Vedanta Finds a Way Into The Dow Jones Sustainability Index
Yes, But Under Observation
Vedanta Ltd, a global diversified natural resources company, has been listed in The Dow Jones Sustainability World Index, one of the world’s most well known environmental, social, and governance (ESG) indices. Being the only addition from India this year, Vedanta is now among the 6 Indian companies in the index of 332 global companies. Indian firms seem to have a collective weightage of 1% in the index currently.
With this inclusion, Vedanta joins the ranks of global companies like Anglo American plc and Teck Resources Limited in the apex list. The company also gets listed in The Dow Jones Sustainability Emerging Markets Index of 111 global companies.
Vedanta ranked 6th out of 216 companies globally (98th percentile) and 2nd in Asia Pacific in the metal and mining sector of S&P Global Corporate Sustainability Assessment 2022, formerly known as Dow Jones Sustainability Index – DJSI. Vedanta has moved up 10 ranks up from last year with a strong 14-point improvement in the sustainability score.
Speaking on this achievement, Priya Agarwal Hebbar, Non-Executive Director, Vedanta Limited said, “Vedanta is honoured to be included in The Dow Jones Sustainability™ World Index and The Dow Jones Sustainability Emerging Markets Index. The inclusion in global indices and our improved rankings are a testimony to our commitment towards building a sustainable future. With focused action plans on decarbonization, water positivity, workplace safety, community welfare and workforce diversity, we are embarking on a transformative journey to emerge as industry leaders in ESG.”
Vedanta’s sustainability score witnessed a jump from 62 to 76 this year with an improvement in all three dimensions of E, S and G. The sectional scores were: Environment: 83 (+15 from last year); Social: 74 (+18 from last year) and Governance: 72 (+11 from last year).
With a commitment to being a net-zero organisation by 2050, Vedanta has pledged $5 billion in the next 10 years to accelerate the transition to net-zero operations. The group has also partnered with the World Economic Forum by joining 1t.org- the one Trillion Tree platform and pledges to grow 7 million trees for creating a resilient environment.
