Vedanta updates its mission statement to strengthen ESG and commits to net zero emissions by 2050


Diverse miner Vedanta announced the evolution of its mission statement to strengthen the group’s commitment to the environment, social and governance (ESG).

The new mission statement focuses on Vedanta adopting best practices and policies in the ESG space for the greater good.

As part of its ESG commitment, the miner has committed to reducing its carbon emissions to zero by 2050 or earlier. He pledged $ 5 billion over the next ten years to accelerate the transition to net zero operations.

As part of the process, the company reoriented its mission statement towards Vedanta – Transforming for Good – to make a “significant difference to society as a whole”.

director of Vedanta Priya Agarwal affirms that the group is committed to ensuring sustainable and responsible growth, based on the principles of environmental stewardship, equity and social impact, and good corporate governance. “With this new identity, we want to strengthen our commitment to ESG in everything we do.”

Vedanta’s new positioning is based on three pillars: transforming communities, transforming the planet and transforming the workplace.

In terms of transforming communities, the new mission statement aims to develop responsible business decisions based on community well-being, empower over 2.5 million families with improved skills and raise over 100 million women. and children through education, nutrition, health care and well-being.

As for transforming the planet, Vedanta’s new mission statement aims to reduce the group’s carbon emissions intensity by 25% by 2030 and achieve net carbon neutrality by 2050.

The new mission statement also aims to seek innovations for a greener business model and achieve net water positivity by 2030.

In terms of workplace transformation, the new mission statement emphasizes the safety and health of all employees; promoting gender parity, diversity and inclusiveness; and adherence to global business standards for corporate governance.

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