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Climate Change

Pillar 2: Transforming the planet

Aim 4: Net Zero Carbon by 2050 or sooner

Climate change is a major worldwide threat that is influenced directly by human activities and necessitates immediate response. We have a responsibility to address this global issue by reducing emissions at our operations and throughout our value chain, as well as producing metals, minerals, and energy in a sustainable manner, which are critical for developing the technologies and infrastructure required to transition to a low-carbon economy.

Impact Created

64mn

TCO2e

Absolute GHG Emissions (FY'22)

~13.7mn

TCO2e

Avoided GHG Emissions (since 2012)

580MW

Agreements in Place

RE RTC (equivalent) Power Deliverd

B

CDP Climate Score (2021)

Management Performance in Climate Change

Strong governance underpins our climate change strategy and approach. We're working to improve our processes and capabilities so that we can achieve net zero emissions by 2050 and help India meet its 2070 promise.

Energy & Carbon Policy

Net Zero Carbon Announcement

FY'2021 TCFD Climate Change Report

To achieve net zero emissions by 2050, Vedanta will ensure:

Goal	Target	Our Current Performance
Absolute GHG emissions reduction	25% reduction by 2030 and Net zero by 2050	5% increase in absolute GHG emissions from FY'21
GHG emissions intensity reduction	20% GHG intensity reduction by 2025 from FY'21 baseline	15% decline in GHG intensity for the metal’s business (baseline: FY'2021)
Increase in Round-The-Clock (or equivalent) RE	500 MW by 2025 2.5 GW by 2030	41 MW RE RTC
LMV decarbonization	50% LMVs to be decarbonized by 2025 100% to be decarbonized by 2030	4% LMV fleet decarbonized
Mining fleet decarbonization	75% of total mining fleet to be decarbonized by 2035, and 100% to be decarbonized by 2050	Multiple MoUs signed with fleet manufacturers for fleet replacement

Case Studies

Project 1

Plantation @ Ravva

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ESG Governance

ESG Key Sustainability Topics Climate Change

Plantation @ Ravva

Plantation based carbon sequestration has proved to be a simple, cost-effective, and reliable technique to offset one’s carbon footprint. Done right, this approach not only helps sequester carbon, but can also enhance the biodiversity of an area, improve local incomes, and protect the area from extreme weather events.

At Ravva, Cairn’s offshore terminal, we have been planting flora native to the coastal habitat to enhance the local green-cover. Plants like mangroves, marsh grasses and other wetland species have the natural ability to draw down higher quantities of carbon dioxide per year than land plants and can store the carbon for centuries in their roots. The Ravva greenbelt program has resulted in the development of a manmade wetland and mangrove forest, planted in 55 acres of swampy terrain in the backwaters of the Bay of Bengal. The site has become a hotspot for several avifaunal species and refuge to the smooth coated otter. A total of 16 species of trees, one climber, one shrub and four herbaceous mangrove associates have made this habitat their home. Collectively, the Raava greenbelt harbours 33 species of plants.

To assess the carbon stock of the plantations at Ravva, the team undertook extensive field surveys and spatial analysis in accordance with IPCC GPG LULUCF guidelines. In the assessment, living portion of forest biomass carbon i.e. Above Ground Biomass (AGB) & Below Ground Biomass (BGB) and Soil organic matter were included for Carbon stock assessment.

The study confirms that the carbon sequestration potential of the Cairn developed plantation is ~17,959 tons of Carbon dioxide, calculated based on the total carbon stock stored.