Industrial Automation Magazine India

Vedanta Limited soars to 3rd place in Metal and Mining sector, Hindustan Zinc Ltd leads with 1st place.

London/New Delhi, February 19, 2024: Vedanta Limited, one of the world’s largest diversified natural resources, hydrocarbons and technology conglomerates, has secured 3rd place in the S&P Global Corporate Sustainability Assessment (CSA) 2023 in the Metal and Mining sector, while Vedanta’s Group Company, Hindustan Zinc Limited, the world’s second-largest zinc producer, led the score rankings with 1st position in the sector. In addition, Vedanta Aluminium, India’s largest aluminium producer, topped the rankings as the world’s most sustainable aluminium producer.

Speaking on the occasion, Priya Agarwal Hebbar, Non-Executive Director of Vedanta Limited and Chairperson of Hindustan Zinc commented, "We are proud of the Vedanta Group’s remarkable performance in the S&P Global Corporate Sustainability Assessment. Our improved rankings are testament to our commitment towards building a sustainable future. We continue to march on this transformative journey, creating global benchmarks in our industry. I would like to express my gratitude to our colleagues, partners and investors, without whose support, this rare distinction would not have been possible.”

Vedanta Limited's ascent from 23rd place in 2018 to 3rd place in 2023 demonstrates the sustained and impressive progress it has made over the years. Hindustan Zinc and Vedanta Limited are now the only Indian companies in the global top 10 within the Metal and Mining category. Additionally, out of 64 industries and nearly 10,000 companies assessed, Hindustan Zinc Limited featured in the top 1% of the sector companies in the S&P Global Sustainability Yearbook 2024, and Vedanta Limited was in the top 10%. The Sustainability Yearbook distinguishes those companies within their industries that have demonstrated impressive strengths in corporate sustainability. The percentage ranks are based on whether the company scores within a certain percentage range of the industry’s top-performing company.

The S&P Global CSA is the premier external sustainability assessment in the world and the rankings serve as a beacon for responsible investing, providing investors with a trustworthy gauge of a company's long-term viability and commitment to sustainable practices.

 Vedanta aims to be a sustainable national and global leader in the natural resources sector and has committed to reduce carbon emissions to zero by 2050 or sooner. The company aims to spend $5 billion over the next 10 years to accelerate its transition to net zero and has implemented trailblazing technological improvements across business operations.