Mapping of Integrated Report for FY2021 (IR) with Securities and Exchange Board of India Business Responsibility Report (SEBI BRR) framework.
| BRR Section | BRR Framework | Section/Page Number in Integrated Report |
|---|---|---|
| Section A: General Disclosures | ||
| Our Approach to Reporting | Page 2 | |
| General Information about the company | A1, A2, A3, A4, A5, A7, A8, A9, A10 | Annual Return, uploaded in the website of the company https://www.vedantalimited.com/Pages/AnnualReports.aspx |
| Financial Year Reported | A6 | 2020-21 |
| Section B: Financial Details of the Company | ||
| Paid up Capital (INR) | B1 | Page 182 |
| Total Turnover (INR) | B2 | Page 277 |
| Total Profit After Taxes (INR) | B3 | Page 277 |
| Total spending on corporate social responsibility (CSR) (INR) | B4 | Page 198 |
| List of activities in which expenditure in B4 above has been incurred. | B5 | Community Development Activities Page 199-209 |
| Section C: Other Details | ||
| Does the Company have any Subsidiary Company / Companies? | C1 | Yes |
| Do the Subsidiary Company / Companies participate in the BR Initiatives of the parent company? If yes, then indicate the number of such subsidiary company(s) | C2 | Yes. Vedanta Ltd. has 8 subsidiaries HZL, BALCO, MEL, Cairn India, Western clusters, Zinc International and CMT (Copper Mines of Tasmania) |
| Do any other entity/entities (e.g. suppliers, distributors, etc.) that the Company does business with participate in the BR initiatives of the Company? If yes, then indicate the percentage of such entity/entities. [Less than 30%, 30-60%, More than 60%] | C3 | Our suppliers are not directly involved with the ‘Responsible Business’ initiatives. However, our contracts address areas like HSE, Ethics, and Human Rights that our suppliers are obliged to adhere to strictly. |
| Section D: BR Information | ||
| Details of Director/Directors responsible for BR | D1 | Page 197 |
2. Principle-wise (as per NVGs) BR Policy/policies (Reply in Y/N)
| S. No. | Questions | P1 | P2 | P3 | P4 | P5 | P6 | P7 | P8 | P9 |
|---|---|---|---|---|---|---|---|---|---|---|
| Do you have a policy/policies for: | Y | N | Y | Y | Y | Y | Y | Y | Y | |
| 1 | Has the policy been formulated in consultation with the relevant stakeholders? | Y | NA | Y | Y | Y | Y | Y | Y | Y |
| 2 | Does the policy conform to any national/ international standards? If yes, specify. (50 words) | Y | NA | Y | Y | Y | Y | Y | Y | Y |
| 3 | Has the policy been approved by the Board? Has it been signed by MD/Owner/CEO/ Appropriate Board Director? | Y | NA | Y | Y | Y | Y | Y | Y | Y |
| 4 | Does the Company have a specified committee of the Board/ Director/Official to oversee the implementation of the policy? | Y | NA | Y | Y | Y | Y | Y | Y | Y |
| 5 | Indicate the link for the policy to be viewed online? | https://www.vedantalimited.com/Pages/CorporateGovernance.aspx?type=inv | ||||||||
| 6 | Has the policy been formally communicated to all relevant internal and external stakeholders? | Y | NA | Y | Y | Y | Y | Y | Y | Y |
| 7 | Has the policy been formally communicated to all relevant internal and external stakeholders? | Y | NA | Y | Y | Y | Y | Y | Y | Y |
| 8 | Does the Company have a grievance redressal mechanism related to the policy/ policies to address stakeholders’ grievances related to the policy/ policies? | Y | NA | Y | Y | Y | Y | Y | Y | Y |
| 9 | Has the Company carried out independent audit/evaluation of the working of this policy by an internal or external agency? | Each year, the Company undertakes an audit exercise, conducted by an external agency to evaluate the workings of these policies. This audit is known as the Vedanta Sustainability Assurance Protocol (VSAP) audit. The VSAP audit is conducted across all of our significant sites. | ||||||||
NA = Not Applicable
| BRR Section | BRR Framework | Section/Page Number in Integrated Report |
|---|---|---|
| 3. Governance related to BR | ||
| Indicate the frequency with which the Board of Directors, Committee of the Board or CEO to assess the BR performance of the Company. Within 3 months, 3-6 months, Annually, More than 1 year | D3 | Sustainability and ESG Page 77 98-99 |
| Does the Company publish a BR or a Sustainability Report? What is the hyperlink for viewing this report? How frequently it is published? | D3 | Sustainability and BRR performance are detailed in the Vedanta Ltd. Annual Report. We also publish an annual Sustainability Report based on GRI Standards. Our Sustainability Reports can be found at: http://www.vedantalimited.com. |
| BRR Section | BRR Framework | Section/Page Number in Integrated Report |
|---|---|---|
| Section E – Principle-wise Disclosures | ||
| Principle 1 - Conduct, Governance, Ethics, Transparency and Accountability | ||
| 1. Does the policy relating to ethics, bribery and corruption cover only the company? Yes/ No. Does it extend to the Group/Joint Ventures/Suppliers/Contractors/NGOs /Others? | P1-1 | No. The Business Code of Conduct and Ethics applies to all Directors, officers and employees of the Company and its subsidiaries Page 182 |
| 2. How many stakeholder complaints have been received in the past financial year and what percent was satisfactorily resolved by the management? If so, provide details thereof, in about 50 words or so | P2-1 |
Standalone numbers: Open complaints
at 1 April 2021: 04 Number of whistle-blower cases received in FY2021: 102 Number of whistle-blower cases upheld and found correct in FY2021: 32 Number of whistle-blower cases closed in FY2021:100 |
| Principle 2 - Safety and Optimal Resource Utilisation across Product Lifecycle | ||
| 1. List up to 3 of your products or services whose design has incorporated social or environmental concerns, risks and/or opportunities. | P2-1 | Cairn case study – Bringing smile to the last
mile; 91 HZL paste fill plant case study; Page 83 |
| 2. For each such product, provide the following details in respect of resource use (energy, water, raw material etc.) per unit of product(optional): | P2-2 |
1. Cairn has set up “Community helpdesks” across six villages to provide voice to the underprivileged. This is an awareness cum educational initiative. This project has helped more than 1,500 lives. 2. HZL has set up paste fill plants across its mining operations. It is the first such plant in India. The implantation leads to reduced environmental foot print by utilising tailings and fly ash and leading to a reduction in use of cement. 39% tailing utilisation and 244 kg m3 reduction in cement use. |
| 3. Does the company have procedures in place for sustainable sourcing (including transportation)? If yes, what percentage of your inputs was sourced sustainably? Also, provide details thereof in 50 words or so. | P2-3 | The Company includes sustainable sourcing practices by intrinsically building the clauses in the contract. |
| 4. Has the company taken any steps to procure goods and services from local & small producers, including communities surrounding their place of work? If yes, what steps have been taken to improve their capacity and capability of local and small vendors? | P2-4 | In view of retaining quality, the Company sources its major inputs from OEMs and large national and international manufacturers. Goods and services procured by businesses locally are of consumable nature where feasible. |
| 5. Does the company have a mechanism to recycle products and waste? If yes, what is the percentage of recycling of products and waste (separately as <5%, 5-10%, >10%). Also, provide details thereof, in about 50 words or so. | P2-5 |
Yes Find the waste recycling numbers: Fly ash – 110% Jarosite – 25% 78-85 |
| Principle 3: Employee Well-being | ||
| 1. Please indicate the Total number of employees | P3-1 | 17047, full time employees |
| 2. Please indicate the total number of employees hired on temporary/ contractual/casual basis | P3-2 | 52,747 as on 31 March. (This doesn’t include 243 Retainers/Fixed term Contract employees |
| 3. Please indicate the number of permanent women employees | P3-3 | 1911 Full-time female employees |
| 4. Please indicate the Number of permanent employees with disabilities | P3-4 | Not tracked |
| 5. Do you have an employee association that is recognised by management? | P3-5 | Yes, we have recognized employee association at IOB, HZL & BALCO |
| 6. What percentage of your permanent employees are members of this recognised employee association? | P3-6 | We have recognised employee associations at IOB, HZL & BALCO. Coverage of permanent employees is as below: 73.8% at IOB 31% at HZL 51% at BALCO |
| 7. Please indicate the Number of complaints relating to child labour, forced labour, involuntary labour, sexual harassment in the last financial year and pending, as on the end of the financial year. | P3-7 |
|
| 8. What number of your under mentioned employees were given safety & skill up-gradation training in the last year? | P3-8 |
The total safety & skills-up gradation training given to employees, contract workers and
third-party visitors is given as below:
|
| BRR Section | BRR Framework | Section/Page Number in Integrated Report |
|---|---|---|
| Principle 4: Engaging Stakeholders - Sustaining Value | ||
| 1. Has the company mapped its internal and external stakeholders? Yes/No | P4-1 | Yes |
| 2. Out of the above, has the company identified the disadvantaged, vulnerable & marginalised stakeholders. | P4-2 | Yes |
| 3. Are there any special initiatives taken by the company to engage with the disadvantaged, vulnerable and marginalised stakeholders. If so, provide details thereof in 50 words or so. | P4-3 | Together we help uplift communities Making inclusive progress an everyday reality Page 86-91 |
| Principle 5: Promoting Human Rights | ||
| 1. Does the policy of the company on human rights cover only the company or extend to the Group/ Joint Ventures/ Suppliers/ Contractors/ NGOs/ Others? | P5-1 | Yes |
| 2. How many stakeholder complaints have been received in the past financial year and what percent was satisfactorily resolved by the management? | P5-2 | No complaints with respect to human rights were reported. |
| Principle 6: Nurturing the Environment | ||
| 1. Does the policy related to Principle 6 cover only the company or extends to the Group/Joint Ventures/Suppliers/ Contractors/NGOs/others. | P6-1 | Yes |
| 2. Does the company have strategies/ initiatives to address global environmental issues such as climate change, global warming, etc? Y/N. If yes, please give hyperlink for webpage etc. | P6-2 | Yes. Energy Management & Climate Change; Page 78-79 |
| 3. Does the company identify and assess potential environmental risks? Y/N | P6-3 | Yes |
| 4. Does the company have any project related to Clean Development Mechanism? If so, provide details thereof, in about 50 words or so. Also, if Yes, whether any environmental compliance report is filed? | P6-4 | No |
| 5. Has the company undertaken any other initiatives on – clean technology, energy efficiency, renewable energy, etc. Y/N. If yes, please give hyperlink for web page etc. | P6-5 | Yes. Energy Management & Climate Change; 78-79 |
| 6. Are the Emissions/Waste generated by the company within the permissible limits given by CPCB/SPCB for the financial year being reported? | P6-6 | Yes |
| 7. Number of show cause/ legal notices received from CPCB/SPCB which are pending (i.e. not resolved to satisfaction) as on end of Financial Year | P6-7 | |
| Principle 7: Responsible Policy Advocacy | ||
| 1. Is your company a member of any trade and chamber or association? If Yes, Name only those major ones that your business deals with. | P7-1 | Our business and subsidiary companies are members of trade and industry bodies like the Federation of Indian Mining Industries, Confederation of Indian Industry, Indian Institute of Metal, Federation of Indian Chambers of Commerce & Industry and The Energy Resources Institute, India, where they actively participate in their Management Committees. |
| 2. Have you advocated/lobbied through above associations for the advancement or improvement of public good? Yes/No; if yes specify the broad areas (Governance and Administration, Economic Reforms, Inclusive Development Policies, Energy security, Water, Food Security, Sustainable Business Principles, Others) | P7-2 | We are working to directly and indirectly support government authorities to catalyse sustainable development of the metals & mining sector. For example, in recent years, we have worked with the national authorities on various campaigns like “Make In India”, resumption of mining in Goa, reduction of iron ore and export duty among others. |
| Principle 8: Support Inclusive Development | ||
| 1. Does the company have specified programmes/initiatives/projects in pursuit of the policy related to Principle 8? If yes details thereof | P8-1 | Community Empowerment Initiatives; 88-91 |
| 2. Are the programmes/projects undertaken through in-house team/own foundation/external NGO/government structures/any other organisation? | P8-2 | We implement our programmes through all the following modes – directly through our Corporate Social Responsibility team and in partnership with government and civil society organisations. We also actively encourage our own employees to contribute towards these social initiatives. |
| 3. Have you done any impact assessment of your initiative? | P8-3 | Yes |
| 4. What is your company’s direct contribution to community development projects- Amount in INR and the details of the projects undertaken. | P8-4 | Annexure B; Page 197 |
| 5. Have you taken steps to ensure that this community development initiative is successfully adopted by the community? Please explain in 50 words or so. | P8-5 | Most of our programmes emerge from a community needs assessment and are delivered in close partnership with them. Several of our initiatives, such as women’s self-help groups, are now completely run and managed by the community members themselves. Our role is chiefly that of a catalyst in the whole process. |
| Principle 9: Providing Customer Value | ||
| 1. What percentage of customer complaints/ consumer cases are pending as on the end of financial year. | P9-1 | Nil |
| 2. Does the company display product information on the product label, over and above what is mandated as per local laws? Yes/No/N.A. /Remarks (additional information) | P9-2 | Yes. Our copper cathodes, aluminium are all internationally known brands registered with the LME (London Metal Exchange). LME standards signify highest product quality, uniform physical characteristics and consistency of products. Our products meet all necessary and benchmark national and global regulations, standards and guidelines. This re-emphasises our capability and commitment to meet world-class standards. For continuous quality improvement, Quality Management Systems are in place, which comply with the ISO 9001:2008 standard requirements. |
| 3. Is there any case filed by any stakeholder against the company regarding unfair trade practices, irresponsible advertising and/or anti-competitive behaviour during the last five years and pending as on end of financial year. If so, provide details thereof, in about 50 words or so | P9-3 | Nil |
| 4. Did your company carry out any consumer survey/ consumer satisfaction trends? | P9-3 | Yes |
