As we continue to grow, we are committed to the triple bottom line of People, Planet and Prosperity to create a sustainable future in a zero-harm environment for our communities.
We lay consistent emphasis on human rights, respect the principle of free, prior, informed consent, while our engagements with stakeholders give local communities the opportunity to voice their opinions and concerns.
We place utmost importance to engaging ethically and transparently with all our stakeholders, taking accountability of our actions to maintain the highest standards of professionalism and complying with international policies and procedures.
Our primary focus is delivering value of the highest standard to our stakeholders. We are constantly motivated on improving our costs and our quality of production in each of our business through a culture of best practice benchmarking.
We embrace a conducive environment for encouraging innovation that leads to a Zero Harm environment and exemplifying optimal utilization of natural resources, improved efficiencies and recoveries of by-products.
At Vedanta, our people are our most important assets. We actively encourage their development and support them in pursuing their goals.
We actively foster a culture of mutual trust in our interactions with our stakeholders and encourage an open dialogue which ensures mutual respect.
We aim to deliver growth and long-term value while upholding sustainable development in our life cycle of operations. Our Sustainable Development Model, which comprises the four pillars of Responsible Stewardship, Building Strong Relationships, Adding and Sharing Value and Strategic Communications provides us with a robust structure for driving our future growth, advancing our business outcomes and offering significant benefits to the communities that host our operations.
Responsible Stewardship means ensuring we have effective and appropriate business processes, including robust compliance and risk management, protecting the health and safety of our employees and responsibly managing our environmental and social impacts.
Building Strong Relationships captures our engagement with the people and organisations that are interested in our business. Doing this effectively can lead to the identification of new areas where we can find and unlock additional value as well as equipping us to foresee and appropriately manage challenges.
Adding and Sharing Value encapsulates the direct and indirect positive economic impact we make, by investing in people through employment, building infrastructure, developing technology and the payment of taxes, royalties and other payments to local, state and national governments. Additionally, it captures the value we offer by turning the knowledge and ideas sourced through engagement with our stakeholders into specific projects, including collaborating with governments and NGOs to bring value to the communities that host our operations.
The Strategic Communication pillar interlocks with the other three pillars of our model, and is the guiding principle which enables the organisation to engage with our stakeholders in a transparent dialogue. This pillar is the vital element of sustainable development, in implementing and strengthening our ‘license to operate’ efforts. This pillar further reflects our commitment to becoming a more transparent and responsible corporate citizen.
Our four pillars guide our stakeholder engagement and help us to build trusted relationships. As a consequence of these engagements and to respond to stakeholders’ areas of interest we developed our Sustainable Development Framework. The Framework comprises policies, technical standards, management standards and guidance notes across the pillars to establish clear standards, set targets for improving performance and maximise value to our stakeholders.