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STAKEHOLDER ENGAGEMENT

EFFECTIVE ENGAGEMENT AND
BUILDING STAKEHOLDER TRUST

At Vedanta, we ensure constructive stakeholder engagement across multiple industries and geographies. This builds successful, long-lasting relationships by identifying and addressing material problems that help us to anticipate emerging risks, opportunities and challenges that reinforce our competitiveness for long-term value creation.

The table below sets out how we engaged with our stakeholders during the year to address their concerns and meet their expectations.

Stakeholder	Key Expectations	How We Engage	Initiatives in FY 2023	Value Created
Local Community	Undertaking need-based community infrastructure projects Increasing reach of community development programmes Provision of jobs & other means of livelihood Improving grievance mechanism	The Group has established a comprehensive social framework as a key to engaging with local communities. The Social Performance Steering Committee (SPSCs) employs a cross-functional approach to community engagement through community group meetings and village council meetings Community needs/social impact assessments are developed to undertake need-based community projects. We are increasing our community outreach via public hearings, grievance mechanisms and cultural events. Vedanta Foundation supports community engagement by supporting them philanthropically	Completed baseline, need, impact and SWOT assessments in all BUs Community grievance process followed at all operations	₹454 crore of CSR investment ~44 million community members benefited

Stakeholder

Key Expectations

How We Engage

Initiatives in FY 2023

Value Created

Local Community

Undertaking need-based community infrastructure projects
Increasing reach of community development programmes
Provision of jobs & other means of livelihood
Improving grievance mechanism

The Group has established a comprehensive social framework as a key to engaging with local communities. The Social Performance Steering Committee (SPSCs) employs a cross-functional approach to community engagement through community group meetings and village council meetings

Community needs/social impact assessments are developed to undertake need-based community projects. We are increasing our community outreach via public hearings, grievance mechanisms and cultural events. Vedanta Foundation supports community engagement by supporting them philanthropically

Completed baseline, need, impact and SWOT assessments in all BUs
Community grievance process followed at all operations

₹454 crore

of CSR investment

~44 million

community members benefited

Employees

Safe workplace
Improved training on safety
Increased opportunities for career growth
Increasing the gender diversity of the workforce

The Group undertakes employee performance management and employee feedback as the primary mode of engaging with employees. We follow a multi-dimensional approach to career and leadership development through V-Lead and ACT-UP programmes

Chairman’s workshops, Chairman’s/ CEO’s townhall meetings and plant-level meetings are organised periodically to improve performance on material issues pertinent to Vedanta Limited

Event management committee and welfare committee to assist in the training, organisation and supervision of employee engagement initiatives

Identification of top talent and future leaders through workshops
Recruitment of global talent through hiring from top global universities
Strengthening gender and regional diversity with V-Lead and V-Engage respectively
Dedicated hiring drive for women

2.11 million man-hours

of safety training

>30%

of all new hires are women

Shareholders, Investors, & Lenders

Consistent disclosure of economic, social, and environmental performance

The Group has an active investor relations team that consistently provides disclosures on economic, social and environmental performance. The team provides regular updates to stakeholders through investor meetings, site visits, conferences and quarterly result calls

The Company organises annual general meetings to engage with our key financial audience i.e., shareholders, investors & lenders. For stakeholders to raise their concerns, a dedicated contact channel has been assigned – ir@vedanta.co.in and esg@vedanta.co.in

Sustainability assurance audits conducted through Vedanta Sustainability Assurance Programme (VSAP)
Bi-weekly investor briefings and proactive engagement with the investor community on ESG topics

₹101.5 per share

dividend

Civil Society

Expectations of being aligned with the global sustainability agenda
Compliance with Human Rights

The Group has implemented multi-stakeholder initiatives and partnerships with international organisations to align with the expectations of the global sustainability agenda. Any key concerns or trends from engagements with international, national and local NGOs are reported to the relevant community of practice. Conferences and workshops are conducted as needed

Membership of international organisations including the United Nations Global Compact (UNGC), The Energy and Resources Institute (TERI), Confederation of Indian Industry (CII), The World Business Council for Sustainable Development (WBCSD), and Indian Biodiversity Business Initiative (IBBI)
Alignment with Sustainable Development Goals
Compliance with the Modern Slavery Act

3,80,320

Total beneficiaries through sports

5,400

No. of people trained through our skill training programmes

Industry (Suppliers, Customers, Peers, Media)

Consistent implementation of the code of business conduct & ethics
Ensuring contractual integrity, data privacy

The Group ensures consistent implementation of the code of business conduct via in-person visits to customers, suppliers and vendors. To ascertain contractual integrity, a vendor scorecard is maintained. We strive to improve the overall customer experience through continual customer satisfaction surveys and meetings

Active hotline service and email ID to receive whistle-blower complaints
Vendor meets to understand vendors and supplier’s issues

₹35,116 crore

Local Procurement

Governments

Compliance with laws
Contributing towards the economic development of the nation

Engagement with regulatory bodies includes participation in government consultation programmes. The Group engages with - national, state, and regional - government bodies at the business and operational levels both directly and through industrial associations