Vedanta Limited · NSE:VEDL
Vedanta — Barclays ESG Emerging Markets Corporate Day 2024
31 slides from Vedanta's conference presentation, Jun 27, 2024
Slide 1: Vedanta: Contributing towards India's growth
VEDANTA Contributing At Vedanta, we are focused on sustainable growth while setting high standards of governance and transparency. At our core is a mission to towards India's make India self reliant in natural resources and electronics and growth empower transition to greener economy with our transf
Slide 2: Group Structure
Group Structure Vedanta Resources Limited Vedanta Limited (59.32%) Konkola Copper Mine (79.4%) Aluminium Oil & Gas Zinc & Silver Iron & Steel Copper • Largest capacity in India • India’s largest private • One of largest fully • One of the largest Indian • One of the largest custom with captive power
Slide 3: Sustainable and Profitable Operations – a commitment to business excellence
Sustainable and Profitable Operations – a commitment to business excellence and superior shareholder returns FY24 financials Legacy of business excellence Superior shareholding returns 1st quartile in global 14 $bn 66% Revenue 17.1 $bn cost curve across key segments Dividend over the last decade 5-y
Slide 4: Creating long term value with world-class diversified natural resources portfolio
Creating long term value with world-class diversified natural resources portfolio LIBERIA EAST ASIA INDIA IRON ORE Glass PROJECT WESTERN UAE CLUSTER INDIA Fujairah Gold MULTIPLE NAMIBIA SCORPION MINE SOUTH AFRICA BLACK MOUNTAIN MINE & GAMSBERG COPPER ALUMINIUM POWER IRON ORE ZINC 97,000+ 3,371 US$ 4
Slide 5: Board of Directors
Global and diversified experience Board of Directors Akhilesh Joshi Non-Executive Independent Director 44+ years of experience in mining Padmini Sekhsaria Navin Agarwal Non-Executive Executive Vice Chairman four Independent decades of Director Founder of strategic executive Salaam Bombay experience
Slide 6: Vedanta's Growth engine – Powered by proven leadership team
Vedanta’s Growth engine – Powered by proven leadership team Our CEOs Our Functional Heads Arun Misra Navin Jaju Ajay Goel Ritu Jhingon Executive Director CEO- Iron Ore Chief Financial Officer Director - Group Comm & 35+ years of experience of 18+ years of experience across 24+years of rich leadershi
Slide 7: ESG – At core of Vedanta
ESG – At core of Vedanta 7 Sensitivity: Internal (C3)
Slide 8: Our commitment to excellence – our path to leadership
ESG Our commitment to excellence – our path to leadership Transforming Communities Key Highlights Aim 1 Keeping Community Welfare as a guiding principle of our business decision Aim 2 Empower 2.5 million individuals with enhanced 0.3 million 0.71x skillset Individuals skilled Water Positivity Aim 3
Slide 9: High Impact initiatives drives sustainability leadership
Sustainability Leadership High Impact initiatives drives sustainability leadership S&P CSA rankings 3 Vedanta Limited1 Among 238 global companies 1Hindustan Zinc Hindustan Zinc 1 Among 238 global companies 1 Vedanta Aluminium2 Most sustainable aluminium producer Vedanta Limited - S&P CSA Ranking CDP
Slide 10: ESG Governance at Vedanta: Empowering Sustainable Practices
ESG Governance at Vedanta: Empowering Sustainable Practices Board of Director ESG Board Committee Composition of the Board ESG Committee Group Level Board Oversight UK Sinha Non-Executive Independent Director Corporate ESG Management Group ESG Exco Transformation Office Committee Chairperson Members
Slide 11: Transformation Offices & Communities of Practice drive ESG governance
Transformation Offices & Communities of Practice drive ESG governance Cascaded governance setup across Vedanta 13 CoPs established as cross-BU platforms ESG Board committee ESG ManCom Fortnightly Apex forum; Corporate TO High impact projects tracked Group ESG ExCo Monthly forum, (Part of Group ExCo)
Slide 12: Strong Policies & Standards based on Global Frameworks
Strong Policies & Standards based on Global Frameworks Vedanta Sustainability Framework 9 Policies 92 standards & guidance notes Robust Monitoring Biodiversity, Energy & Carbon,, • Covering all of the policy • Annual audit (VSAP) HSE, Human Rights, Social, subject areas conducted at ALL Vedanta Supp
Slide 13: Disclosures & publications
Disclosures & publications Sustainability Report Tax Transparency Report Integrated Annual Report TCFD Report & BRSR HIV-AIDS Sustainability Report - FY2023 Tax Transparency Report - FY2024 Integrated Annual Report - FY2024 TCFD Report FY2023 Sensitivity: Internal (C3) 13
Slide 14: Transforming The Planet
Transforming The Planet Sensitivity: Internal (C3)
Slide 15: Transforming the Planet
Transforming the Planet Striving for energy-efficient processes, enhancing renewable energy use, pioneering innovative waste-to-resource applications and prioritizing conservation practices $ 210 mn No of Aims: 3 Total Capex Spent on decarbonisation projects in FY 24 Aim 4: Net Zero Carbon by 2050 o
Slide 16: Phase-wise decarbonization approach
Phase-wise decarbonization approach Under Progress Short term (till FY 2025) Completed 20% reduction in GHG intensity of metals business (FY21 baseline) Inventorization and disclosure of Scope 3 emissions Medium term (till FY 2030) 25% reduction in absolute GHG emissions (FY21 baseline) 2.5 GW of RE
Slide 17: Decarbonisation Metrics and Performance
Decarbonisation Metrics and Performance GHG Emissions (million GHG Intensity tCO2e/t of RE power consumption tonnes CO2e) metal (MW) Scope 1 Emissions 6.45 464 6.14 6.24 Scope 1 Emissions 2 5.66 4.6 4.85 350 3.3 8.2 267 255 1.3 61.3 58.9 59.4 67 57.2 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY25 Prj
Slide 18: Net-Zero Carbon by 2050 or Sooner - Roadmap
Net-Zero Carbon by 2050 or Sooner - Roadmap AIM TO REDUCE 25% ABSOLUTE GHG EMISSIONS BY FY2030 ▪ 80 projects in planning or FY Emissions (mnt of CO2e) implementation stage during FY24 Decarbonization Initiatives - 25% vs ▪ 40% in advanced stages of planning Growth FY21 baseline ▪ Project Mix: Projec
Slide 19: Four Businesses aspire to reach Net Zero Carbon before 2050
Four Businesses aspire to reach Net Zero Carbon before 2050 2030 2033 2035 2050 • Cairn oil and Gas • Vedanta Zinc • Hindustan Zinc • Vedanta Ltd International • Copper India Cairn VZI HZL Copper Peak emissions 2.4 million TCO2e 0.55 million TCO2e 5 million TCO2e 0.7 million TCO2e Peak Year 2025 202
Slide 20: Successfully initiated utilization of RE power from RE RTC project
Successfully initiated utilization of RE power from RE RTC project Update: Phase 1 of 900 MW: Aluminum: 450 MW & HZL: 450 MW • Initiated utilization of renewable energy at HZL for its operations from RE-RTC projects. HZL already consumed 29 MU of RE power till 25th Jun 2024. Key PDAs as on date: 1,8
Slide 21: Real-world Business Impact
Real-world Business Impact 1st 1st 1st 1st Green aluminium Commissioning of 100% RE run plant Company with product line EVs in HZL’s Pantnagar plant cross-BU dedicated Restora and Restora underground mines will be sourcing 100% ESG forums Ultra – catering to & shopfloor renewable energy 13 corporate
Slide 22: Transforming Community
Transforming Community Sensitivity: Internal (C3)
Slide 23: Communities, Integral part of our sustainable operations
Transforming Communities Communities, Integral part of our sustainable operations No of Aims: 3 Total SDGs addressed: 3 Aim 1: Keeping Community Welfare as a Aim 2: Empower 2.5 million individuals Aim 3: Uplift 100 million women and guiding principle of our business decision with enhanced skillset c
Slide 24: Empowering communities with focused actions
Empowering communities with focused actions 17.40 million 53 Mn$ 6,000+ Highlights Total Beneficiaries CSR Spend in FY24 Nand Ghars Healthcare Drinking water > 251 Mn$ spent on CSR > 32 Initiatives and sanitation activities since 2020 > 12 Initiatives $ Million Community 57 Children’s 54 53 Infrastr
Slide 25: Transforming The Workplace
Transforming The Workplace Sensitivity: Internal (C3)
Slide 26: Strive for diverse, equitable, inclusive and safe workplace
Transforming the Workplace Strive for diverse, equitable, inclusive and safe workplace No of Aims: 3 Total SDGs addressed: 5 Aim 7: Prioritise the safety and health of Aim 8: Promote gender parity, diversity, Aim 9: Align with global standards of our workforce and inclusivity corporate governance In
Slide 27: HSE Performance Metrics and Improvement Strategies
HSE Performance Metrics and Improvement Strategies Fatality 12 13 7 8 Fatalities Prevention Programmes 3 Critical Risk management FY20 FY21 FY22 FY23 FY24 Digitalization of HSES Systems Infrastructure Upgrade LTIFR 0.67 0.58 0.62 Training and 0.56 0.52 Capacity Building FY20 FY21 FY22 FY23 FY24 Sens
Slide 28: People: Our Biggest Asset
People: Our Biggest Asset 13,000 97,000+ 21% 1100+ 28% 2.4 mn hours Executives Total Gender HSE Leadership Safety Workforce Diversity Employee Diversity Training Next set of 3,000 leaders are Company with diverse Professionally driven company - home grown through our demographics – Nationality, Each
Slide 29: Industry leading Policies & Programs
Industry leading Policies & Programs • Market Benchmarked, best in class reward programs including fixed and variable remuneration Wealth (Bonus, Stock Options, Incentive Programs) Creation • Wide coverage through ESOPs Stock options, 1/3rd executives covered Parenthood Policy Benefits for Transgend
Slide 30: ESG Ratings: significant improvement across key external ratings
ESG Ratings: significant improvement across key external ratings Percentile Ranking Risk Score (Lower the better) ESG Rating ESG Rating A- 47 44 BB BB B B B 100% 39.6 B- 98% 37.9 C B 89% 86% CCC 2020 2021 2022 2023 2020 2021 2022 2023 2020 2021 2022 2023 2020 2021 2022 2023 ▪ VEDL ranked 3rd among g
Slide 31: Thank You
Thank You Sensitivity: Internal (C3)
Vedanta — Barclays ESG Emerging Markets Corporate Day 2024 on 6ix