Sustainability
Vedanta Group pledges to move towards carbon neutrality
Company's mission is to take the country to a net zero emission goal through specific emission measures, including the promotion of renewable energy, enhanced energy efficiency, water-efficient processes, green mobility, planned afforestation and waste management & recycling
- By ICN Bureau
| December 23, 2020
Vedanta, the world’s leading natural resources company, has signed a declaration on climate change by pledging to move towards carbon neutrality at the Second India CEO Forum on Climate Change.
The mission is to take the country to a net zero emission goal through specific emission measures, including the promotion of renewable energy, enhanced energy efficiency, water-efficient processes, green mobility, planned afforestation and waste management & recycling.
Sunil Duggal, CEO, Vedanta Group said, “At Vedanta we have a philosophy of 'Zero Harm, Zero Waste & Zero Discharge'. We are well on course to substantially de-carbonize our operations over the next decade. I would like to congratulate the Government of India for this important initiative and assure our full support to help India achieve its carbon commitments.”
Vedanta’s in-house Carbon Forum and Innovation Cells consist of global experts who are actively working on solutions that can help the company reduce its carbon footprint.
With a continuous focus on responsible mining, as of March 2020, the company has successfully reduced their GHG emissions by almost 14% from 2012 baseline levels, this will help reduce more than 9 million tons of CO2 from the atmosphere.
Vedanta Group generated 582 million units of renewable energy last year and have achieved 6 million GigaJoules of energy savings in the last 3 years. 70 projects have been implemented across various locations for the conservation of energy. In addition to setting up a 40 MW solar project, wind farms with capacity of 274 MW were installed in 5 states across India.
With Vedanta’s strong commitment to its guiding principle of ‘Zero Harm, Zero Waste and Zero Discharge’, the company strives towards achieving the concept of the circular economy by recycling 88 percent of high volume waste and by achieving 105% fly ash utilization.
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