This document provides an overview of Vedanta Limited, an Indian mining company. It discusses the company's operations in India, South Africa, Namibia, and Australia. It then outlines some controversies and criticisms faced by Vedanta, including environmental damage related to bauxite mining in Niyamgiri Hills in India and police shootings of protesters in Thoothukudi, Tamil Nadu. The document also mentions safety incidents at Vedanta facilities in Korba, Chhattisgarh and lawsuits filed against the company in Zambia by local residents alleging pollution.

1. BUSINESS RESPONSIBILTY REPORT
GROUP MEMBERS:
MOHD. FAISAL KHAN, NIDHI SHARMA & LAXMI SWARUPA DAS
MRBR | CASE 8 | PGDFM 2019-2021 | IIFM

2. INTRODUCTION
• Vedanta Limited is a global diversified metal and mining company.
• It has its presence in many high growth markets countries such as -
• India, South Africa, Namibia, and Australia.
• It is one of the largest mining, non-ferrous metals company in India. (HZL)
• Vedanta Resources was listed on the London Stock Exchange in December 2003.
(was a constituent of the FTSE 100 Index)
Founded in 1979 at
Bombay, India.
Current Headquarter:
London, United Kingdom
Founder –
Dwarka Prasad Agarwal
(Father of Anil Agarwal)
Employees –
76,752 (2019)
Products –
Zinc, Lead, Silver, Oil &
Gas, Iron Ore, Steel,
Aluminum and Power.
Revenue: US$ 14,031 mil.
(2019)
Operating Income:
US$ 1,949 mil.
Net income: US$ 424 mil.

3. Source: https://ataglance.vedantaresources.com/

4. Source: https://ataglance.vedantaresources.com/

5. Controversies & Criticism

9. ENVIRONMENTAL DAMAGE & NIYAMGIRI HILLS
The Kondh Tribes in the
region opposed the move
in 2008, supreme court granted
clearance to deforest the area
to conduct the mining
Vedanta started a joint
venture with Odisha Mining
Corporation Ltd. To mine
bauxite from Niyamgiri Hills
Saxena
Committee
There had been blatant violations of the rights of the
tribes under the Forest Rights Act 2006 by Vedanta and
OMCL, and even the rights of Dalits not protected under
that Act.
Vedanta ended up
losing over Rs
4,000 crores
There had been repeated violations of the Forest
Conservation Act 1980, with Vedanta wilfully concealing
information about the project.
MoEF gave
stage 1
clearance in
2009
faced international
condemnation
The Gram Sabhas set up to
look into the matter
unanimously rejected the
project in 2013
Vedanta had committed significant violations of the
Environmental Protection Act 1986 when it came to the
refinery, which had been expanded without getting
environmental clearances.
human rights and activist groups,
Survival International, Amnesty
International and Niyamgiri
Surakshya Samiti
Refused to grant
stage 2 clearance

10. STERLITE PROTEST FIRING
• This event took place on 22 & 23 May
2018 in Thoothukudi, Tamil Nadu.
• The violence took place during an
ongoing protest against proposed
expansion of a copper smelter plant run
by Sterlite Corporation
• Police opened fire on the protesters,
killed 13 people and left 102 injured.
Several policemen were also injured
during the protests
• The United nations condemned the
firing by the police as excessive and
disproportionate.
• Vedanta delists from London Stock
Exchange amid protests.
KORBA, CHHATTISGARH.
• Under-construction chimney was collapsed at
the power plant in Sep. 2009
• Which resulted the death of 40 people and
many people got injured.
• In 2012, state-appointed judicial commission
found that – it was caused by due to
negligence of BALCO, the contractors and
relevant govt.
• In Sep. 2017, the Chhattisgarh Environment
Control Board (CECB) instructed BALCO to
shut down the power plant for violation of
the Water (Prevention and Control of
Pollution) Act 1974.
• BALCO was reportedly pumping polluted
water into a nearby canal (which drains into
the Hasdeo river) after the ash dyke at the
plant was damaged.
CHINGOLA, ZAMBIA.
• Residents of Chingola filed civil cases
against Vedanta and KCM claiming that
they were negligent and violated Zambian
environmental laws
• Waste from the mine is alleged to have
polluted the local waterway and caused
personal injury and damage to property.
• Vedanta tried to argue that the English
courts couldn’t hear the case as it related
to claims in Zambia
• But the English Court of Appeal rejected
these claims, and allowed the claims of the
1,826 Zambian villagers to proceed
• The main case hasn’t yet been decided..

11. Business Responsibility Report
FY 2018-19

12. P1 : CONDUCT, GOVERNANCE, ETHICS,
TRANSPARENCY AND ACCOUNTABILITY
● Established code of conduct for business ethics
● Whistle blower policy:1 out of 25 reported cases verified and resolved.
● Supplier code of conduct
● Zero tolerance : applies to all officers, directors, and employees of the company and
subsidiary
● Values:Transparency and integrity

13. P2: SAFETY AND OPTIMAL RESOURCE
UTILISATION ACROSS PRODUCT LIFECYCLE.
● Limited control over downstream value addition and use of products
● 95% produced water in oil and gas is recycled
● 100% domestic treated sewage water used for horticulture
● Commitment to reduce GHG emissions by 16% by 2020 over 2012 levels.

14. P3:EMPLOYEE WELL BEING

15. P4:ENGAGING STAKEHOLDERS: SUSTAINING
VALUE
101 complaints received
and responded to.
Shareholders
Promoting best practices
Industry
Consultation and
participation based on
SEPs
Civil society
Compliance with national
laws and regulations
Host government
Disadvantaged and
vulnerable groups
catered to through CSR
activities
Communities

16. P5:PROMOTING HUMAN RIGHTS
● Human rights policy aligned with UN guiding principles with strict prohibition on child or
forced labour underpinned by national legislation on the same
● Mandates for suppliers, NGOs and contractors too
● Zero human rights violations reported.

17. P6:NURTURING THE ENVIRONMENT
● With sustainable development framework in place encompassing HSE policy, EM
standards, and policies specific to biodiversity, energy and carbon, and water management.
● All sites are ISO 14001 certified
● Regular internal audits are conducted to prepare Corrective Action Plans, capability
development, and management review.
● Energy portfolio diversification and efficiency
● Carbon forum constituted to strategize on risks to company from Climate change: CBS,
risk assessment and interconnectedness.

18. P7: RESPONSIBLE POLICY ADVOCACY
● A member of TERI, CII, WBCSD, IBBI, ASSOCHAM for constant improvement on
sustainability practices.
P8: Support Inclusive development
● An investment of INR 51.72 cr made in supporting neighbourhood communities.
● Poverty alleviation programmes
● Children’s education and well-being: 50,000 children covered
● Drinking water and sanitation: Jeevan amrit project
● Agriculture and animal husbandry
● Community infrastructure: Rainwater harvesting, community ponds, etc
● Upskilling youth for better employability
P9:Proving customer value: TQM, 1SO 9001.

19. LOSS AND PROFIT ANALYSIS OF VEDANTA
LTD.
LOSS
• During the last five years of curtailed operation, the company has lost about Rs 2,500 crore on an investment
of Rs 5,000 crore in the Lanjigarh plant”. On the other hand, the company claims, that he contributed Rs 830
crore to both the Centre and the state government in the form of taxes and spent another Rs 170 crore on
peripheral development activities in Lanjigarh. Now, in the idle state also, the company has to spend Rs 10 to
Rs 11 crore towards salaries, electricity bill, payment to contractors, establishment cost and maintenance.
• The consolidated income of the company during January-March quarter dropped to Rs 20,382 crore, over Rs
25,096 crore
• Diversified natural resources firm Vedanta reported consolidated net loss of Rs 12,521 crore for the quarter
ended March 31, 2020 on the exceptional loss of Rs 17,132 crore, primarily due to impairment of assets in oil
and gas, copper and iron ore business.
PROFIT
• Vedanta Ltd reported a 49.1 per cent rise in its consolidated profit at Rs 2,348 crore for the December 2019
quarter, on the back of lower expenses.
• The company released a report that the profit of Rs 1,574 crore in the October-December period of the previous
financial year, Vedanta Ltd said in a filing to the BSE.

20. THANK YOU