Archive for November, 2021

Vedanta announces mission statement“Transforming for Good”in line with ESG Goals

New mission statementis backed by 3 pillars: Transforming communities, Transforming the planet, and Transforming the workplace. Companyis focused on being the ESG leader in natural resources sector.
New Delhi/Mumbai : Vedanta, a global natural resources company, has announced the evolution of its mission statement to strengthen the group’s commitment to ESG.

Vedanta is planning to be the ESG leader in the natural resources sector and has committed to reduce carbon emissions to zero by 2050 or sooner. The company has pledged $5 billion over the next 10 years to accelerate the transition to net zero operations. As a part of the process, the company has repurposed its mission statement to Vedanta – ‘Transforming for Good’, to make a meaningful difference to the society at large.
Ms.Priya Agarwal, Director, Vedanta Ltd. said “As a diversified natural resources company, Vedanta is committed to delivering sustainable and responsible growth, relying on the principles of environmental stewardship, social equity and impact, and good corporate governance. With this new identity, we want to further our commitment towards ESG in everything we do.”
Vedanta’s new positioning is backed by three pillars – Transforming communities, Transforming the planet, and Transforming the workplace. The new mission statement is significant as it focuses on Vedanta adopting best practices and policies across the ESG space for the greater good.
Transforming Communities
Aim 1. Responsible business decisions based around community welfare
Aim 2. Empowering over 2.5 million families with enhanced skillsets.
Aim 3. Uplifting over 100 million women and children through Education, Nutrition, Healthcare and Welfare.
Transforming the Planet
Aim 4. Reduction in carbon emission intensity by 25% by 2030, and net-carbon neutrality by 2050
Aim 5. Innovations for greener business model
Aim 6. Achieving net water positivity by 2030
Transforming the Workplace
Aim 7. Prioritizing safety and health of all employees
Aim 8. Promote gender parity, diversity, and inclusivity
Aim 9. Adhere to global business standards of corporate governance
Vedanta has been at the forefront of sustainable practices and is leveraging new technologies to safeguard the environment and communities. Guided by the philosophy of `Zero Harm, Zero Waste, Zero Discharge’, Environmental, Social and Governance (ESG) practices are at the heart of Vedanta’s operations which are focused on delivering sustainable and responsible growth thereby creating value for all stakeholders.


Hind Zinc conferred with prestigious ‘5 Star Rated Mines’ award

Hindustan Zinc’s Rampura Agucha and Kayad Mine have won the top rating for efforts towards sustainable mining
Udaipur : Hindustan Zinc, world’s leading and India’s only producer of integrated Zinc-Lead-Silver, was awarded the prestigious ‘5 Star Rated Mines’ award by the Ministry of Mines, Govt. of India. Union Minister of Parliamentary Affairs, Coal and Mines, Govt. Of India – Mr Pralhad Joshi felicitated Hindustan Zinc with the award at the 5th National Conclave on Mines and Minerals held in Delhi. HZL’s Rampura Agucha& Kayad Mine both received the ‘5 Star Rated Mines’ certification for their efforts and initiatives in sustainable mining.

Leading the way for green and sustainable operations, Hindustan Zinc is among the first mining companies to commit to Net Zero 2050 and has a strong focus on ESG. The company has set a strategic roadmap on their sustainability journey, planning to invest over $1bn in the next 5 years to go green and achieving focussed Sustainability Goals by 2025. With such a strong commitment on maintaining highest ESG standards, actioning against climate change, and conservation of water & energy, Hindustan Zinc is a leader in sustainable operations.
Mr Arun Misra, CEO – Hindustan Zinc said, “Everything we do is with an aim to contribute towards national development and create a sustainable future for our communities. Hindustan Zinc is proud to be recognised by the Ministry of Mines and Government of India as a leader in sustainable operations with this prestigious 5 Star Rating. Step by step we move towards a greener tomorrow positively impacting the lives around us.”
The Agucha and Kayad mines of Hindustan Zinc come under the Rampura Agucha Cluster situated in Bhilwara district of Rajasthan. Both mines act as a model for sustainable operations; catering majority energy requirement through renewable solar power, reusing and recycling water and state-of-the-art waste management systems.
Sustainability and CSR are an integral part of business at Hindustan Zinc. Their efforts have been recognized with awards such as the Most Sustainable Company in the Mining Industry by World Finance at the Sustainability Awards 2021. As a COP26 Business Leader, Hindustan Zinc serving as a sector influencer in leading actions to protect the environment and tackle climate change.


Zinc wins three recognitions at Global Sustainability Leadership Awards

The recognitions include ‘Sustainable Business of the Year,’ ‘Sustainable Water Management Award,’ and ‘Business Transformation Award.’
Udaipur : Leading the way for green and sustainable operations, Hindustan Zinc has been conferred with three big accolades at the Global Sustainability Leadership Awards. India’s largest producer of Zinc-Lead-Silver, Hindustan Zinc won under the categories of ‘Sustainable Business of the Year,’ ‘Sustainable Water Management Award,’ and ‘Business Transformation Award’. The award ceremony was held in Mumbai by World Sustainability, a non-profit organisation committed to advocating for sustainable leadership.

“These awards recognise the constant endeavour of incorporating sustainability as a practice in our operations,” Hindustan Zinc’s CEO, Mr. Arun Misra, stated upon winning the awards.“At Hindustan Zinc, we have set a strategic roadmap towards achieving Net Zero 2050 and all our innovations are aligned on this. We are taking concrete and effective steps on responsible water stewardship, reduction in greenhouse gas emissions, and tackling climate change. These recognitions push us further in accomplishing our Sustainability Goals 2025.”
As leaders in sustainable mining, Hindustan Zinc’s unrelenting approach to sustainability has proven to be a significant catalyst for long-term, value-driven growth. Their sustainability emphasis continues on ensuring the best use of natural resources, reducing carbon emissions, maintaining safe operations, and leveraging renewable energy sources. Hindustan Zinc has planned to invest $1bn over the next five years to go green, focusing on smart, safe and sustainable operations.
The company believes in the philosophy to reduce, reuse and recycle water in order to optimise consumption and provide more water for the communities’ use. Being a 2.41x water positive company, HZL has developed state-of-the-art technologies like Sewage Treatment Plants and Dry Tailing Plants for efficient management and recycling of water. These efforts are aligned with the company’s Sustainability Goal 2025 of becoming 5x water positive and savings of 0.5 million tCO2e GHG emissions. The organisation has been steadily increasing its use of low-carbon and low-emission technology, expanding its renewable energy capacity, and lowering its overall GHG emissions.


Journey of Hindustan Zinc’s initiative ‘SAKHI’ Stitching Centre at Pantnagar

It focuses on providing a wide range of ecologically friendly, slow-fashion textiles with beautiful traditional craftsmanship and needlework that can be traced across India’s supply chain, The SAKHI’s tie-up with FAB India is in line with the organization’s goal to increase women’s financial inclusion.
Udaipur : For women residing in rural areas, independence is a continual concern, whereas starting their own business is a concept that is only dreamt and imagined about and never completely fulfilled or attained.

However, in the instance of these women from Rajasthan and Uttarakhand, one company has transformed their lives and enabled them to be self-made and independent entrepreneurs in their respective terms. Women residing in those areas can now make a decent living to support their families, while also rediscovering the potential of their own voice and ideas. ‘SAKHI,’ the flagship project of Hindustan Zinc, strives to empower and mobilize rural women into Self-Help Groups (SHGs) to enhance their finances, skill development, and entrepreneurship capabilities. The business’s micro-enterprise project, SAKHI Utpadan Samiti, offers sustainable livelihood possibilities and tends to empower the local communities to become ‘Aatmanirbhar Bharat’. More than 27,000 women benefit from the SAKHI initiative, which spans two states and 189 rural villages. Under this initiative, there are 2159 SHGs with a total savings of Rs 11.62 crore.
Hindustan Zinc’s SAKHI Utpadan Samiti employs and engages 130+ SAKHI women. The women at the centre focus on providing a range of clothes with beautiful traditional craftsmanship. It currently supplies the product line to a variety of local and national brands and had its breakthrough when a high-end brand like FAB INDIA decided to tie up with them. The SAKHI Stitching Training Centre set up in Rudrapur’sKalinagar Village was a great achievement. The women have been learning sewing and other handicraft products at the SAKHI training centre for the past few years. Under this project, 189 women received training in stitching and 67 women received guidance in handicraft products. In 2021, a proposal was presented to FAB INDIA Company and its team visited the SAKHI Production Centre to talk to the women and also promised employment. The first consignment of 494 Male Salwar was handed out to their representative successfully.
Mrs Sudha Singh expressed her delight at working with SAKHI by saying, “I’m a mother of three and, my husband is a farmer. Before joining SAKHI, we had a rough time. However, now I can help my husband while also providing considerably better educational possibilities for our children. My family was initially unsupportive, believing that it would divert my attention away from my household chores. They instantly noticed how my salary could benefit my family, particularly my children. I presently work at SAKHI Stitching Centre, where I make FAB INDIA MEN SALWAR and earn around 6,000 to 7,000 Rupees per month, and I also operate a general store in my town, for which I took out a loan of Rs. 30,000, of which I have already repaid Rs. 21,000. Now I’m not just socially empowered, but also mentally and financially liberated.”
Hindustan Zinc strongly believe that women are fundamental to the growth and development of the society. Their women empowerment programs are focused on making women financially independent and on sharpening their skills to transform them into entrepreneurs besides augmenting their economic capabilities and ensuring their holistic development.


Vedanta Chairman Agarwal conferred with Philanthropy Award

New Delhi/ Mumbai : Industry leader and philanthropist, Mr Anil Agarwal, Chairman of the Vedanta Group, India’s leading producer of metals, minerals and oil & gas, has been conferred with the coveted Philanthropy Award at the Asian Business Awards 2021. The award has been givenfor the outstanding work done through his charitable foundation, ‘Anil Agarwal Foundation’, which iscreating a sustainable and positive impact for public good.

The Asian Business Award, now in its 23rd year, is hosted by Eastern Eye, Britain’s biggest selling English language Asian newspaper. The award celebrates Asian entrepreneurship and business success, and the winners are honoured at the annual gathering of the UK’s wealthiest and most successful businessmen and women.
This year’s award, which was held on November 19 in London, recognizes Mr. Agarwal for his contribution towards philanthropy.He is on a mission of giving back to society with a focus on education, healthcare, water, sanitation and sustainable living. The Anil Agarwal Foundationhas been set up with an aim to realize this philanthropic vision.
Speaking at the occasion, Mr Anil Agarwal said: “I am extremely humbled to receive this award. UK is a land of opportunities and has given me a lot. Philanthropy is something very close to my heart and I draw immense satisfaction by giving back to society.”
Anil Agarwal Foundation CEO, Dr Bhaskar Chatterjee said, “We are extremely humbled and honored to receive this award. We have always been committed towards the upliftment of society and the preservation of our planet. The Anil Agarwal Foundation was set up to facilitate sustainable and inclusive growth to protect and provide for our communities. When we receive such a prestigious award, it serves as an acknowledgement of our efforts to contribute towards the benefit of our society and motivates us to do more and better.”
The Anil Agarwal Foundation – an umbrella entity for Vedanta’s Give-back initiatives – has rolled out a Rs 5,000 crore social impact programme with a focus on nutrition, women and child development, healthcare, animal welfare and grass root level sports, including investments in a Corona-free village project across several states to combat the ongoing pandemic. The Foundation is committed towards empowering communities, transforming lives and facilitating nation building through sustainable and inclusive growth.
Vedanta Chairman Anil Agarwal has pledged to give 75 percent of his wealth towards philanthropy and social good. He has also joined The Giving Pledge, a movement of global philanthropists who commit to giving the majority of their wealth to philanthropy and charitable causes.


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