES LIMITED AND NO OTHER DIRECTOR IS A DIRECTOR IN MORE THAN 10
COMPANIES.SO, WE CAN SAY THAT CLAUSE(IC) IS MET HERE.)

 Code of conduct[Clause 49(ID):

 The Board shall lay down a code of conduct for all Board members and
senior management of the company. The code of conduct shall be posted
on the website of the company.
  All Board members and senior management personnel shall affirm
compliance with the code on an annual basis. The Annual Report of the
company shall contain a declaration to this effect signed by the CEO.

The code of conduct has been uploaded on their website :

https://www.vedantalimited.com/CorporateGovernance/vedanta_limited_code_of_conduct_a
nd_business_ethics.pdf

 (OPINION: AS WE CAN SEE CEO SUNIL DUGGAL HAS DECLARED THAT ALL THE MEMBERS
COMPLY TO THE CODE OF CONDUCT WHICH IS UPLOADED ON COMPANY’S WEBSITE.SO,
WE CAN SAY THAT CLAUSE 49(ID) IS IN COMPLIANCE HERE.)

 AUDIT COMMITTEE[CLAUSE 49(II-A,B,C,D,E)]:

The Committee comprises solely of Independent Directors whose
names, details and biographies are set out in the Board and Committees section of this Annual
Report. The Committee fulfils the requirements as specified under the provisions of the
Companies Act, 2013, SEBI Listing Regulations and NYSE Guidelines w.r.t composition,
independence & financial expertise of its members.
 
The schedule of Committee meeting held during FY 2019-20 along with its
members’ attendance records are detailed in the earlier sections of the Corporate Governance
Report.

 (OPINION: THE COMMITTEE HAS MET 4 TIMES A YEAR AND NOT MORE THAN 4
MONTHS HAVE ELAPSED BETWEEN TWO MEETINGS.)
Power, role of audit committee and review of information by the audit committee is also laid
down by the company
  (OPINION: HERE WE CAN THUS SAY THAT SECTION (II) OF CLAUSE 49 IS ALSO MET.)

 SUBSIDIARY COMPANIES[CLAUSE 49(III)]:

The Company has identified Hindustan Zinc Limited (listed) and Cairn India
Holdings Limited (unlisted), subsidiaries of the Company as its material subsidiary based on the
consolidated income/net worth of the Company in immediately preceding accounting year i.e.
year ended March 31, 2019. Accordingly, the compliances under Listing Regulations with
respect to material subsidiary have been duly met by the Company for FY 2019-20. Confirming
with the Listing Regulation, the Company has a policy on Determining Material Subsidiary,
approved by the Board.The subsidiary companies have their separate independent Board of
Directors who are authorized to exercise all the responsibilities, duties and rights for effective
monitoring and management of the subsidiaries.
 The Company supervises and monitors the performance of subsidiary
companies:
I. On a quarterly basis, placing before the Board, the minutes of each of the Board meetings of
the subsidiary companies and a statement of all significant transactions of the subsidiary
companies for their review and noting;
ii. On a quarterly basis, placing before the Audit Committee, the minutes of each of the Audit
Committee meetings of the subsidiary companies;
iii. Presentations are made to the Company’s Board on business performance by the senior
management of major subsidiaries of the Company;
iv. Certain matters of the subsidiaries are reserved for approval of the Board or Committee of
Directors of the Company;
v. Subsidiaries are subject to applicable Statutory Audit and Secretarial Audit. Further,
appropriate disclosures related to subsidiaries are made in Financial Statements/Directors’
Report of the Company as per Companies Act 2013 and Listing Regulations.
 (OPINION: NAVIN AGARWAL WHO IS AN INDEPENDENT DIRECTOR IS A DIRECTOR OF
HINDUSTAN ZINC LTD . BOARD ALSO REVIEWS THE FINANCIAL STATEMENTS OF
SUBSIDIARIES AS MENTIONED ABOVE.SO, WE CAN SAY THAT CLASUE 49(III) IS MET
HERE.)

 DISCLOSURES[CLAUSE 49(IV)]:

 Basis of related party transactions:

All the related party transactions were in accordance with the
provisions of Companies Act, 2013 and Listing Regulation and were in ordinary course of
business and at arm’s length basis. A detailed information note on material significant related
party transaction forms a part of Director’s Report. The Company has a policy on Related Party
Transactions, which regulates all the Related Party Transaction entered into by the Company.
This policy has been approved by the Board and displayed on the Company’s website at
https://www.vedantalimited.com.

 CEO/CFO CERTIFICATION[CLAUSE 49(V)]:

 (OPINIONS: CEO SUNIL DUGGAL AND CFO ARUN KUMAR HAVE ALSO

 REPORT ON CORPORATE GOVERNANCE BY THE COMPANY[CLAUSE

49(VI)]:
 (OPINION: AS REQUIRED IN THE CLAUSE 49(VII) COMPANY HAS ALSO PROVIDED A
SHORT REPORT ON ITS CORPORATE GOVERNANCE.)

 COMPLIANCE[CLAUSE 49(VII)]:
 (OPINION: THE COMPANY HAS ALSO OBTAINED THE CERTIFICATION FOR COMPLIANCE
OF CORPORATE GOVERNANCE FROM THE AUDITOR COMPLYING WITH CLAUSE 49(VII).
Critical Evaluation of ESG measurement and reporting of
Vedanta Ltd Using WEF

 Principles of Governance

 Governing Purpose of Vedanta Ltd :

Our goal is to create long-term value for all our stakeholders through research,
discovery, acquisition, sustainable development and utilisation of diversified natural
resources. For accomplishing that, we empower our people to drive excellence and
innovation. We demonstrate world-class standards of governance, safety,
sustainability and social responsibility.

 Quality of Governing Body:

Board Composition –
As discussed before Vedanta’s board of composition is in line with the SEBI
recommendations as we can see in the below mentioned chart:
 Stakeholder Engagement:

Employee engagement

They Endeavour to develop a unified culture that exemplifies others their core values
and nurtures safety, excellence, creativity and diversity. We value the significance of
their people and it is their responsibility to keep them motivated. They achieve this by
providing career growth & leadership opportunities across all levels, with an emphasis
on promoting gender diversity across roles.

Vedanta understands the value of sustaining continuing and long-term relations with
their stakeholders to ensure a mutual understanding of the Company’s strategy,
performance and governance.

The Stakeholders’ Relationship Committee (SRC) supports the Company and its Board
in maintaining strong and long-lasting relationships with its stakeholders at large. The
SRC majorly ensures and oversees that the security holders grievances are promptly
 resolved; ways to enhance shareholder experience; performance of Registrar &
Transfer Agent; shareholding movement etc.

The SRC is chaired by Ms. Lalita D Gupte, Non-Executive Independent Director.

The Board accepted all the recommendations made by the Committee in FY 2019-20.

 Ethical behavior:

Vedanta as an organization strongly supports Awareness Sessions/Workshop on

Compliances and Ethics /
Protected ethics advice and reporting mechanisms:

 Transparency and openness and believes in zero tolerance for unethical

practices.

 The Company also drives a group-wide ‘Ethics Compliance Month’ as part of

its special annual initiative wherein it conducts awareness and training
sessions covering on governance and internal policies such as prevention of
insider trading, prevention of sexual harassment, anti-bribery and anti-
corruption, anti-trust laws etc.
 Developed an automated training module for a mandatory annual training
for all its employees and reinforce the principles under the Code of Business
Conduct and Ethics, the Whistle Blower Policy etc.

 The senior management places great emphasis on good governance

practices by setting the tone at the top and encouraging employees to
educate themselves and to ensure transparency and integrity in their day-
to-day activities.

 Digital initiatives, a web-based portal for its designated employees is in

place, to enable them to manage and report dealings in securities of the
Company and ensure compliance with the Insider Trading Prohibition Code.

 Also, the Company has in place an online gift declaration portal wherein the
employees are required to promptly declare the gifts received by them in
compliance with the Gift Policy of the Company forming part of the Code of
Ethics and Business Conduct.

Opinion:

According to the Governance practices held, managed and

applied by Vedanta Ltd as discussed above, required principles of
governance like board composition, taking action towards
maintaining stakeholder engagement, rules or policy that has
been set by VEDL for ethical behavior, rewards for ethical
behavior etc is in line with what is must required and expected
from reputed company.
 Planet
 Climate change:

Green House Gas (GHG) Emissions

Climate related risks and opportunities –

 Risks

 POLICY AND LEGAL RISKS

Regulatory changes for limiting or reducing GHG emissions could potentially

impact the company’s operations with increased costs for fossil fuels, levies
for emissions in excess of certain permitted levels, and increased
administrative costs for monitoring and reporting.

 REPUTATIONAL RISK

A decline in the company’s ESG risk rating – on account of carbon emissions

will impact the ability of organization to access the finance due to inability for
meeting investor expectations and can result in a loss of reputation.
  PHYSICAL RISK

Vedanta anticipate physical risks related to extreme weather events and

changes in the availability of water due to climate change. With changes in
the mean precipitation their operations are at risk in water stressed area, as
the availability of water could become a challenge.

 OPPORTUNITIES

Vedanta has initiated climate scenario planning and stress-testing of the company’s
projects based on internal carbon prices. They claim to be inventorying their Scope 3
emissions and where relevant - develop a roadmap to reduce them. They plan to
engage long-term, essential Tier-1 suppliers to submit their GHG reduction strategies
by 2025.

They also have to align their strategies with Vedanta’s decarburization strategy by
2030. While their last set of targets was aligned to India’s NDCs, they are
deliberating if Science Based Targets (SBT) should be adopted for the entire group,
or if they should continue to be aligned to India’s emissions reduction goals.

Air Quality and Emissions Control

They closely monitor the impact of their operations on the air quality and its impacts
on their workforce and communities.

As part of their ambient air quality monitoring process, they monitor Suspended
Particulate Matter (SPM), SOx and NOx.

They also keep in check lead emissions in their zinc operations, fluoride emissions in
their copper and aluminum operations, and Polycyclic Aromatic Hydrocarbons
(PAHs) in their aluminum operations as per their Environmental Management
Standard.
A robust planning was undertaken to ensure they get the desired results. Waste
water elimination throughout the process 100% recycling of effluent water at sites
strict adherence to 3R principle (Reduce, Reuse and Recycle)

Awareness campaigns around efficient water utilization, was organized by utility

team across the shop floor Promoting water leakage reporting, to undertake
preventive steps Increasing number of water audits with strict compliance closure to
findings.
 Opinion:

As discussed above the actions taken by the VEDL for Greenhouse

Gas emissions, self evaluating of material climate risk and
opportunities, ecological sensitivity created by awareness
campaigns using various operations to recycle water etc shows
positive feedback from the side of VEDL. VEDL is facing challenges
in meeting their minimum emissions targets.

 People

 Dignity and Equality:

Gender pay equality- Whether employee is male or female Vedanta is paying

somewhat equal remuneration or salary.

Diversity and Inclusion

Diversity and inclusion for them is not merely limited to compliance to statutory
norms but it is a business imperative that offers strategic advantage in terms of
diversity of ideas & perspectives that drives creativity and innovation across our group
companies. Added with cultural sensitivity, insight and local knowledge, it is the
bedrock for our long-term sustainability.

Also breaking caste barriers to achieve inclusivity.

Women in Workforce:

At Vedanta, their vision is to ultimately create a workplace culture where teams of

mixed gender, ethnicity, regional affiliations, physical ability, age and orientation are
representative of a variety of perspectives and experiences.
 They believe inclusion is about ensuring everybody, irrespective of gender, nationality
or any other background, has an equal opportunity and is not treated differently or
discriminated against because of these characteristics.

They proactively reinforce a culture where everyone feels included and respected- an
environment where we value differences by providing equal opportunities to one and
all. While they recognize and promote diversity in all forms, they are prioritizing to
focus on gender diversity initiatives.

*Retention % is calculated based on the number of employees who returned and were
in continuous service for the next 12 months /number of people who went on
parental leave.

(Source: https://sd.vedantaresources.com/SustainableDevelopment2020-21)

 Health and wellbeing-

 The health and safety is their top priority, and they believe all fatalities, injuries and
occupational diseases are preventable. Through strong safety leadership, they can
create and maintain safe workplaces for all their people.

Safety booster program held by Vedanta-

(Source: https://sd.vedantaresources.com/SustainableDevelopment2020-21)

 Skills for the future-

Training Provided:
Talent is key at Vedanta, they focus on hiring employees considering their business
growth plans. They take a multi-pronged approach to recruit, retain, and grow
individuals, thereby helping Vedanta maintain its competitive edge.

They constantly evolve at all phases of the talent management cycle, from recruitment
to development, and engagement to retention. Through digitisation and userfriendly
technology, they continuously upgrade and introduce best-in-class people practices.

Graduate Development Program held by Vedanta:

(Source: https://sd.vedantaresources.com/SustainableDevelopment2020-21)
  VEDANTA LEADERSHIP DEVELOPMENT PROGRAMME

Continuing their practice of hiring young talent and developing them to take up higher
roles and responsibilities in the organisation, they started the Vedanta Leadership
Development Programme (VLDP) for hiring from top IITs and IIMs. Over the preceding
four years, they have hired 100+ management trainees from top three IIMs and XLRI
and graduate engineer trainees from top six IITs.

Their high-potential talent is provided with high-impact frontline roles. At the end of
these workshops, they rotated them into elevated cross-functional roles to provide them
with maximum exposure and train them to take up CXO roles at their businesses within the
next six-eight years. As part of Vedanta’s DNA, they focus on continuous identification and
talent development. Over 1000 leaders were identified through workshops, V-Reach, IJP
and ActUp programmes.

 Health and well being-

 The Company has employees from across the world and it is committed to provide
them with a safe and healthy work environment.

In addition, by creating a culture that nurtures innovation, creativity and diversity, it

enables them to grow personally and professionally while also helping to meet their
business goals.

Opinion:

Discussed and shown above points that is measurement and

reporting of dignity and equality, health and well being, and skills
for the future provided by the VEDL satisfy with the compliance
mentioned by WEF.

 Prosperity

 Wealth Creation and employment

Net Number of jobs created-

In terms of job creation, Vedanta is creating nearly 1 million man years of

employment yearly through all its group companies. This translates into 17 job
opportunities in India for every direct employee in Vedanta.

Net economic contribution

Vedanta contributes 0.40% to India GDP, says study on March 2019.

Taking into account the company's suppliers and their ability to generate
employment, the indirect impact is another Rs 1,69,550 crore or 1 per cent of GDP,
the study conducted by Institute For Competitiveness (IFC) to assess the economic and
 social impact of Vedanta said.

Net Investment-

Total social investments

INR 3.22 Billion*

Community lives impacted

42 Million*

Villages outreach
900+

Contribution to the ex-chequer

INR ~345 Billion

 Community and social vitality

Supporting the Nation during COVID-19

Around 20 Million employee contributions made Over 40 Million lives community lives
impacted INR 1.33 Billion direct contributions made to PM and CM relief funds.

 100 bed quarantine centres developed at living quarters to facilitate crew travel
& isolation of the infected employees in Barmer.

 Sensitization drives and awareness sessions across living quarters, office

premises & business partners camps. ANDHRA PRADESH

 Supporting with 5 oxygen concentrators and 50 oxygen cylinders to area

Hospitals.

 Supporting community by providing medical infrastructure at S’Yanma PHC

upgrade as Covid Care Centre. PUNJAB AND JHARKHAND
 Liquid Medical Oxygen Supply (1.5.2021 - 10.6.2021) Total - 485.26 T Uttar
Pradesh-18T, Bihar - 205.96T, Jharkhand - 91.22T, Punjab-156.06T, Gujarat-
14.02T.

 Distribution of Kits during 45 above vaccination drive for Community.

 Supply of 300 sets of Covid Medicine.

 Supply of oxygen concentrator.

 1,500 Regulators provided to Govt. Health Department

 5,000 Antigen Kits for Employees & Business Partners

 Oxygen cylinders procured for plant isolation centre - 20 oxygen cylinder - 47

meter cube each THOOTHUKUDI

 Has been supplying medical oxygen free of cost to the hospital in Tamil Nadu.
Supplied 771.54 MT of liquid oxygen & 3276 M3 of gaseous oxygen as on
16.06.2021

 Supplied provisions and Covid safety supplies worth Rs. 8.5 million to the
communities during the COVID Crisis

 64% of employees and 54% of business partner employees are vaccinated as on

31st May’21
  Distributed PPE kits to health care workers.

 Donated Rs. 800 thousand (for 1,000 vials) to Govt. Hospital for the purchase of
Remdesevir Drug.

 Supplied 81 oxygenated beds with infrastructure facilities to Thoothukudi Govt.

Medical College Hospital, 25 oxygenated beds to Kayalpattinam Govt. Hospital

Community Investment (CSR)

During FY 2021, Vedanta Ltd has spent over INR 3.22 Billion on social development
activities, spread across our core impact areas. As they stand today, their flagship CSR
initiative for women and children has touched a new milestone, with the setting up of
2,300+ Nand Ghars in 11 states.

Let’s take a look of Community Interventions of Vedanta Ltd

 Country by Country Tax report

Snapshot on Vedanta’s Focus on ESG:

 Vedanta’s ESG Landscape

Evaluating the risks and mitigative actions are core responsibilities of the risk
committee, in addition to which we undertake an exhaustive materiality assessment in
order to meet the stakeholder expectation.
During FY2019, they completed the assessment and identified high (areas that require
their immediate attention and intervention), medium (areas that can be managed using
their existing frameworks and protocols)
and low (areas that need continuous monitoring to prevent them from becoming critical
for the organisation over time) priority areas :
 Vedanta’s Strategic ESG priorities framework
Opinion:

Metrics and report of VEDL as put up above accordance with WEF

format, is impressive as expected from reputed organization.
Mining giant VEDL has contributed 0.40 per cent or Rs. 67,554
crore to India’s GDP through its operations. Moreover community
investments, country by country tax reporting, and net number of
jobs created by the company is also not bad.

Conclusion:

CSR activities are discussed in the report. Corporate Governance

report is also in compliance with the clause 49 and their
governance is also analyzed according to the format of world
economic forum.