Saturday, Apr 20 2024 | Time 16:25 Hrs(IST)
Business Economy

Vedant Aluminium secures top rank in CSA ranking for 2023

Bhubaneswar, Jan 29 (UNI) Vedanta Aluminium, India’s largest producer of aluminium on Monday claimed that it has secured the top rank in the esteemed S&P Corporate Sustainability Assessment (CSA) rankings for the aluminium industry for the assessment period 2023.
This definitive benchmark reiterates Vedanta Aluminium’s position as the world's most sustainable aluminium producer, outperforming its global peers on Environment, Social and Governance (ESG) practices.
The S&P Global Corporate Sustainability Assessment (CSA) is an annual evaluation of companies’ sustainability practices It covers over 10,000 companies from around the world.
The CSA focuses on sustainability criteria that are both industry-specific and financially material and is considered the premier external sustainability assessment by leading companies.
Previously, Vedanta Aluminium held the second rank among aluminium industries globally as per the 2022 assessment.
Over the past year, the company achieved a substantial increase across all assessed areas, namely, Environment, Social and Governance performance. This has culminated in an increase in its overall CSA assessment score, enabling the company to secure the top rank in 2023.
Vedanta Aluminium has committed to achieve Net Zero by 2050, adopting a two-fold strategy of reducing and offsetting its carbon footprint.

In terms of reduction, the company is focused on increasing the quantum of renewables in its energy mix, enhancing its manufacturing excellence to ensure higher operational efficiencies, and transitioning to low-carbon energy sources such as biofuels.
To offset its residual carbon footprint, the company is also creating substantial carbon sinks through extensive afforestation efforts.
Speaking on the achievement Vedanta Aluminium CEO John Slaven, said, "We have embarked on a transformative journey where our commitment to sustainability goes beyond business compliance to focusing on how we can make a positive impact on the environment.
Securing the top rank in the S&P Global CSA recognizes our commitment to fully embed sustainability practices across every facet of our value chain, from sourcing to product delivery,
he said.
More News

IREDA nets all-time high at Rs 1,252 23 cr in FY24

19 Apr 2024 | 8:38 PM

New Delhi, April 19 (UNI) Indian Renewable Energy Development Agency Ltd. (IREDA), the nation's largest pure-play green financing NBFC, Friday announced an all-time high net profit of Rs. 1,252.23 crore in 2023-24, a 44.83 per cent jump over the previous fiscal year 2022-23.

see more..

"CSIR-IICT and BHEL partners to advance clean fuel technology: MoU signed on CO2 to DME"

19 Apr 2024 | 7:23 PM

Hyderabad, April 19 (UNI) The Council of Scientific and Industrial Research-Indian Institute of Chemical Technology (CSIR-IICT) and Bharat Heavy Electricals Limited (BHEL) Corporate R&D have forged a partnership to develop technology for capturing and converting carbon dioxide (CO2) to Dimethyl Ether (DME) through direct catalytic conversion.

see more..

Amara Raja Infra Wins Greenko’s 700MWp solar project in AP

19 Apr 2024 | 6:41 PM

Hyderabad, Apr 19 (UNI) Amara Raja Infra Private Limited (ARIPL), part of the $1.75 billion Amara Raja Group, on Friday announced it has secured a solar BoS (Balance of System) project of 500MW/700MWp from Greenko.

see more..
Sensex recovers 600 points on heavy buying on last day of week

Sensex recovers 600 points on heavy buying on last day of week

19 Apr 2024 | 5:34 PM

Mumbai, April 19 (UNI) Snapping a losing streak of last four sessions, the BSE Sensex on Friday bounced back 599.34 points to close at 73088.33 on expectation of minimal escalation of tension between Israel and Iran.

see more..

19 Apr 2024 | 5:24 PM

Mumbai, Apr 19 (UNI) IT major Wipro on Friday reported 7.80% year-on-year dip in consolidated net profit at Rs 2,834.6 crore for January-March quarter (Q4) of the financial year 2023-24.

see more..