ANI
25 Jan 2023, 13:48 GMT+10
New Delhi [India], January 25 (ANI): Vedanta Aluminium, India's largest producer of the metal, moves into the second spot in the S and P Dow Jones Sustainability Index (DJSI) world rankings for the aluminium industry for the assessment period FY21-22 (2021-22).
The S and P Dow Jones Sustainability Indices are a family of best global benchmarks that track the performance of the world's leading companies in terms of economic, environmental, and social criteria, according to the metal-producing company.
The company moved up two spots from the previous fourth rank globally in the FY20-21 assessment, according to Vedanta Aluminium's statement released on Wednesday.
This makes the firm the second most sustainable aluminium producer in the world.
According to the DJSI index, more than 10,000 companies across various industries undergo annual evaluations of their sustainability practices and only the most sustainable of which are selected for inclusion in the list.
Vedanta Aluminium scored high on most aspects of the environment, social and governance (ESG) criteria, including cybersecurity, environment reporting, environmental policy and management systems, social reporting, labour practice indicators, human capital development, talent attraction and retention, customer relationship management and social impact on communities, it said.
"Vedanta Aluminium's SP DJSI rankings for 2022 reflects our commitment to structurally integrate the principles of sustainability throughout our value chain, from sourcing to product delivery, with climate action central to our growth journey, " Rahul Sharma, Chief Executive Officer, Vedanta Aluminium, said.
He said their sustainable development agenda included a laser focus on decarbonisation of their operations, increasing the quantum of renewables in the energy mix, judicious use of natural resources like water, wellbeing of employees and partners, fostering circular economy in waste management, and partnership with local communities to make farming climate resilient.
The CEO added, "The recognition of being second most sustainable aluminium producer in the world echoes our mission of Transforming for Good for the betterment of our planet, people and communities." (ANI)Get a daily dose of Africa Leader news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Africa Leader.
More InformationAUSTIN/SANTA FE: Texas/New Mexico have reported 28 new measles cases in the past five days, bringing the total to 256 since the outbreak...
WASHINGTON, D.C.: U.S. Transportation Secretary Sean Duffy announced that helicopters will be permanently banned from flying near Washington...
NEW YORK CITY, New York: The U.S. must accelerate its efforts to develop fusion energy or risk losing its edge to China, Virginia Governor...
WASHINGTON, D.C.: In the past 20 years, China has become the world's top shipbuilder, producing more than half of all commercial ships....
ALBANY, New York: New York fired over 2,000 prison guards this week for not returning to work after a weeks-long strike that disrupted...
BEIJING, China: China has announced new tariffs on Canadian agricultural and food products in retaliation for Canada's recent duties...
LONDON, U.K.: Virgin Group is seeking to raise $900 million to fund its plan to launch cross-channel rail services, positioning itself...
SEATTLE, Washington: Boeing saw a significant increase in aircraft deliveries in February, reporting 44 planes delivered compared to...
DALLAS, Texas: Southwest Airlines will start charging passengers for checked bags, ending a long-standing policy that set it apart...
NEW YORK, New York - U.S. stocks rallied hard on Friday, boosted by strong rises around the world. Investors shrugged off a decline...
MILAN, Italy: Maserati has scrapped plans for an electric version of its MC20 sports car, citing low expected demand for the high-performance...
BERLIN, Germany: Volkswagen is set to cut 1,600 jobs at its Cariad software division by the end of the year, affecting nearly 30 percent...