Vedanta Aluminium’s largest smelter reduces GHG emissions intensity by 12% in FY22
6th June 2022
- On World Environment Day 2022, commits to reducing GHG emissions intensity (carbon footprint) by 25% by 2030 over FY21 baseline
- India’s largest renewable energy consumer in FY22, at 3 Billion Units
New Delhi; 6th June, 2022: Vedanta Aluminium, India’s largest producer of aluminium, is proud to declare that its largest aluminium smelter has substantially reduced its GHG or greenhouse gas emissions intensity (carbon footprint) by around 12% in FY22 over the previous fiscal, while increasing production volume by 20%. On World Environment Day, Vedanta Aluminium commits to reduce GHG emissions intensity by 25% by 2030, over FY21 baseline, as part of its climate action endeavours. Historically, Vedanta Aluminium has reduced its GHG emissions intensity by 21% in the 2012-21 period, while almost tripling its production in the same period.
Vedanta Aluminium has deployed a multi-pronged approach for combating climate change. This includes operating plants at high levels of operational efficiencies, increasing quantum of renewables in energy mix, and transitioning to cleaner fuels from fossil fuels. Testimony to its climate action initiatives:
- Vedanta Aluminium is the first from India to launch low carbon ‘green’ aluminium, branded Restora, whose carbon footprint is nearly half of the global threshold of 4 tonnes of CO2 equivalent per tonne of aluminium for low carbon aluminium
- Vedanta Aluminium is India’s largest consumer of renewable energy, at 3 billion units in FY22
- The company has signed a Power Delivery Agreement for 380 MW of renewable energy for its aluminium smelters
- It has commissioned India’s largest industrial electric fleet of 27 forklifts powered by lithium-ion batteries
- It has expanded its existing carbon sink with plantation of 4 lakh more saplings in FY22
- Vedanta Aluminium’s BALCO plant continues to be the national benchmark in lowest Specific Power Consumption or SPC (a metric which establishes the energy efficiency of operations; lower SPC denotes higher energy efficiency)
- Operational efficiency and energy conservation initiatives have resulted in energy savings of 23 lakh Giga Joules in FY22
- Created 9 rainwater harvesting infrastructures in last fiscal alone, having a combined water saving potential of 194 million litres
Speaking about Vedanta Aluminium’s approach to sustainable development, Mr Rahul Sharma, CEO – Aluminium Business, Vedanta Limited, said, “Being India’s largest producers of aluminium, we firmly believe in our role as climate action stewards while being industry leaders. We have set ambitious targets for ourselves on our road to Net Zero Carbon by 2050, with the first milestone being 25% reduction in GHG emissions intensity by 2030. We have adopted a 360-degree approach to sustainable development, which includes products, processes, technology, policy and partnerships. We believe our actions will help build a net-zero climate-resilient business, while creating virtuous circles of sustainable growth, jobs and opportunities – for us, our stakeholders, the nation and world at large.”
The past year has seen Vedanta Aluminium increase its focus significantly in the areas of carbon reduction, renewable energy, biodiversity, air, water, waste management and communities. For instance, the company has signed several MoUs with India’s leading technology institutes for extracting residual value out of industrial by-products like fly-ash and bauxite-residue, as well as establishing circular economy avenues for their utilization.
Vedanta Aluminium, a business of Vedanta Limited, is India’s largest producer of aluminium, manufacturing more than half of India’s aluminium i.e., 2.26 million tonnes in FY22. It is a leader in value-added aluminium products that find critical applications in core industries. Vedanta Aluminium ranks 4th in the Dow Jones Sustainability Index (DJSI) 2021 world rankings for aluminium industry, a reflection of its sustainable development practices. With its world-class aluminium smelters, alumina refinery and power plants in India, the company fulfils its mission of spurring emerging applications of aluminium as the ‘Metal of the Future’ for a greener tomorrow. www.vedantaaluminium.com
About Vedanta Limited:
Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading Oil & Gas and Metals company with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, and Aluminium & Power across India, South Africa and Namibia. For two decades, Vedanta has been contributing significantly to nation building. Governance and sustainable development are at the core of Vedanta's strategy, with a strong focus on health, safety, and environment. Vedanta has put in place a comprehensive framework to be the ESG leader in the natural resources sector. Vedanta is committed to reducing carbon emissions to zero by 2050 or sooner and has pledged $5 billion over the next 10 years to accelerate the transition to net zero operations. Giving back is in the DNA of Vedanta, which is focused on enhancing the lives of local communities. The company’s flagship social impact program, Nand Ghars, have been set up as model anganwadis focused on eradicating child malnutrition, providing education, healthcare, and empowering women with skill development. Under the aegis of the Anil Agarwal Foundation, the umbrella entity for Vedanta’s social initiatives, the Vedanta group has pledged Rs 5000 crore over the next five years on social impact programmes with a thrust on nutrition, women & child development, healthcare, animal welfare, and grass-root level sports. Vedanta and the group companies have been featured in Dow Jones Sustainability Index, and was conferred Frost & Sullivan Sustainability Awards 2020, Golden Peacock Award for excellence in Corporate Governance 2022 and certified as a Great Place to Work 2022. Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange.
For more information, please visit www.vedantalimited.com
About Vedanta Aluminium Business:
Vedanta Aluminium, a business of Vedanta Limited, is India’s largest producer of aluminium, manufacturing more than half of India’s aluminium i.e., 2.29 million tonnes in FY23. It is a leader in value-added aluminium products that find critical applications in core industries. Vedanta Aluminium ranks 1st in the S&P Global Corporate Sustainability Assessment 2023 world rankings for the aluminium industry, a reflection of its leading sustainable development practices. With its world-class aluminium smelters, alumina refinery and power plants in India, the company fulfils its mission of spurring emerging applications of aluminium as the ‘Metal of the Future’ for a greener tomorrow.
For more information, please log on to www.vedantaaluminium.com
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Disclaimer:
This press release contains “forward-looking statements” – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “should” or “will.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional, and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.
