MUMBAI: Vedanta Ltd has jumped ranks to 12th, in CSR and Sustainability according to a recent survey conducted by IIM Udaipur for Responsible Business Ranking for the year 2016-17. Hindustan Zinc, a subsidiary of Vedanta Ltd, has been ranked 9th, breaking into the Top-10 companies across India among all sectors.
Vedanta Ltd has significantly improved in rankings jumping from 34 in 2014-15 to 24 in 2015-16 to 12 in 2016-17. Similarly, Hindustan Zinc jumped 11 spots to be ranked 9th in 2016-17 as compared to 20 in the previous year. The company was ranked 62 in 2013-14 and 50 in 2014-15.
The Vedanta Group has always believed that providing a sustainable environment to future generations is essential to spur inclusive growth and development across communities. Care for Environment, Safety, Water & Sanitation, Child Care, Education, Nutrition, Sustainable Livelihood, Women Empowerment, Health, Sports & Culture and Community Development including community assets creation have always been the key focus areas for the group.
The Vedanta Group operates in some of the most remote locations across India, meeting, interacting and working hand-in-hand with some of the most insulated communities. While, these communities are based in different geographies, their core need is remarkably the same— to embrace sustainable development. With unique and innovative projects such as Nandgarh, Samadhan, Unnati, etc the group goes beyond the chartered territory of conventional CSR and sustainability initiatives to ensure that these communities succeed in achieving what they seek.
The IIM Udaipur Responsible Business Ranking 2018 study looked at the top 218 public (47) and private (171) sector companies to arrive at these ranking. Of the total, it covers diverse portfolio of industries such as automobiles, banks, FMCG, infrastructure, information technology, metals and mining, oil, power, steel, pharmaceuticals, telecommunications and others.
The ranking is based on a weighted average of following four criteria: 20% weight to Governance, 15% to Disclosure, 30% to Stakeholders and 35% to Sustainability. The highest score that a company can get was 100.
Recently Hindustan Zinc also topped the green index in the metals and mining sector globally in the Dow Jones Sustainability Index 2018.