Vedanta Prioritizes 70% of Its Income towards Transition Metals as It Drives India's Green Development Agenda
In the global race towards a net-zero emissions future, the Vedanta Group stands out as a champion of Environmental, Social, and Governance (ESG) principles. The multinational conglomerate, with operations spanning India, South Africa, Namibia, Liberia, UAE, Saudi Arabia, Korea, Taiwan, and Japan, has set a ambitious goal to achieve net-zero emissions by 2050 or sooner.
At the heart of Vedanta's operations is Konkola Copper Mines (KCM) in Zambia, one of the world's richest copper deposits. However, Vedanta's commitment to sustainability extends beyond mere resource extraction. The group has already made significant strides in producing India's first green aluminium and Asia's first green zinc.
Vedanta's leadership in the critical minerals, energy transition metals, energy, and technology sectors is undeniable. Nearly 70% of its top-line comes from transition metals, a testament to its strategic importance in the global energy transition. Hindustan Zinc, a part of the Vedanta Group, is the world's largest integrated zinc producer, further cementing its position as a global leader.
In addition to its metal production, Vedanta is also expanding its natural gas portfolio to reinforce its role in India's energy mix. The group has secured critical mineral blocks across the country, including rare earth elements, vanadium, graphite, and tungsten.
Vedanta's commitment to sustainability is not limited to its business operations. The group has made significant strides in carbon emissions reduction, mitigating 28 million tonnes in the last three years. It is also advancing plans for a large-scale copper smelter in Saudi Arabia and pursuing a 2x growth plan to double capacity across zinc, lead, and silver.
Moreover, Vedanta has pioneered water positivity and large-scale afforestation initiatives. Its social impact initiatives have improved the lives of nearly 7 million people in underserved regions. The current leader of Vedanta Resources is not explicitly mentioned in the search results, but B. Vijayalakshmi Menon appears as a named respondent in recent legal documents related to Vedanta Limited, suggesting a possible leadership association.
Vedanta's renewable energy endeavours are also noteworthy. The group has renewable energy power delivery agreements of 1.9 GW installed capacity. It aims for a 25% reduction in emissions by 2030 and is targeting 2.5 GW of round-the-clock renewable capacity.
In the realm of aluminium production, Vedanta is expanding its capacity from 2.4 MTPA to 3.1 MTPA by FY28. It is producing low-carbon 'green' aluminium products branded Restora and Restora Ultra.
In conclusion, the Vedanta Group is a global leader in sustainable development and energy transition. Its commitment to ESG principles, reduction of carbon emissions, and pioneering of green technologies make it a beacon of hope for a sustainable future.
