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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.
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