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Vedanta Aluminium, the largest aluminium producer in India, proudly announces its top-ranking position in the prestigious S&P Corporate Sustainability Assessment (CSA) rankings for the aluminium industry during the 2023 assessment period. This significant achievement reaffirms Vedanta Aluminium as the world's leading sustainable aluminium producer, surpassing its global counterparts in environmental, social, and governance (ESG) practices.
S&P Global CSA 2023: Vedanta Aluminium earns no.1 position as the world leader in sustainable aluminium production
The S&P Global Corporate Sustainability Assessment (CSA) stands as an annual litmus test for companies' commitment to sustainability, encompassing a vast array of over 10,000 global entities. Renowned for its rigorous evaluation, the CSA meticulously scrutinizes sustainability criteria that are both industry-specific and financially impactful, earning its reputation as the preeminent external sustainability assessment among industry leaders.
Mr John Slaven, CEO of 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 recognizes 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."
Some of the key milestones achieved by the company in 2023 include the following:
Reducing GHG emissions intensity by ~8% in FY23 over the FY21 baseline while increasing production by ~16%
Doubling waste utilization to 200% in FY23, boosting circular economy avenues
Inducting India's largest fleet of electric forklifts, reducing carbon footprint arising from logistics
Achieving a noteworthy 11% reduction in water withdrawal from freshwater sources
In the 2022 assessment, Vedanta Aluminium held the 2nd rank among global aluminium industries. However, the company has made remarkable progress across all evaluated dimensions, including environmental, social, and governance performance over the past year. This commendable improvement has substantially increased Vedanta Aluminium's overall CSA assessment score, securing its position as the top-ranked aluminium producer in 2023. This accomplishment underscores the company's dedication to sustainability and ability to outperform international benchmarks in responsible business practices.
Vedanta Aluminium consistently excels in annual sustainability assessments across various industries, securing high scores in critical areas like biodiversity, occupational health, social impact, human rights, talent planning, and water management. With aluminium playing a pivotal role in global sustainability efforts, Vedanta Aluminium has pledged to achieve Net Zero by 2050. Their strategy involves:
Increasing renewable energy usage
Enhancing manufacturing excellence for operational efficiencies
Transitioning to low-carbon sources such as biofuels
It engages in extensive afforestation initiatives to offset the remainder of its carbon footprint. Vedanta Aluminium meets the global demand for responsibly produced aluminium and contributes to a more sustainable future. Their commitment positions them as a key player in providing environmentally conscious products and fostering a greener world.
source：https://www.alcircle.com/news/s-p-global-csa-2023-vedanta-aluminium-earns-no-1-position-as-the-world-leader-in-sustainable-aluminium-production-105759