Transforming for Good
We are committed to addressing and taking action on the world’s biggest sustainability topics through our business strategy and decision-making.
Transforming Communities
- Social Performance
- Community Development
Transforming The Planet
- Climate Change
- Water
- Waste
- Biodiversity
Transforming The Workplace
- Occupational Health and Safety
- Workforce Diversity
- ESG Governance
Our Goal
At BALCO, sustainability is integral to our business strategy. We continuously prioritize compliance and aim to enhance our social and environmental performance. To achieve this, we have implemented robust management systems focused on safety, health, environmental sustainability, and social responsibility.
Our commitment extends to resource conservation, improving health and safety standards, fostering innovation, and ultimately enhancing the quality of life for all stakeholders.
ESG Approach
Sustainability at Vedanta BALCO is aligned with Vedanta’s broader strategy and is built upon four core pillars:
Approach
Responsible Stewardship
Responsible governance supports relationship building. Ensuring effective business processes for robust compliance and risk management, protecting health and safety of our employees, and managing our environment impacts.
Building Strong Relationships
Relationship enables us to contribute to a wider society. Ensuring direct and indirect positive impact to employees, communities, investors, suppliers, and the government.
Adding and Sharing Value
Value helps us maintain a license to operate. Ensuring direct and indirect positive impact to employees, communities, investors, suppliers, and the government.
Strategic Communications
Empowering Rural Development through Inclusive and Responsible Engagement.
This framework ensures that we are well-positioned to tackle sustainable development challenges. Our sustainable development framework is supported by well-defined governance structures and policies, which act as the foundation for our initiatives. A dedicated internal structure drives our sustainability goals, which include zero harm, zero waste, zero discharge, and positively impacting the communities around us.
Vedanta Sustainability Assurance Programme (VSAP)
VSAP is our sustainability assurance tool, which we use to assess our compliance with the Vedanta Sustainability Standards requirements. It includes a programme of formal third-party audits to ensure framework compliance across 13 elements, namely Compliance; Leadership; Objectives, Targets, Planning & Performance; Competency & Training; New Projects; Process Safety & Management of Change; Incident Investigation; Assessment and Continual Improvement; Supplier & Contractor Management; Social Sustainability & Stakeholder Engagement; Resource Use Management; Occupational Health and HSE Management.
VSAP is an annual process with clear tracking of results by the Sustainability Committee and the Executive Committee, which in turn report to the Board. Basis identified improvement areas, respective businesses make management plans and undertake corrective actions, which are periodically reviewed, evaluated and documented.
