Vedanta Resources plc

Annual report 2009

HSE committee’s agenda is taken forward by senior management at each site. They are supported by HSE professionals who implement this agenda. Regular internal audits are performed to assess HSE performance. Audit findings are discussed in HSE meetings every month at all the sites. With a focus on behavioural safety we have established training systems at each location. Safety training is compulsory for all employees and contract workers. These programs are conducted in-house with inputs from external institutes and consultants of repute.

We are committed to robust governance and ethical conduct. We have a detailed Code of Conduct for Board Members, Senior Management and other employees. The whistle-blower policy empowers our employees to report any wrong doing without fear of retribution. We are committed to managing and minimizing the environmental and social risks of our activities, by encouraging use of energy and water efficient technologies, conducting environmental impact assessments to understand impact and plan for managing the environmental, social and economic aspects in our major expansions and new projects, along with ongoing internal reviews and external audits.

Stakeholder Engagement

Stakeholder engagement is a key peg of our Sustainability strategy, as they help identify sustainability priorities and direct our efforts going forward on issues most important to our internal and external stakeholders. Key stakeholders to us are employees; local communities; customers; regulatory authorities; media; shareholders, investors and non governmental organizations.

This year we used The World Business Council for Sustainable Development matrix to prioritize stakeholders, based on their influence on us and the impact of our activities on them. A structured process of engagement was adopted using a three pronged approach – keeping the stakeholders informed, engaging with them and forging partnerships to address their needs and concerns. This exercise was conducted by an external agency and its finding helped us prioritize stakeholder needs and size up materiality.